The Promise and Perils of Mining Asteroids

Encouraged by new space technologies, a growing fleet of commercial rockets and the vast potential to generate riches, a group of entrepreneurs announced Tuesday that they planned to mine the thousands of near-Earth asteroids in the coming decades.

The new company, Deep Space Industries (DSI), is not the first in the field, nor is it the most well-financed. But with their ambition to become the first asteroid prospectors, and ultimately miners and manufacturers, they are aggressively going after what Mark Sonter, a member of DSI's board of directors, called "the main resource opportunity of the 21st century." (Related: "Asteroid Hunter to Be First Private Deep-Space Mission?")

Prospecting using miniaturized "cubesat" probes the size of a laptop will begin by 2015, company executives announced. They plan to return collections of asteroid samples to Earth not long after.

"Using low cost technologies, and combining the legacy of [the United States'] space program with the innovation of today's young high tech geniuses, we will do things that would have been impossible just a few years ago," said Rick Tumlinson, company chairman and a longtime visionary and organizer in the world of commercial space [not sure what commercial space means].

"We sit in a sea of resources so infinite they're impossible to describe," Tumlinson said.

Added Value

There are some 9,000 asteroids described as "near-Earth," and they contain several classes of resources that entrepreneurs are now eyeing as economically valuable.

Elements such as gold and platinum can be found on some asteroids. But water, silicon, nickel, and iron are the elements expected to become central to a space "economy" should it ever develop.

Water can be "mined" for its hydrogen (a fuel) and oxygen (needed for humans in space), while silicon can be used for solar power systems, and the ubiquitous nickel and iron for potential space manufacturing. (See an interactive on asteroid mining.)

Sonter, an Australian mining consultant and asteroid specialist, said that 700 to 800 near-Earth asteroids are easier to reach and land on than the moon.

DSI's prospecting spacecraft will be called "FireFlies," a reference to the popular science fiction television series of the same name. The FireFlies will hitchhike on rockets carrying up communication satellites or scientific instruments, but they will be designed so that they also have their own propulsion systems. The larger mining spacecraft to follow have been named "DragonFlies."

Efficiencies

It all sounds like science fiction, but CEO David Gump said that the technology is evolving so quickly that a space economy can soon become a reality. Providing resources from beyond Earth to power spacecraft and keep space travelers alive is the logical way to go.

That's because the most expensive and resource-intensive aspect of space travel is pushing through the Earth's atmosphere. Some 90 percent of the weight lifted by a rocket sending a capsule to Mars is fuel. Speaking during a press conference at the Santa Monica Museum of Flying in California, Gump said that Mars exploration would be much cheaper, and more efficient, if some of the fuel could be picked up en route. (Related: "7 Ways You Could Blast Off by 2023.")

Although there is little competition in the asteroid mining field so far, DSI has some large hurdles ahead of it. The first company to announce plans for asteroid mining was Planetary Resources, Inc. in spring 2012—the group is backed by big-name investors such as Google's Larry Page and Eric Schmidt, filmmaker James Cameron, and early Google investor Ram Shriram. DSI is still looking for funding.

Owning Asteroids

While these potential space entrepreneurs are confident they can physically lay claim to resources beyond Earth, there remain untested legal issues.

The United Nations Space Treaty of 1967 expressly forbids ownership of other celestial bodies by governments on Earth. But American administrations have long argued that the same is not true of private companies and potential mining rights.

While an American court has ruled that an individual cannot own an asteroid—as in the case of Gregory Nemitz, who laid claim to 433 Eros as a NASA spacecraft was approaching it in 2001—the question of extraction rights has not been tested.

Moon rocks brought back to Earth during the Apollo program are considered to belong to the United States, and the Russian space agency has sold some moon samples it has returned to Earth-sales seen by some as setting a precedent.

Despite the potential for future legal issues, DSI's Gump said his group recently met with top NASA officials to discuss issues regarding technology and capital, and came away optimistic. "There's a great hunger for the idea of getting space missions done with smaller, cheaper 'cubesat' technology and for increased private sector involvement."

Everyone involved acknowledged the vast challenges and risks ahead, but they see an equally vast potential—both financial and societal.

