The Doe Run Company Cuts Mine Production
St. Louis - The Doe Run Company (Doe Run) today announced it will reduce mine production at its Missouri lead mining district for 2016, effective immediately. This represents an annual reduction of approximately 20,000 tons of lead-contained in concentrates and lesser amounts of zine and copper.
Doe Run owns and operates the world's second largest lead mining district, which is located in southeast Missouri.
Joe Hansen, vice president - sales and marketing for Doe Run, said, "Our reduced production represents about 10 percent of the lead-contained output we normally produce in a year. We will work with our customers over the next several days to make necessary adjustments in our product delivery."
"Decisions that impact our workforce and customers are never easy," stated Jerry Pyatt, president and CEO of Doe Run. "We have taken this action as a result of depressed metal prices and increased operational and regulatory costs. We will continue to explore opportunities to reduce costs and improve operational efficiencies so we can address the changing market."