Lukas Henrik Lundin (3 July 1958 – 26 July 2022) was a Swedish-Canadian businessman, based in

Geneva Geneva ( , ; ) ; ; . is the List of cities in Switzerland, second-most populous city in Switzerland and the most populous in French-speaking Romandy. Situated in the southwest of the country, where the Rhône exits Lake Geneva, it is the ca ...

, Switzerland. He was the chairman of

Lundin Mining Lundin Mining Corporation, headquartered in Vancouver, owns and operates mines that produce base metals such as gold, silver, copper, and nickel. The company's major properties are the Candelaria mine (copper; Atacama Region, Chile), a 70% inte ...

, Denison Mines,

Lucara Diamond Lucara Diamond Corp. is a diamond exploration and mining company, founded in 2009 by two Canadian mining executives, Eira Thomas, Catherine McLeod-Seltzer, and Swedish-Canadian mining billionaire Lukas Lundin, operating in Southern Africa but es ...

, NGEx Resources Inc, Lundin Gold Inc, the Lundin Foundation, and Vostok Gas. He was also the owner of a $100 million

superyacht A superyacht or megayacht is a large and luxurious pleasure vessel. There are no official or agreed upon definitions for such yachts, but these terms are regularly used to describe professionally crewed motor or sailing yachts, ranging from to ...

, ''

Savannah A savanna or savannah is a mixed woodland-grassland (i.e. grassy woodland) biome and ecosystem characterised by the trees being sufficiently widely spaced so that the canopy does not close. The open canopy allows sufficient light to reach th ...

''.

Early life and education

Lukas Lundin was born in 1958, the son of Adolf H. Lundin, the founder of

and

Lundin Petroleum Lundin Energy (former Lundin Petroleum) was an independent oil and gas exploration and production company formed from Lundin Oil in 2001 and based in Sweden with focus on operations in Norway. Lundin Energy’s oil and gas business was purch ...

. He graduated from the

New Mexico Institute of Mining and Technology The New Mexico Institute of Mining and Technology (New Mexico Tech or NMT), formerly New Mexico School of Mines, is a public university in Socorro, New Mexico, United States. It offers over 30 Bachelor of Science degrees in technology, the scien ...

in 1981.

Career

Lundin was in charge of International Petroleum Corporation's oil and gas operations in 1982, based in

Dubai Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the Lis ...

. From 1990 to 1995, he was president of International Musto Exploration Limited, where he was responsible for the acquisition of the Bajo de la Alumbrera deposit, in a $500 million takeover. Lundin was the chairman of

, Denison Mines,

, NGEx Resources Inc, Lundin Gold Inc, the Lundin Foundation, and Vostok Gas. Together with his younger brother Ian Lundin, who chairs Lundin Petroleum, he had a net worth of at least US $2.5 billion, mostly from commodity-based companies in oil and gas, metals and mining, gold, diamonds, and cattle in Latin America. Speaking in 2016, Lundin said, "It's a good time to acquire right now", citing in particular possibilities in base metals, and that Lundin Mining should continue expand further, after acquiring the Eagle nickel and copper mine in Michigan from

Rio Tinto Group Rio Tinto Group is a British-Australian multinational company that is the world's second largest metals and mining corporation (behind BHP). It was founded in 1873 when a group of investors purchased a mine complex on the Río Tinto, in Hu ...

in 2013, and control of the Candelaria/Ojos del Salado copper mines in Chile from Freeport-McMoRan Inc in 2014. Lundin believed zinc was the best bet on a two-five year horizon, and copper and nickel perhaps in the longer term, and that Chile, Argentina and Peru are all places where he was "comfortable doing business".

Superyacht

Lundin owned the $100 million superyacht ''

'', designed by De Voogt Naval Architects and CG Design, and which was built in 2015 at the

Feadship Feadship (First Export Association of Dutch Shipbuilders) is a cooperative venture between two shipyards: Royal Van Lent Shipyard and Koninklijke De Vries Scheepsbouw. Feadship designs and constructs high-end luxury yachts and is one of the leadi ...

yard in

Aalsmeer Aalsmeer () is a municipality and a town in the Netherlands, in the province of North Holland. Its name is derived from the Dutch for eel (''aal'') and lake (''meer''). Aalsmeer is bordered by the Westeinderplassen lake, the largest open water o ...

, Netherlands. The yacht uses a single

diesel engine The diesel engine, named after the German engineer Rudolf Diesel, is an internal combustion engine in which Combustion, ignition of diesel fuel is caused by the elevated temperature of the air in the cylinder due to Mechanics, mechanical Compr ...

, which uses three generators to charge banks of

lithium-ion batteries A lithium-ion or Li-ion battery is a type of rechargeable battery that uses the reversible intercalation of Li+ ions into electronically conducting solids to store energy. Li-ion batteries are characterized by higher specific energy, energy ...

to drive electrically-powered

screws A screw is an externally helical threaded fastener capable of being tightened or released by a twisting force (torque) to the screw head, head. The most common uses of screws are to hold objects together and there are many forms for a variety ...

, and producing a 30% fuel savings, as it allows a choice between diesel, electric or hybrid modes as needed. The yacht has a crew of 22, and can take 12 passengers.

Personal life

Lundin was divorced, with four sons. Lundin was based in

Vancouver Vancouver is a major city in Western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the cit ...

, Canada, for nearly 25 years, before moving to Geneva, Switzerland in 2013, where his brother Ian already lived, and where they commuted to work together from houses on the shores of

Lake Geneva Lake Geneva is a deep lake on the north side of the Alps, shared between Switzerland and France. It is one of the List of largest lakes of Europe, largest lakes in Western Europe and the largest on the course of the Rhône. Sixty percent () ...

. He competed in the

Paris-Dakar rally The Dakar Rally () or simply "The Dakar" (), formerly known as the Paris–Dakar Rally (), is an annual rally raid organised by the Amaury Sport Organisation (ASO). It is an off-road endurance event traversing terrain much tougher than conventi ...

four times on a motorcycle, and twice climbed

Mount Kilimanjaro Mount Kilimanjaro () is a dormant volcano in Tanzania. It is the highest mountain in Africa and the highest free-standing mountain above sea level in the world, at above sea level and above its plateau base. It is also the highest volcano i ...

. Lundin died on 26 July 2022, after two years with brain cancer.

References

{{DEFAULTSORT:Lundin, Lukas 1958 births 2022 deaths Deaths from brain tumor Canadian billionaires Swedish billionaires Lundin family New Mexico Institute of Mining and Technology alumni Swedish expatriates in Canada Swedish expatriates in Switzerland Businesspeople from Geneva Businesspeople from Stockholm