This is due to the plurality of models being developed by state parties and space involved NGOs, where one state could base it’s model on XIX century whaling, with “miners-keepers” as a principle, the other on the Great Mining Act model, involving staking claims or otherwise marking exclusivity prior to landing a mining craft. Although state parties are taking advantage of the “province of mankind”, and intend to use their national regulations as lex specialis, there is a need for a global framework, binding all space mining parties.
Vagueness and the idea of Common Heritage of Mankind were the main reasons of the rejection of the The Agreement Governing the Activities of States on the Moon and Other Celestial Bodies, which provisions included the would to be foundations of a new space exploration and exploitation regime. Legal aspects of space mining have been and still are a topic of many academic debates, as well as proceedings of the UNOOSA.
This Article argues that the international community must be united on the policies and customs surrounding property ownership in space so these mining operations can be performed in a peaceful and safe manner.Īsteroid mining has been a focus of a number of studies in the fields of future studies, law economics, as well as geology, and robotics. Before these companies can begin mining, however, stronger property laws are needed to ensure the Asteroid Belt of our solar system is not described as the next California Gold Rush. Today, several companies are attempting to tap into this potential wealth of resources for use, both on Earth and in space.
Even though Earth’s supply of certain rare and precious metals may be reaching depletion, researchers have found that asteroids are likely to contain vast quantities of these resources. Since man first went to space, humankind has been pushing the boundaries of experimentation, research, and exploration into the cosmos. “Space: The Final Frontier.” While that phrase has been a call to arms for generations of science fiction fans and space enthusiasts to look up at the night sky in wonder and amazement, it has increasingly become a siren call for private space pioneers.
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