Insight
Iron ore project review 2025
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In this insight, we have updated our list of active iron ore projects worldwide and provided an overview of their current status. Our dataset contains 144 projects with a potential production capacity of 1.2 Btpa and a 22% capital intensity increase from 2024. In "Yesterday's projects, today's mines", more information about the seven latest concluded projects. The distribution between 'highly probable", "probable", and "possible" projects and the main themes in the "Advancing projects" section. The "Africa remains key" section clarifies Kon Kweni, Mbalam-Nabeba, and the continent's other most relevant projects. The "India" section presents the latest regulatory facts connecting it to the country's principal players and challenges.
Table of contents
- Executive summary
- Yesterday’s projects, today’s mines
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Advancing projects
- Highly probable DR-grade projects
- Large scale highly probable projects
- Junior miners highly probable projects
- Probable and possible projects
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Africa remains key
- Simandou
- Kon Kweni
- Zogota
- Gara Djebilet
- Belinga
- Baniaka
- Mbalam-Nabeba
- Zanaga
- India
- Project incentive prices
- Capital costs
Tables and charts
This report includes the following images and tables:
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Proposed capacity and expenditure over timeCompleted and upcoming projectsProject incentive prices (Kon Kweni @20% IRR)
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Project incentive prices (Kon Kweni @12% IRR)Project capital intensityAverage capital intensityCapacity and expenditure over time
What's included
This report contains:
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