Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News
      Digital authoritarianism grows as African states normalise internet blackouts

      Digital authoritarianism grows as African states normalise internet blackouts

      19 December 2025
      Starlink satellite anomaly creates debris in rare orbital mishap

      Starlink satellite anomaly creates debris in rare orbital mishap

      19 December 2025
      TechCentral's South African Newsmakers of 2025

      TechCentral’s South African Newsmakers of 2025

      18 December 2025
      Malatsi buries Post Office's long-dead monopoly

      Malatsi buries Post Office monopoly the market ignored

      18 December 2025
      China races to crack EUV as chip war with the West intensifies

      China races to crack EUV lithography as chip war with the West intensifies

      18 December 2025
    • World
      Trump space order puts the moon back at centre of US, China rivalry - US President Donald Trump

      Trump space order puts the moon back at centre of US, China rivalry

      19 December 2025
      Warner Bros slams the door on Paramount

      Warner Bros slams the door on Paramount

      17 December 2025
      X moves to block bid to revive Twitter brand

      X moves to block bid to revive Twitter brand

      17 December 2025
      Oracle’s AI ambitions face scrutiny on earnings miss

      Oracle’s AI ambitions face scrutiny on earnings miss

      11 December 2025
      China will get Nvidia H200 chips - but not without paying Washington first

      China will get Nvidia H200 chips – but not without paying Washington first

      9 December 2025
    • In-depth
      Black Friday goes digital in South Africa as online spending surges to record high

      Black Friday goes digital in South Africa as online spending surges to record high

      4 December 2025
      Canal+ plays hardball - and DStv viewers feel the pain

      Canal+ plays hardball – and DStv viewers feel the pain

      3 December 2025
      Jensen Huang Nvidia

      So, will China really win the AI race?

      14 November 2025
      Valve's Linux console takes aim at Microsoft's gaming empire

      Valve’s Linux console takes aim at Microsoft’s gaming empire

      13 November 2025
      iOCO's extraordinary comeback plan - Rhys Summerton

      iOCO’s extraordinary comeback plan

      28 October 2025
    • TCS
      TCS+ | Africa's digital transformation - unlocking AI through cloud and culture - Cliff de Wit Accelera Digital Group

      TCS+ | Cloud without culture won’t deliver AI: Accelera’s Cliff de Wit

      12 December 2025
      TCS+ | How Cloud on Demand helps partners thrive in the AWS ecosystem - Odwa Ndyaluvane and Xenia Rhode

      TCS+ | How Cloud On Demand helps partners thrive in the AWS ecosystem

      4 December 2025
      TCS | MTN Group CEO Ralph Mupita on competition, AI and the future of mobile

      TCS | Ralph Mupita on competition, AI and the future of mobile

      28 November 2025
      TCS | Dominic Cull on fixing South Africa's ICT policy bottlenecks

      TCS | Dominic Cull on fixing South Africa’s ICT policy bottlenecks

      21 November 2025
      TCS | BMW CEO Peter van Binsbergen on the future of South Africa's automotive industry

      TCS | BMW CEO Peter van Binsbergen on the future of South Africa’s automotive industry

      6 November 2025
    • Opinion
      Netflix, Warner Bros deal raises fresh headaches for MultiChoice - Duncan McLeod

      Netflix, Warner Bros deal raises fresh headaches for MultiChoice

      5 December 2025
      BIN scans, DDoS and the next cybercrime wave hitting South Africa's banks - Entersekt Gerhard Oosthuizen

      BIN scans, DDoS and the next cybercrime wave hitting South Africa’s banks

      3 December 2025
      Your data, your hardware: the DIY AI revolution is coming - Duncan McLeod

      Your data, your hardware: the DIY AI revolution is coming

      20 November 2025
      Zero Carbon Charge founder Joubert Roux

      The energy revolution South Africa can’t afford to miss

      20 November 2025
      It's time for a new approach to government IT spend in South Africa - Richard Firth

      It’s time for a new approach to government IT spend in South Africa

      19 November 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CambriLearn
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • IQbusiness
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Netstar
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Vodacom Business
      • Wipro
      • Workday
      • XLink
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Financial services
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Satellite communications
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » World » Mining asteroids: going platinum

    Mining asteroids: going platinum

    By Editor29 April 2012
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp
    Precious cargo ... but can it be mined?

    Can reality trump art? That was the question hovering over the launch on 24 April, at the Museum of Flight in Seattle, of a plan by a firm called Planetary Resources to mine metals from asteroids and bring them back to Earth.

    It sounds like the plot of a film by James Cameron — and, appropriately, Cameron is indeed one of the company’s backers. The team behind the firm, however, claim they are not joking.

    The company’s founders are Peter Diamandis, instigator of the X Prize, awarded in 2004 to Paul Allen and Burt Rutan for the first private space flight, and Eric Anderson, another of whose companies, Space Adventures, has already shot seven tourists into orbit. Larry Page and Eric Schmidt, respectively the CEO and the chairman of Google, are also involved. So, too, is Charles Symonyi, the engineer who oversaw the creation of Microsoft’s Office software (and who has been into space twice courtesy of Anderson’s firm). With a cast-list like that, it is at least polite to take them seriously.

    As pies in the sky go, some asteroids do look pretty tasty. A lot are unconsolidated piles of rubble left over from the beginning of the solar system. Many, though, are pieces of small planets that bashed into each other over the past few billion years. These, in particular, will be high on Planetary Resources’ shopping list because the planet-forming processes of mineral-melting and subsequent stratification into core, mantle and crust will have sorted their contents in ways that can concentrate valuable materials into exploitable ores. On Earth, for example, platinum and its allied elements, though rare at the surface, are reckoned more common in the planet’s metal-rich core. The same was probably true of the planets shattered to make asteroids. Indeed, the discovery of a layer of iridium-rich rock (iridium being one of platinum’s relatives) was the first sign geologists found of the asteroid impact that is believed to have killed the dinosaurs.

