Welcome to Neighbors, The Doe Run Company’s 2007 Report to Our Communities. Thank you for reading this report and showing an interest in learning more about Doe Run. We are pleased to share with you how our values and promises are reflected in the ways we conduct business every day.

As we maintain our tradition as a global provider of premium metals and services, Doe Run’s business is dedicated to enhancing our communities, the environment and the economy. Stories communicate how we live up to these commitments, especially through education, recycling, technology and community contributions.

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Looking ahead to the bicentennial year of Herculaneum, Gary Hughes, general manager of the Herculaneum Primary Smelting Division, shares his thoughts on 2007’s substantial accomplishments and challenges.

By Gary Hughes

In 1808, Moses Austin and Samuel Hammond founded Herculaneum, Mo. Doe Run’s predecessor acquired land in the city nearly 80 years later, and soon began construction of its lead smelter. Ever since, the histories of Herculaneum and Doe Run have been intertwined.

As we’ve grown side by side, we have each overcome obstacles and celebrated accomplishments. This past year is no exception.

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Although the metals market has ebbed and flowed, Doe Run’s employee base remains strong. Like the branches of a tree, entire families have spent careers with Doe Run, sharing the knowledge rooted within them for generations. For some, it’s tradition.

Tommy Dunlap, a driller at Doe Run’s Southeast Missouri Mining and Milling Division (SEMO), has mined with the company and its predecessors since 1968. A third-generation employee, Dunlap follows in the footsteps of his father and grandfather, whose mining roots can be traced back in decades. Dunlap readily shares his wisdom with newcomers and beginning miners. “When Doe Run hires new crewmen, I’m one of the first to tour them around, show them the ropes, and share all the dos and don’ts. I’ve watched a lot of people grow into great miners, and I’m proud to pass along what I’ve learned from previous generations.”

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In January 1875, The New York Times described the mines of Missouri as adding to “the already abundant proof that Missouri is to be the ‘England of the tomorrow.’” Today, Missouri lead is renowned, and widely followed by members of the London Metal Exchange (LME), the world’s premier non-ferrous metals market.

In October, Doe Run representatives attended LME Week 2007 in London, England, to meet with customers and other industry experts associated with this booming market. Jim Grubbs, Doe Run’s vice president for sales and marketing, met with industry reporters who track the company as it navigates the global metals market.

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The Doe Run Company emphasizes a company-wide dedication to meeting changing customer needs and finding ways to improve service. By leveraging technology, know-how, synergy and opportunity, the people of Doe Run deliver on these promises in very real and valuable ways. Read on to learn more about the relationships that have made Doe Run an industry leader and global metals provider.

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Many people think The Doe Run Company’s reach stops at the Mississippi River. We trust that by reading this report, you’ll learn how this Missouri company has grown into a respected leader in the global marketplace.

Over the past hundred-plus years, the world has changed, and so has our industry. Our operations have progressed. Our expertise has grown. The demand for metals has increased worldwide. On behalf of Doe Run, we appreciate your interest in learning how we’re meeting this need.

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A roundtable discussion on the second life of lead-acid batteries and computer monitors.

There’s an ongoing need to responsibly recycle items that contain lead, especially products like spent lead-acid batteries and old computer monitors. Neighbors spoke with Steve Arnold, general manager of Doe Run’s Buick Resource Recycling Division (BRRD); Jim Lanzafame, environmental manager for BRRD; and Lou Magdits, Doe Run’s director of raw materials, to get their insights on lead recycling.

PHOTO CAPTION: Doe Run opened the Buick Resource Recycling Division in 1991 and has steadily increased the amount of lead-bearing material it recycles each year. In 1998, the facility began accepting and recovering lead from cathode-ray tube (CRT) glass, which is gaining recycling momentum as consumers upgrade to flat-screen computer monitors and televisions.

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By Angie Nations

Some of the most advanced technologies on the planet, including computers and cell phones, get their start in Doe Run’s mines. We’re proud of what we do, and it’s rewarding to share our knowledge.

Here’s a look at just a few examples:

Our widely popular Minerals Education Program provides K-12 students with interactive opportunities to learn about the minerals we use in our everyday lives. In one program, for example, students learn about mining and minerals through “chocolate chip cookie mining.” In another, participants use minerals to create toothpaste.

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The Herculaneum smelter expects to complete all engineering and administrative controls, and improvements, in the revised State Implementation Plan (SIP) by April 2008. These include:

• Raising the stack elevation for baghouses 7, 8 and 9 to 150 feet. This height increase will lessen the impact of emissions on the community.

• Updating the plant-wide sprinkler system to reduce roadway dust created by in-plant traffic.

Two hundred years ago, Herculaneum’s founding fathers likely had several conversations under shade trees overlooking the Mississippi River. Few could have predicted that the sleepy pioneer town of Herculaneum would become a thriving Missouri community, rich with heritage.

In 1808, the town boasted some 35 homes, a school house, post office, jail, inn and ferry stop. Situated at the confluence of the Mississippi and Joachim Creek, and near lead smelting operations that produced ammunition, the town prospered as a shipping port. Lead sales ceased during the War of 1812, when the British blockaded sea routes. Overnight, the city and its businesses withered. Overlooking a ghost town, the trees stood, silhouetted against desolate streets.

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Though lead is the primary resource extracted from lead-acid batteries at the Buick Resource Recycling Division (BRRD), the recycling process and technology also yields approximately 1,200 tons of sodium sulfate, or salt, per month.

To meet certification standards set forth by multiple manufacturing industries, a licensed rabbi from the Chicago Rabbinical Council, a certification organization, visits BRRD each year to ensure the salt-creation process and raw materials are consistent with kosher requirements.

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Employees at BRRD gave back to their neighboring communities in 2007.

• Doe Run shared science facts with attendees at the “Fall Rocks!” event in Park Hills, Mo.; and, employees helped staff the 2007 Old Miner’s Day Celebration in Viburnum, Mo.
• BRRD, along with SEMO, donated $50,000 to the Iron County Hospital’s Tree of Life fund.
• The facility hosted tours and supported Doe Run’s hands-on minerals education program.
• BRRD also holds annual open houses for employees and their families.

For Doe Run’s Southeast Missouri Mining and Milling Division (SEMO), pride, dedication and safety are a way of life. Just ask the employees.

“One of my proudest moments in my career was telling my father I had officially become a miner with the St. Joseph Lead Company, Doe Run’s predecessor,” said Denis Murphy, SEMO’s safety and environmental manager. “And I’m even more proud now. This is a dedicated and safe industry that has really evolved. Through efforts like accomplished Mine Rescue Teams and exploring new technologies every day, we’re topping safety records on a regular basis while meeting the world’s demand for metals.”

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After transforming their work reality into daily snapshots, three women at Doe Run’s Southeast Missouri Mining and Milling Division (SEMO) are now published writers.

In 2007, author Joni Cole selected three female Doe Run employees for a 24-hour glimpse into the mining profession. Sharing their unique perspectives were Carrie Heiling, mine geologist; Vanessa Eckhoff, metallurgical engineer; and Lori Young, technical service engineer III.

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