Video: Gold mining faces a cliff after 2025, CRU analyst predicts
Global gold production will peak at about 3,250 tonnes (105 million oz.) next year, according to CRU's Oliver Blagden.
Newt Gingrich, presidential aspirant in the current Republican contest, wants to see a permanent moon base established by the second term of his presidency that could be used for space tourism and mining ventures.
Gingrich is campaigning in Florida, a state that is receptive to hearing about any new NASA initiatives since that is where the program is based. The other Republican contestants shot the idea down, call it expensive and wasteful. Former space executives have also criticized the policy. Gingrich has pushed back saying that the mission will be 90 percent funded by the private sector.
Florida will be holding a primary on Tuesday.
While the moon does look like a promising source of rare earth elements and a promising energy source called Helium-3, Foreign Policy says that the actual feasibility of a lunar mining operation doesn’t look that good:
. . . the upfront costs of lunar mining would be pretty massive and perhaps only ultimately worth it if nuclear fusion using He-3 pans out, which is still a big if. This isn’t even getting into the legal difficulties — the Outer Space Treaty prohibits countries from establishing territorial sovereignty on the moon and there’s not mechanism for land titles — or the environmental concerns. (Yes, it is possible to pollute the moon.)
2 Comments
Fehertom64
A brave man. Let him buy a shovel and a wheelbarrow for the first step of preparation. What happens later is quite easy.
focusonlaw
It’s important to make deep investments in alternative sources of energy. I have no doubt that Mr. Gingrich is aware of the cost and commensurate return on investment, however I am a lot more comfortable seeing my tax dollars go for something like this than a $14.6 million project to study cow flatulence. According to an official statement released in January, the mining of helium-3 on the Moon will be the main purpose of the Russian space exploration program. Yes it is expensive, but it is important.