Home > Terms > English (EN) > asteroid mining

asteroid mining

Asteroid mining is the process of extracting raw materials such as platinum and titanium metals from near-Earth asteroids and small planets for commercial use either in space projects or on earth. Sometimes referred to as in-situ resource utilization, asteroid mining can also be used to mine water from asteroids and use it as fuel for spacecrafts and drinking water for astronauts living in space. Asteroid mining is made feasible by the latest development in space exploitation technology as well as strong demand for hard-to-find elements that are vital for the manufacturing of modern electronics and other high tech products.

Planetary Resources, a company backed by filmmaker James Cameron, Google co-founder Larry Page and others, announced plans on April 23, 2012 to launch a line of spacecraft to prospect, and eventually extract minerals from, near-Earth asteroids.

0
  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Mining
  • Category: Space mining
  • Company:
  • Product:
  • Acronym-Abbreviation:
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Billy Morgan

Sports; Snowboarding

The British snowboarder Billy Morgan has landed the sport’s first ever 1800 quadruple cork. The rider, who represented Great Britain in the 2014 Winter Olympics in Sochi, was in Livigno, Italy, when he achieved the man-oeuvre. It involves flipping four times, while body also spins with five complete rotations on a sideways or downward-facing axis. The trick ...

Marzieh Afkham

Broadcasting & receiving; News

Marzieh Afkham, who is the country’s first foreign ministry spokeswoman, will head a mission in east Asia, the state news agency reported. It is not clear to which country she will be posted as her appointment has yet to be announced officially. Afkham will only be the second female ambassador Iran has had. Under the last shah’s rule, Mehrangiz Dolatshahi, a ...

Weekly Packet

Language; Online services; Slang; Internet

Weekly Packet or "Paquete Semanal" as it is known in Cuba is a term used by Cubans to describe the information that is gathered from the internet outside of Cuba and saved onto hard drives to be transported into Cuba itself. Weekly Packets are then sold to Cuban's without internet access, allowing them to obtain information just days - and sometimes hours - after it ...

Asian Infrastructure Investment Bank (AIIB)

Banking; Investment banking

The Asian Infrastructure Investment Bank (AIIB) is an international financial institution established to address the need in Asia for infrastructure development. According to the Asian Development Bank, Asia needs $800 billion each year for roads, ports, power plants or other infrastructure projects before 2020. Originally proposed by China in 2013, a signing ...

Spartan

Online services; Internet

Spartan is the codename given to the new Microsoft Windows 10 browser that will replace Microsoft Windows Internet Explorer. The new browser will be built from the ground up and disregard any code from the IE platform. It has a new rendering engine that is built to be compatible with how the web is written today. The name Spartan is named after the ...

Featured Terms

Silentchapel
  • 0

    Terms

  • 95

    Blossaries

  • 10

    Followers

Industry/Domain: Fitness Category: Diet

Atkins diet

The Atkins Diet, officially called the Atkins Nutritional Approach, is a low-carbohydrate diet promoted by Robert Atkins from a research paper he read ...