Friday, May 30, 2025

Latest

Lukas Lundin, Swedish-Canadian Mining Magnate, Passes Away

Lukas Henrik Lundin, founder and former chairman of Lundin Mining Corporation (TSX: LUN), has passed away after a two-year battle with brain cancer on Tuesday, July 26. He was 64 years old.

Lundin was an industry giant. He started his career in the international energy and mining sectors in the early 1980s. In the mid-1990s, he founded Lundin Mining with his father Adolf. There, he served as board member and then chairman for over a quarter of a decade until he stepped down in May. As chairman, Lundin oversaw the firm’s growth from an exploration-stage company into a global mid-tier producer with a strong copper focus and a portfolio of world-class assets.

His passing was confirmed in a statement by the Toronto-based company on Wednesday. He died in Geneva, Switzerland, where he had been based since leaving Vancouver in 2013.

“The many successes of Lundin Mining and the Lundin Group owe directly to Lukas’ extraordinary strategic foresight, matched only by his relentless drive,” President and CEO Peter Rockandel said in the statement. “His guidance and support for his colleagues will be deeply missed, however, his pursuit and vision of creating a world-class base metals company lives on. Lukas would say, ‘Get the right people. Empower the people. And have good assets.’  Those of us that worked closest with Lukas share in his approach and will continue to build upon his legacy.”

Lundin is survived by his brother Ian, chairman of Lundin Petroleum, and his sons Harry, Adam, Jack, and William.

“Our father is our biggest inspiration,” his sons said in a joint statement. “His passion for the industries to which he devoted his life was unparalleled. Lukas saw people as the key to success and spent decades building some of the strongest management teams in our industries. He always strived to empower those working with him and continuously pushed us to aim higher. We could not have had a better father and mentor.”


Information for this briefing was found via Lundin Mining Corporation and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Lundin Mining: Canaccord Lifts Target To $15 After Earnings

On April 27, Lundin Mining Corporation (TSX: LUN) reported its first quarter financial results. The...

Friday, April 29, 2022, 03:52:00 PM

Filo Corp Bought Out For $4.5 Billion By Lundin Mining, BHP

In a continuance of M&A transactions today, it has been revealed that Filo Corp (TSX:...

Monday, July 29, 2024, 08:52:41 PM

Lundin Mining Doubles Net Earnings In Q1 2025 As Free Cash Flow Turns Negative

Lundin Mining (TSX: LUN) posted its earnings for the first quarter of 2025, with revenue...

Thursday, May 8, 2025, 10:29:00 AM

Lundin Mining Q4 Earnings: Focused On The Long Game

One of the benefits of falling behind on earnings coverage, is we get to see...

Sunday, February 23, 2025, 10:40:00 AM

Lundin Mining: BMO Resumes Coverage, Gifts Lift To Price Target

Last week Lundin Mining Corporation (TSX: LUN) announced that it closed its acquisition of Josemaria...

Monday, May 2, 2022, 04:35:00 PM