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.

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