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Moon Mining Could Begin As Early As 2025 - OilPrice.com
Jul 04, 2020 1 min, 42 secs

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MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration.

Plans to start mining the Moon as early as 2025 became more attractive this week after a US National Aeronautics and Space Administration (NASA) team found evidence that the Earth’s natural satellite may, underneath its surface, be richer in metals than previously thought.

The directive classifies outer space as a “legally and physically unique domain of human activity” instead of a “global commons,” paving the way for mining the moon without any sort of international treaty.

“Americans should have the right to engage in commercial exploration, recovery, and use of resources in outer space,” the document states, noting that the US had never signed a 1979 accord known as the Moon Treaty.

The proposed global legal framework for mining on the moon, called the Artemis Accords, would be the latest effort to attract allies to the National Space Agency’s (NASA) plan to place humans and space stations on the celestial body within the next decade.

The country’s space agency NASA had previously outlined its long-term approach to lunar exploration, which includes setting up a “base camp” on the moon’s south pole. 

Luxembourg, one of the first countries to set its eyes on the possibility of mining celestial bodies, created in 2018 a Space Agency (LSA) to boost exploration and commercial utilization of resources from Near Earth Objects

One of the most touted was Northern Ontario-based Deltion Innovations partnership with Moon Express, the first American private space exploration firm to have been granted government permission to travel beyond Earth’s orbit

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration

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