News•Business• 13.07.2017 • Jean-Michel Gaudron and Delano staff
The space mining law passed on 13 July 2017 defines the conditions for companies in order to get a Luxembourg licence for a space mining mission. Pictured: A “Resource Prospector” is tested at Nasa’s Kennedy Space Center in Florida, 28 June 2017. Image: NASA/Kim Shiflett
Luxembourg on Thursday parliament passed a law providing a legal basis for the commercial exploitation of minerals from space, commonly referred to as space mining.
The law, which was passed by 55 votes, against two (from Déi Lénk), defines the conditions which companies must fulfil to get a Luxembourg licence for a space mining mission.
The bill has been under development for the past 18 months and has been one of the government’s priorities in order to position the country as a trailblazer in the area of space resources.
Also on Thursday, the government adopted a motion proposed by Laurent Mosar, the CSV MP, in order to closely monitor the space mining project.
It called for ongoing international negotiations in the space mining strategy with a view to adopting a “multilateral standard framework”, to develop a “master plan” within the coming year that will involve the parliament in major decisions and inform them of changes, notably when it comes to finances.
The motion was adopted by 54 voices in favour, with one against and two abstentions.