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What is Mining Right

Global Issues Surrounding Outer Space Law and Policy
Mining Right means an exclusive license or licenses to commercially mine the gold and other metals or minerals in the Project Area. Mining rights are property rights to exploit and develop an area for the minerals it harbors. Mining rights are the right to dig and acquire registered minerals and other minerals existing in similar deposits in certain land areas (mining areas) registered under the Mining Act. The detailed provisions of mining rights are stipulated in the Mining Law. Mineral rights can refer to sedentary minerals that do not move below the Earth's surface or fluid minerals such as oil or natural gas. There are two types of mining rights such as exploration right and mineral rights.
Published in Chapter:
Main Contents and Comment on the 1979 Moon Agreement of 1979
Copyright: © 2021 |Pages: 7
DOI: 10.4018/978-1-7998-7407-2.ch006
Abstract
This chapter explains the ratification, main contents, and prospect of the 1979 Moon Agreements. The Agreement Governing the Activities of States on the Moon and Other Celestial Bodies, better known as the Moon Treaty or Moon Agreement, is a multilateral treaty that turns jurisdiction of all celestial bodies (including the orbits around such bodies) over to the participant countries. Thus, all activities would conform to international law, including the United Nations Charter. It has not been ratified by any state that engages in self-launched human spaceflight or has plans to do so (e.g., the United States, the larger part of the member states of the European Space Agency, Russia [former Soviet Union], People's Republic of China, and Japan). As of January 2019, 18 states are parties to the treaty. As the current Moon Agreement has emerged as a problem as the United States and other major powers are not joining it, many lawyers, professors, and scientists urged that the powers ratify it quickly.
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