Literature Review Space Mining 3
Literature Review Space Mining 3
Literature Review Space Mining 3
Cara Mooney
Literature Review
time continues to go on, more concern is being raised about the amounting
process, is also damaging to the environment, and is depleting the planet’s non-
space exploration and lowers the cost of resource travel between Earth and space.
technology and shooting it into space has proved to be expensive and tedious since
much of space remains unknown. However, the legal aspect of sharing, selling, and
profiting from space is not new at all. The Outer Space Treaty of 1967 was created
during the Cold War and ensued international cooperation regarding space-exploring
nations in hopes of avoiding conflict. The treaty established peace outside of Earth
exploration being international and not private. The Moon Treaty of 1979 was also
created, though it failed to gain popularity, like the Outer Space Treaty, as it leaves the
possibility of a one-company monopoly and socialization of the moon and other celestial
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bodies, open. Despite its attempts to control space, it never limited free enterprise. The
more prevalent.
new treaties need to be developed. With the addition of private governing bodies like
the US Space Force and private companies such as SpaceX and Planetary Resources,
International Law & Management Review, stated that space should be a free market.
He goes against the Outer Space Treaty and urges nations to claim possession over
discoveries in space. His model pursues the growth of private companies in order to
allow a space economy for resources to build. Contrasting his view, Lynn Fountain, a
approach. This approach allows less-developed nations, those that would be weeded
out by Thomas’ model, to be part of the space economy and contribute internationally to
research and resources. As stated, “...such individuals [smaller nations] would have the
ability to connect with space entities they may not otherwise be able to” and “developing
nations focus more on scientific advancements that would improve conditions here on
Earth” (Skauge 831). Developing new treaties would help control possible disputes and
Asteroid resources are more valuable than Earth resources. Asteroids can
contain an abundance of metals such as iron, nickel, cobalt, and platinum as well as
resources like ice. By obtaining these resources while in space, a new era of cost-
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because it costs thousands of dollars per pound to launch things into orbit” (1). Having
the materials needed for the space industry already out of orbit eases difficulties in cost
and repair. Not only will companies be able to build and develop machinery in space,
but they also receive large quantities of material at ease. With cost being a large limiter
in the space industry, utilizing space resources for space projects increases efficiency.
the Earth. While mining asteroids provides resources for space industries, it also cuts
down the pollution on Earth as damaging pollutants are released into space.
Furthermore, this limits the need for mining to its current extent due to the easier
panels, energy-efficient lightbulbs, and electric cars all use precious metals, including
platinum, that are difficult to locate and mine on Earth” (Heins Section D). Heins shows
how the mining of precious metals can essentially be eliminated on Earth while a new
abundance of space metals can further add to clean energy sources, further eliminating
the need for mining of other resources like oil. However, he also mentions the increased
carbon dioxide emissions from space metal transportation, though with companies'
hopeful for profit, they will be able to develop more environmentally friendly rockets in
the future.
Mining in space comes with a large profit. “In 2015, the United States adopted
the Commercial Space Launch Competitiveness Act (SPACE Act), which allows private
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citizens to explore and exploit space resources for commercial purposes” (Skauge 822).
Not only have acts been passed allowing the profit of space resources, but a whole new
industry turned space race is created revolving around the commercial trade of rare
potential for significant profit. Currently, research into the feasibility of human and
organizations...and private companies…” (3). This shows that both nations and private
sectors are competing to mine resources and distribute them. By disabling the need for
themselves are extremely resilient and have similar properties to concrete…” (Section
D). This shows that extracting rare metals from them may be difficult from a concrete-
like base. It is also known that asteroids are only about 20% rare metals. The asteroid
belt lies millions of miles from Earth, showing that getting to an asteroid is a lengthy
mission. Furthermore, finding an asteroid that is suitable for mining is a tedious process,
as any asteroid could carry less of the sought-after materials than another. Mining them
also proves to be difficult due to the variation in size and movement. Overall, it is not
Space mining contributes to a lot of benefits; a major one being the environmental
impact. It could possibly lead to a cleaner economy on Earth. It also enables the
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to already be in space rather than shipped up. Whether sent back home or utilized in
space, the increase in resources allows increased profit and benefit. However, further
research needs to be done in terms of other space entities such as the Moon or Mars.
Could there be a larger abundance of material deep inside other space structures or
planets?
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Works Cited
Heins, Robert. “Shoot for the Moon, If You Miss You’ll Land among Valuable Asteroids:
Journal of Law, Science & Technology, vol. 61, no. 2, Winter 2021, pp. 219–243.
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Natural Resources.
https://web.mit.edu/12.000/www/m2016/finalwebsite/solutions/asteroids.html.
McSweeney, James. “Live Long and Prosper: The Need for a New Multilateral
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Skauge, Todd. “Space Mining & Exploration: Facing a Pivotal Moment.” Journal of
Corporation Law, vol. 45, no. 3, Mar. 2020, pp. 815–832. Business Source
Complete,
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