homevendor ... . LUCKYs Agree, this is the one. China needs lots of iron ore & copper. VALE can't ship them fast enough to meet the demands in China. Quite sure that VALE's geologists & experts checked the whole peninsula before they staked every square mile of unclaimed land. Whatever minerals under the ground, China will buy it. The USA will buy them too. Newfoundland, the future is looking good.