Mining industry under pressure, Abbott says

Tony Abbott has said the mining industry is under pressure from the Government at today’s AMEC convention.

Speaking at the convention, he stated that the tax was drafted by the Government and the major three miners – BHP, Rio Tinto and Xstrata, and is unfair.

He stated that a mining tax that is negotiated with just three companies is not good for the industry and smaller players.

“Serious governments don’t divide our society, and our industry,” Abbott stated.

“The future of mining depends on new and innovative companies and the last thing we need is an unnecessary new tax that taxes innovation.”

He went on to say that the Coalition are opposed to mining tax and will repeal the MRRT if brought in to govern.

Abbott also took the opportunity to hit out at the proposed carbon tax, stating that “the carbon tax based on lies”.

Abbott explained that tax is more likely to hurt Australian industry and consumers than it will aid in decreasing global emissions.

“Chinese emissions forecast to rise by 500% in next decade, we could stop emitting altogether but China’s increase in emissions would more than make up for complete a stoppage in this country.”

“It won’t make a difference to the environment, but will hurt Australian workers and consumers.”

The AMEC Convention 2011 will continue for the next two days.

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