Asteroid Mining
. In addition to iron and nickel there is thought to be gold an platinum in some asteroids. Asteroids were formed in much the same way as the Earth, so it only makes sense that they contain many of the same minerals and raw ores as the Earth. In the future, miners will be asteroid mining.
Asteroids are classed in three types: More than 75% of them are C-type which are very much like the Sun, but less volatile. Then there are the S-type which contain iron, nickel, and magnesium for sure, but may also contain gold and platinum. Lastly, there are the M-type which contain iron and nickel. Astronomers know all of this by using telescopic spectroscopy, which analyzes light reflected from the asteroidÂ’s surface, to find out what might be there. They also know that there is water and trapped oxygen on or in some of these asteroids. Asteroid mining would only be possible if miners could take advantage of the oxygen and water there. There is no other way to make a profit or carry all of the supplies that you would need for a long term project.
Water discovered on second asteroid, may be even more common
Water ice on asteroids may be more common than expected, according to a new study that is being presented at the world's largest gathering of planetary scientists.
"This discovery suggests that this region of our solar system contains more water ice than anticipated," said University of Central Florida Professor Humberto Campins. "And it supports the theory that asteroids may have hit Earth and brought our planet its water and the building blocks for life to form and evolve here.
Asteroids
Near-Earth asteroids, or NEA's, are asteroids that have orbits that pass close to that of Earth. Asteroids that actually cross the Earth's orbital path are known as Earth-crossers. As of May 2010, 7,075 near-Earth asteroids are known and the number over one kilometre in diameter is estimated to be 500–1,000.
It has been suggested that asteroids might be used as a source of materials that may be rare or exhausted on earth (asteroid mining), or materials for constructing space habitats (see Colonization of the asteroids). Materials that are heavy and expensive to launch from earth may someday be mined from asteroids and used for space manufacturing and construction.
Colonization of the asteroids
Low gravity simplifies construction technologies (such as cranes) and reduces structural strength requirements
Large number of possible sites, with over 300,000 asteroids identified to date
Asteroids' chemical composition varies (see asteroid spectral types), providing a variety of materials usable in building and fueling spacecraft and space habitats. The Trojan asteroids, in Jupiter's orbit, may be primarily extinct comets.
Some Earth-crossing asteroids require less energy (delta-V) to reach from Earth than the Moon.
Material mined from asteroids could be a basis for a trade economy.
Low gravity significantly eases transportation of cargo to and from asteroids.
High surface/volume ratio enables effective exploration and exploitation of mineral resources and provides maximal portion of useful building ground on the surface and underground.
High vacuum and low gravity would facilitate the evolution of some hi-tech industries such as material engineering and physical electronics (crystal growth, epitaxy).
Many asteroids (especially the extinct comet cores) contain large amounts (more than 5% of total composition) of volatiles and carbon, which are necessary for life support.
Isaac Asimov pointed out the advantage of building cities inside hollowed out asteroids, since the volume of all the asteroids put together is a great deal more than that of a mile-high building covering the Earth would be, and thus could accommodate a large population.
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Gotta love the right wing. They love to say "can't".