Gray rules out changes to mining tax

THE new Federal Resources Minister, Gary Gray, says the introduction of the mining tax could have been handled better, but has ruled out making any changes.

With only five months in the job before the election, Mr Gray says it will be "business as usual".

The former executive with Woodside Petroleum has taken over from Martin Ferguson, who last week quit Cabinet as a result of the failed leadership coup.

The mining tax was originally put forward when Kevin Rudd was prime minister, but was renegotiated by Julia Gillard soon after she took over the top job.

Mr Gray admitted that the introduction of the tax had its faults, but told the ABC's Lateline program it is good for the country because it delivers extra revenue to the Government.

Read more at ABC news online.