Posted on

NEW VENTURE PLANS TO MINE ASTEROIDS FOR MINERALS

Do asteroids passing near Earth have minerals worth mining for?

A new investment from famous director James Cameron and friends, Google’s chief executive Larry Page and its executive chairman Eric Schmidt have given themselves the lofty goal of mining asteroids that come near Earth for precious minerals.

BBC News writes:

Details have been emerging of the plan by billionaire entrepreneurs to mine asteroids for their resources.

The multi-million-dollar plan would use robotic spacecraft to squeeze chemical components of fuel and minerals such as platinum and gold out of the rocks.

The founders include film director and explorer James Cameron as well as Google’s chief executive Larry Page and its executive chairman Eric Schmidt.

They even aim to create a fuel depot in space by 2020.

However, several scientists have responded with scepticism, calling the plan daring, difficult and highly expensive.

Read more at bbc.co.uk