Luxembourg Set to Become Asteroid Mining Power

These photos show the relative size of three asteroids that have been imaged at close range by spacecraft. Mathilde (37 x 29 miles) (left) was taken by the NEAR spacecraft on June 27, 1997. Images of the asteroids Gaspra (middle) and Ida (right) were taken by the Galileo spacecraft in 1991 and 1993, respectively. Image Credit: NASA/JPL/NEAR and Galileo missions
Three asteroids (Credit: NASA/JPL/NEAR and Galileo missions)

Well, this is interesting:

The country is home to one of the world’s biggest satellite firms, SES, and is now planning to create a space mining industry that could both advance science and make investors wealthy, according to a report in the Financial Times.

The Grand Duchy is partnering with the dramatically-named commercial space mining firms, Deep Space Industries and Planetary Resources of the US.

Luxembourg‘s Economy Minister Etienne Schneider is set to provide details on Wednesday about the joint venture, which seeks to mine gold, platinum and other minerals. Former ESA Director General Jean-Jacques Dordain is an adviser to the effort.