A large asteroid, listed by NASA as “potentially hazardous,” is going to fly by Earth next week, the agency warns.

Asteroid 4660 Nereus is expected to enter Earth’s orbit on December 11, coming closer to our planet than ever before.

But there is no reason for panic, Boris Shustov, who heads the Institute of Astronomy at the Russian Academy of Sciences, said.

“The asteroid will pass some 4.6 million miles away from Earth, which is about 10 times the distance between the Moon and Earth, so there’s no risk to talk about,” Shustov told RIA Novosti.

What makes it special isn’t its larger-than-usual size (equal to three football pitches), but its unique 1.82-year orbit around the Sun. Nereus approaches Earth at a safe distance roughly every 10 years because of this.

According to the scientists, the asteroid’s regular passing makes it a perfect candidate for a future robotic mission, and even a mining operation – it is believed to be rich in nickel, iron, and cobalt.

Despite currently posing no threat, Nereus is closely monitored by space agencies to make sure it does not deviate from its path.

As part of the work to protect the planet from a catastrophic encounter with a large space object, NASA last week launched a mission called the Double Asteroid Redirection Test (DART). The mission will attempt to ram two asteroids into each other in order to change their course, with the actual impact scheduled for next September.

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Jennifer Alvarez is an investigative journalist and is a correspondent for European Union. She is based in Zurich in Switzerland and her field of work include covering human rights violations which take place in the various countries in and outside Europe. She also reports about the political situation in European Union. She has worked with some reputed companies in Europe and is currently contributing to USA News as a freelance journalist. As someone who has a Masters’ degree in Human Rights she also delivers lectures on Intercultural Management to students of Human Rights. She is also an authority on the Arab world politics and their diversity.