SP ~9% down this morning all I can find right now is the article below from Bloomberg.

Bloomberg) -- A block of Fortescue Ltd. shares valued at as much as A$1.9 billion ($1.3 billion) hit the market on Monday night as an institutional investor sought to sell down their stake.

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The shares of the iron ore miner, founded by billionaire and Chairman Andrew Forrest, are being offered at a variable price range of A$18.55 to A$19.10 per share, according to terms of the deal obtained by Bloomberg News. That represents a discount of 8.8% to 6.1% to Monday’s close of A$20.35.

The trade represents about 100 million shares, representing around 3.2% of securities on issue, according to the terms. Only four shareholders, including Capital Group Cos. and Forrest, have stakes of 3% or more in Fortescue, according to data compiled by Bloomberg. Capital Group sold down some of its stake in June.

Shares of the Perth-based miner have tumbled 30% so far this year. Earlier this month, Fortescue announced it was scaling back plans to transform into a green hydrogen heavyweight, blaming high energy prices for a setback that has prompted an overhaul of the group and 700 job cuts.

JPMorgan Chase & Co. is the sole bookrunner for the latest sale.