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.
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