{"id":1726,"date":"2016-08-11T22:28:22","date_gmt":"2016-08-11T22:28:22","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=1726"},"modified":"2016-08-11T22:28:22","modified_gmt":"2016-08-11T22:28:22","slug":"plans-for-first-commercial-space-mining-venture-gets-off-the-ground","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2016\/08\/11\/plans-for-first-commercial-space-mining-venture-gets-off-the-ground\/","title":{"rendered":"Plans for first commercial space mining venture gets off the ground"},"content":{"rendered":"<header class=\"entry-header\">\n<h1 class=\"entry-title\"><\/h1>\n<\/header>\n<div class=\"entry-content\">\n<section class=\"f-right\">\n<figure><img loading=\"lazy\" decoding=\"async\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" src=\"https:\/\/d9lhxyivbnow1.cloudfront.net\/wp-content\/uploads\/2016\/08\/11110535\/space-604x270.png\" alt=\"space\" width=\"604\" height=\"270\" \/><\/figure>\n<div class=\"latestnews\">\n<h6><\/h6>\n<\/div>\n<\/section>\n<p>Deep Space Industries (DSI) has announced plans to launch the world\u2019s first commercial extra-terrestrial mining mission.<\/p>\n<p>The company\u2019s Prospector-1 vehicle is slated to rendezvous with a near earth asteroid and appraise it to determine its value and potential resources.<\/p>\n<p>\u201cThis mission is an important step in the company\u2019s overall plans to harvest and supply in-space resources to support the growing space economy,\u201d DSI said.<\/p>\n<p>According to the company, when the vehicle reaches the space body, it will map the surface and subsurface of the asteroid, taking visual and infrared imagery and mapping overall water content, down to approximately meter-level depth.<\/p>\n<p>When this initial science campaign is complete, Prospector-1 will use its water thrusters to attempt touchdown on the asteroid.<\/p>\n<p>\u201cDeep Space Industries has worked diligently to get to this point, and now we can say with confidence that we have the right technology, the right team and the right plan to execute this historic mission,\u201d <a href=\"https:\/\/deepspaceindustries.com\/first-commercial-interplanetary-mission\/\">Rick Tumlinson, chairman of the board and co-founder of Deep Space Industries, said.<\/a><\/p>\n<p>\u201cBuilding on our Prospector-X mission, Prospector-1 will be the next step on our way to harvesting asteroid resources.\u201d<\/p>\n<p>The company recently<a href=\"https:\/\/www.australianmining.com.au\/news\/new-space-mining-joint-venture-developed\"> partnered with Luxembourg\u2019s Government to develop its Prospector-X technology.<\/a><\/p>\n<p>The international mission,\u00a0<a href=\"https:\/\/deepspaceindustries.com\/prospector-x-an-international-mission-to-test-technologies-for-asteroid-mining\/\">known as Prospect-X<\/a>, is an agreement to explore, use, and commercialise space resources and builds upon\u00a0<a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/ff845ace-c9b5-11e5-be0b-b7ece4e953a0,Authorised=false.html?siteedition=intl&amp;_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fff845ace-c9b5-11e5-be0b-b7ece4e953a0.html%3Fsiteedition%3Dintl&amp;_i_referer=http%3A%2F%2Fwww.ft.com%2Fintl%2Fcms%2Fs%2F0%2Fe8e95cf8-12a6-11e6-91da-096d89bd2173.html&amp;classification=conditional_standard&amp;iab=barrier-app#axzz47aaNbQiA\">Luxembourg\u2019s earlier space mining initiative to become a technology hub for the fledgling industry<\/a>.<\/p>\n<p>Prospector-X is an experimental mission to low-Earth orbit that will test key technologies needed for low-cost exploration spacecraft. This precursor mission is scheduled to launch in 2017. Then, before the end of this decade, Prospector-1 will travel beyond Earth\u2019s orbit to begin the first space\u00a0mining\u00a0exploration mission.<\/p>\n<p>\u201cDSI\u2019s Prospector missions will usher in a new era of low cost space exploration\u201d Grant Bonin, Deep Space Industries chief engineer, said.<\/p>\n<p>Prospector-1, the first space mining mission vehicle, uses a water based propulsion system, as such \u201cwater will be\u00a0the first asteroid mining\u00a0product, so\u00a0the ability to use water as propellant will provide\u00a0future DSI spacecraft with the ability to refuel in space,\u201d the company said.<\/p>\n<p>\u201cDuring the next decade, we will begin the harvest of space resources from asteroids,\u201d Daniel Faber, Deep Space Industries CEO, said.<\/p>\n<p>\u201cWe are changing the paradigm of business operations in space, from one where our customers carry everything with them, to one in which the supplies they need are waiting for them when they get there.\u201d<\/p>\n<p>The asteroids will be chosen by a team at DSI.<\/p>\n<p>\u201cProspector-1 is not only the first commercial interplanetary mission, it is also an important milestone in our quest to open the frontier,\u201d Tumlinson said.<\/p>\n<p>\u201cBy learning to \u2018live off the land\u2019 in space, Deep Space Industries is ushering in a new era of unlimited economic expansion.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Deep Space Industries (DSI) has announced plans to launch the world\u2019s first commercial extra-terrestrial mining mission. The company\u2019s Prospector-1 vehicle is slated to rendezvous with a near earth asteroid and appraise it to determine its value and potential resources. \u201cThis mission is an important step in the company\u2019s overall plans to harvest and supply in-space &hellip; <a href=\"https:\/\/yinghuiinternational.com\/index.php\/2016\/08\/11\/plans-for-first-commercial-space-mining-venture-gets-off-the-ground\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Plans for first commercial space mining venture gets off the ground&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6,36,34],"tags":[],"class_list":["post-1726","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry","category-new-ideas","category-new-tech-new-product"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-rQ","jetpack-related-posts":[{"id":1083,"url":"https:\/\/yinghuiinternational.com\/index.php\/2015\/11\/05\/space-mining-conference-begins-in-sydney\/","url_meta":{"origin":1726,"position":0},"title":"Space mining conference begins in Sydney","author":"yinghui","date":"November 5, 2015","format":false,"excerpt":"The outermost reaches of available mineral resources will be the topic of discussion at the 3rd International Future Mining Conference, which begins today in Sydney. The conference will showcase innovations and technological developments in the minerals industry, such as autonomous mining, emerging exploration technologies, new commodities for high-tech equipment, and\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"SEP_Airlock_Concept","src":"https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2015\/11\/SEP_Airlock_Concept.