Russia Slams Trump’s Space Mining Order Russia’s

New Post Public Reply Private Reply Replies (0) Message Board
SaltyMutt LocWolf #36193
202
Russia Slams Trump’s Space Mining Order

Russia’s space agency Roscosmos has condemned US President Donald Trump’s order signed this week, which encourages citizens to mine the moon and other celestial bodies with commercial purposes.

The government body likened the policy to colonialism and said it “hardly sets the countries to fruitful cooperation.”

“There have already been examples in history when one country decided to start seizing territories in its interest — everyone remembers what came of it,” Roscosmos’ deputy general director for international cooperation, Sergey Saveliev, said in a statement.

Trump’s order classifies outer space as a “legally and physically unique domain of human activity” instead of a “global commons,” paving the way for mining the moon without any sort of international treaty.

“Americans should have the right to engage in commercial exploration, recovery, and use of resources in outer space,” the document states, noting that the US had never signed a 1979 accord known as the Moon Treaty. This agreement stipulates that any activities in space should conform to international law.

This is not the first time the US is addressing space mining by issuing an order. In 2015, the US Congress passed a bill explicitly allowing companies and citizens to mine, sell and own any space material.

That piece of legislation included a very important clause, stating that it did not grant “sovereignty or sovereign or exclusive rights or jurisdiction over, or the ownership of, any celestial body.”

The section ratified the Outer Space Treaty, signed in 1966 by the US, Russia, and a number of other countries, which states that nations can’t own territory in space.

Trump has taken a consistent interest in asserting American power beyond Earth, forming the Space Force within the US military last year to conduct space warfare where needed.

The country’s space agency NASA had previously outlined its long-term approach to lunar exploration, which includes setting up a “base camp” on the moon’s south pole.

Trillion-dollar market
The US isn’t the first nor the only nation to jump on board the lunar mining train.

Russia has been pursuing plans in recent years to return to the moon, potentially travelling further into outer space.

Roscosmos revealed in 2018 plans to establish a long-term base on the moon over the next two decades, while President Vladimir Putin has vowed to launch a mission to Mars “very soon.”

Premium: U.S. Oil Production Has Already Peaked

Luxembourg, one of the first countries to set its eyes on the possibility of mining celestial bodies, created in 2018 a Space Agency (LSA) to boost exploration and commercial utilization of resources from Near Earth Objects.

Unlike NASA, LSA does not carry out research or launches. Its purpose is to accelerate collaborations between economic project leaders of the space sector, investors and other partners.

Thanks to the emerging European network, scientists announced last year plans to begin extracting resources from the moon as early as 2025.

The mission, in charge of the European Space Agency in partnership with ArianeGroup, plans to extract waste-free nuclear energy thought to be worth trillions of dollars.

Both China and India have also floated ideas about extracting Helium-3 from the Earth’s natural satellite. Beijing has already landed on the moon twice in the 21st century, with more missions to follow.

In Canada, most initiatives have come from the private sector. One of the most touted was Northern Ontario-based Deltion Innovations partnership with Moon Express, the first American private space exploration firm to have been granted government permission to travel beyond Earth’s orbit.

Space ventures in the works include plans to mine asteroids, track space debris, build the first human settlement in Mars, and billionaire Elon Musk’s own plan for an unmanned mission to the red planet.

Geologists as well as emerging companies, such as US-based Planetary Resources, a firm pioneering the space mining industry, believe asteroids are packed with iron ore, nickel and precious metals at much higher concentrations than those found on Earth, making up a market valued in the trillions.

By Mining.com

https://oilprice.com/Energy/Energy-General/Ru...Order.html
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Curve Memberships: A New Path for Dental Practices

Updated Category News Views 0

Revolutionizing Dental Practice Management Ever met a dentist who says they love dealing with insurance bureaucracies? Yeah, me neither. Curve Dental's latest gambit into membership plans is aiming to slice right through that mess. They've launched a shiny new component aptly named Curve Memberships. This isn't just some fly-by-night addon; it's about deep...

Continue Reading
Volato Group Faces Merger Scrutiny Amid SOAR Deal

Updated Category News Views 3

Unraveling the Volato Merger Drama Boy, the plot thickens with Volato Group, Inc. (SOAR), and it ain’t the first time we’ve seen this kind of shuffle in the market. Now, Volato’s got itself tangled up with Alignment Engine Inc. through a proposed merger. Sounds routine at first; we all know mergers are part of the corporate game. But here's the twist—shareholders...

Continue Reading
IMBC Kicks Off Fall Enrollment for Healthcare Training

Updated Category News Views 2

Diving into Hands-On Healthcare Training Opportunities Alright, let's talk straight about what's on the docket at the Institute of Medical and Business Careers (IMBC). They've just thrown open the doors for fall enrollment at their Erie and Pittsburgh campuses, focusing on getting folks trained up quick for the healthcare trenches. We're talking about roles that are...