"Over the decades, we believe these efforts will help expand the civilization of Earth into the cosmos, and change what it means to be a citizen of this planet," Tumlinson said.

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Al Qaeda Commander Killed for the 3rd Time

The second in command of al Qaeda's Yemen affiliate was reportedly killed in an airstrike in Yemen in December, according to a news report by Arabic television network Al Arabiya, the third time the former Guantanamo detainee has been reported dead since 2010.

According to the report, Said al-Shihri died last month after sustaining severe injuries from a joint U.S.-Yemeni airstrike that targeted a convoy in which he was riding. The al Arabiya account, based on information from "family sources," said that the airstrike left al-Shihri in a coma. He allegedly died soon after and was buried in Yemen.

On Tuesday afternoon, hours after the initial report, a Yemeni government official denied having any information regarding the death of al-Shihri, according to Arabic news site al-Bawaba.

No photos of a body have yet surfaced and no mention of his death has appeared on jihadi forums.
This is the third time al-Shihri, the second in command of al Qaeda in the Arabian Peninsula (AQAP), has been reported killed since 2009. In 2010, the Yemeni government claimed it had captured him. In September 2012, Yemeni news sites reported he was killed in an American drone strike.

PHOTOS: Terrorists Who Came Back from the Grave

READ: Gitmo Detainee turned terror commander killed: Reports

Al-Shihri, a "veteran jihadist," traveled to Afghanistan shortly after the Sept. 11, 2001 terror attacks to fight coalition troops, only to be captured weeks later, according to West Point's Combating Terrorism Center. He was sent to the U.S. prison in Guantanamo Bay, Cuba, where he stayed for six years before being released to Saudi Arabia. There, he entered a so-called "jihadi rehab" program that attempted to turn terrorists into art students by getting them to get "negative energy out on paper," as the program's director told ABC News in 2009.

READ: Trading Bombs for Crayons: Terrorists Get 'Art Therapy'

But just months after he supposedly entered the fingerpainting camp, al-Shihri reappeared in Yemen where he was suspected to have been behind a deadly bombing at the U.S. embassy there.

At the time, critics of the "jihadi rehab" program used al-Shihri as evidence that extremists would just go through the motions in order to be freed.

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At second inauguration, Obama relishes the rituals, as well as the smaller moments

The second time seemed to charm him.

The choreography of President Obama’s ceremonial inauguration Monday was nearly identical to that of his swearing-in four years ago: church, motorcade to the Capitol, invocation, oath, address, luncheon, parade, dancing.

This time, however, the man taking the oath of office was an experienced president, not a first-term senator. And Obama seemed determined to relish the rituals and have himself some fun.

In his public remarks, he spoke with conviction. From the Capitol steps, he asserted his intention to bind the nation closer together. He was sober in addressing members of Congress at a luncheon.

But the president also found joy in the smaller moments. He blew kisses as he walked the parade route with his jubilant wife, Michelle, beside him. He bobbed his head and grooved watching a drill group from Iowa pass by and waved the shaka sign to the marching band from his Hawaiian high school alma mater. On the dance floor later, he nuzzled his wife’s hair and crooned in her ear.

There was a majesty and gravity to Monday’s proceedings, but this time, unlike four years ago, Obama knows what his office demands, as well as the limits on its power. His life is not in transition like it was then. He is settled.

He seemed to recognize that the next time the country pauses to inaugurate a president, the Obamas will be moving out of the White House, departing the city by helicopter and heading home. After the ceremony on the Capitol steps, as the president headed inside, he turned back and stopped.

“I want to take a look, one more time,” Obama said. “I’m not going to see this again.”

He stood still and looked out at the panorama of flags waving and people, hundreds of thousands of them, cramming the Mall and chanting his name.

It was as if he wanted to engrave the picture on his mind.

And he seemed to savor such moments throughout the day.

When the Brooklyn Tabernacle Choir sang “The Battle Hymn of the Republic,” he turned and broadly winked at his daughters, Malia, 14, and Sasha, 11.

Myrlie Evers-Williams, a civil rights activist whose husband, Medgar Evers, was assassinated in 1963 in his Mississippi driveway, delivered the invocation. She spoke of being challenged by adversity — “For every mountain, you gave us the strength to climb,” she said — and Obama, his eyes closed in prayer, lifted his shoulders and took a deep breath.

