EXHIBIT 10.1.4

EXECUTIVE EMPLOYMENT AGREEMENT

AGREEMENT made as of the 17th day of September, 2001, between THE DOE RUN RESOURCES CORPORATION, a New York corporation, doing business in Missouri under the
trade name "The Doe Run Company" (herein called the "Company"), with its principal office at 1801 Park 270 Drive, St. Louis, Missouri 63146 and Jerry L. Pyatt ("Employee").

W I T N E S S E T H:

WHEREAS,
Employee has for some years been employed by the Company or a predecessor, and Company desires to continue to employee the Employee and Employee desires to continue to be
employed by the Company, all on the terms hereof;

In
consideration of the mutual covenants herein contained, it is hereby agreed as follows:

1.Terms and Duties.

Commencing
on the date of this Agreement and continuing until October 31, 2002, unless sooner terminated or extended as herein provided (the "Employment Term"), the company shall
continue to employ the Employee as its Vice President Domestic Operations and Chief Operating Officer for Domestic Operations. During the Employment Term the Employee shall continue to devote all of
his business time and his best efforts to the business of the Company, and its subsidiaries, as may be necessary to perform his duties hereunder, in accordance with the policies, procedures, business
plans and budgets from time to time established by the Board of Directors, and Chairman of the Board and the President and shall not have any other business affiliations. Employee hereby accepts
continued employment hereunder.

2.Compensation.

In
full compensation for the services to be rendered by the Employee to the Company and its subsidiaries hereunder, during the Employment Term, the Company will pay the Employee, and the
Employee shall accept:



3.Place of Employment.

The
Employee's regular place of employment during the Employment Term shall be at the principal executive office of the Company in the St. Louis, Missouri metropolitan area. The Employee
may not be required to relocate without his consent.

4.Travel: Expenses.

The
Employee shall engage in such travel as may reasonably be required in connection with the performance of his duties, in accordance with prior practice.

All
reasonable travel and other expenses incurred by the Employee (in accordance with the policies of the Company established from time to time) in carrying out his duties hereunder will
be reimbursed by the Company on presentation of it of expense accounts and appropriate documentation in accordance with the customary procedures of the Company for reimbursement of executive expenses.
The Employee shall be entitled to a travel expense advance in the discretion of the Company when anticipated travel warrants such advance.

5.Early Termination of Employment Term on Disability or Death.



6.Vacation.

During
the Employment Term, the Employee shall be entitled to vacation periods in accordance with previously agree-to vacation entitlement or with the Vacation Policy for St.
Louis Office
Employees, to be taken at such time or times as shall be mutually convenient to the Company and Employee (but not more than two weeks consecutively except as may be specifically approved by the
President). Unused vacation shall not accumulate from year to year.

7.Confidentially: Competition.



8.Employee's Inventions.

The
Employee agrees to assign and transfer to the Company, its successors and assigns, his entire right, title and interest in and to any or all inventions, designs, discoveries and
improvements which he may make, either solely or jointly with others, during the Employment Term hereunder and for a period of one (1) year thereafter, which relate in any way to the business
or products of the Company, together with all rights to letters patent which may be granted thereon. Immediately upon making any intentions, designs, discoveries or improvements, the Employee shall
notify the Company and, without further compensation, shall executive and deliver to the Company such documents as may be necessary to prepare or prosecute applications for patents upon such
inventions, designs, discoveries and improvements, and shall assign and transfer to the Company his entire right, title and interest therein. The Company shall pay all expenses involved in carrying
out the provisions of this paragraph 8.

9.Benefits.

The
Company agrees to provide to the Employee during the Employment Term the retirement plan, 401(k) Savings Plan, medical, hospitalization, dental, life and AD&D, disability
coverage, as well as the executive auto allowance program and other benefits as may be provided to the employees of the Company.

10.Employee's Representation

Employee
hereby represents to the Company that he has full right and power to enter into his Agreement and carry out his duties hereunder, and that same will not constitute a breach of
or default under any employment, confidentiality, non-competition or other agreement by which he may be bound.

11.Default by Employee.

If
the Employee shall:



then,
and in any such case, the Company may terminate the employment of the Employee hereunder and, in the event of any such termination, the Employee shall no longer have any right to any and all
benefits (including future salary payments), which would otherwise have accrued after such termination.

12.Automatic Renewal.

This
Agreement shall automatically renew and be extended from year to year upon the expiration of the Employment Term (as extended if extended) unless terminated by either party by
written notice given to the other at least three months prior to its termination date. If any such notice shall be given, this Agreement shall terminate on the next succeeding October 31.

13.Successors.

The
rights, benefits, duties and obligation under this Agreement shall inure to and be binding upon the Company, its successors and assigns and upon the Employee and his legal
representative, legatees and
heirs. It is specifically understood, however, that this Agreement may not be transferred or assigned by the Employee. The Company may assign any of its rights and obligations hereunder to any
subsidiary or affiliate of the Company, or by written instruction to a successor or surviving corporation resulting from a merger, consolidation, sale of assets or stock, or other corporate
reorganization, on condition that he assignee shall assume all the Company's obligation hereunder (but nevertheless the Company shall remain liable hereunder) and it is agreed that such successor or
surviving corporation shall continue to be obligated to perform the provisions of this Agreement.

14.Notices

Notices
hereunder shall be in writing and shall be sent by telegraph or by certified or registered mail, telecopy, or recognized overnight delivery service (such as Federal Express)
prepaid as follows:

To Employee:

To Company:Jerry L. Pyatt

The Doe Run Resources Corporation
1801 Park 270 Drive
St. Louis, Missouri 63146
Attention: Presidentwith copies to:
The Renco Group, Inc
30 Rockefeller Plaza
42nd Floor
New York, NY 10111


and
shall be deemed to have given when telecopied to the address or three days after placed in the mail or the second business day following delivery to a recognized overnight delivery service
(such as Federal Express) or a telegraph company, prepaid and properly addressed. Notices to the Employee

may also be delivered to him personally. Notices of change of address shall be given as provided above, but shall be effective only when actually received.

15.Waivers.

The
failure of either party to insist upon the strict performance of any of the terms, conditions, and provisions of this Agreement shall not be construed as a waiver or relinquishment
of future compliance therewith, and said terms, conditions of this Agreement on the part of the Company, shall be effective for any purposes whatsoever unless such waiver is in writing and signed by
the Company.

16.Entire Agreement; Governing Law.

There
are no oral or written understandings concerning the Employee's employment outside of this Agreement and the separate Net Worth Appreciation Agreement between the Company the
Employee. This Agreement may not be modified except by a writing signed by the parties hereto. This Agreement supersedes any and all prior employment agreements or understandings. This Agreement is
made under, and shall be construed in accordance with, the laws of the State of Missouri, applicable to agreements to be performed wholly within that state.



IN
WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the day and year first above written.

|Attest:  |  | THE DOE RUN RESOURCES CORPORATION
doing business as THE DOE RUN COMPANY
|-------- |  | -----------------------------------------------------------------------
|         |  | By:                                                                    
|Witness: |  |                                                                        
|         |  |                                                                        



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