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3155,"url":"https:\/\/yinghuiinternational.com\/index.php\/2018\/09\/27\/hail-victoria-the-new-five-year-state-plan-for-mining\/","url_meta":{"origin":1726,"position":1},"title":"Hail Victoria: The new five-year state plan for mining","author":"yinghui","date":"September 27, 2018","format":false,"excerpt":"Australian Mining\u00a0looks over the latest mineral resources strategy from the Victorian Government, which aims for a spend of $220 million over the next five years. On August 28 2018, the Victorian Government released its mineral resources strategy for 2018\u20132023, identifying key challenges and opportunities in the state\u2019s mining\u00a0sector. The government\u2026","rel":"","context":"In &quot;2020&quot;","block_context":{"text":"2020","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/2020\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7973,"url":"https:\/\/yinghuiinternational.com\/index.php\/2021\/06\/04\/tesla-targets-1bn-investment-in-australian-ev-minerals\/","url_meta":{"origin":1726,"position":2},"title":"Tesla targets $1bn investment in Australian EV minerals","author":"yinghui","date":"June 4, 2021","format":false,"excerpt":"Tesla chair Robyn Denholm has declared the company plans to spend more than $1 billion on Australia\u2019s minerals supply to cater for growing electric vehicle (EV) demand. Denholm, who spoke at the Minerals Council of Australia\u2019s minerals week, said each electric vehicle has around $5000 worth of minerals with Australia\u2026","rel":"","context":"In &quot;Mines and Quarry&quot;","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8091,"url":"https:\/\/yinghuiinternational.com\/index.php\/2021\/11\/26\/vanadium-processing-plant-on-the-cards-for-queensland\/","url_meta":{"origin":1726,"position":3},"title":"Vanadium processing plant on the cards for Queensland","author":"yinghui","date":"November 26, 2021","format":false,"excerpt":"The site of the Saint Elmo vanadium mine in Central Queensland. Image: Multicom Resources The Queensland Government has recognised the importance of vanadium as a new economy mineral with plans for a processing plant in Townsville. The mineral is used in large-scale grid batteries called redox flow batteries. These batteries\u2026","rel":"","context":"In &quot;Mines and Quarry&quot;","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"vanadium","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2019\/12\/Saint-Elmo-Multicom-604x270.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2019\/12\/Saint-Elmo-Multicom-604x270.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2019\/12\/Saint-Elmo-Multicom-604x270.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":8167,"url":"https:\/\/yinghuiinternational.com\/index.php\/2022\/08\/31\/downtime-foiled-by-exceptional-bearing-solution\/","url_meta":{"origin":1726,"position":4},"title":"Downtime foiled by exceptional bearing solution","author":"yinghui","date":"August 31, 2022","format":false,"excerpt":"The extraction and processing of aluminium metal can be broken down into three key stages: the mining of bauxite ore, refining that ore to recover alumina, and then the smelting of alumina to produce aluminium sheets or ingots. This type of metal is prized for its strong yet lightweight properties,\u2026","rel":"","context":"In &quot;Mines and Quarry&quot;","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"Aluminium metal is prized for its strong yet lightweight properties, as well as its resistance to rusting.","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2022\/08\/MQ13_8-604x270.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2022\/08\/MQ13_8-604x270.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2022\/08\/MQ13_8-604x270.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":8039,"url":"https:\/\/yinghuiinternational.com\/index.php\/2021\/09\/06\/electric-vehicles-to-drive-australias-mining-future\/","url_meta":{"origin":1726,"position":5},"title":"Electric vehicles to drive Australia\u2019s mining future","author":"yinghui","date":"September 6, 2021","format":false,"excerpt":"BHP will supply nickel for Tesla\u2019s electric vehicles. Industry leaders predict critical minerals for battery technologies will lead to significant opportunities for the nation\u2019s growing resources sector. Australia is expected to be at the forefront of the electric vehicle (EV) boom with key industry figures signalling that a combination of\u2026","rel":"","context":"In &quot;Mines and Quarry&quot;","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/australianresourcesandinvestment.com.au\/wp-content\/uploads\/2021\/09\/shutterstock_1491230117-1024x683.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/australianresourcesandinvestment.com.au\/wp-content\/uploads\/2021\/09\/shutterstock_1491230117-1024x683.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/australianresourcesandinvestment.com.au\/wp-content\/uploads\/2021\/09\/shutterstock_1491230117-1024x683.jpg?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/australianresourcesandinvestment.com.au\/wp-content\/uploads\/2021\/09\/shutterstock_1491230117-1024x683.jpg?resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/1726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/comments?post=1726"}],"version-history":[{"count":1,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/1726\/revisions"}],"predecessor-version":[{"id":1727,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/1726\/revisions\/1727"}],"wp:attachment":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/media?parent=1726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/categories?post=1726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/tags?post=1726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}