ST. LOUIS (PRWEB) July 5, 2006
The Doe Run Company’s subsidiary, Doe Run Peru, recently completed a project to promote commerce amongst residents in and around La Oroya, Peru, home of the company’s metallurgical complex. Opened May 30, the “Mercantil de las Comunidades” provides 14 communities, including those near the company’s copper mining complex in Cobriza, Peru, with a sustainable source of income and opportunities to sell and purchase goods, which in a number of cases were developed or improved with help from Doe Run Peru.
“This marketplace is the final step in the chain of production that we’ve built with continued support from Doe Run Peru,” said Saturnino Camargo, president of the community of Paccha, Peru, and the marketplace commission. “Through the company’s community programs, we’ve learned new skills to support ourselves into the future. Together, we’ve improved pastures, raised more productive and healthier cattle and developed entrepreneurships to sell related goods. Now, we’ve been empowered with a place for national commerce. In the United States, this sort of partnership may seem unusual, but for communities like ours, it’s a necessary and remarkable step toward sustainable economic development.”
Doe Run Peru donated the property in La Oroya for the market and invested more than $52,000 to bring the project to fruition. Designed with input from local community leaders, the modernized marketplace provides 11,087 square feet of space for 21 local vendors of premium quality meats, fish and dairy products; jewelry; textiles; and silverwork. An onsite cafeteria features bread and pastry products provided by a micro-enterprise developed through Doe Run Peru’s entrepreneurship training program. Spaces have also been allocated for small business sales, storage and future expansion. The Mercantil also includes restrooms, unlike other marketplaces.
“The Mercantil is a natural extension of our continued partnership with the people in and around La Oroya,” said Dr. Juan Carlos Huyhua, general manager of Doe Run Peru. “We’ve been working since 2000 to help farmers and communities improve their crops and livestock, so it’s rewarding and exciting to see the fruits of our combined efforts come together in a sustainable market that’s accessible for so many communities.”
Doe Run Peru has been actively involved in boosting the region’s economy since purchasing the metallurgical facility in La Oroya in 1997. These and other regions are invited to sell their products at the new market. Each participating community will manage logistics independently, helping to further encourage economic development.
More than 100,000 area residents have benefited from these and other programs supported by Doe Run Peru. Others include ongoing agricultural and vocational training, school refurbishment, animal husbandry, public parks establishment, medical/surgical support, public street lighting and providing affordable electricity to remote areas.
Based in St. Louis, The Doe Run Company is a privately held natural resources company dedicated to environmentally responsible mineral production, metals fabrication, recycling and reclamation. The company and its subsidiaries deliver products and services needed to provide power, protection and convenience through premium products and associated metals including lead, zinc, copper, gold and silver. As the operator of one of the world’s only multi-metal facilities and the Americas’ largest integrated lead producer, Doe Run employs more than 5,000 people, with U.S. operations in Missouri, Washington and Arizona, and Peruvian operations in Cobriza and La Oroya. Committed to sustainable development, The Doe Run Company has helped bring electrical power, business training, educational opportunities and improved telecommunications to rural communities in Peru and the U.S. For more information, visit http://www.doerun.com.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release that are not historical facts are “forward-looking statements.” These forward-looking statements may be significantly impacted, either positively or negatively, by various factors, including without limitation, the Company’s ability to satisfy its debt and environmental obligations, regulatory compliance with local state and federal governmental agencies, financing sources, potential and actual litigation, weather, permits, raw materials cost, competition and business conditions in the mining and recyclable industries. As a result, the forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements herein. For a discussion of such risks and uncertainties, see the risk factors set forth in the Company’s Annual Report on Form 10-K for the most recently ended fiscal year.
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