Treasurer Wayne Swan rejects an offer for any grants to quarry companies selling gravel, sand and phosphate rock.

The treasurer addressed parliament on Thursday that he would not comment on revisions of the proposed super tax profits until details and discussions were finalized with the mining industry.

However, Opposition leader Tony Abbot is seeking to lobby on the mining tax, stating it would increase prices for housing construction and the farming sector since it applies to all non-renewable resources leading from the ground.

"Mr Rudd's great big new mining tax doesn't just hit BHP and Rio - it hits every product that comes out of the ground," Mr. Abbot said.

"It hits quarries - that means your road-making material, your home-building material, goes up in price.”

Mr. Abbot explained the proposed tax will affect phosphate mines, as fertilizer prices increase and will result in an increase in prices of food commodities as well.

Analysts from Macquarie Bank advised investors that the tax will apply to “anything dug out of the ground – including clay, sand, fertilizer, and silica. It hits the fertilizer, building and construction industries.”

Mr. Swan did not comment on the effects of fertilizer prices and reiterated it will not make some changes to the proposal until consultations with the mining industry ends.

Meanwhile, the Minerals Council of Australia urged the government to revise the proposal during a meeting in a Resource Tax Consultation Panel, where they discuss the tax with the sectors involved.

The minerals council opened its first meeting with the panel yesterday, and explained the terms of the consultation was too narrow.

"The meeting confirmed that fundamental aspects of the proposed tax design, including the 40 per cent rate and the inclusion of existing projects, are off the table, despite the fact there was no opportunity for consultation prior to the announcement of the new tax," MCA deputy chief executive Brendan Pearson told media.

"It is not satisfactory to seek the minerals industry's co-operation on the world's first super tax on mining while forbidding discussion on its key elements.”