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In the early years of the Nauru Phosphate Royalties Development Trust, it financed the construction of two of five high-rise luxury condos in Hawaii (on the island of Oahu). The five towers (two completed as of October 2005) are on prime Honolulu real estate with ocean views and represent a benchmark in Honolulu luxury high-rises.
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 ...
Phosphate mining, Nauru, 1919. Since the early 1900s, Nauru has been mined for phosphorus by many countries, resulting in devastating destruction of the land. As much as 80% of the island is unusable due to phosphorus mining, which has left exposed coral pinnacles that leave the land useless and uninhabitable. [8]
With primary phosphate reserves exhausted by the end of the 2010s, Nauru has sought to diversify its sources of income. In 2020, Nauru's main sources of income were the sale of fishing rights in Nauru's territorial waters, and revenue from the Regional Processing Centre [13] (an offshore Australian immigration detention facility).
In 1970, the newly independent government of Nauru purchased the mining rights to the island's lucrative phosphate mines from their previous colonial ruler, Australia, for A$21 million. The mines brought considerable wealth to the tiny island of Nauru, with the industry bringing in around A$100–120 million annually.
Nauru was once one of the most prosperous nations in the world due to the abundance of phosphate on the island, which was mined continuously for decades. [19] However, the mining of phosphate proved unsustainable, and the process destroyed more than 80% of the island's ecosystem. [19]
The British Phosphate Commissioners (BPC) was a board of Australian, British, and New Zealand representatives who managed extraction of phosphate from Christmas Island, Nauru, and Banaba (Ocean Island) from 1920 until 1981. [1] Nauru was a mandate territory governed on behalf of Nauru by Australia, Britain and New Zealand.
Pages in category "Phosphate mining in Nauru" The following 7 pages are in this category, out of 7 total. This list may not reflect recent changes. ...