Luxembourg sets aside €200m to fund space mining ventures

June 5, 2016

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Luxembourg on Friday upped its bid to be a leader in the nascent space mining industry by setting aside €200-million ($223-million) to fund initiatives aimed at bringing back rare minerals from space. Luxembourg in February announced plans for a law that would make it the first state in Europe to give legal clarity to the commercial exploitation of asteroids. A similar law was passed by the United States in November.

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