Asteroid Mining

In 1848, at Sutter’s Creek, California, gold dust was discovered and the rush for gold was on. Within a year, 100,000 people migrated to California with the hope of striking it rich. In 1896, Rabbit Creek, in the Klondike Valley of the Yukon Territories was the scene of another golden discovery. According to The Last Best West, a prospector found a gold nugget and the ensuing Klondike Gold Rush drew 100,000 pilgrims to the gold fields of Canada.

Courtesy Google Images

In May, 2003, the Japanese launched a meteor probe named Hayabusa. It collected granules of meteoroid dust from the asteroid Itokawa and returned to earth with its space dust in June, 2010.

I think this mission was important for a couple of reasons. It gave scientists a glimpse of the composition of an asteroid and it proved that a space craft could land on and return from an asteroid. In 2016, NASA plans to send an unmanned rocket to an asteroid. The Telegraph reports that astronauts have begun training for a manned mission to an asteroid.

The significance to the gold rush? Asteroids could contain a host of precious metals and a group of business people have proposed mining asteroids. ABC News reports that Planetary Resources, Inc has a vision of collecting precious metals and water from space. Co-founder Eric Anderson said, "If you believe it's important to have continued prosperity for future generations, we need resources from somewhere."

The proposition won’t be cheap but these folks have the backing of some high rollers such as Larry Page, co-founder and CEO of Google and Eric Schmidt, Google's executive chairman.

I think it would be cool to mine asteroids; as long as we don't abandon manned space flight. What do you think; will this lead to a rush for metal ores in the great vacuum of space?