ABC quoted the head of Rio Tinto's Iron Ore division as saying that he trusts Ms Julia Gillard PM of Australia will stick to her promise of 30% mining tax despite Labor's deal with the Greens.

Mr Sam Walsh chief of Rio Tinto Iron Ore said that he took Ms Gillard at her word and would be surprised if the government opts to make any changes.

He told “We have been given absolute assurances from the Government that the negotiations will hold. And like the Government we are also holding on the agreement that we have made with them.”

Ms Gillard signed a deal with the Greens to secure their support in forming a government. In the lead up to the election Ms Gillard promised to keep the mining tax at 30% but the Greens had been pushing for 50%.

(Sourced from ABC.Net)