Article I of The Outer Space Treaty, 1967, states,

Article II of The Outer Space Treaty, 1967, states,

SRAI

countries such as India and China are looking to mine the Moon for
extracting Helium-3, which is considered a clean and effi cient form of
energy. It is thought that this isotope could provide safer nuclear energy
in a fusion reactor, since it is not radioactive and would not produce
dangerous waste products

res communis’, t

“the province of all mankind”

 celestial bodies are “not subject to national appropriation by claim of

sovereignty” through use, occupation or any other means.

 the Moon Agreement, 1979

proscribes commercial exploitation of planets and asteroids by States

unless an international regime is established to govern such activities for
“rational management,” “equitable sharing” and “expansion of
opportunities” 

no country can claim any part of outer space as national territory — but
that doesn’t mean private industry can’t mine resources

 Space Law in the All India Reporter Law Journal and The Hindu.

India signed the Outer Space treaty on March 3, 1967,

which got deposited on January 18, 1982.
The principle of using space in good faith for peaceful purposes forms the
bedrock of the existing international legal regime
off-the-shelf model law solution

16,000 near-Earth asteroids considered “easily accessible” by US

company Planetary Resources
even nations who have not ratified the OST adhere to those principles because of
opinio juris, or a belief that they should

7 A number of international and space law experts have expressed the opinion “that
the fundamental provisions of [the OST] are so well-observed and respected that
they exist as an entirely different set of legal rules, outside of the textual treaty, as
“customary” international law.”28 This means that even nations who have not
ratified the OST adhere to those principles because of opinio juris, or a belief that
they should.

Art 1,2 and 6

(a) “commercial space activity” means a space activity which generates or is

capable of generating revenue or profit

Launch and transit section of commercial mining venture Executing and

recovering security interest