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RONPhos Handover in Nauru is a significant event marking the transition of phosphate mining operations from a foreign company to the local government. Phosphate mining has been a crucial part of Nauru's economy, once making it one of the richest countries per capita due to its extensive phosphate deposits.
The original phosphate operations were managed by colonial and foreign entities, which led to extensive economic benefits for those companies. Over time, there was a growing sentiment for Nauruan ownership and control over these resources.
The RONPhos (Republic of Nauru Phosphate Corporation) Handover is commemorated on January 28th every year. This day reflects when the government of Nauru took full control over its phosphate mining operations from the previous company, which was a consortium owned by Australia, New Zealand, and Britain called the Nauru Phosphate Corporation (NPC). The handover represented an important step towards self-determination and economic independence.
While RONPhos Handover is not characterized by widespread traditions like some other national holidays, it remains an essential part of Nauru's historical narrative. It symbolizes sovereignty over natural resources and highlights the journey towards managing their own economic destiny.