The major transnational mining corporations have delivered a blatant ultimatum to new Labor Prime Minister Julia Gillard — unless their demands are satisfied on the government’s proposed Resource Super Profits Tax (RSPT) in the next few days, the campaign against the tax and against the government will resume and intensify. The threat follows a protracted destabilisation campaign mounted by the miners against former Prime Minister Kevin Rudd, which helped create the conditions for last week’s conspiratorial coup orchestrated by a handful of shadowy Labor Party factional bosses.
Gillard is now beholden to the mining magnates and other powerful sections of the corporate elite that helped install her in office. Media reports emphasised that the mining CEOs would not accept any partial compromise that left important elements of the tax unresolved until after the next federal election...
The Australian listed the series of demands that the mining industry expected to be met: “Mr Hooke said that to restore confidence and industry certainty, Ms Gillard must craft a ‘definitive resolution’ before the election including addressing industry concerns about the 40 percent rate, the point at which the tax would take effect and the RSPT’s effect in international competitiveness.”
According to the Australian, Gillard understood that she had until Friday to resolve the matter.
Acting as a direct conduit for the miners’ demands, Murdoch’s Australian explicitly warned Gillard that she was “going to have to do a whole lot more” to satisfy them...
http://www.wsws.org/articles/2010/jun2010/mine-j29.shtml