St. Louis, MO (PRWEB) January 6, 2009
Jerry Pyatt, chief operating officer and vice president of domestic operations at The Doe Run Company, today announced that the integrated lead producer will reduce its mine output to five million tons per year, down from a planned six million tons.
"The current economic turmoil is forcing companies around the world to take steps to enable them to continue to operate profitably. In response to the recent drop in the market prices of lead, The Doe Run Company is adjusting its production plan," explained Pyatt. "We will monitor the market and make necessary adjustments in our operations as factors warrant."
"We are confident in the fundamental strength of our industry," added Pyatt. "The world needs lead for power and protection, including batteries for cars, trucks and industrial applications. The Doe Run Company is taking this step so that we can continue providing this valuable metal."
Based in St. Louis, The Doe Run Company is a privately held natural resources company and the largest integrated lead producer in the Western Hemisphere. Dedicated to environmentally responsible mineral and metal production, Doe Run operates one of the world's largest, single-site lead recycling facilities, located in Boss, Mo. The Doe Run Company and its subsidiaries deliver products and services necessary to provide power, protection and convenience. Doe Run has operations in Missouri, Washington and Arizona. For more information, visit http://www.doerun.com.
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