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The costs run high and the returns are not immediate but extraterrestrial mining is now within the realms of the probable. Beyond gaining access to precious commodities, many in the space industry see such ventures as leading to further exploration of outer space.
In this week's Q&A on the ABC, the American cosmologist Neil deGrasse Tyson gushed about the prospects of mining in space, and the benefits that might affo.
While many still see space mining as science fiction, the development of a resources industry and manufacturing supply chain out off-Earth is both plausible and beneficial, according to former NASA researcher and current University of Central Florida professor Dr. Phil Metzger.
Besides, says this geologist, the Cardasian pirates are also lurking out there, ready to steal "mineral cargo" that's never been established. Sounds like two strikes against this venture already. Let me understand, NASA says we can go out there to mine but we don't know what's there or where out there is. That's typical government for you.
In an extensive proposal released earlier this month, the academic — whose work at NASA included developing Lunar and Martian architecture — says that the main challenge for mining near-Earth celestial bodies is neither technology nor cost, but simply “convincing people it is realistic.”
The researcher even describes a three-stage plan to achieve what he calls a Self-sufficient Replicating Space Industry, or SRSI, in which mainly robotic mining operations would extract resources that would be transformed into useful goods at robotic manufacturing facilities located out of this world.
Geologists believe asteroids are packed with iron ore, nickel and precious metals at much higher concentrations than those found on Earth, making up a market valued in the trillions of dollars.
Not only private companies are planning to mine celestial bodies. Governments have joined the race too — US President Barack Obama signed a law in November granting American citizens rights to own resources mined in space. Shortly after, Luxembourg inked a deal with two US space research companies, in an effort to become a global centre for asteroid mining.
Yes some asteroids contain primitive solar system remnants that contain high concentrations of certain metals. It is this concentration of metals that helps distinguish an extraterrestrial occurrence from a terrestrial occurrence on Earth - these occurrences (relatively rare) are our best glimpse of asteroid composition.
You hit the nail on the head with your last comment. NASA has done some great research for certain industries, but mining isn't one of them. Transportation costs as we speak are often the death knell for many mining projects right here on earth. I would welcome Dr. Metzger to reconsider logistical costs of any space mining endeavour, if he has at all in the first place.
Perhaps he can shout down the hall to other NASA academics who have certainly provided their own influences on "weather" alternative energy methods are also economically feasible.