What is Asteroid Mining?

Asteroid mining is the exploitation of raw materials from asteroids and other minor planets, including near-Earth objects.

Minerals can be mined from an asteroid or spent comet then used in space for construction materials or taken back to Earth.

These include goldiridiumsilverosmiumpalladiumplatinumrheniumrhodiumruthenium and tungsten for transport back to Earth; ironcobaltmanganesemolybdenumnickelaluminium, and titanium for construction.

Due to the high launch and transportation costs of spaceflight, inaccurate identification of asteroids suitable for mining, and in-situ ore extraction challenges, terrestrial mining remains the only means of raw mineral acquisition today. If space program funding, either public or private, dramatically increases, this situation is likely to change in the future as resources on Earth are becoming increasingly scarce and the full potentials of asteroid mining—and space exploration in general—are researched in greater detail.[1]:47f However, it is yet uncertain whether asteroid mining will develop to attain the volume and composition needed in due time to fully compensate for dwindling terrestrial reserves.[2][3][4]

Potential targets for Asteroid Mining

According to the Asterank database, the following asteroids are considered the best targets for mining if maximum cost-effectiveness is to be achieved:

Asteroid

Est. Value (US$)

Est. Profit (US$)

Δv (km/s)

Composition

Ryugu

95 billion

35 billion

4.663

Nickel, iron, cobalt, water, nitrogen, hydrogen, ammonia

1989 ML

14 billion

4 billion

4.888

Nickel, iron, cobalt

Nereus

5 billion

1 billion

4.986

Nickel, iron, cobalt

Didymos

84 billion

22 billion

5.162

Nickel, iron, cobalt

2011 UW158

8 billion

2 billion

5.187

Platinum, nickel, iron, cobalt

Anteros

5570 billion

1250 billion

5.439

Magnesium silicate, aluminum, iron silicate

2001 CC21

147 billion

30 billion

5.636

Magnesium silicate, aluminum, iron silicate

1992 TC

84 billion

17 billion

5.647

Nickel, iron, cobalt

2001 SG10

4 billion

0.6 billion

5.880

Nickel, iron, cobalt

2002 DO3

0.3 billion

0.06 billion

5.894

Nickel, iron, cobalt

NASA | OSIRIS-REx Investigates Asteroid Bennu

OSIRIS-REx will visit a Near Earth asteroid called Bennu and return with samples that may hold clues to the origins of the solar system and perhaps life itself. It will also investigate the asteroid’s chance of impacting Earth in 2182. For the mission, NASA has selected the team led by Principal Investigator Dr. Dante Lauretta from the University of Arizona.

NASA GSFC will manage the mission and Lockheed Martin Space Systems will build the spacecraft. Arizona State University will supply the OTES instrument; NASA GSFC will supply the OVIRS instrument; the Canadian Space Agency will supply the OLA instrument; the University of Arizona will supply the OCAMS camera suite; Harvard/MIT will supply the REXIS instrument; and Flight Dynamics will supply the KinetX instrument.

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