Obama signs space mining exploration bill into US law

By Liz Gyekye
Published: Thursday, 26 November 2015

US President Barack Obama has signed into law a new act, called the US Commercial Space Launch Competitiveness Act, 2015, which aims to facilitate asteroid mining in space. Space houses a myriad of industrial minerals such as olivine and rare earths.

US President Barack Obama has signed into law a new act that recognises the right of US citizens to own asteroid resources they obtain in space.

The new law is considered a major boost, by space mining specialists, to asteroid mining as it encourages the commercial exploration and utilisation of resources from asteroids...

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