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News Release 40 - Mining Asteroids
Tuesday, January 1,2002

Mining asteroids will provide untold riches.  Various mining techniques and modes are being evaluated. There are two basic types of asteroids: Iron and Stony.

  • The Asteroid 3554 Amun is an iron asteroid about the size of a typical open-pit mine and has a mass of thirty billion (30,000,000,000) metric tons. Assuming the composition of a typical iron meteorite, the market value based upon values on earth of $20 Trillions.

  • Stony asteroids have contain complex mixtures of fine-gained clays, magnetite, water soluble salts and organic compounds. The volatile gaseous compounds like hydrogen, carbon, oxygen, nitrogen, sulfur, etc can be easily extracted and represent 40 percent, iron-nickel metals make up 30 percent, and the remaining 30 percent is composed of various types of solid residue.

Asteroid can be used a natural sources of material for living in space, manufacturing products, or building future spacecraft and space facilities.


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