Mining an Asteroid is very different than mining on Earth. This is because we have to account for the following:
Microgravity
Due to Microgravity, escape velocity on an Asteroid is really low. For example, the escape velocity on Asteroid Ryugu is 38cm/s, which is 1/30,000 of Earth’s escape velocity 11.2km/s. This is a big problem for two reasons:
No Atmosphere
This is mostly a good thing. Most Asteroids are covered with loose rocks, dust and debris called Regolith. This happens because of extreme temperature difference between the Sun facing and non-facing sides, which breaks the rocks into Regolith. Since there is no atmosphere or wind, thick layer of Regolith is just lying on the Asteroid, making the mining easier because the Regolith can just be picked up off the surface of the Asteroid. The lack of Atmosphere means the Regolith doesn’t get blown away as it would on Earth.
Ore Collection
Ore collection on the Asteroids can be done in the following ways:
Location of Ore Processing Unit
Depending on the quality of the ore, the yield of useful minerals may vary anywhere from 10-90%. In most cases, it may not make sense to transport the unprocessed ore back to Earth for processing because of large $/Kg transportation costs. It is desirable to process the ore as much as possible on the Asteroid itself.
Usually, ore processing requires heating to temperatures of thousands of degrees, processing this in space will require specialized equipment that can use solar power to achieve this.