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The Great Meteor Grab
RocketAcademy writes "New regulations by the Federal government define asteroidal material to be an antiquity, like arrowheads and pottery, rather than a mineral — and, therefore, not subject to U.S. mining law or eligible for mining claims. At the moment, these regulations only apply to asteroidal materials that have fallen to Earth as meteorites. However, they create a precedent that could adversely affect the plans of companies such as Planetary Resources, who intend to mine asteroids in space."
The well-funded asteroid-miners will be able to buy the politicians and get the rules changed before they launch and call it a cost of doing business.
The not as well funded ones... well, it wouldn't be the first time lack of excess capital to pay lawyers or lobbyists stopped a project before it started.
Besides, if only the US has this law, then companies will just launch under other nations' flags and sell the minerals to countries that don't have a problem with mining asteroids.
Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
The article makes a huge logical leap: that US laws governing items on federal lands somehow apply to items that are not on federal lands (for example, the asteroid belt). This is akin to saying that US antiquity laws would prevent a US citizen from prospecting for fossils in, say, Canada. What a load of baloney. The author is trying to conflate and confuse two issues (mining in space and prospecting on US federal lands) which are utterly unrelated.
Nebulo
I guess the other side of that is, "Why come up with a way to mine an asteroid if the legal semantics won't allow you to mine it anyway?"
I agree that it's probably not a huge issue that can't be ironed* out, though.
* Yeah, I did that. Deal with it.
I doubt it's a problem. An Asteroid is not a Meteorite.
"A meteorite is a natural object originating in outer space that survives impact with the Earth's surface" - Wikipedia - Meteorite
So unless someone plans on mining an asteroid by slamming it into the planet, they probably don't have to deal with laws pertaining to meteorites. There is also the fact that US law does not extend to the Asteroid Belt.
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The attached articles are talking about regulations for metorites found on the surface of federal land. Last time I checked (1) asteroids aren't metorites until they fall out of the sky[1]; (2) asteroids in space aren't found on the surface of federal lands; and (3) the U.S. Gov't has no jurisdiction out where thar be asteroids.
Total fail.
1. "A meteorite is a natural object originating in outer space that survives impact with the Earth's surface." Wiki source.
Courts have long established that meteorites belong to the owner of the surface estate. Therefore, meteorites found on public lands are part of the BLM’s surface estate, belong to the federal government, and must be managed as natural resources in accordance with the FLPMA of 1976."
In this case, I'm thinking that claiming that these changes will somehow apply to asteroids in space is a very long stretch. Especially since they don't apply to the significant volume of privately owned land in this country, let alone the rest of the world.