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The government puts profits from the mining into a trust for the islanders. This trust reached a peak of A$1 billion, returning approximately 14% annually. Poor investments and corruption have left the trust fund nearly empty and therefore Nauru with little money. In the year 1948, revenues from phosphate mining were A$745,000.
Nauru also participates in the Commonwealth and Olympic Games. Recently, Nauru became a member country of the International Renewable Energy Agency (IRENA). The Republic of Nauru became the 189th member of the International Monetary Fund in April 2016. Nauru is a republic with a parliamentary system of government. [67]
The damage done through mining extends further by ocean acidification and coastal erosion, these have threatened the terrestrial and marine biodiversity. [8] The people of Nauru also face continued negative health effects from the mining in the form of phosphate dust pollution and cadmium pollution, tainting the water and air quality. [8]
The highest selling arcade game of the year is F-1. 1977 – The Atari Video Computer System (later the Atari 2600) is released as the first widely popular home video game console. [5] 1978 – Space Invaders is released, popularizing the medium and beginning the golden age of arcade video games. [6]
In the same year the Nauru government budget shows that income from licensing foreign fishing vessels was over US$3,000,000. Nauru needs to import almost all basic and capital goods, including food, water, fuel, and manufactured goods, with Australia and New Zealand as its major import sources. In 2004 Nauru's imports totaled about US$19.8 million.
The tiny Pacific island nation of Nauru has notified a U.N. body of plans to start deep-sea mining, giving the International Seabed Authority (ISA) two years to complete long-running talks on ...
List of 4X video games; List of artillery video games; List of grand strategy video games; List of massively multiplayer online real-time strategy games; List of massively multiplayer online turn-based strategy games; List of multiplayer online battle arena video games; List of real-time strategy video games; List of real-time tactics video games