June 24 (Reuters) – Mining companies will push Australia’s new prime minister to drop the rate on a new tax on the industry below the proposed 40 percent level, the Minerals Council of Australia said on Thursday.
“The rate is very important. It’s a real destroyer of value,” the council’s chief executive Mitchell Hooke told a business forum.
He added the miners will also look closely at a “package deal,” indicating there were other areas where it hoped the new leader Julia Gillard will be open to negotiate. (Reporting by Sonali Paul; Editing by Ed Davies)