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All Journal Pancasila International Journal of Applied Social Science
Rotham, Betty
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Humanities Economics, Econometrics & Finance Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

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Legality of Ownership of Asteroid Mining Results in Space Based on International Law Arrangements Spears, Laura; Martin, John; Rotham, Betty
Pancasila International Journal of Applied Social Science Том 1 № 01 (2023): Pancasila International Journal of Applied Social Science
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/pancasila.v1i01.75

Abstract

Asteroid mining is a proposed solution for mining elements that are commonly obtained from conventional mining as we know it today. However, until now there are no Indonesian laws and regulations, nor international agreements that directly regulate what rights miners of space resources will have. Without certainty about what property rights exist in extracted resources, the incentives to extract these resources will be greatly reduced. The research method in this journal uses a statutory approach, examining the statutory regulations concerned with the legal issues raised, and a conceptual approach, namely an approach based on legal concepts related to the legal issues at issue. Based on the facts found, it can be concluded that the concept of property rights exists and is recognized in the space law regime, even in the absence of territorial rights over celestial bodies, although its application to resource extraction remains a contentious issue.
Co-Authors Martin, John Spears, Laura