Space Mining and Non-Appropriation Principle
Journal Title: PARIPEX-Indian Journal of Research - Year 2017, Vol 6, Issue 6
Abstract
ABSTRACT Asteroid mining could shift from science fictions to world changing reality sooner than we think. The goal is to begin transforming asteroid water into rocket fuel within a decade and eventual harvest of valuable and useful platinum-group metals from space rocks. This seems to be the next giant leap in the exploration of outer space. The legislations by both the United State and Luxembourg by allowing private investors to claim rights over minerals extracted from asteroids has shown that some countries are serious about space mining. This seems to go against the non-appropriation principle of the outer space treaty that forbids ownership of minerals in space. This paper will crucially analyse the present and future perspective of space mining, the new domestic laws on private companies mining in outer space by United State and Luxembourg and the legal challenges to space mining. This paper is not an attempt to discuss every facet of space mining but it will rather look at the non- appropriation principle and its relationship with space mining, the divergent views and interpretations of article I and II of the outer space treaty and will propose a framework that is good for space mining.
Authors and Affiliations
Oluwatosin Awotoye, GAO QI
Keywords
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