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.
Amongst 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 (NEO’s) such as asteroids.
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