The Chamber of Minerals and Energy of Western Australia has welcomed Labor's election win after a nasty campaign in which Premier Colin Barnett took on the mining industry for its personal attacks on Nationals Leader Brendon Grylls.
The CME admitted to spending at least $2 million on ads fighting Mr Grylls' plans for a mining tax that would increase the 25 cent per tonne production rental fee on iron ore set for BHP Billiton and Rio Tinto in the 1960s and increase it to $5 a tonne, raising $7.2 billion over the next four years.
CME chief executive Reg Howard-Smith says the organisation has confidence the new premier Mark McGowan and his team would support WA's resources sector to ensure it stays strong.
"We are pleased the Labor government will not implement the job-destroying iron ore mining tax as proposed by the WA Nationals," he said.
"Based on the election results there is no mandate for this tax to be implemented and CME is pleased Labor stand firmly against this bad policy."
Mr Grylls is struggling to hold on to his Pilbara seat in the lower house and was slightly behind Labor's Kevin Michel with about half of the votes counted.