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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