Luxembourg is the first European country to set out a formal legal framework which ensures that private operators working in space can be confident about their rights to the resources they extract, i.e. valuable resources from asteroids. Such a legal framework will be worked out in full consideration of international law. The Grand-Duchy aims to participate with other nations in all relevant fora in order to agree on a mutually beneficial international framework.
The Luxembourg Government announced a series of measures to position Luxembourg as a European hub in the exploration and use of space resources. Among the key steps undertaken, as part of the SpaceResources.lu initiative, will be the development of a legal and regulatory framework confirming certainty about the future ownership of minerals extracted in space from Near Earth Objects (NEOs) such as asteroids.
FAQ...Note. Existing international legislation was adopted in the 1960s when space mining was a science fiction. Today, it can be said that these rules prohibit any appropriation of space and celestial bodies, but not of the materials which can be found there.
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