US billionaires to mine asteroid resources

Planetary Resources company, backed by director James Cameron, to hunt for fuel and precious minerals.

    A group of US billionaires - including director James Cameron and the co-founders of internet search company Google - have announced plans to mine asteroids in space for resources such as ice, fuel and precious minerals.

    The new firm, Planetary Resources, plans to launch a telescope capable of tracking asteroids - left over from the Big Bang - as they pass-by the Earth in hopes of finding resources for further human endeavours in space.

    Al Jazeera's John Terrett reports from the US Air and Space Museum in Washington.

    SOURCE: Al Jazeera


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