Space mining decades away: NASA scientist – by Peter Rakobowchuk (Canadian Press – May 12, 2015)

MONTREAL – Prospecting on the moon or on asteroids is probably a couple of decades away, a NASA scientist told a symposium on planetary and terrestrial mining Tuesday.

The event, part of the Canadian Institute of Mining’s annual convention, heard that issues like ownership and management of resources in outer space still have to be worked out.

One of the main problems is that no country owns anything in space. One Canadian geologist suggests a regulatory system is needed for any future mining in space.

Joe Hinzer said the mining industry on Earth is regulated by an international committee under a United Nations umbrella that sets standards in different countries.

“I think that’s the kind of approach that might work for extraterrestrial stuff as well,” he said. Hinzer also cited Europe as an example, noting it has developed its own parliament and legal system and operates in a manner similar to that of the United Nations.

But John Gruener, a planetary scientist at NASA, doesn’t expect space prospecting to happen any time soon.

He said in an interview that many space agencies are currently concentrating on small robotic missions to the moon.

“They can be accomplished in the near term, in five to 10 years,” Gruener added. The missions, he said, will focus on ice water that’s already been discovered in lunar craters.

For the rest of this article, click here:

One Response to Space mining decades away: NASA scientist – by Peter Rakobowchuk (Canadian Press – May 12, 2015)

  1. Nicholas Gust May 12, 2015 at 11:46 pm #

    There is a company in Seattle, WA that is working on space mining. They are called Planetary Resources. Pretty cool concept. I think we should perfect ocean floor mining before we jump into space though.