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Riches in the Sky: The Promise of Asteroid Mining
Associated Content (By way of http://curmudgeons.blogspot.com/) ^ | Nov 15, 2005 | Mark Whittington

Posted on 11/16/2005 2:55:16 PM PST by tricky_k_1972

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Most people, when they think of the future of space exploration, imagine returning to the Moon and going to Mars, eventually to build settlements on those two worlds. But the real incentive that will drive humankind to spread beyond this planet may not necessarily lay on large, celestial bodies like the Moon or Mars. The real wealth to be had beyond the boundaries of this Earth may lay in the lay in the tiniest parts of the Solar System, in asteroids.

*Snip*

Scientists have identified about two hundred Earth approaching asteroids, that is to say bodies which intersect the orbit of the Earth at one time or another. These would be convenient targets for asteroid mining expeditions as they would be readily accessible from Earth, The downside is that such asteroids have been the cause of a number of mass extinctions when they have impacted on Earth, such as the asteroid that landed near the Yucatan sixty five or so million years ago and killed the dinosaurs.

Riches in the Sky

To get an idea of just how much wealth is to be had from asteroids, one can examine 3554 Amun, a mile wide lump of iron, nickel, cobalt, platinum, and other metals that has an orbit closely resembling that of Earth's. Though it is one of the smallest known metallic asteroids, 3554 Amun c

ontains thirty times as much metal as has ever been mined by human beings in the history of Earth. It's value, at current prices and if mined slowly to keep commodity prices level, is estimated to be 20 trillion dollars.

Other types of asteroids can be sources of materials scientists call volatiles, namely oxygen, carbon, nitrogen, and so on that are necessary to sustain human life. These materials would make could export commodities for lunar and other settlements. Some have even envisioned mining comets, which are essentially lumps of frozen water and other materials, to feed the needs of space settlements.

How to Mine an Asteroid

A space ship proposing to mine an asteroid would immediately encounter one major problem. Most asteroids tumble at a great rate, complicating any mining operations. Rockets would have to be attached to the asteroid to slow the tumbling before mining could commence.

Since asteroids have little gravity to speak of, one would not so much land on an asteroid as dock with it. This would be accomplished with harpoon-like devices that would be attached to cables. The harpoons would penetrate the asteroid and the cables would winch the mining equipment to the asteroid.

There are two methods for mining an asteroid, roughly analogous to mining methods on Earth. These would be strip mining and shaft mining.

To strip mine an asteroid, a digging machine would slice into the surface using a blade. Because a large amount of loose material would result, some kind of canopy would have to be deployed to contain it and prevent it from interfering with the mining operations.

Shaft mining would involve digging a shaft into the asteroid and following the veins of valuable ore. Some kind of transportation device would have to be deployed to convey the mined ore from the end of the shaft to a processing facility.

Whatever method is used to extract material from an asteroid, some kind of habitat would have to be built nearby to sustain the human crew. While a great part of asteroid mining would be automated, humans will still have to be on hand for troubleshooting and maintenance. Once extracted, material will have to be transported, either to a lunar or Mars colony, or perhaps a micro gravity factory in Earth orbit, for processing and fabrication into useful products, building materials, and even consumables like oxygen and water.

It takes a low deltaV (i.e. the cost of changing velocity) to reach an near Earth asteroid from low Earth orbit or, say, the Moon as opposed to that required to travel from the Earth's surface to Earth orbit or the Moon. Hence mining asteroids and transporting the material to facilities in Earth orbit or on the Moon is an attractive alternative to bringing such from the Earth. This is especially true if one uses rocket fuel mined at the asteroid itself to return material.

What are the potential markets for materials mined from asteroids? Human settlements on the Moon or Mars could use a source of industrial materials (i.e. iron, silicon, etc) and consumables (i.e. water, oxygen, etc) that are readily accessible. Factories in low Earth orbit, manufacturing high value pharmaceuticals, semiconductors, ultra-pure crystals, and exotic alloys, would also be a potential market. Asteroid materials could be used for building large scale facilities in space, such as solar power stations. Some high valued material, such as platinum group metals, would be useful for applications on Earth, such as building hydrogen fuel cells.

