Two nearby asteroids found with more precious metals than Earth’s entire global supply

The precious metals on asteroid 1986 DA, compared to the world's reserves

Capitalism in space: Astronomers have now identified two metal-rich asteroids in orbit near the Earth, with one having a precious metal content that likely exceeds the Earth’s entire reserves.

From the paper’s conclusion:

We estimated that the amounts of Fe, Ni, Co, and the PGM present in 1986 DA could exceed the reserves worldwide. Moreover, if 1986 DA is mined and the metals marketed over 50 yr, the annual value of precious metals for this object would be ∼$233 billion.

The graphic to the right, figure 13 from the paper, illustrates the amount of precious metals available in asteroid 1986 DA, compared to the world’s entire reserves (FE=iron, Ni=nickel, Co=cobalt, Cu=copper, PGM=platinum group metals, Au=gold). From this single metal asteroid a mining operation could literally double the metal that had been previously mined on Earth.

In estimating the value of these metals, the paper tries to account for the certain drop in price caused by the flooding of so much material into the market. It is a guess however. What is clear is that this asteroid could easily serve as a supply house not for Earth but for all future colonies in space. While expensive for Earth use, for colonies already in space the material would be relatively easy to reach and mine. The colonies will already have the transportation infrastructure, since they couldn’t exist without rockets and interplanetary spacecraft. And mining and processing this asteroid material will be far easier and cheaper than trying to find it on Mars and then process it.

Asteroid 1986 DA is estimated to be about 1.7 miles across, based on radar data obtained during a close Earth fly-by in 2019. The second asteroid, 2016 ED85, appears to have a similar content from spectroscopy, but no radar data has as yet been obtained of it, so much less is known.

Beals Science – Resurrecting a carbide lamp

An evening pause: Long time cavers are very familiar with the carbide lamp, as it was used routinely until around 1998, when LED lights arrived and finally superseded it.

Until then, the advantage of a carbide light was the quality of the light it produced, a soft bright glow rather than the harsh reflective rings produced by older electric lights.

The disadvantage however was the endless fiddling required to keep them working. For example, near the end of this video when he finally gets the light to work, he turns up the water flow to brighten the light. I guarantee that very soon the light would go out, as he was flooding the carbide. The water drip had to be precisely right. Too slow and not enough gas. Too fast and too much water.

I personally hated carbide lights because of that fiddling, especially because lamps made after 1970 were junk and didn’t work well. Most cavers who used carbide would scour yard sales to find old lights like this one, as older carbide lamps were made well and would work reliably.

Hat tip Jeff Poplin.

Want to earn a college degree in mining in space? You can!

Capitalism in space: Link here.

Classes begin Aug. 20 for the first 35 students enrolled in the program. With courses held online, students around the world can earn a post-baccalaureate certificate, master’s degree, or doctorate focused on finding and pulling resources from space.

Many asteroids and nearby planets contain rare platinum-group metals and industrial metals like iron and nickel that are needed for building exploration infrastructure. Right now, though, the most sought-after resource in space is one that is actually quite abundant on the Blue Planet. “If you think about it, water in space would be the oil of space, because that is going to power and transport, give us energy, enable the whole space economy and allow us to keep going further and further,” Abbud-Madrid said. “Such an elemental product as water would be the first one we go after.”

It can be argued that this is premature. It can also be argued that the time is coming, and knowing more about the resources in space can be an advantage in the competitive free market.

Hat tip Robert Pratt of Pratt on Texas.

New study finds fracking does not contaminate drinking water

The uncertainty of science: A new study, using data from more than 11,000 drinking water wells in northern Pennsylvania, has found no evidence that fracking causes contamination.

The new study of 11,309 drinking water wells in northeastern Pennsylvania concludes that background levels of methane in the water are unrelated to the location of hundreds of oil and gas wells that tap hydraulically fractured, or fracked, rock formations. The finding suggests that fracking operations are not significantly contributing to the leakage of methane from deep rock formations, where oil and gas are extracted, up to the shallower aquifers where well water is drawn.

The result also calls into question prominent studies in 2011 and 2013 that did find a correlation in a nearby part of Pennsylvania. There, wells closer to fracking sites had higher levels of methane. Those studies, however, were based on just 60 and 141 domestic well samples, respectively.

