An Integrated Economics Model for In Situ Resource Utilisation in Support of a Mars Colony

Human ventures into space are entering a new phase in which missions formerly driven by government agencies are now being replaced by those led by commercial enterprises – in launch, satellite deployment, resupply of the International Space Station and space tourism. In the not-too-distant future, commercial opportunities will also include the mining of asteroids, comets, the Moon and Mars. This research examines the role of off-Earth mining in a growing space economy. In this investigation, the term ‘mining’ is taken to embrace minerals, ice/water and other in situ resources. As the off-Earth mining initiative could be the engine that drives the space economy, it would be useful to understand what off-Earth mining market conditions and technology requirements are needed for that economy to prosper. These specific elements are studied in the wider context of creating an economy that could ultimately support a sustainable Mars colony. The methodology for developing the model focuses on the extraction of ice from the surface of Mars to produce propellant and water for life support for a possible colony.CITATION:Saydam, S, Shishko, R, Tapia Cortez, C, de Roche, T, Fradet, R, Coulton, J and Dempster, A G, 2015. An integrated economics model for in situ resource utilisation in support of a Mars colony, in Proceedings Third International Future Mining Conference, pp 305–312 (The Australasian Institute of Mining and Metallurgy: Melbourne).