SPACE MINING

Luxemburg passes Space Mining Bill

Scientists believed that asteroid and comets are super rich with precious metals at a much higher proportion that those found on the Earth, presumably making up a market valued in the region of Trillions of Dollars.

Futuristic Asteroids Mining base

Asteroid mining is a space exploration where raw materials(minerals) are exploited from asteroids and other minor planets(Near-Earth Objects) and spent comets(Comets at low speed that had presumably travelled great distance) are sources of space mining.

Since mankind wants to become space compatible species, sustainable resources such as water and some minerals should be trappable from then space as it is economically suicidal to transport things needed for survival in the space from Earth.

Asteroid Mining

The challenges of inaccurate data and finding suitable asteroids for mining and extractions of this ore has limited humans to mining precious metals in the earth crust. A much greater problem is the extreme cost of lunching and transporting this precious stones through space-flights back to earth.

But it is a worthwhile effort as :

Gold

Silver

Palladium

Platinum

Tungsten

Nickel

Aluminium

Manganese

and many more richer precious stones can be mined in abundant from asteroids in orbits.

LUXEMBURG GIVES GO AHEAD

One of the Euro Zone's wealthiest country- Luxemburg has become the first European country to pass mining law into the space. The country been pretty active in the space mining campaign, encouraging companies to set up their European Head Quarters within it's borders.

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Image Source: 1- 2&3

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