mining

Why Mine Asteroids?

You may have heard that earlier this week a consortium of billionaires has started a company called Planetary Resources to mine the asteroids. If you’re wondering why, consider this: How much useful material is out there is astonishing. A famous 1997 publication, “Mining the Stars,” suggested that at that year’s prices, a small metallic asteroid […]

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Mining the Seabed for Gold

The Guardian: A “new frontier” in mining is set to be opened up by the underwater extraction of resources from the seabed off the coast of Papua New Guinea, despite vehement objections from environmentalists and local activists. Canadian firm Nautilus Minerals has been granted a 20-year licence by the PNG government to commence the Solwara

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Why Mine Asteroids?

You may have heard that earlier this week a consortium of billionaires has started a company called Planetary Resources to mine the asteroids. If you’re wondering why, consider this: How much useful material is out there is astonishing. A famous 1997 publication, “Mining the Stars,” suggested that at that year’s prices, a small metallic asteroid

Why Mine Asteroids? Read More »

Mining the Asteroids?

Are Google executives Larry Page and Eric Schmidt, (Avatar and Titanic) director James Cameron, and Ross Perot Jr starting a company to mine asteroids? It sounds like it. Their new company promises to: overlay two critical sectors – space exploration and natural resources – to add trillions of dollars to the global GDP. This innovative

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