Saturday, January 20, 2018
Contact us    |    Advertise    |   Help   RSS icon Twitter icon Facebook icon
    Home  ·  News  ·  Forum  ·  Stories  ·  Image Gallery  ·  Columns  ·  Encyclopedia  ·  Videos
Find: in

Are asteroids actually worth mining ?


Posted on Tuesday, 14 January, 2014 | Comment icon 8 comments

Asteroid mining could begin within the next decade. Image Credit: NASA/Denise Watt
A new study has suggested that very few nearby asteroids are suitable for commercial-scale mining.
Several companies over the last few years have announced plans to turn asteroid mining in to a profitable business venture, yet despite the potential to extract valuable ores from this otherwise untapped resource, doubts have been raised over whether asteroids really hold that much in the way of precious materials in the first place.

In a recent study, astrophysicist Dr Martin Elvis has thrown a spanner in the works by claiming that as few as ten near-Earth asteroids would be suitable for commercial mining operations. His results are at loggerheads with Planetary Resources co-founder Eric Anderson who contends that the actual number of viable asteroids would be closer to one thousand.

Backed by Google executives Larry Page and Eric Schmidt, the company aims to use robots to extract minerals and fuel chemicals from the rocks. Whether mining asteroids in this way will prove to be technologically or economically feasible in the near future however remains to be seen.

Source: BBC News | Comments (8)

Tags: Asteroid, Mining

Recent comments on this story
Comment icon #1 Posted by DieChecker on 14 January, 2014, 2:57
Crud. That was a major point in actually sending people and robot-ships out to explore. That they would be pioneering the way for resource gathering.
Comment icon #2 Posted by GreenmansGod on 14 January, 2014, 13:09
I sent the eleven your old across the street their job application.
Comment icon #3 Posted by Sundew on 14 January, 2014, 14:57
As my late father might have said: "Too much sugar for a dime."
Comment icon #4 Posted by Frank Merton on 14 January, 2014, 15:16
Outer solar system asteroids are another matter and centuries if not further in the future, and they will be mined for water.
Comment icon #5 Posted by paperdyer on 15 January, 2014, 12:52
We can't let spacecraft re-enter the atmosphere with fuel still in them and we are going to be able to bring fuel chemicals through re-entry?????
Comment icon #6 Posted by Frank Merton on 15 January, 2014, 12:59
We can't let spacecraft re-enter the atmosphere with fuel still in them and we are going to be able to bring fuel chemicals through re-entry????? Slight difference between uncontrolled crash and controlled landing.
Comment icon #7 Posted by bassai26 on 17 January, 2014, 11:04
If they can why not?better find alternatives to lessen our consumption.
Comment icon #8 Posted by Socio on 17 January, 2014, 13:32
Crud. That was a major point in actually sending people and robot-ships out to explore. That they would be pioneering the way for resource gathering. I was thinking the Moon would be the best place to start extraterrestrial resource gathering but as luck would have it some environmental groups are already against it, saying due to the moons gravity any mining would cause vast amounts of dust to float up and not settle back down to the ground polluting the moon and rendering it visually unpleasing from the Earth.


Please Login or Register to post a comment.


  On the forums
Saturn's moon Titan has its own sea level
1-19-2018
Just like the oceans here on Earth, Titan's hydrocarbon seas and lakes lie at an average elevation.
'Haunted' painting has sold in New Zealand
1-19-2018
An acrylic painting purchased from an antique store has earned itself something of a haunted reputation.
Mini nuclear reactors could be used on Mars
1-19-2018
The Kilopower project has developed a type of miniature nuclear fission reactor for use on other worlds.
Drone saves swimmers in world-first rescue
1-18-2018
A new lifesaving drone has already proven its worth after rescuing two swimmers off the coast of Australia.
Featured Videos
Gallery icon 
Brian Cox talks to Buzz Aldrin
Posted 1-18-2018 | 1 comment
Professor Brian Cox discusses space travel with legendary astronaut Buzz Aldrin.
 
Typing vs handwriting
Posted 1-16-2018 | 2 comments
Is typing on a computer better or worse for your memory then writing on paper ?
 
Can coding help avoid job automation ?
Posted 1-12-2018 | 0 comments
Taking up coding and technical skills to avoid automation may be counter-productive.
 
 View: More videos
Stories & Experiences
Strange feeling
1-18-2018 | Different places
 
Unexplained voices
1-18-2018 | United States
 
First college apartment
12-31-2017 | Daytona Beach, FL
 
The night my niece was murdered
12-19-2017 | Delhi, Louisiana
 
Mysterious Headlights
12-10-2017 | Morgan County, Alabama
 
Possibly a child ghost
12-10-2017 | Edgewater, Maryland
 
True story about black-eyed kids
12-10-2017 | Portland oregon
 
Alien or paranormal encounter ?
12-10-2017 | United States
 
Ouija board experience
12-10-2017 | Ohio
 

         More stories | Send us your story
 
Top   |  Home   |   Forum   |   News   |   Image Gallery   |  Columns   |   Encyclopedia   |   Videos   |   Polls
UM-X 10.7 Unexplained-Mysteries.com 2001-2017
Privacy Policy and Disclaimer   |   Cookies   |   Advertise   |   Contact   |   Help/FAQ