urban mining...?

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greg~judy
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urban mining...?

Post by greg~judy » Wed Aug 08, 2012 11:41 am

wtf...?
sounds like a good idea to us...!
we shall stay tuned for further news...!
:idea:
GTSO: Canada and Chile Could be Ideal Test Markets for Sustainable Urban Mining Solutions

SAN JOSE, Calif., Aug 08, (BUSINESS WIRE) -- Sustainable urban mining practices could help dramatically reduce the world's carbon emissions, and Green Technology Solutions (OTCBB: GTSO) mining subsidiary GTSO Resources has identified the nations of Canada and Chile as ideal testing grounds for innovative and potentially lucrative new recycling efforts.

By recycling a ton of steel, carbon emissions can be reduced by 2.1 tons. A ton of recycled aluminum eliminates 7.9 tons of emissions, and a ton of recycled computers reduces emissions by four tons. As concern over pollution and climate change grows around the world, demand for recycled materials is skyrocketing, and the market opportunity is not lost on GTSO.

"The global leader in metals recycling, Sims Metal Management (NYSE: SMS), recycled enough appliances and refrigerators to stretch end-to-end from Tokyo to New York in 2010," said GTSO CEO Paul Watson. "The shareholders who invested early in that company are probably very happy with their decision." "We believe that urban mining is critical to affordable, sustainable manufacture of electronics, and by carving out an early position in this rising sector, GTSO could become the next Sims," he added.

Last month, GTSO signed a letter of intent with business facilitators CCI Capital SpA to pursue urban mining targets in Canada and Chile. Both industrialized nations have significant and rising streams of e-waste to deal with as well as the necessary mining infrastructure to capitalize on the deposits of gold, lithium, tungsten and other rare and valuable minerals found in discarded and obsolete electronics, such as earlier models of Apple's (NASDAQ: AAPL) iPhone and iPad.

Urban mining is a major pillar of GTSO's 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.
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frozen-north
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Re: urban mining...?

Post by frozen-north » Wed Aug 08, 2012 1:01 pm

>GTSO: Canada and Chile Could be Ideal Test Markets for Sustainable Urban Mining >Solutions

I can't see it working unless they get government subsidies. And besides, it is not something new, there is already computer recycling in Canada -implemented by the government.
<http://www.albertarecycling.ca/RecyclingMain.aspx?id=72>

>Sims Metal ...recycled enough appliances and refrigerators ....

How do you recycle your stove? Who takes it to a depot? Who pays for storage and transport?

Something does not add up from the information provided.

frozen-north
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Re: urban mining...?

Post by frozen-north » Thu Oct 17, 2019 3:57 pm

Found an old post and looked to see what had happened to this company and its 'innovative and potentially lucrative new recycling efforts.'

Then:
August, 2012

One of the most lucrative mining opportunities of the 21st century may be developing in Chile, and it’s not the country’s booming copper industry, or tomorrow’s star of the Atacama, lithium – it’s used phones and old computers.

GTSO Resources is one of the emerging companies currently scouring the globe for opportunities in rare earth minerals and precious metals production.

https://www.thisischile.cl/chiles-next- ... e/?lang=en
Now:

GTSO Resources
GTSO is a wellness company specializing in helping cannabis growers.

https://www.crunchbase.com/organization/gtso-resources
So much for 'urban mining'?

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Re: urban mining...?

Post by admin » Thu Oct 17, 2019 5:47 pm

got to love how they can stretch and spin old concepts with new coat of lip stick on the pig.

like:

connecting to a server or main frame over the internet is now "cloud computing".

and my favorite recent one,

bunch of guys in a sweatshop is now "artificial intelligence".

:lol:
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lost gringo
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Re: urban mining...?

Post by lost gringo » Thu Oct 17, 2019 6:09 pm

admin wrote:
Thu Oct 17, 2019 5:47 pm
got to love how they can stretch and spin old concepts with new coat of lip stick on the pig.

like:

connecting to a server or main frame over the internet is now "cloud computing".

and my favorite recent one,

bunch of guys in a sweatshop is now "artificial intelligence".

:lol:
with VLC's tripping over themselves to give them money. and in a year or two has a valuation of $10 billion. :lol:
Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it.
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