| Australian Foundation Investment Co, a fund owning shares in BHP Billiton Ltd and Rio Tinto Group, said it would encourage companies to cut back on investments in new operations as commodity prices fall.
Mining companies will start to question the economics of projects as prices fall and costs rise, Ross Barker, chief executive officer of the listed Melbourne-based fund with a market value of A$4.5 billion ($4.7 billion), told the Australian Broadcasting Corp's Inside Business program. "That is obviously something we would encourage because we don't want to spend large amounts of money and not get good returns."..............................................Full Article: Source
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