The article outlines in detail the many disagreements and uncertainties of both the old studies and this new one. It also however contains this one key quote about the earlier studies, buried in the text, that illustrates the politics influencing the reporting of the anti-fracking research:

The two papers seemed to show that fracking was leading to increased concentrations of methane in drinking water. Dissolved methane is not toxic, and drinking water often contains significant background levels of the gas from natural sources. [emphasis mine]

The earlier studies were blasted everywhere by the media. They were used to show the harm fracking does, and were the justification for the banning of fracking in New York. Yet, the methane they found was not necessarily caused by fracking, and isn’t even a health concern anyway.

I wonder if the press will give this new report as much coverage. It might not be right, but it sure does indicate that the science is unsettled, and that the risks from fracking are, as usual in these days of doom-saying environmentalism, overblown.

Planetary Resources has released a video showing off the prototype of their Arkyd-100 space telescope.

The competition heats up: Planetary Resources has released a video showing off the prototype of their Arkyd-100 space telescope.

As I noted when this company first appeared, for the foreseeable future they are going to be a manufacturer of space telescopes, not an asteroid mining company. At the same time, they, like Deep Space Industries, are going to drive satellite development towards lower cost and smarter design, which in the long run will make asteroid mining practical and profitable.

Another asteroid mining company will announce its plans tomorrow, Tuesday.

The competition heats up: Another asteroid mining company will announce its plans tomorrow, Tuesday.

As I mentioned earlier today, it is important to maintain a skeptical attitude to each of these new commercial space companies, even as we cheer them on enthusiastically. For example, I am very curious how this company has come through with a “breakthrough process for manufacturing in space.” What could this be, and why has no one thought of it before?

No announcement yet, but of the many stories available this Wired article and this Yahoo article appear to provide the best overview of the asteroid mining plans of Planetary Resources.

No announcement yet, but of the many stories available this Wired article appears to provide the best overview of the asteroid mining plans of Planetary Resources.

The company’s first phase is most interesting:

Within the next 18 to 24 months, Planetary Resources hopes to launch between two and five space-based telescopes at an estimated cost of a few million dollars each that will identify potentially valuable asteroids. Other than their size and orbit, little detailed information is available about the current catalog of near-Earth asteroids. Planetary Resources’ Arkyd-101 Space Telescopes will figure out whether any are worth the trouble of resource extraction.

The actual press conference is scheduled for 10:30 am (Pacific). Stay tuned.

Update: The Planetary Resources website has now been updated. You can read more about their space telescope proposal here.

The moon contains a vast resource of titanium

There’s gold in them hills! Actually, it’s titanium, and it’s on the Moon.

The highest titanium abundances on Earth are around 1 percent or less. The new map shows that in the [Moon’s] mare, titanium abundances range from about one percent to a little more than ten percent. In the highlands, everywhere TiO2 is less than one percent. The new titanium values match those measured in the ground samples to about one percent.

Exploring an abandoned mine in Nevada

An evening pause: From the youtube webpage:

This inclined shaft is located outside of Searchlight, NV. The shaft itself is about 350 feet deep with two extensive drift levels along its length. We found a winze [a vertical shaft] in the lowest drift level that went down to what appeared to be an additional level.

I must emphasize that mines are very dangerous, and should be approached with great care and caution. Unlike a cave, which has had eons to slowly establish its stable structure, a mine is cut into the rock instantly (compared to geological time), and is thus very unstable and prone to collapse.

Mining the moon for water and nuclear fuel

Mining the moon for water and fuel.

Texas-based Shackleton Energy Company has already begun operations aimed at mining the Moon within the next few years. 

The company’s plans for mining and refining operations would involve melting the ice and purifying the water, converting the water into gaseous hydrogen and oxygen, and then condensing the gases into liquid hydrogen, liquid oxygen and hydrogen peroxide, all potential rocket fuels.

Shackleton CEO Dale Tietz says the water extracted would be used almost exclusively as rocket fuel to power operations both within Low Earth Orbit (LEO) – such as space tourism and the removal of space-debris – on the Moon, and further out into space. ‘We are a for-profit business enterprise moving forward, and so we are only going there really for one reason and that is to mine, prospect mine and harvest water for rocket propellant production,’ says Tietz.

The World’s First Everything-Proof Underground Luxury Community

The world’s first everything-proof underground luxury community. Fun quote:

The Barstow bunker was built to withstand a 50-megaton nuclear blast 10 miles away, 450mph winds, a magnitude-10 earthquake, 10 days of 1,250°F surface fires, and three weeks beneath any flood. Vicino says that a soon-to-be-installed air-filtration system will also neutralize any biological, chemical or nuclear attacks. The Barstow branch will stock enough food and clothing to sustain 135 people for at least a year, and in a lifestyle that Vicino describes as compact but luxurious, like being on a cruise ship.

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