Notion VTec sees silver lining in Australian mining venture


Notion Vtec Bhd executive chairman Thoo Chow Fah

KUALA LUMPUR: Notion VTEC Bhd believes its venture into the silver mining business in Australia via Alcyone Resources Ltd will lead to more business opportunities despite Alcyone’s less-than-promising financial figures.

Alcyone, Australia’s only pure silver mining company, recorded a net loss of A$10.34mil (RM31.17mil) on the back of A$20.69mil in revenue for the financial year ended June 30, 2013 (FY13).

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Macrovalue takes the differentiation route
Debt plays a big role in Paramount’s Warner bid
Wasco on board for better days
Better for Bursa in 2026
Investors look to delayed data for US clarity
YTL builds it right
HLB eyes partial sale of 5% in Bank of Chengdu
Palm oil inventories to stay elevated next year
Dents and glitter in steel sector
Higher loan growth likely in 2026

Others Also Read