An improved experimental technique has been developed to measure, concurrently, the oxygen partial pressures and temperatures within a pilot scale iron ore sinter pot as a function of time. The measurements and thermodynamic calculations have demonstrated that the oxygen partial pressure at peak bed temperature and during cooling can be oxidising or reducing relative to hematite. Examples of typical microstructures and phase assemblages observed in product sinters are presented. Potential mechanisms of hematite and magnetite formation at sub-liquidus and sub-solidus conditions are demonstrated. The relative impacts of changes to coke rate and draft pressure drop on the process conditions and proportions of the phases formed in the sinter have been measured. Increasing coke rate was shown to result in a faster sinter heating rates, higher peak bed temperatures and times at peak temperature. Higher draft pressures across the sinter bed resulted in faster sinter heating rates and shorter times at peak temperature.