“Amen,” he said at the end of her prayer.

A man behind the president shouted, “Hallelujah!”

When Chief Justice John G. Roberts Jr. delivered the president’s oath at 11:50 a.m., Obama flubbed a word, “the office of president of the United Sta—.” But it didn’t matter. He had recited the official oath correctly a day earlier, on Jan. 20, the inauguration date mandated by the Constitution. (His daughter Sasha already had congratulated him, too: “You didn’t mess up,” she told him in the Blue Room. )

Then, once Sen. Charles E. Schumer (D-N.Y.) introduced him as “the 44th president of the United States,” Obama looked down and smiled. He gathered himself and pushed his chin up, understanding his role in addressing the nation far more clearly than he could have the first time around.

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Bank of Japan boosts fiscal 2013 GDP growth forecast

TOKYO: The Bank of Japan on Tuesday lifted its growth forecast for the country's economy in the fiscal year starting in March, a glimmer of positive news as the country struggles to cement a recovery.

The BoJ said it now expected Japan's gross domestic product to expand by 2.3 percent in the year ended March 2014, up from an earlier 1.6 percent forecast.

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Teachers' recruitment scam: Chautala's supporters clash with police, lathicharged

NEW DELHI: A Delhi court will on Tuesday pronounce its order on sentence against former Haryana chief minister OP Chautala, his son Ajay Chautala and 53 others guilty of illegally recruiting 3,206 junior basic trained (JBT) teachers in the state in the year 2000.

Ahead of the sentencing, there was chaos outside the court as supporters of Chautala clashed with the police.

Slogan shouting supporters tried to break the barricades set up outside the court.

Police resorted to lathicharge to disperse the crowd, and also closed the main gates of the premises.

Several supporters kept on standing outside the court. All roads leading to the court complex were full of cars and SUVs of supporters and workers.

Other than the 55 accused, their counsel, prosecutors and the court staff, the judge has not allowed anyone else to enter the court room during the hearing.
Earlier, special CBI Judge Vinod Kumar concluded hearing the arguments on the quantum of sentence on Monday.

Meanwhile, 78-year-old Om Prakash Chautala, the chief of Indian National Lok Dal who was held as the "main conspirator" by the court, has urged that he be allowed two assistants in GB Pant Hospital, where he is currently admitted following complaints of chest pain.

The court has asked the superintendent of Tihar Jail to inform it whether Chautala was provided any such assistance while his stay in jail post-conviction.

The court had on January 16 held Om Prakash Chautala, Ajay Chautala and 53 others guilty of illegally recruiting 3,206 junior basic trained (JBT) teachers in the state in the year 2000.

They have all been held guilty of cheating, forgery, using fake documents as genuine, conspiracy under the IPC and for abusing their official position under the Prevention of Corruption Act.

(With inputs from PTI)

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Attack at Algeria Gas Plant Heralds New Risks for Energy Development

The siege by Islamic militants at a remote Sahara desert natural gas plant in Algeria this week signaled heightened dangers in the region for international oil companies, at a time when they have been expanding operations in Africa as one of the world's last energy frontiers. (See related story: "Pictures: Four New Offshore Drilling Frontiers.")

As BP, Norway's Statoil, Italy's Eni, and other companies evacuated personnel from Algeria, it was not immediately clear how widely the peril would spread in the wake of the hostage-taking at the sprawling In Amenas gas complex near the Libyan border.

Map by National Geographic

Algeria, the fourth-largest crude oil producer on the continent and a major exporter of natural gas and refined fuels, may not have been viewed as the most hospitable climate for foreign energy companies, but that was due to unfavorable financial terms, bureaucracy, and corruption. The energy facilities themselves appeared to be safe, with multiple layers of security provided both by the companies and by government forces, several experts said. (See related photos: "Oil States: Are They Stable? Why It Matters.")

"It is particularly striking not only because it hasn't happened before, but because it happened in Algeria, one of the stronger states in the region," says Hanan Amin-Salem, a senior manager at the industry consulting firm PFC Energy, who specializes in country risk. She noted that in the long civil war that gripped the country throughout the 1990s, there had never been an attack on Algeria's energy complex. But now, hazard has spread from weak surrounding states, as the assault on In Amenas was carried out in an apparent retaliation for a move by French forces against the Islamists who had taken over Timbuktu and other towns in neighboring Mali. (See related story: "Timbuktu Falls.")

