Asteroid Mining

There is an interesting article in Popular Mechanics concerning mining asteroids. The article uses a good analogy of the territorial dispute in the South China Sea as an example of what can happen if mechanism for the coordination of space mining is not developed. Since the United States has already developed some law legalizing the mining of asteroids and Luxembourg is on a similar path and the UAE is announcing similar intentions, these three countries should take the lead in creating such a mechanism. This would start the ball rolling so to speak and prevent any disputes in space over mineral rights.

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