The Victorian Government pledged $31.7 million for the state’s mining sector from the State Budget.

State Energy and resources Minister, Nicholas Kotsiras, said that $19 million will be directed towards driving new exploration and reducing barriers to investment.

“Mining has a proud tradition of contributing to the Victorian economy and society and the Coalition Government is determined to ensure it has a vibrant future,” Mr Kotsiras said.

“Our vision is for a strong and prosperous mining industry that delivers jobs and investment in regional Victoria and makes a significant contribution to the economy while respecting the rights of landholders and protecting the environment.”

A further $4.2 million will be spent to address mine stability risks at major coal mines in the Latrobe Valley. 

“The Coalition Government is boosting resourcing to make sure action is taken quickly to address the most urgent mine stability risks in the Latrobe Valley,” Mr Kotsiras said.