PHOSPHATE MINEEconomy
Phosphate mining had been the only significant economic activity, but in December 1987 the Australian Government closed the mine. In 1991, the mine was reopened by a consortium which included many of the former mine workers as shareholders. With the support of the government, a $34 million casino opened in 1993, but was closed in 1998 and has not re-opened. The Australian Government in 2001 agreed to support the creation of a commercial spaceport on the island, however this has not yet been constructed, and appears that it will not proceed in the future. The Howard Government built a temporary immigration detention centre on the island in 2001 and planned to replace it with a larger, modern facility located at North West Point until Howard's defeat in the 2007 elections.
Phosphate mining had been the only significant economic activity, but in December 1987 the Australian Government closed the mine. In 1991, the mine was reopened by a consortium which included many of the former mine workers as shareholders. With the support of the government, a $34 million casino opened in 1993, but was closed in 1998 and has not re-opened. The Australian Government in 2001 agreed to support the creation of a commercial spaceport on the island, however this has not yet been constructed, and appears that it will not proceed in the future. The Howard Government built a temporary immigration detention centre on the island in 2001 and planned to replace it with a larger, modern facility located at North West Point until Howard's defeat in the 2007 elections.
