The use of Moon resources was also part of Newt Gingrich's unsuccessful candidacy for the Republican party’s nomination for the US presidency in 2012. Race for space US policy on mining the moon challenges the long-held idea of space as a ‘global common’ The global management of Antarctica can offer a framework for space governance. Scott Shackelford, ... there have been further political efforts to remove perceived legal hurtles to space mining. Lunar exploration started as an adventure, now prospectors also see dollar signs in that smiling cheese. The colonization of the moon and Lunar mining has always been a well-established theory for many decades. (Getty/Giuseppe Cacace) U.S. seeks to change the rules for mining the Moon At the moment, no company — or nation — is yet ready to claim or take advantage of private property in space. On the Moon, water-ice is not the only potentially lucrative resource. But, for now, it seems that plans rely upon establishing a cost-effective space transport system, perfecting reusable rockets, to bring us back to Earth.

Race for space US policy on mining the moon challenges the long-held idea of space as a ‘global common’ The global management of Antarctica can offer a framework for space governance. There May Be Something Worth Mining on the Moon Scientists think they've discovered a gargantuan metal deposit on the moon's far side. And NASA already has plans to land humans on Moon … Apart from the traditional space-faring nations, the India has previously indicated its interest in mining the lunar surface. Moon-mining enthusiasts were particularly gleeful this week when researchers claimed that they had found definitive evidence that water ice exists on the surface of the Moon. uploaded by neomam. The asteroid mining market is already valued at up to trillions of dollars, but a single drill from earth has yet to make it to space..

The elements we might mine on the moon. This infographic from 911Metallurgist.com explains how we could mine it. Space Investors, Rejoice! The moon holds hundreds of billions of dollars of untapped resource. Goldman Sachs Research has predicted that the world’s first trillionaire will make their fortune mining asteroids.

The executive order makes clear that the US doesn’t view space as a “global commons”, opening the way for the mining of the moon without any sort of international treaty. US accused of trying to colonise space with mining the moon executive order Scientists say planets in danger of becoming another 'arena for war' between Spacefarers US and Russia (Getty/Giuseppe Cacace) U.S. seeks to change the rules for mining the Moon At the moment, no company — or nation — is yet ready to claim or take advantage of private property in space. The Lunar Gold Rush: How Moon Mining Could Work. Scott Shackelford, ... there have been further political efforts to remove perceived legal hurtles to space mining. US seeks to change the rules for mining the Moon May 19, 2020 8.16am EDT. US seeks to change the rules for mining the Moon May 19, 2020 8.16am EDT. These new space-mining corporations are keen to get in early on what they see as an emerging market of untold riches.

Whether in three or 30 years time, mining on the Moon will have an enormous impact on space exploration, the REM sector and a multitude of other supporting industries.