Barrick Gold Corporation (USA) (ABX), Kinross Gold Corporation (USA) (KGC): Rio Tinto plc (ADR) (RIO) Hard-Pressed to Win by a Landslide

The stalemates are leading to delays in the governments issuing permits to get the work going, a situation Vale SA (ADR) (NYSE:VALE) can relate to. Its operations in Brazil grounded to a crawl at its Mariana project earlier this year after the permits needed to expand were delayed. Although it subsequently received approval to produce 20-million metric tons of iron ore a year, Vale SA (ADR) (NYSE:VALE) suffered a 5% drop in production because of the delay.

The recovery in Rio Tinto plc (ADR) (NYSE:RIO)’s shares, while certainly a welcome relief to investors, may not see them grow much further, even ignoring the latest setback at Bingham Canyon. Mining’s a tough sector to invest in right now, and it would pay to be choosy when you decide to place your bets. I just wouldn’t choose Rio Tinto at the moment.

The article Rio Tinto Hard-Pressed to Win by a Landslide originally appeared on Fool.com and is written by Rich Duprey.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of Companhia Vale Ads. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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