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Jun 3, 2016

Luxembourg says law legalizing mining asteroids will be completed

Posted by in categories: law, space

I still believe we need some sort of Environmental Protection Oversight in Space with the space junk already much less with mining.


One of Europe’s smallest states, the Grand Duchy of Luxembourg, cast its eyes to the cosmos on Friday, announcing it would draw up a law to facilitate mining on asteroids.

Extracting precious metals, rare minerals and other valuable commodities on passing asteroids is a staple of science fiction, but Luxembourg says incentives are urgently needed to turn this dream into fact.

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