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One apparently successful development project was in 1988, whereby the Royalty Trust purchased 600 acres (2.4 km 2) of vacant, residentially zoned land near Portland, Oregon. Purchased for $16 million from Homer Williams and called Forest Heights, it was controlled by the Nauru trust until 75% of the allotments were sold, when the homeowners ...
Phosphate mining, Nauru, 1919. 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 phosphates. [2]
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 ]
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 ...
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 ...
These pillars of rock are what remains after the island's history of phosphate mining which decimated the landscape. [1] Today the area is the focal point of the Government of Nauru 's Higher Ground Initiative which would see the island's land restored so that the country's population can move inland to escape the effects of climate change and ...
Phosphate mining, Nauru, 1919. 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]
BEIJING (Reuters) -A reporter from Xinhua landed in Nauru on Wednesday, the first from China's official news agency to step foot on the remote Pacific Islands nation after it ditched Taiwan for ...