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January 23 2013

Asteroid mining: US company looks to space for precious metal


Deep Space Industries hopes to land spacecraft on asteroids and have them scrape up material for return to Earth for sale

A US company has unveiled plans to launch a fleet of spacecraft to hunt for small asteroids that pass close to Earth which might one day be mined for their precious resources.

Deep Space Industries aims to fly a series of low cost prospecting satellites in 2015 on missions of two to six months, with larger spacecraft embarking on round-trips to collect material a year later.

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