St. Louis (PRWEB) July 26, 2006 -–
Bruce Neil, chief executive officer of The Doe Run Company, recently encouraged the international business community to work alongside local communities and government to provide positive change in developing nations – particularly in Peru, where the company operates one of the world’s only multi-metal production facilities.
“The challenge [for businesses in developing nations] is ‘how fast and at what price.’ How do we encourage business investment that drives our progress toward greater freedom, health and prosperity without demanding so much in return that we create a competitive disadvantage?” Neil asked during the Council of the Americas 2006 Latin American Cities conference, held in Lima on July 7. “Competing on a global scale requires continued and greater foreign investment. Understanding what will attract and retain foreign investment will provide us with direction…Progress will require ensuring stability, encouraging stakeholder engagement and promoting managed expectations. Together, we can bring positive change to our families and neighbors through sustainable business investment.”
Neil used Doe Run Peru’s operations in La Oroya to illustrate the company’s social responsibility programs, which include helping to provide infrastructure, refurbishing schools, improving irrigation and agriculture, teaching small business and marketing skills, and providing health and nutrition programs.
As a panelist representing the energy and mining industries, Neil spoke to conference attendees about leveraging the country’s resources to bring positive change to the people of Peru.
Peruvian President Alejandro Toledo, President-Elect Alan Garcia and other government and business leaders shared remarks on Peru’s economic outlook, the country’s global positioning and its natural resources as an economic driver.
“It’s exciting to see how our modern industry is improving people’s lives in very real and dramatic ways. The mining sector in Peru is no exception,” Neil said. “In 2005, mining exports were $9.7 billion, which represents 56 percent of Peru’s total exports. While numbers are impressive, they pale beside the life-changing opportunities that the energy and mining sector brings to Peruvians.”
“It was an honor to represent the industry at this important conference,” he added later.
Neil’s full remarks are available at Doe Run’s Web site at http://www.doerun.com/news/bruce-neil-06.aspx.
About the Doe Run Company
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
“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.