Getting ready to exploit the proposed mining tax in the fast approaching elections the coalition opposition has promised to rescind the Resources Super Profits Tax (RSPT) under a Tony Abbot led government.
This comes at a time when the Australian government is under pressure from all sides to secure a compromise with the mining industry by the end of the week.
Opposition resources spokesperson Ian Macfarlane was speaking on ABC Radio on Thursday when he said that the deal would be done with the government holding a gun to the miners' head. He said that it was almost impossible to imagine a deal which would not leave the mining industry less competitive internationally.
On Andrew Forrest's statement that he saw a compromise in sight, Mr. Macfarlane said that he has a right to his own view, but it did not represent the view of the entire mining industry. He also said that Ms. Gillard was looking for a political solution to a business and economical problem.