It's worth noting that the mining tax was worded so that it...

It's worth noting that the mining tax was worded so that it could be altered to include other commodities. People noticed.

Gold miners still worried about resources tax
Josh Bavas

Updated July 08, 2010 08:16:00

North Queensland gold mining executives say they are still concerned the Federal Government could again change the super profits mining tax if re-elected.

Last week, Prime Minister Julia Gillard announced the tax - revised from 40 to 30 per cent - would only apply to iron ore and coal.

But Citigold chief operating officer Chris Towsey says he fears the tax could be changed to include other resources, including gold.

"The industry I think is sitting back and waiting - we've taken the Government at its word," he said.

"The industry has withdrawn its advertising campaign but it hasn't necessarily abandoned that.

"It's still sitting there waiting to ensure that the Government actually delivers on its promise.

"There's no guarantee that once that tax is in, it cannot then be modified to include other companies.

"It won't take long before someone in Treasury realises that once that tax is in, they can then change it or modify it to include the rest of the industry."