Asteroid Mining and the Future of Space Exploration

Asteroid mining could be a key component in providing an economic incentive for space exploration. Thus far, people who have been advocates of space exploration have emphasize science or intangible benefits such as political prestige. But if it can be shown that there are economic benefits to space exploration, the creation of new products fueled by asteroid materials, say, and the facilitation of the human settlement of the Moon and Mars, then the arguments for investing money for space become so much more potent. Centuries ago, explorers went to the New World of the Americas for "God, glory, and gold." There are no aliens elsewhere in the Solar System to convert and we are in any case too enlightened to try. Glory, in the form of science or political prestige, may be insufficient in an era of budget deficits and Earthly concerns, to justify spending a lot of money on space exploration. But there is indeed gold in those hills flying in the heavens. And such may be the spur that takes humanity to the stars.


TOPICS: Business/Economy; Culture/Society; Government; Technical
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Lengthy article, well written and very easy to understand for those not normally interested in such things.
1 posted on 11/16/2005 2:55:18 PM PST by tricky_k_1972
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To: KevinDavis; Frank_Discussion; unibrowshift9b20; RightWhale; El Sordo; SauronOfMordor; ...

Space Ping! If you want on or off this list please Freepmail me.
My Home Page

2 posted on 11/16/2005 2:55:46 PM PST by tricky_k_1972 (Putting on Tinfoil hat and heading for the bomb shelter.)
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To: tricky_k_1972

Not to mention Kofi Annan that would have something to say about mining the moon or Mars..............


3 posted on 11/16/2005 2:58:40 PM PST by fishtank
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To: tricky_k_1972
Nothing new in this report. von Braun spoke of this resouce in the early 50s. He stated that if a 1 mile diameter metallic asteroid were mined for its iron ore and nickle ore you would have a 500 year supply of stainless steel.

BTW if the steel is manufactured in orbit it's crystalline structure can be maintained in such a fashion that a steel beam 1 foot wide might only be one half foot wide. Bridge girders in space for earth applications.

If we prepare to contact and divert the 2029 asteroid into an earth centric orbit we've got our next Mesabi Range!

4 posted on 11/16/2005 3:01:32 PM PST by Young Werther
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To: tricky_k_1972
And the key to successful operations is to have a good mechanic, a "companion", a shepherd, a doctor, and a couple of folks good with weapons on your crew -- not to mention a passenger with impressive psychic abilities.

5 posted on 11/16/2005 3:01:33 PM PST by VRWCmember (hard-core, politically angry, hyperconservative, and loaded with vitriol about everything liberal.)
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To: tricky_k_1972
Well, assuming Earth core at the same metallic composition as that asteroid, it would be worth 3x1020 dollars - why, it would contain several hundred metric tons of platinum alone for every earthling.
6 posted on 11/16/2005 3:01:55 PM PST by GSlob
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To: fishtank

As it has been explained to me, by several more knowledgeable on the topic of Space law than I am, mined products are the property of those whom mine them, hence when we brought back the moon rocks they were ours.


7 posted on 11/16/2005 3:04:46 PM PST by tricky_k_1972 (Putting on Tinfoil hat and heading for the bomb shelter.)
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To: VRWCmember
Great. Time for me to stand on the roof and curse the day certain Fox executives crawled forth from the slime which spawned them.

"You know what the chain of command is? It's the chain I go get and beat you with until you understand who's in ruttin' command here."

8 posted on 11/16/2005 3:07:10 PM PST by KarlInOhio (We were promised someone in the Scalia/Thomas mold. Let's keep it going with future nominees.)
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To: KarlInOhio

If you didn't rent or buy the series on DVD, then you might not have seen enough episodes to recognize the next quote: "Jayne, my days of not taking you seriously are definitely coming to a middle." That was one of my favorite quotes by Mal.


