Date
24 January 2017
Getting a mine going on Ceres, a dwarf planet between Mars and Jupiter, would cost about half as much as the Gorgon natural gas plant in Australia. Photo: lngworldnews.com
Getting a mine going on Ceres, a dwarf planet between Mars and Jupiter, would cost about half as much as the Gorgon natural gas plant in Australia. Photo: lngworldnews.com

Mining in space could cost less than building a gas plant

Getting a mine up and running on the moon or an asteroid would cost less than building the biggest gas terminals on Earth, research presented to a forum of company executives and NASA scientists shows.

A mission to Ceres, a dwarf planet 414 million kilometers from the Sun and the size of Texas, might cost about US$27 billion, Bloomberg reported.

The expense includes 10 rocket launches to convey equipment, the extraction of metals and water, and the construction of an in-orbit facility to process the raw materials.

The costing comes from graduate business students at Australia’s University of New South Wales, which is also collaborating with the US National Aeronautics and Space Administration on the economics of space mining.

By comparison, Australia’s biggest single resource development — Chevron Corp.’s Gorgon liquefied natural gas plant — has an expected price tag of about US$54 billion.

Still, getting investors to buy into the grand vision that mankind has a future in the stars is a high bar to clear.

Crucially, proponents no longer intend to deliver metals to Earth to replenish finite resources.

The costs of a two-way journey are considered uneconomic, and the focus instead is on providing materials for industries operating in space to power the exploration and eventual colonization of Mars and beyond.

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