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Ellis' discovery of phosphate excited John T. Arundel of the Pacific Islands Company and the company decided to pursue rights and access to Nauru's lucrative resource. The negotiations to pursue rights to the phosphate involved four parties: the British and German governments, the newly reorganised Pacific Phosphate Company, and Jaluit-Gesellschaft (a German mining company that had been ...
1940 map of Nauru showing the extent of the phosphate mined lands. Mining operations on Nauru began in 1906, at which time it was part of the German colonial empire. The island had some of the world's largest and highest quality deposits of phosphate, a key component in fertiliser, making it a strategically important resource on which agriculture in Australia and New Zealand depended.
The effects of phosphate mining in Nauru have had significant negative impacts on the island's environment and economy. [158] One of the most prominent effects of the phosphate mining in Nauru is the extensive environmental degradation that has occurred as a result of the extraction of phosphates. [159]
Roughly 80% of Nauru has been decimated by strip mining. The effects of phosphate mining in Nauru have had significant negative impacts on the island's environment and economy. [1] One of the most prominent effects of the phosphate mining in Nauru is the extensive environmental degradation that has occurred as a result of the extraction of ...
The government of Nauru stated that Nauru has proudly taken a leading role in developing the international legal framework governing seafloor nodules in the international seabed area (the Area). [18] The authorities further stated that the Draft Exploitation Regulations have been in development for a long time, and are ready to be adopted in a ...
The Nauru Rehabilitation Corporation is a state-owned enterprise established by the Republic of Nauru in May 1999, following the passing of the Nauru Rehabilitation Corporation Act in July 1997. Its primary mission is to rehabilitate land destroyed by the phosphate industry , both before and after its independence, making them once again ...
Following the Nauru Agreement of 2 July 1919 the interests of the PPC in the phosphate deposits in Nauru and Ocean Island were acquired by the governments of the United Kingdom, Australia and New Zealand, which carried out mining under the direction of the Board of Commissioners, which represented the three governments. [13] [12]
On 2 June 2015, an agency of Bendigo and Adelaide Bank, Australia's fifth largest bank, was established in Nauru by the Department of Finance. [ 18 ] [ 19 ] Effective from the end of April 2016, Westpac , one of Australia's largest banks, ceased to have any dealings with the Nauru government. [ 20 ]