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Doe Run to scale down production amid depressed prices, costs

1st February 2016

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – Depressed metals prices and higher operational and regulatory costs have pushed base metals miner Doe Run to reduce the production of lead contained in concentrates at its operations, in Missouri, by 20 000 t/y.

It would also reduce the production of zinc and copper.

“Decisions that impact our workforce and customers are never easy. We will continue to explore opportunities to reduce costs and improve operational efficiencies so we can address the changing market,” said CEO Jerry Pyatt.

Doe Run sales and marketing VP Jose Hansen added that the reduced production represented about 10% of the company’s normal lead-contained output.

“We will work with our customers over the next several days to make necessary adjustments in our product delivery.”

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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