The country's ultimate objective is to have its own space mining agency by the end of the year.
Asteroid Mining Mining News
The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission.
If NASA is successful in its mission to 16 Psyche, one of the most massive asteroids found between the orbits of Mars and Jupiter, humans will have a first ever chance of exploring a world made of iron, not rock or ice.
It may not be necessary to fire a billion-dollar spacecraft into orbit in order to find out the potential of mining asteroids.
The private space exploration firm has enough money to hit the moon by the end of 2017.
The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.
He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.
While many still see space mining as science fiction, global recruitment expert Fircroft has compiled data that proves it feasible.
The main challenge for mining near-Earth celestial bodies is neither technology nor cost, but simply “convincing people it is realistic,” says Dr. Phil Metzger.
OSIRIS-REx will collect samples from an asteroid and return them to Earth, in what it could be a pivotal step for firms currently planning to tap into the space mining business.
The mission's goal is to map a target asteroid, looking for deposits of water and other resources with visible and infrared cameras.
First time a country partners with privates to boost the development of the industry.
An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.
Scientists say the high manufacturing quality of the blade in comparison with other simple-shaped artefacts suggests a significant mastery of iron working in the Egyptian boy king's time.
Improving agriculture with crop-specific satellite images.
Funds will be used to deploy and operate the firm's Earth observation program, known as Ceres.
It’s home to just a half-million people, but the country is not thinking small when it comes to the future of mining.
Deltion Innovations aims to design a drill that would prospect for water, ice and resources on the moon and beyond.
The move comes only three months after U.S. President Barack Obama signed a space exploitation law.
Once a figment of science fiction films, the sometimes risky notion of mining in space may soon become a reality if asteroid miners have their way.
What Planetary Resources' 3D-printed model so impressive is the fact that it’s made entirely out of metal that’s not from Earth.
While the law lets citizens mine, sell and own riches mined in space, it does not grant sovereignty, ownership, exclusive rights or jurisdiction over any celestial body.
Until now, there was no legislature clarifying issues such as whether resources mined from celestial bodies could be sold on Earth.
As we turn our eyes to the skies, we should also look south to gain some insight into governance matters in outer space.
The Arkyd 3 Reflight (A3R) will spent its three-month orbiting mission sending back data to a group of scientists based at the firm’s headquarters in Redmond, WA.