Bloomberg reported that Komatsu chief executive Tetsuji Ohashi said that global miners will continue to abstain from buying large mining equipment until 2017 due to falling commodity prices.

Citing Ihashi, Bloomberg said that when the mining industry does experience a rebound, demand for machinery used in copper mining is likely to pick up faster than other commodities.

According to Bloomberg, Ihashi said a recovery in thermal coal mining would probably be next, while iron ore would be last.