Continue Reading
Hivelocity's Outlet Store Slashes Server Wait Times

Updated Category News Views 3

Hivelocity Throws A Lifeline Amid Supply Chain Bottlenecks You ever tried getting your hands on the latest tech gadget only to find it's back-ordered till next Christmas? Well, that's the headache Hivelocity is sidestepping for customers with their new Outlet Store. By giving a big, hearty shrug to long hardware wait times, they're offering fully functional dedicated...

Continue Reading
Max Stock Expands with Strategic Logistics Center

Updated Category News Views 0

Expansion in Full Swing In a move that might get tongues wagging in the boardrooms across Israel, Max Stock Limited (TASE: MAXO) just signed a hefty lease for a logistics center in Ofakim. This isn't just a modest expansion—it's a jaw-dropper at about 45,000 square meters. We're talking about a major upgrade that'll beef up their logistical backbone as they continue...

Continue Reading
Lindian's Bold Leap into Rare Earths Processing

Updated Category News Views 2

Changing the Game in Rare Earths When Lindian Resources announces a partnership, it's not just window dressing. This time, they've linked arms with Carester SAS for a hefty venture into oxide separation. The scope? An 8,000-tonne REO facility in Kazakhstan, a place already stamped as a geological treasure chest. We're staring at what could potentially be a new dawn for...

Continue Reading
PowerBank Bags Key Solar Project, Eyes Major Gains

Updated Category News Views 0

A New Milestone for PowerBank Sometimes, out of the blue, a company bags a contract that seems to shift the momentum overnight. That's what's happening with PowerBank Corporation. They've just scored a big win with a contract from SUNY Oneonta to build a 1.6 MW ground-mount solar project. Talk about striking gold in the solar energy field! A Competitive Win Procuring this...

Continue Reading
K-Royal Culture Festival 2026: A Global Heritage Experience

Updated Category News Views 3

The K-Royal Culture Festival is rolling out in Fall 2026 with a flair that promises to capture the globetrotters' imaginations and then some. South Korea's signature national heritage jamboree is popping off from October 7 through October 11, 2026, at four magnificent palaces and the Jongmyo Shrine. If you're into discovering the depths of a place's history through...

Continue Reading
Power Solutions Litigations Prompt Investor Caution

Updated Category News Views 2

A Storm Brews Over Power Solutions International Look, if you're holding Power Solutions International (NASDAQ:PSIX) in your portfolio, it's time to perk up. The air's thick with talk that Kuehn Law, the firm with a head for shareholder litigation, is on their case. They're poking around, seeing if some executives got a little too creative with the truth. Word on the...

Continue Reading
Mind With Heart Robotics Eyes European Market Surge

Updated Category News Views 0

A New Play in Robotics Unfolds Just when you think you've seen it all, here comes Mind With Heart Robotics dropping their AnAn panda robot onto the European stage at IFA Berlin 2026. It's a classic story in the making—an award-winning gadget making noise in the artificial intelligence realm, now eyeing European soil. You could hear the buzz from Berlin to Brussels about...

Continue Reading

Top 5 Most Recently Viewed Articles

Molina Healthcare Faces Class Action Amid Significant Stock Drop

Updated Category News Views 344

Molina Healthcare's Recent Stock Struggles Molina Healthcare, Inc. (NYSE: MOH), a leading provider of managed healthcare services, is currently facing significant challenges as its shares dropped by 16%. This decline comes on the heels of a lawsuit filed by Bleichmar Fonti & Auld LLP, which alleges that the company violated federal securities laws. Investors are...

Continue Reading
Innovative Biopolymer Paper-Based Packaging by UPM and Eastman

Updated Category News Views 219

Innovative Paper-Based Food Packaging Solution UPM Specialty Papers and Eastman have unveiled an exciting new venture — a biopolymer-coated paper packaging solution that meets the stringent requirements for food applications. This innovative packaging is created to provide superior grease and oxygen barriers, ensuring that food remains fresh and safe for consumption. By...

Continue Reading
Impressive Growth of First Industrial Realty Trust for 2025

Updated Category News Views 164

First Industrial Realty Trust Reports Strong Performance in 2025 First Industrial Realty Trust, Inc. (NYSE: FR), a prominent owner, operator and developer of logistics real estate, recently shared its financial results for 2025. The reported diluted net income available to common stockholders per share (EPS) stood at $0.59 for the fourth quarter, showing an increase from...

Continue Reading
Qcells Sets New Benchmark in Tandem Solar Cell Efficiency

Updated Category News Views 184

Qcells Achieves Unprecedented Tandem Solar Cell Efficiency Qcells, a renowned provider of energy solutions, has made headlines with its remarkable achievement in the solar energy sector, reaching a world record efficiency of 28.6% for tandem solar cells. This milestone was recorded on a full-area M10-sized solar cell that is ready for mass production, showcasing not just...

Continue Reading
Group14 Technologies Revolutionizes Battery Performance Standards

Updated Category News Views 164

Group14 Technologies Sets New Performance Standards in Silicon Batteries Group14 Technologies, a trailblazer in advanced silicon battery materials, recently announced a groundbreaking advancement in battery technology. Their innovative product, SCC55®, is leading the industry by enabling silicon battery manufacturers to achieve over 1,500 charge cycles, with some...

Continue Reading