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Tue, August 28, 2012

Ghana Rapidly Becoming an E-Waste Goldmine


Published on 2012-08-28 03:02:06 - Market Wire
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SAN JOSE, Calif.--([ ])--As developing nations in West Africa and Asia become increasingly toxic dumping grounds for the worldas e-waste, Green Technology Solutionsa (OTCBB: GTSO) mining subsidiary, GTSO Resources, is hard at work devising a profitable new way to clean up hundreds of tons of discarded electronics.

"There are safe ways to reclaim the valuable materials in e-waste, and as the prices for these metals continue to rise with demand, the economic feasibility of ecologically sound urban mining production only increases."

Today, tons of unwanted computers, televisions and other devices are labeled as adonationsa by unscrupulous exporters and shipped by the container-load to poverty-stricken nations such as Ghana to be dumped. There, workers including young children labor to collect valuable scrap metals by burning through tons of toxic plastic and lead components to collect gold, tungsten, and other manufacturing minerals from the ashes.

China and India are also home to major e-waste dumping sites. The health risks posed by the pollutants found in e-waste are extreme, including ground water contamination and lead poisoning. The valuable minerals in the refuse can be recycled safely, however, through a process known as urban mining. Itas a potentially lucrative operation that GTSO hopes to bring to Ghana and other dumping grounds soon.

aWe believe urban mining is the clean, profitable solution to the horrendous problem of illegal and immoral e-waste dumping across the globe,a said GTSO CEO Paul Watson. aThere are safe ways to reclaim the valuable materials in e-waste, and as the prices for these metals continue to rise with demand, the economic feasibility of ecologically sound urban mining production only increases.a

Experts now say that urban mining deposits are 40-50 times richer than traditionally mined ore, making e-waste an attractive solution for meeting the booming demand for manufacturing metals around the world. In addition to its business exploration in Ghana, GTSO is also targeting e-waste deposits in Chile. The company is close to a deal with CCI Capital SpA for assistance in facilitating the development and implementation of e-waste recycling deals there.

Urban mining is a major pillar of GTSOas plans to compete alongside major international corporations striving for sustainable manufacturing solutions, such as Sprint Nextel Corp. (NYSE:S) and Toyota Motor Corporation (NYSE:TM). The company is also exploring traditional mining opportunities in the U.S. and Africa through its joint venture with[ Diamond V Associates ].

AboutGreen Technology Solutions, Inc.

Green Technology Solutions, Inc. [[ www.gtsoresources.com ]] is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit our website at[ www.GTSOresources.com/investors.html ].

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words abelieves,a aexpects,a aanticipatea or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyoneas past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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