Mining Jobs Drive Southeast Missouris Economy

St. Louis (PRWEB) January 30, 2015

Jobs and the economy are two major issues facing Missouri residents, according to new research from The Doe Run Company (Doe Run). The two 2014 studies, conducted in southeastern Missouri communities, identified residents top concerns, and explored the economic impact of Doe Run as one of the regions top employers.

The first study identified residents issues of concern and measured Doe Runs responsiveness. Among the key findings, nearly 60 percent of respondents reported the most important concerns facing their communities relate to quality jobs, unemployment and the cost of living.

Doe Runs exploration, mining, research and technical development operations take place in Iron, Reynolds and Washington counties, said Aaron Miller, vice president of operations and chief operating officer at Doe Run. So we regularly survey those communities to determine what is important to them. This most recent study showed that our communities are still very interested in jobs and the economy. We also completed an economic impact study in 2014 to measure how Doe Run is contributing to those important issues.

Doe Run employs nearly 1,400 people in Missouri, the majority of whom work in Iron and Reynolds counties, two counties with unemployment rates above the state average. Total compensation for employees in Doe Runs Metals Division and Southeast Missouri Mining and Milling Division (SEMO) average $ 75,934 (excluding benefits) and are higher than Missouris average wages of $ 49,215 by 54 percent.

In addition, in 2013, Doe Run had an annual expenditure (capital, operation and labor costs) of $ 455 million. Nearly half ($ 205 million) was spent on Missouri suppliers. Company spending generated:

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