Former Labor treasurer Wayne Swan misled his party and ambushed the mining industry over his proposed mining tax, a former Labor resources minister says.

Former minister Martin Ferguson accused Mr Swan of empty promises of industry consultation over the tax which was integral to the removal of former prime minister Kevin Rudd.

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Mr Swan never intended to consult the industry on the tax, he said.

“I felt like resigning, especially when I got the companies in and saw their reaction. It was one of disbelief,” he said about the moment he saw the policy.

His account of the saga is detailed in Triumph and Demise, which is to be released by Prime Minister Tony Abbott next week, News Corp Australia reports.

Mr Swan rejects the allegations saying he consulted with the industry in April 2010.