From: UFO UpDates - Toronto <post.nul> Date: Sun, 22 Apr 2012 10:52:54 -0400 Archived: Sun, 22 Apr 2012 10:52:54 -0400 Subject: A Quixotic Quest to Mine Asteroids Source: The Wall Street Journal http://tinyurl.com/7buextv April 20, 2012 A Quixotic Quest to Mine Asteroids By Amir Efrati A new company backed by two Google Inc. billionaires, film director James Cameron and other space exploration proponents is aiming high in the hunt for natural resources - with mining asteroids the possible target. The venture, called Planetary Resources Inc., revealed little in a press release this week except to say that it would "overlay two critical sectors - space exploration and natural resources - to add trillions of dollars to the global GDP" and "help ensure humanity's prosperity." The company is formally unveiling its plans at an event Tuesday in Seattle. While the announcement may cause some people to snicker at what could be a page out of a sci-fi novel or a Hollywood movie scene, Planetary Resources is making its debut just as scientists at the National Aeronautics and Space Administration and other groups are embracing the notion of mining "near-Earth asteroids" and providing blueprints for how such a feat would be accomplished. The possibility of extracting raw materials such as iron and nickel from asteroids has been discussed for decades, but the cost, scientific expertise and technical prowess of fulfilling such as feat have remained an obstacle. NASA experts have projected it could cost tens of billions of dollars and take well over a decade to land astronauts on an asteroid. Tuesday's event is being hosted by Peter H. Diamandis and Eric Anderson, known for their efforts to develop commercial space exploration, and two former NASA officials. [More at site - thanks to Diana Cammack for the lead] Listen to 'Strange Days... Indeed' - The PodCast At: http://www.virtuallystrange.net/ufo/sdi/program/ These contents above are copyright of the author and UFO UpDates - Toronto. They may not be reproduced without the express permission of both parties and are intended for educational use only.
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