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Economy of Christmas Island

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, the $34 million Christmas Island Casino and Resort opened in 1993, but was closed in 1998. As of 2011, the resort has re-opened without the casino.

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. The Howard government built a temporary immigration detention centre on the island in 2001 and planned to replace it with a larger, modern facility at North West Point until Howard's defeat in the 2007 elections.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Christmas Island"

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