Insight
Iron ore project review 2019
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Our estimated average capital intensity for 2019 has risen 30% to US$124 per tonne. While we had forecast a small, gradual increase in capital costs going forward, this jump was larger than anticipated. With several large projects underway and other smaller developers seeking to re-enter the market, the increased competition for labour and materials is driving costs up. But tight supply and strong Chinese demand has resulted in a rising iron ore price which is attracting interest in both new and old projects. Looking forward, we can expect to see some smaller re-starts and expansions successfully commence production but larger greenfield projects with high capital requirements are still likely to find financing difficult.
Table of contents
-
Iron ore project review 2019
- Executive Summary
- High iron ore prices spur interest in projects
- Revitalising old projects
- Project completions
- Capital costs rise 30%
Tables and charts
This report includes the following images and tables:
- Proposed capacity and capital expenditure
- Project incentive prices
- Capacity additions
- Project capital intensity
- Average capital intensity
- Projects with capex changes
What's included
This report contains:
Other reports you may be interested in
Country Report
Global iron ore supply summary 2025
Iron ore margins remain strong in 2025. Avg cost: US$59.8/t. Capex rises to US$17.2B, driven by quality upgrades and emissions goals.
$6,750
Insight
Value-in-use iron ore costs Q3 2025
Q3 2025 iron ore value-in-use adjusted costs are up 2.2% compared to last quarter, and margins remain at 40% in Q3 2025.
$5,000
Asset Report
Jiajika - Lithium mine
A detailed analysis of the Jiajika lithium mineral operation.
$2,250