"What you're really seeing is an intensification of the fundamental problem of weak states, and empowerment of heavily armed groups that are really well motivated and want to pursue a set of aims," said Amin-Salem. In PFC Energy's view, she says, risk has increased in Mauritania, Chad, and Niger—indeed, throughout Sahel, the belt that bisects North Africa, separating the Sahara in the north from the tropical forests further south.

On Thursday, the London-based corporate consulting firm Exclusive Analysis, which was recently acquired by the global consultancy IHS, sent an alert to clients warning that oil and gas facilities near the Libyan and Mauritanian borders and in Mauritania's Hodh Ech Chargui province were at "high risk" of attack by jihadis.

"A Hot Place to Drill"

The attack at In Amenas comes at a time of unprecedented growth for the oil industry in Africa. (See related gallery: "Pictures: The Year's Most Overlooked Energy Stories.") Forecasters expect that oil output throughout Africa will double by 2025, says Amy Myers Jaffe, executive director of the energy and sustainability program at the University of California, Davis, who has counted 20 rounds of bidding for new exploration at sites in Africa's six largest oil-producing states.

Oil and natural gas are a large part of the Algerian economy, accounting for 60 percent of government budget revenues, more than a third of GDP and more than 97 percent of its export earnings. But the nation's resources are seen as largely undeveloped, and Algeria has tried to attract new investment. Over the past year, the government has sought to reform the law to boost foreign companies' interests in their investments, although those efforts have foundered.

Technology has been one of the factors driving the opening up of Africa to deeper energy exploration. Offshore and deepwater drilling success in the Gulf of Mexico and Brazil led to prospecting now under way offshore in Ghana, Mozambique, and elsewhere. (See related story: "New Oil—And a Huge Challenge—for Ghana.") Jaffe says the Houston-based company Anadarko Petroleum has sought to transfer its success in "subsalt seismic" exploration technology, surveying reserves hidden beneath the hard salt layer at the bottom of the sea, to the equally challenging seismic exploration beneath the sands of the Sahara in Algeria, where it now has three oil and gas operations.

Africa also is seen as one of the few remaining oil-rich regions of the world where foreign oil companies can obtain production-sharing agreements with governments, contracts that allow them a share of the revenue from the barrels they produce, instead of more limited service contracts for work performed.

"You now have the technology to tap the resources more effectively, and the fiscal terms are going to be more attractive than elsewhere—you put these things together and it's been a hot place to drill," says Jaffe, who doesn't see the energy industry's interest in Africa waning, despite the increased terrorism risk. "What I think will happen in some of these countries is that the companies are going to reveal new securities systems and procedures they have to keep workers safe," she says. "I don't think they will abandon these countries."

This story is part of a special series that explores energy issues. For more, visit The Great Energy Challenge.

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Inauguration: 7.5 Things You Should Have Seen

A presidential inauguration is a big, long event that lasts all day and into the night–and who has time to really watch it? People have jobs, ones that don’t let you off for a federal holiday.

Everyone (or, at least, some) will be talking about it, which means potential embarrassment for anyone who doesn’t know what happened. Thankfully, ABC employs  news professionals stationed in Washington, D.C., to pay attention to these kinds of things and boil off some of the less noteworthy or interesting stuff, presenting you with short videos of everything that really mattered. Or at least the things a lot of people were talking about.

A full day of paying attention to President Obama’s second Inauguration leads one of those professionals to offer these 7 1/2 things:

1. Beyonce Sang the National Anthem

Boy, howdy! Did she ever? Beyonce has essentially become the Obama’s go-to female performer: She recorded a music video for Michelle Obama’s “Let’s Move” initiative in 2011, and she performed at the president’s last inauguration in 2009. Her velvety, soulful “Star Spangled Banner” is getting good reviews.

2. Kelly Clarkson Also Sang

Kelly Clarkson is not as “in” with the First Couple as Beyonce seems to be, but they let her sing “My Country ‘Tis of Thee,” and she did a pretty good job with it. This was kind of weird, though, because at one point she said she loved Ron Paul, although she later said she would vote for Obama.

