Belmont Resources has inked a deal to acquire more than 253 hectares of mineral rich land from David Heyman & Clive Brookes. The land is part of Greenwood Mining in Canada's gold-rich West. This mergers and acquisitions news has been touted as an arm's length acquisition and includes rich copper and gold mining lands that have been mined as far back as the turn of the 20th century.
Small and medium-sized businesses are positive contributors to the country's economy. When it comes to the business and commercial realm in Canada, these companies employ nearly 90 per cent of the nation's workforce in the private sector and heartily drive economic growth. Governments at all levels realize the integral role these businesses play and have helped entrepreneurs to grow their companies and to flourish.
The mining industry in the nation is morphing into a new-ish entity. Part of that change in the industry in Canada includes increased mergers and acquisitions in an effort to curtail escalating operating costs. However, a recent global mining risk report indicates overall optimism when it comes to opportunities for growth in the sector, even though the industry seems to be at a crossroads.
The closure of several outlets of a popular store seems to be a sign of the times. Recent business and commercial news indicates that Gap will be shutting the doors on a number of its stores in the country, some of which are located in Ontario. The company owns 230 stores across North America, but has not indicated how many closures will take place in Canada. The company said the move is in keeping with guidelines for outlets that are not consistently meeting sales requirements.