Monday, December 28, 2015

New U.S. Asteroid Mining Law May Comply w/ Outer Space Treaty of 1967

Artist conception of asteroid mining.
(Image Sources: , "Asteroidmining" by NASA - another version existion on the web. Licensed under Public Domain via Commons - )

By Marcia S. Smith,

The Board of Directors of the International Institute of Space Law (IISL) has issued a position paper concluding that a new U.S. law that grants property rights to resources mined from asteroids or other space objects by U.S. companies does not violate the 1967 Outer Space Treaty.  The United States is a signatory to that treaty and whether or not the law complies with the treaty is matter of some debate in space law circles.

The law's provision applies to extraction and use of resources from space objects generally, but is commonly referred to as asteroid mining because two U.S. companies are proposing to do that.  It is part of the Commercial Space Launch Competitiveness Act that was signed into law by President Obama on November 25.  While the law affects a variety of commercial space activities, the space resource mining provision is receiving the most attention.

The 1967 Outer Space Treaty (OST) was negotiated long before the technical feasibility of mining asteroids existed.  Some question today whether it is technically or economically feasible, but two U.S. companies, Planetary Resources Inc. and Deep Space Industries, are promoting the idea.   Planetary Resources is widely credited with getting the legal issues on the table and convincing Congress to include the provision in the law and the President to sign it.  The argument is that while it may be many years before anyone actually mines resources from asteroids, investors are needed now and they want clarity before putting their money into such ventures.

More - Link >>>

Source: .
              2015 December 28.

More on the Commercial Space Launch Competitiveness Act ---
Link 1 >>>
Link 2 >>>

SPACE Act of 2015: Link >>>

More on the Outer Space Treaty of 1967:
Link >>>

More on Asteroid Mining: Link >>>

Want to receive SpaceWatchtower blog posts in your inbox ?
Send request to < >..


Glenn A. Walsh, Project Director,
Friends of the Zeiss < >
Electronic Mail - < >
SpaceWatchtower Blog: < >
Also see: South Hills Backyard Astronomers Blog: < >
Barnestormin: Writing, Essays, Pgh. News, & More: < >
About the SpaceWatchtower Editor / Author: < >
Twitter: < >
Facebook: < >
Author of History Web Sites on the Internet --
* Buhl Planetarium, Pittsburgh:
  < >
* Adler Planetarium, Chicago:
  < >
* Astronomer, Educator, Optician John A. Brashear:
  < >
* Andrew Carnegie & Carnegie Libraries:
  < >
* Civil War Museum of Andrew Carnegie Free Library:
  < >
Duquesne Incline cable-car railway, Pittsburgh:
  < >
* Public Transit:
  < >