The Queensland Resources Council has temporarily put a stop to campaign ads for opposing the Federal Government's planned super profits mining tax and it will try to negotiate with the new Prime Minister Julia Gilliard.

Ms. Gillard has called a truce with the mining industry yesterday and said the Government is willing to discuss any concerns raised about the resources super profits tax.

QRC chief executive officer Michael Roche agreed with the Prime Minister's offer.

Mr. Roche disclosed he will be leaving for Canberra within the week for negotiations with the Federal Government regarding the proposed tax.

“I think the industry really has to take the new Prime Minister's comments at face value,” he remarked.

“She's asked for a truce, certainly from a Queensland Resource Council viewpoint, we will honor that call for a truce.”

Mr. Roche added the State will cease advertising ads in the coming weeks.

He said advertising campaigns will resume if talks between the Federal Government fails to have a common ground.

However, he is confident that Ms. Gillard may be considering tariffs on separate commodities instead of a 40 per cent tax on super profits.

"What we want the Government to agree to is the fact that different commodities have different features and need to have perhaps different rates and different tax arrangements," he said.

Queensland Premier Anna Bligh is also elated that Ms. Gillard has listed the resource tax as one of her top priorities.

Mr. Roche said a meeting with industry leaders in Townsville will also commence today regarding the proposed resources tax.

"We'll go ahead with that meeting because there is a strong appetite from the business community in Townsville to learn more about the tax," he said.
"The need to satisfy the desire for more information remains.”