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James Cameron and Google’s mission to mine precious minerals from asteroids ‘could add trillions to world’s wealth’ – and it will launch in two years.

UK Daily Mail
April 24, 2012

Google chiefs Larry Page and Eric Schmidt and filmmaker James Cameron are bankrolling a venture to extract precious metals such as platinum from asteroids that orbit near Earth.

Planetary Resources, based in Bellevue, Washington, initially will focus on developing and selling extremely low-cost robotic spacecraft for surveying missions, the company announced today.

A demonstration mission in orbit around Earth is expected to be launched within two years, said company co-founders Peter Diamandis and Eric Anderson.

Within five to 10 years, however, the company expects to progress from selling observation platforms in orbit around Earth to prospecting services.

It plans to tap some of the thousands of asteroids that pass relatively close to Earth and extract their raw materials.

A 98-foot asteroid can hold as much as  $50 billion worth of platinum (£31 billion) at today’s prices, said a company spokesperson.

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This article was posted: Tuesday, April 24, 2012 at 3:21 am

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