Australian iron ore miner Fortescue Metals Group announced on August 26 that its chairman Andrew Forrest has provided financial assistance to allow certain senior executives of Fortescue to purchase the company's shares.
Forrest will provide the loans through his company The Metal Group and will have "an indirect interest in the shares," Fortescue said. The shares will be bought on the market, with disclosure of the transactions to be lodged on the Australian Securities Exchange.