Fed tax smashes miners *UPDATED*

MINING investors delivered a clear message on the federal government’s proposed resource rent tax this morning, smashing the big producers in early trading.

Fed tax smashes miners *UPDATED* Fed tax smashes miners *UPDATED* Fed tax smashes miners *UPDATED* Fed tax smashes miners *UPDATED* Fed tax smashes miners *UPDATED*

All of the big miners opened down this morning, with most copping a hammering in early exchanges on the bourse.

BHP Billiton was down as low as $A38.92 from a Friday close of $40.