The completed work flows indicate a potential revenue growth potential of $11.3 billion over the initial 30-year life of the project, reflecting previously announced product quality improvements disclosed in June 2025. In parallel, this initiative revealed capital cost savings of $352 million, and cumulative cash cost savings totaled $2.24 billion over the same period.
The economic and technical profile has improved
Commenting on the results, CEO Martin Knaut stated that the cost improvement program significantly improves the overall profile of the project.
Zanaga Iron Ore added that it plans to publish a consolidated and updated assessment of the project's economy in February 2026, as well as updated information on the broader project development strategy.
It is aimed at low-carbon steel supply chains
Mr. Knaut also stressed that the Zanaga project is well positioned to supply premium quality direct iron reduction (DRI) pellets to the global steel industry, which is undergoing rapid decarbonization.
He noted that recent improvements further strengthen the project's positioning as a globally competitive iron ore asset, matching the growing demand for high-quality raw materials needed for low-emission steel routes.