3.  Obama Talked About Gay Rights

This may not seem shocking since more than half the country, including President Obama, supports gay marriage. But the president made a point of mentioning gay rights during his speech, equating the struggles of the LGBT community with those of  past civil rights movements, and in doing so made history.

He name-checked Stonewall, the New York City bar that was raided by police in 1969 sparking riots to protest the anti-gay crackdown. And he actually used the word “gay”: “Our journey is not complete until our gay brothers and sisters are treated like anyone else under the law – for if we are truly created equal, then surely the love we commit to one another must be equal as well,” Obama said in his address.

Plenty of inaugural addresses have been chock full of rhetoric about freedom and equality, but in the last four years, the political culture surrounding gay rights has changed significantly, as more states legalized same-sex marriage and as broad swaths of the country got more comfortable with homosexuality in general. Obama’s “evolution” on gay marriage, and now his inaugural address, have helped signify that change.

4. Joe Biden Made Jokes and Shook Hands With People

Could we expect anything less?

Here’s how the Vice President toasting Sen. Chuck Schumer instead of President Obama at the big luncheon:  ”I raise my glass to a man who never, never, never operates out of fear, only operates out of confidence, and a guy–I’m toasting you, Chuck.” Watch it:

And here he is, scurrying around and jovially shaking hands with people along the parade route:

5. Richard Blanco Read a Poem That Was Sort of Whitman-esque, But Not Entirely

Cuban-born Richard Blanco became America’s first openly gay, Latino Inauguration poet. He read a nine-stanza poem entitled “One Today,” which set a kind of unifying American tableau scene.

6. Obama and Michelle Walked Around Outside The Limo

President Obama walked part of the parade route, from the Capitol to the White House, with Michelle. They waved to people. It is not entirely abnormal for a president to do this at an inaugural parade. But they walked quite a ways.

7. John Boehner: ‘Godspeed’

The speaker of the House presented American flags to Obama and Biden, telling them: “To you gentlemen, I say congratulations and Godspeed.”

7 1/2. Sasha and Malia Were There. 

Obama’s daughters, Sasha and Malia, were there. They didn’t really do much, but they did wear coats of different shades of purple that got a lot of  attention on Twitter.

Reports of the daughters looking at smartphones and applying lip gloss highlighted their day. As did this .gif of Sasha yawning.

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After the first black president, who will be second?

President Obama’s historic election in 2008 and his reelection last year proved decisively that race is no longer an insurmountable hurdle to high political office in the United States.

But the current pool of possible candidates suggests that the next black president will not be taking the oath of office anytime soon.

“In the shadow of Barack Obama, there’s not been a lot of growth,” Cornell Belcher, a pollster who was involved in the president’s 2008 campaign, said. “It is really hard for minorities to get elected at the statewide level, and before you start talking about president, frankly, you have to get elected to statewide office.”

The notion of a post-Obama reformation of black politics has not been borne out at the ballot box, as black politicians continue to struggle to win the statewide offices that are the traditional paths to the presidency.

While the election of the first black president marked a significant break from the country’s history of racial prejudice, race still matters: The vast majority of black elected officials are put into office by black voters. Even Obama needed large numbers of black and Latino votes to win, particularly last year, when a majority of whites voters voted for someone else.

Ashley Bell, a former county official in Georgia who switched from the Democratic to the Republican Party with an eye on a future run for statewide office, said that Obama “did convince a lot of young black politicians that they can aspire to crossover offices. We may not live in a post-racial America, but I think we do live in a new era of politics where, on either side of the aisle, everyone knows that a good political candidate is one with crossover appeal, be they white or black or Latino.”

While the country’s changing demographics will favor political leaders of color in the future, the current landscape remains challenging for minority candidates seeking statewide office, particularly governorships and U.S. Senate seats, the typical steppingstones to presidential bids.

Deval L. Patrick (D-Mass.) currently is the nation’s only black governor, and Tim Scott (R-S.C.) is the only black member of the Senate, having recently been appointed to fill a vacancy.