9 posted on 11/16/2005 3:11:41 PM PST by VRWCmember (hard-core, politically angry, hyperconservative, and loaded with vitriol about everything liberal.)
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To: tricky_k_1972
To get an idea of just how much wealth is to be had from asteroids, one can examine 3554 Amun, a mile wide lump of iron, nickel, cobalt, platinum, and other metals that has an orbit closely resembling that of Earth's. Though it is one of the smallest known metallic asteroids, 3554 Amun contains thirty times as much metal as has ever been mined by human beings in the history of Earth.

Can this possibly be right? Concerning platinum, if the amount on the asteroid is significant, I could see that this would be right. But iron? We haven't mined enough iron in the history of the world to make one thirtieth of a ball one mile in diameter? I think there is that much steel on Manhattan alone.

10 posted on 11/16/2005 3:12:39 PM PST by Rocky (Air America: Robbing the poor to feed the Left)
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To: Young Werther

I predict you'll never, ever, see any asteroid mined.

Economics are simply not there. We've never really truly run out of a mineral on earth (I think the one you could realistically make a case for is Silver in the future) and it's ALWAYS going to be cheaper to simply dig deeper or go through the tailings again and recover what you can on earth, for a given mineral, than to mine an asteroid.


11 posted on 11/16/2005 3:13:25 PM PST by Strategerist
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To: KarlInOhio

Actually, I'm glad that I never watched the series when it was on the air. If I had, I would have been immensely pissed off when they canceled after only four or five episodes. The idiots at Fox don't recognize quality programming. They cancelled "Tru Calling" which was probably the second-best series they had broadcast (after Firefly) barely into the second season. Most likely they will kill off the new series "Bones" before it gets a chance to get established too.


12 posted on 11/16/2005 3:14:10 PM PST by VRWCmember (hard-core, politically angry, hyperconservative, and loaded with vitriol about everything liberal.)
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To: tricky_k_1972

That's fine. Asteroid mining is feasible in economic terms right now. But not the way they propose in the article. None of the technical solutions I have seen make any business sense at all.


13 posted on 11/16/2005 3:19:53 PM PST by RightWhale (Repeal the law of the excluded middle)
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To: fishtank

Kofi Annan has nothing to say about this, nor has his non-gov organization, the UN. The 1967 UN Outer Space Treaty governs.


14 posted on 11/16/2005 3:21:33 PM PST by RightWhale (Repeal the law of the excluded middle)
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To: tricky_k_1972
Excellent read!
15 posted on 11/16/2005 3:21:59 PM PST by Lancer_N3502A
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To: tricky_k_1972

Man, that strip mining ruins the nearby property values.


16 posted on 11/16/2005 3:22:06 PM PST by fat city ("The nation that controls magnetism controls the world.")
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To: Strategerist

The actual stopper is legal. Economically, it is feasible.


17 posted on 11/16/2005 3:22:45 PM PST by RightWhale (Repeal the law of the excluded middle)
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To: tricky_k_1972

If you mine, don't you also change the mass of the asteroid, and subsequently its orbit? Also, as mentioned, even with high-value metals, the cost of returning them for use on earth is break-even at best (and thus an awful lot of effort to go through). Using the metals in orbital manufacturing (and returning the finished products down the gravity well) is a little better, and use for extraterrestrial construction or actual use in space is slightly into the plus column due to the cost of lofting such materials into orbit.


18 posted on 11/16/2005 3:23:04 PM PST by Little Pig (Is it time for "Cowboys and Muslims" yet?)
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To: RightWhale
Economically, it is feasible.

I very, very, very, very seriously doubt that.

I'll start a company to start extracting stuff from really low grade ore, or previous mining operations, or just go REALLY REALLY deep on earth, and I'll do it cheaper than doing it from an Asteroid every single time.

19 posted on 11/16/2005 3:25:27 PM PST by Strategerist
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To: Little Pig
you also change the mass of the asteroid, and subsequently its orbit

America has lost its technological edge. Don't they teach physics anymore?

20 posted on 11/16/2005 3:25:27 PM PST by RightWhale (Repeal the law of the excluded middle)
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