Federal minister for resources Martin Ferguson is due to meet Queensland mining giants on Tuesday over the federal government's new mining tax.
Prime Minister Julia Gillard last Friday dropped the 40 per cent resources super profits tax and replaced it with a 30 per cent minerals resource rent tax for only iron ore and coal.
Only 320 companies will be affected instead of 2500.
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The current petroleum resource rent tax will also be extended to all onshore and offshore oil, gas and coal seam methane projects.
Mr Ferguson will address Queensland Resources Council members on the new tax arrangements at the Sofitel Hotel in Brisbane from 1pm (AEST) Tuesday.
