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Encyclopedia > Nauru Phosphate Corporation
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The Nauru Phosphate Corporation (NPC) is a government-owned company controlling phosphate mining in Nauru. The economy of Nauru is almost wholly dependent on phosphate which has led to environmental catastrophe. The island's phosphate deposits were depleted by 2000 although it is believed that some small-scale mining is still in progress.


In 1906 the Pacific Phosphate Company started mining phosphates with the support of the German government. After World War I Nauru was given in trust to Britain, Australia and New Zealand. They established the British Phosphate Commissioners, who took over the rights to the phosphates.


In 1967 the Nauruans purchased the assets of the British Phosphate Commissioners and in 1970 the newly independent Nauru nationalised the company.


The government puts profits from the mining into a trust for the islanders. However poor investments and alleged corruption has left Nauru with little money.


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  Results from FactBites:
 
Nauru - Wikipedia, the free encyclopedia (1224 words)
Nauru is a special member of the Commonwealth and joined the United Nations as a member state in 1999.
Nauru is a small phosphate rock island in the South Pacific Ocean, south of the Marshall Islands.
Nauru's climate is extremely humid year-round because of its proximity to the Equator.
Encyclopedia: History of Nauru (1726 words)
The 1886 Anglo-German Convention led to the annexation of Nauru by Germany in 1888.
In 2001, Nauru was brought to world attention by the saga of the MV Tampa, a Norwegian cargo ship at the centre of a diplomatic dispute between Australia, Norway and Indonesia.
Nauru was also approached by the U.S. with a deal to modernize Nauru's infrastructure in exchange for suppression of the island's lax banking laws that allow activities that are illegal in other countries to flourish.
  More results at FactBites »

 
 

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