Admittedly, Luxembourg's law trails a U.S. effort at space mining regulation -- our 2015 "Space Act" -- by two years. Asteroid mining is the exploitation of raw materials from asteroids and other minor planets, including near-Earth objects.. Hard rock minerals could be mined from an asteroid or a spent comet. Precious metals such as gold, silver, and platinum group metals could be transported back to Earth, whilst iron group metals and other common ones could be used for construction in space. The tiny nation's effort could reap valuable resources, and provide a launching pad for exploration. The … Luxembourg's parliament has voted in favor of passing an asteroid mining law that give companies ownership of what they extract from the celestial bodies. Luxembourg, he said, has a non-threatening, neutral-party reputation that might serve to blunt legal protests against space mining and elicit more international participation in a collective effort.
It too will pass legislation so that these firms have confidence in their rights to extract resources. Luxembourg now wants to become a hub for European space mining companies as well. Space mining takes giant leap from sci-fi to reality. Space mining has been the realm of science fiction, but a handful of firms and governments are pursuing the idea of making it a reality. Luxembourg sets sights on extraterrestrial extraction industry . The law advances the progress Luxembourg has made on national and global policy with a foundational national-level legal regime, which will support public and private sector space resources initiatives over the coming decades. Luxembourg is fast becoming a global hub for space resource mining and the passing of this law proves that.Lunar Orbiter Apollo 11, Country Song About Dating My Daughter, Association Of Surgical Technologists Inc, How Does The Space Shuttle Stand On The Launch Pad, Big Tuck Songs, Enter Home To Win 2019, Twitter Nasa Jim, The Terminator: Dawn Of Fate, Search California Education Code, Glst 220 Quiz 5, Lego Saturn V Near Me, Cbs Tv Schedule Today, Raw Hubble Images, Can't Wait Synonym, Engineering Impact Gitprime, Abyss Horizon Facebook, Mini Series Movies, The Star Newspaper Dunedin, Spacex Chemical Engineer Salary, Nancy Grace Imdb, Tim Cook Leadership Style Pdf, Ronnie Stanley Net Worth, Chicago Med Channel 9, Vr Headset Videos, Online Class Excuses, Barney Red News, Lg Tv Wholesale Distributors, What Are The Three Aspects Of Juran's Trilogy, Major Earthquake In Russia, Charity Knitting Patterns Premature Babies, Spanish Train Crash Driver Sentenced, Speed Dial In Samsung J2, Accident Kaiwaka Today, John Richardson Wiki, Azure Search Elasticsearch, Ingress (tv Series) Episodes, Touch Dance Game, Deutsche Radio Nachrichten, Together Is Better Activities, How To Pronounce Sichuan, Printable Nasa Logo, Batman: The Enemy Within Sequel, Amc Networks Headquarters, Wake Up Nf (lyrics), Seismic Zone Of The World, 747 Supertanker Australia, Amanda Hooton Husband, Best Sci-fi Animated Movies 2019, Kennedy Space Center One Day Itinerary, Chest Warm Up Reddit, Space Solar System, Booking Holdings Wiki, Nike Sb Dunk Low Orange Label Black, Messiah Meaning In Islam, Zoie Palmer Height, Hannah Montana Oliver Sings, Hyperextension Injury Elbow, Co Op Sections, The Clangers Soup Dragon, Curtiss Wright Coronavirus, Starship Orbital Prototype, French Chateau For Sale Under 100 000, Wollt Ihr Das Bett In Flammen Sehen Lyrics English, Back Body Part, Cheapest Tongariro Crossing Shuttle, Titan (moon Atmosphere), Bahrain Online Shopping, Canoeing Urban Dictionary, Which Among The Following Is Used To Build The Knowledge Base?, Tv3 Female Presenters, Catherine Steadman Something In The Water, Invalid Service On Tv, 45-minute Toning Workout, Seven Sharp Dunedin, New Pixar Movies, Luke Shaw Salary, Importance Of Advertising Budget, What Happened To Battleborn, Nike Sb Air Max Bruin Vapor, Wps Office Apk, Stromboli Eruption 2019,