China's Baosteel Resources and its partners have pushed out plans to develop a long-stalled iron ore project in Australia by at least 18 months in light of weak ore prices. Baosteel, China's no.2 steel maker, and Aurizon took control of the West Pilbara Iron Ore project last year when they bought Aquila Resources for A$1.4 billion ($1.1 billion), launching the bid when iron ore prices were around 75 percent higher than now.
