Lukas Lundin
Lukas Henrik Lundin | |
|---|---|
| Born | 3 July 1958 Sweden |
| Died | 26 July 2022 (aged 64) |
| Occupation(s) | Entrepreneur, mining executive |
| Known for | Chairman of Lundin Mining, Denison Mines, Lucara Diamond, NGEx Resources Inc, Lundin Gold Inc, the Lundin Foundation, and Vostok Gas |
Lukas Henrik Lundin (3 July 1958 – 26 July 2022) was a prominent Swedish-Canadian entrepreneur who resided in Geneva, Switzerland. He held the position of chairman at several companies, including Lundin Mining, Denison Mines, Lucara Diamond, NGEx Resources Inc, Lundin Gold Inc, the Lundin Foundation, and Vostok Gas. Additionally, he was the owner of the $100 million superyacht Savannah.
Early life and education
Lukas was born in 1958 to Adolf H. Lundin, the founder of both Lundin Mining and Lundin Petroleum. He completed his studies at the New Mexico Institute of Mining and Technology in 1981.
Career
Starting in 1982, Lundin oversaw oil and gas operations for International Petroleum Corporation in Dubai. Between 1990 and 1995, he acted as president of International Musto Exploration Limited and orchestrated the $500 million acquisition of the Bajo de la Alumbrera mineral deposit.
He served as chairman for various resource-focused enterprises such as Lundin Mining, Denison Mines, Lucara Diamond, NGEx Resources Inc, Lundin Gold Inc, the Lundin Foundation, and Vostok Gas. Together with his brother Ian Lundin—chairman of Lundin Petroleum—they built a fortune exceeding US $2.5 billion through investments spanning oil and gas, mining metals, gold, diamonds, and Latin American cattle industries.
In 2016, he highlighted prospects for acquisitions within base metals. Under his guidance, Lundin Mining expanded its portfolio by purchasing the Eagle nickel and copper mine in Michigan from Rio Tinto Group in 2013 and acquiring control over Chile's Candelaria/Ojos del Salado copper mines from Freeport-McMoRan Inc in 2014. He regarded zinc as a solid investment over a two to five-year horizon while viewing copper and nickel as promising for longer-term growth. His preferred regions for business included Chile, Argentina, and Peru.
Superyacht
Lundin was the proprietor of the $100 million superyacht Savannah, which was designed by De Voogt Naval Architects alongside CG Design and constructed in 2015 at the Feadship shipyard located in Aalsmeer, Netherlands. The vessel is equipped with a single diesel engine that powers three generators to charge lithium-ion batteries driving electric propellers. This configuration allows operation in diesel, electric, or hybrid modes while delivering a 30% reduction in fuel consumption. The yacht provides accommodation for 12 guests supported by a crew of 22.
Personal life
Lundin was divorced and fathered four sons. He spent nearly 25 years living in Vancouver, Canada before moving to Geneva, Switzerland in 2013 to join his brother Ian. Both siblings commuted from homes situated on Lake Geneva.
An enthusiastic adventurer, he participated four times in the Paris-Dakar rally riding motorcycles and successfully summited Mount Kilimanjaro twice.
Lundin died on 26 July 2022 following a two-year struggle with brain cancer.