GA 4 : SPECPOL

Agenda Item: Colonization and Privatization of Space
Language: English

Mining rights and economic utilization of outer space bodies, in terms of “international law”, it is an interesting subject with the questions of who has “the ownership” of these space bodies, such as planets, asteroids, and the moon, and who has “the right to mine” them for economically valuable minerals and other resources? Back in the history, the decision made by the international community was that “the outer space is a province of mankind”, and one can only use them for the “benefit of all mankind”. While sounding great in principle, it doesn’t determine how the mining rights will be dealt with when more than one parties (whether be the states or private enterprises) try to extract economically valuable resources from space bodies. Well, we had never an encountered an opportunity where the mining of a space body could be technologically or economically feasible, therefore we never had a serious dispute on this matter.

Today, in the year 2149, where our technology has progressed enough to make inter-planetary travel in large scale feasible, the things have changed! We have recently located an asteroid, Valerie, coming towards us. Our analysis shows that the surface of the asteroid contains a special material, named Valerion, which is impossible to produce on Earth. It is useful as an energy resource, even more efficient than Uranium or Plutonium. It can also be used as a substitute material with better properties instead of conventional metals in electronic devices, vehicles, buildings and even weapons. In 6 years, the asteroid will be close enough to us that we can send spaceships, establish mines to extract this valuable material, and bring it back home to Earth. But we must be fast, because the window of opportunity will only last for a few years before Valerie becomes too far away for feasible mining. Are we going to seize this opportunity? Who is going to do the mining, and who will own the Valerion ore brought to Earth? Humanity must decide now! ​

Under Secretary General: Oğuz Öğrenci / Assistant USG: Tolga Yeşil

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