Deep sea mining puts $560 billion in land extraction at risk — report
Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.
Once a figment of science fiction films, the sometimes risky notion of mining in space may soon become a reality if asteroid mining hopeful Planetary Resources has its way.
A mining operation in space could bear some resemblance to what people have seen in movie theatres considering the venture has backing from Avatar director James Cameron, but thankfully WA’s resource industry has more to learn than fear from a space mining push.
The frontrunner of the space mining corporate scene, which also counts Google bosses Larry Page and Eric Schmidt among its key investors, has lauded the US Congress’s approval of the Spurring Private Aerospace Competitiveness and Entrepreneurship (SPACE) Act in late 2015.