    Most asteroids dwell between the orbits of Mars and Jupiter. But enough of them, known as near-Earth asteroids, or NEAs, come within interplanetary spitting distance of humanity for it to be worth investigating them as sources of minerals — if, of course, that can be done economically.

    First catch your hare
    The first thing is to locate a likely prospect. At the moment, about 9 000 NEAs are known, most of them courtesy of ground-based programmes looking for bodies that might one day hit Earth. That catalogue is a good start, but Planetary Resources plans to go further. In 2014, it intends to launch, at a cost of a few million dollars, a set of small space telescopes whose purpose will be to seek out asteroids which are easy to get to and whose orbits return them to the vicinity of Earth often enough for the accumulated spoils of a mining operation to be downloaded at frequent intervals.

    That bit should not be too difficult. But the next phase will be tougher. In just over a decade, when a set of suitable targets has been identified, the firm plans to send a second wave of spacecraft out to take a closer look at what has been found. This is a significantly bigger challenge than getting a few telescopes into orbit. It is still, though, conceivable using existing technology. It is after this that the handwaving really starts.

    Broadly, there are two ways to get the goodies back to Earth. The first is to attempt to mine a large NEA in its existing orbit, dropping off a payload every time it passes by. That is the reason for the search for asteroids with appropriate orbits. This approach will, however, require intelligent robots which can work by themselves for years, digging and processing the desirable material. The other way of doing things is for the company to retrieve smaller asteroids, put them into orbit around Earth or the moon, and then dissect them at its leisure. But that limits the value of the haul and risks a catastrophic impact if something goes wrong while the asteroid is being manoeuvred.

    Either way, the expense involved promises to be out of this world. A recent feasibility study for the Keck Institute for Space Studies reckoned that the retrieval of a single 500-tonne asteroid to the moon would cost more than US$2,5bn. Earlier research suggested that, to have any chance of success, an asteroid-mining venture would need to be capitalised to the tune of $100bn. Moreover, a host of new technologies will be required, including more-powerful solar panels, electric-ion engines, extraterrestrial mining equipment and robotic refineries.

    All of which can, no doubt, be done if enough money and ingenuity are applied to the project. But the real doubt over this sort of enterprise is not the supply, but the demand. Platinum, iridium and the rest are expensive precisely because they are rare. Make them common, by digging them out of the heart of a shattered planet, and they will become cheap. The most important members of the team, then, may not be the entrepreneurs and venture capitalists who put up the drive and the money, nor the engineers who build the hardware that makes it all possible, but the economists who try to work out the effect on the price of platinum when a mountain of the stuff arrives from outer space.  — (c) 2012 The Economist



    Charles Symonyi Eric Schmidt Google James Cameron Larry Page Peter Diamandis Planetary Resources X Prize
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleDigital archiving: history flushed
    Next Article Can analytics help reduce rugby injuries?

    Related Posts

    TechCentral's International Newsmakers of 2025

    TechCentral’s International Newsmakers of 2025

    17 December 2025
    OpenAI launches GPT-5.2 after 'code red' push to counter Google. Shelby Tauber/Reuters

    OpenAI launches GPT-5.2 after ‘code red’ push to counter Google

    12 December 2025
    What South Africans searched for most in 2025

    What South Africans searched for most in 2025, according to Google

    4 December 2025
    Company News
    Why TechCentral is the most powerful platform for reaching IT decision makers

    Why TechCentral is the most powerful platform for reaching IT decision makers

    17 December 2025
    Business trends to watch in 2026 - Domains.co.za

    Business trends to watch in 2026

    17 December 2025
    MTN Zambia launches world's first 4G cloud smartphone solution - Huawei

    MTN Zambia launches world’s first 4G cloud smartphone solution

    17 December 2025
    Opinion
    Netflix, Warner Bros deal raises fresh headaches for MultiChoice - Duncan McLeod

    Netflix, Warner Bros deal raises fresh headaches for MultiChoice

    5 December 2025
    BIN scans, DDoS and the next cybercrime wave hitting South Africa's banks - Entersekt Gerhard Oosthuizen

    BIN scans, DDoS and the next cybercrime wave hitting South Africa’s banks

    3 December 2025
    Your data, your hardware: the DIY AI revolution is coming - Duncan McLeod

    Your data, your hardware: the DIY AI revolution is coming

    20 November 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Latest Posts
    Digital authoritarianism grows as African states normalise internet blackouts

    Digital authoritarianism grows as African states normalise internet blackouts

    19 December 2025
    Starlink satellite anomaly creates debris in rare orbital mishap

    Starlink satellite anomaly creates debris in rare orbital mishap

    19 December 2025
    Trump space order puts the moon back at centre of US, China rivalry - US President Donald Trump

    Trump space order puts the moon back at centre of US, China rivalry

    19 December 2025
    TechCentral's South African Newsmakers of 2025

    TechCentral’s South African Newsmakers of 2025

    18 December 2025
    © 2009 - 2025 NewsCentral Media
    • Cookie policy (ZA)
    • TechCentral – privacy and Popia

    Type above and press Enter to search. Press Esc to cancel.

    Manage consent

    TechCentral uses cookies to enhance its offerings. Consenting to these technologies allows us to serve you better. Not consenting or withdrawing consent may adversely affect certain features and functions of the website.

    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    • Manage options
    • Manage services
    • Manage {vendor_count} vendors
    • Read more about these purposes
    View preferences
    • {title}
    • {title}
    • {title}