Freeport’s Grasberg go-go days back as gold, copper prices rally
Freeport's iconic open cut mine in Indonesia is going underground – nearly doubling copper and gold production and earning $8 billion per year in the process.
The main challenge for mining near-Earth celestial bodies is neither technology nor cost, but simply “convincing people it is realistic,” says Dr. Phil Metzger.
OSIRIS-REx will collect samples from an asteroid and return them to Earth, in what it could be a pivotal step for firms currently planning to tap into the space mining business.
Erdenes Tavan Tolgoi (ETT), the state-owned company that holds the license to the deposit, has already begun evaluating bids and calculating the potential economic benefits of restarting it.
They have low taxes and a stable economy- having had budget surpluses in the last 25 years for all but two years. The country’s wealth has been built on innovation and attracting foreign companies.