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NASA says space mining can solve climate change, food security and other Earthly issues

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Lucas Castillo
Nov 04, 2016 06:30
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The Arkyd 100 A100 small satellite used by Planetary Resources to gather compositional data of asteroids during prospecting missions.

Space mining is a reality, so the public and private sector need to collaborate, not compete, to advance humanity, a top NASA official told CNBC on Friday.

Alongside tourism, mining is a major hot-button area of research in the multi-billion dollar space industry.

Asteroids are rich with minerals that are rare on Earth.

One platinum-rich 500 metre-wide asteroid could contain about 174 times the world s yearly output of the metal, and 1.5 times the known global reserves of platinum-group metals, according to US firm Planetary Resources, one of the major asteroid mining players.

The hope is that asteroids near Earth can become developed into mining centres that can send refined materials, rare metals and even clean energy to Earth, Jose Cordeiro, NASA s energy advisor, told CNBC.

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Lucas Castillo
Nov 04, 2016 06:30
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