Nauru Phosphate Corporation

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.

Related Topics:
Phosphate - Nauru - 2000

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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.

Related Topics:
1906 - German - World War I - Britain - Australia - New Zealand

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

Related Topics:
1967 - 1970

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

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