Mining the moon

Written by Searching Finance Thursday, 07 March 2013 20:28
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The BBC reports:


Space exploration has long been about reaching far off destinations but now there's a race to exploit new frontiers by mining their minerals.


When Neil Armstrong first stepped on the Moon in 1969, it was part of a "flags and footprints" strategy to beat the Soviets, a triumph of imagination and innovation, not an attempt to extract precious metals.


No-one knew there was water on that dusty, celestial body. What a difference a generation makes.


Mysterious and beautiful, the Moon has been a source of awe and inspiration to mankind for millennia. Now it is the centre of a space race to mine rare minerals to fuel our future - smart phones, space-age solar panels and possibly even a future colony of Earthlings.

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