Alexander Williams

“It blindsided the market,” says David Archer, chief executive of Savannah Resources. “There was no speculation around it, everyone was surprised and people were impressed that we were able to negotiate a deal with Rio Tinto.” Shares in Savannah shot 98.8 per cent higher on Monday on news that the company, an AIM-listed minnow valued…

LONDON: Shares in Sirius Minerals have gone into free-fall in London, opening 9 per cent lower in early trading on Wednesday, down 40 per cent in a week. The collapse is a setback for those betting on a resurgence in mining in the UK: Sirius is hoping to develop a vast open-pit potash project set…