The major mining lobby has labelled new economic stimulus “good news” for mining juniors.

The Federal Government last week announced a stimulus package to boost the national economy, which includes funds to encourage exploration and investment in the resources sector.

Minerals Council of Australia (MCA) chief executive Tania Constable has welcomed the measure.

“Australian mining contributes to national economic strength and is responsive and responsible, particularly during times of challenge,” she said.

“The industry’s advice to the government was that while COVID-19 (coronavirus disease 2019) was so far having only a minimal effect on site operations, there was no room for complacency and the need for the government and industry to work closely on monitoring and response was crucial.”

Resources Minister Keith Pitt says resources exports are persisting, as companies activate contingency plans to protect their supply chains.

“The key message I received is that the resources sector remains a reliable supplier to our major trading partners and will continue to underpin the Australian economy,” Mr Pitt says.

“The Australian Government is continuing to deliver whatever assistance is needed to help states and communities recover.”

Leaders from Queensland Resources Council, South Australia Camber of Mining and Energy, Chamber of Minerals and Energy Western Australia, New South Wales Mining Council and Australian Petroleum Production and Exploration Association have all met with government officials in roundtable settings.

They will meet again later this month.