Patrick, 56, is often mentioned as a potential presidential candidate, but he has said he has no plans to run in 2016. No other black politicians’ names have come up on the short list of credible contenders for the next national election.

On the GOP side of the aisle, former secretary of state Condoleezza Rice has been mentioned as a possible candidate but has steadfastly denied any interest. Colin Powell, who preceded Rice as President George W. Bush’s secretary of state, was once a favored GOP prospect, but he also declined to run.

Most recently, Herman Cain, a black Georgia businessman, was briefly a hit among Republican grass-roots activists in the run-up to the primaries, but he dropped his candidacy after a woman revealed a longtime extramarital affair and other women accused him of sexual harassment.

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Auction for Singapore's F&N begins

SINGAPORE: A rare auction for a listed Singaporean company opened on Monday with Thai and Indonesian tycoons facing off to take over diversified conglomerate Fraser and Neave (F&N).

The auction was called by a stock-market watchdog to resolve a protracted battle for F&N after it sold off its most prized asset, Tiger Beer maker Asia Pacific Breweries, to Dutch giant Heineken in September.

At stake are F&N's property, beverages and publishing operations.

A spokesman for the Securities Industry Council (SIC), which called for the auction, said the process officially opened on Monday after Thai billionaire Charoen Sirivadhanabhakdi made a fresh pre-auction bid over the weekend.

Charoen's TCC Assets said Saturday it was increasing its offer for F&N shares it does not own from S$8.88 ($7.24) a share to S$9.55.

The total S$13.75 billion offer trumped the S$13.1 billion, or S$9.08 per share, bid tabled by property firm Overseas Union Enterprise (OUE) in mid-November, but it was still lower than F&N's closing price last week.

The stock surged 1.25 percent, or 12 cents, to S$9.70 by 0130 GMT on Monday.

The revised bid leaves "the Thais in the driving seat this morning", IG Markets said in a report.

"The drawn-out sparring match for the prized asset of Fraser & Neave has reached the final round with the Thais delivering what could be the knockout punch," the report added.

OUE is controlled by Indonesia's Lippo Group, whose founder is Indonesian tycoon Mochtar Riady. His son Stephen is OUE's executive chairman.

Under the auction rules set by SIC, a daily bidding process will take place starting Monday until one party gives up.

F&N shareholders had reacted coolly to the original bids after an adviser gave a much higher valuation than those tabled by TCC Assets and OUE.

- AFP/al

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Yannick's mother wants to visit son, but has no money

PATIALA: After treatment for about six months in a private hospital here, there is slight improvement in the health of Burundi student, Yannick Nihangaza, who was brutally attacked in Jalandhar in April, but the long stay of his father in Patiala has badly affected the financial health of the family.

Yannick's mother and younger brother want to come to Patiala to see their recovering family member, but don't have money left to pay for travel expenses.

"My wife Jotisean and younger son Landri want to come here. They need $3000 for this. But since I am staying here after quitting my job last April, my wife and son don't have money to pay for their travel expenses," said Nestor, father of Yannick.

On April 22 last year, the 23-year-old BSc computer science student of a private university had gone to attend a party in Jalandhar when some unidentified persons attacked him, severely beat him up and threw him on roadside. Yannick was hit on the head and had slipped into coma and was taken to a hospital by some unidentified persons. Later, in view of his serious condition, he was referred to a private hospital in Patiala, where he remained in coma till the end of November. He regained consciousness in the last week of November.

Getting information about the serious condition of his son, Nestor reached Patiala on April 24 and since then, he has been staying here in a room in the hospital to take care of his son.

Nestor worked with an NGO in Burundi and had to quit his job as the condition of his son worsened.

The mother of Yannick had come to Patiala in August 2012 and stayed here for 20 days. In the absence of her husband and any other financial support from anyone, all the family burden has now fallen on her younger son Jotisean, who has been working in a private company.

"She has been calling me almost everyday to get the latest news about Yannick's health. Sometimes, she starts crying over phone. She stayed here for 20 days in last August, but Yannick did not open his eyes even for once. As he has now started opening eyes, she wants to see him," said Nestor, while sitting with his daughter Fiona, who had come to Patiala some days back.

"I am waiting for the day when my son will get well and I will be able to take him back to unite him with his mother and younger brother," said Nestor.

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