The two iron ore projects which could change the market

China's Baosteel and Rio Tinto have the power to rescue the iron ore price... but what will they do?

Summary: The worst appears to be far from over for iron ore producers despite the recent rise in the iron ore price. Not only are heavyweight players like BHP Billiton and Rio Tinto stamping out their patch for a long haul as they expand production, but big new mines are also being developed, with Gina Rinehart moving to within first sight of first exports at her Roy Hill mine and Baosteel proceeding with its mine in the Pilbara region.

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