science reporter

 An article about Quest for Mining Asteroids Begins can be seen on page 26 of Science Reporter November issue

Sciencereporter AS the Earth's non-renewable resources are fast depleting, scientists and researchers backed by companies and big industries are looking at never before explored avenues  Science reporter even the deep space - to lay their hands on untapped precious resources. In fact, tapping of precious resources like water and other resources like nickel, iron, cobalt, platinum, etc. Science reporter in deep space may form the backbone of future human colonization of space.  This exciting concept of mining resources in deep space has been gaining ground for quite some time. sciencereporter magazine People have been eyeing precious water in the form of billions of tons of water ice on the poles of the moon and other precious resources that our Earth's only satellite holds. Private sciencereporter magazine players like Shackle ton Energy have plans to extract the water on Moon and turn it into rocket fuel and to create fuel stations in Earth's orbit. It aims at putting a team on the Moon within eight years, science reporter magazine provides millions of tones of fuel and water and lay the foundations for space settlement because sourcing water is the first step towards creating a human civilization in space. science journal Now, mining on asteroids which are near our earth's orbit and are known as Near Earth Asteroids (NEAs) is no longer in the realms of science fiction science journal the quest to make it a reality has already begun. The National Aeronautics and Space Administration (NASA) spacecraft Osiris-Rex is already on its way to a 2000-feet wide asteroid named Bennu to find out if it's viable for extracting water and minerals. science journal  Meanwhile, Planetary Resources has become the first private player to embark on the path of commercial deep space exploration by launching its satellite named Arkyd-6 into space on 12 January 2018. Planetary Resource's mission to study mining of prospective asteroids has an Indian connection - ISRO's PSLV C-40 rocket not only successfully launched Arkyd-6 but also thirty other satellites into orbit. sciencereporter magazine subscription  Mining asteroids is striking a bell with big private players and a few countries too. Major prospective asteroid mining players like Planetary Resources and Deep Space Industries, sciencereporter magazine subscription to name a few, backed by investments from China's social media giant Ten Cent Holdings, best known for its popular app We Chat, are going all out to grab the precious resources of the asteroids harboring them. sciencereporter magazine subscription The tiny European country of Luxembourg too believes in this potential. In 2017, Luxembourg's Chamber of Deputies passed a law recognizing the right to space-based resources.