sustainable space exploration and use: space mining in present and future

摘要

The article aims to discuss the legal challenges that the nascent industry of space mining has to overcome. This article firstly deals with relevant concepts of existing international space law which promote exploitation activities in outer space. The principle of ‘national appropriation’ is discussed which forbids public and private property rights in outer space. However, it is opined by jurists that it does not impede the ownership of 'natural resources', but only 'areas'. The Moon Agreement holds more significance with mining endeavors. The principle of Common Heritage of Mankind would be discussed with a dynamic industry-oriented interpretation. Then, the article discusses the lessons that can be learnt from other regimes for sustainable mining activities in outer space. Lastly, the article discusses the international regime divorced from the Moon Agreement keeping in view that investments demand returns and safeguards to be taken to make mining in outer space a profitable prospect.