Explainer: Moon mining - Why major powers are eyeing a lunar gold rush?

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Explainer: Moon mining - Why major powers are eyeing a lunar gold rush?
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Russia launched its first moon-landing spacecraft in 47 years on Friday amid a race by major powers including the United States, China and India to discover more about the elements held on the earth's only natural satellite.

Some sort of infrastructure would have to be established on the moon. The conditions of the moon mean robots would have to do most of the hard work, though water on the moon would allow for long-term human presence.says that no nation can claim sovereignty over the moon - or other celestial bodies - and that the exploration of space should be carried out for the benefit of all countries.

But lawyers say it is unclear whether or not a private entity could claim sovereignty over a part of the moon. "Space mining is subject to relatively little existing policy or governance, despite these potentially high stakes,"states that no part of the moon "shall become property of any State, international intergovernmental or non-governmental organization, national organization or non-governmental entity or of any natural person.", named after NASA’s Artemis moon program, to seek to build on existing international space law by establishing “safety zones" on the moon.

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