Asteroid Mining Gets Legislative Support

Asteroid Mining Gets Legislative Support

Asteroid Mining smallU.S Asteroid mining legislation opens up new frontier exploration projects

The U.S Congress passed the Commercial Space Launch Competitiveness Act this week, a new piece of legislation that hopes to open up a new frontier for the mining and minerals processing industry — outer space.

The legislation comes as the National Aeronautics and Space Administration (NASA) continues to prepare for the September 2016 launch of the Origins Spectral Interpretation Resource Identification Security – Regolith Explorer (OSIRIS-REx) mission. OSIRIS-REx will travel to Bennu, a near-earth asteroid.This mission, designed to test the feasibility of Asteroid mining, and conduct minerals exploration activities, will return to earth with an asteroid ore sample for assessment in 2023.

The Act provides an incentive for companies looking to join this new space race, with a specific provision stating that any asteroid resources obtained in outer space are the property of the entity that obtained them.

The Act directs the U.S Department of Transportation to begin observing the commercial space industry, with a view to assessing the viability of mining asteroids, and developing best practices for conducting mining activities in space. It instructs the Department to work towards developing safety standards and regulations for potential new industries, and to contract an independent organization identify the infrastructure required to support an emerging industry in space based on observations of the fledgling space industry.

The legislation also provides new opportunities for companies interested in exploring this frontier. It repeals some previous limits imposed on space launches , so the DOT can now issue permits for rockets and reusable launch vehicles sent into space for training or experimental purposes aligned with this endeavour. The legislation prohibits launches of such spacecraft under a DOT issued experimental permit for commercial hire outside the parameters of this industry development purpose.

This new legislative process has a 10 year window, with DOT to collect the findings from investigations, and findings gathered from the 2023 return of NASA’s OSIRIS-REx, in order to propose new industry regulations from December 31, 2025.

The Aims of the Commercial Space Launch Competitiveness Act

The Bill empowers DOT to:

  • promote commercial space launches and reentries by the private sector;
  • facilitate government, state, and private sector involvement in enhancing U.S. launch sites and facilities;
  • protect public health and safety, safety of property, national security interests, and foreign policy interests of the United States; and
  • consult with another executive agency, including DOD or NASA, as necessary to provide consistent application of commercial space launch licensing requirements.

It directs the President of the United States, working through Federal Agencies, to:

  • facilitate the commercial exploration and utilization of space resources to meet national needs;
  • discourage government barriers to the development of economically viable, safe, and stable industries for the exploration and utilization of space resources in manners consistent with the existing international obligations of the United States; and
  • promote the right of U.S. commercial entities to explore outer space and utilize space resources, in accordance with such obligations, free from harmful interference, and to transfer or sell such resources.

Further information:

Commercial Space Launch Competitiveness Act:

OSIRIS-REx mission details: