Lukas Lundin

Lukas Henrik Lundin (born 1958) is a Swedish-Canadian billionaire businessman, based in Geneva, Switzerland. He is the chairman of Lundin Mining, Denison Mines, Lucara Diamond, NGEx Resources Inc, Lundin Gold Inc, the Lundin Foundation, and Vostok Gas. He is also the owner of a $100 million superyacht, Savannah.

Lukas Lundin
Born1958 (age 62–63)
NationalitySwedish-Canadian
Alma materNew Mexico Institute of Mining and Technology
OccupationBusinessman
Net worthUS$2.5 billion (August 2016)
TitleChairman, Lundin Mining
Children4 sons
Parent(s)Adolf H. Lundin
RelativesIan Lundin (brother)

Early life and education

Lukas Lundin was born in 1958, the son of Adolf H. Lundin, the founder of Lundin Mining and Lundin Petroleum.[1][2] He graduated from the New Mexico Institute of Mining and Technology in 1981.[1]

Career

Lundin was in charge of International Petroleum Corporation's oil and gas operations in 1982, based in Dubai.[1] 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.[1]

Lundin is the chairman of Lundin Mining, Denison Mines, Lucara Diamond, NGEx Resources Inc, Lundin Gold Inc, the Lundin Foundation,[1] and Vostok Gas.[2]

Together with his younger brother Ian Lundin, who chairs Lundin Petroleum, he has 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.[3]

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 in 2013, and control of the Candelaria/Ojos del Salado copper mines in Chile from Freeport-McMoRan Inc in 2014.[3] Lundin believes zinc is 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 is "comfortable doing business".[3]

Super-yacht

Lundin owns the $100 million super-yacht Savannah, designed by De Voogt Naval Architects and CG Design, and which was built in 2015 at the Feadship yard in Aalsmeer, the Netherlands.[2][4][5] The yacht uses a single diesel engine, which uses three generators to charge banks of lithium-ion batteries to drive electrically-powered screws, and producing a 30% fuel savings, as it allows a choice between diesel, electric or hybrid modes as needed.[5][6] The yacht has a crew of 22, and can take 12 passengers.[2]

Personal life

Lundin is divorced, and has four sons.[7][8]

Lundin was based in Vancouver, Canada, for nearly 25 years, before moving to Geneva, Switzerland in 2013, where his brother Ian already lived, and where they commute to work together from houses on the shores of Lake Geneva.[8][9]

He has competed in the Paris-Dakar rally four times on a motorcycle, and has twice climbed Mount Kilimanjaro.[3]

Lundin Foundation

The Lundin Foundation has invested in M-kopa.[10]

References
  1. "Lukas Lundin – Lundin Petroleum Board of directors". Lundin-petroleum.com. Archived from the original on 25 March 2016. Retrieved 18 March 2017.
  2. "Lukas Lundin and his Amazing US$ 100 Million Luxury Yacht Savannah". Superyachtfan.com. Archived from the original on 21 December 2016. Retrieved 19 March 2017.
  3. "The Swedish Tycoon Hunting for Commodities Says He Makes His Own Luck". Bloomberg. 29 August 2016. Archived from the original on 6 April 2017. Retrieved 18 March 2017.
  4. Baumgard, Josh (26 September 2016). "The award-winning $100M Savannah is docked in Miami – Curbed Miami". Miami.curbed.com. Archived from the original on 1 October 2016. Retrieved 19 March 2017.
  5. Szondy, David (31 January 2015). "Savannah, the world's first hybrid superyacht". New Atlas. Archived from the original on 26 March 2017. Retrieved 26 March 2017.
  6. Frank, Robert (22 August 2015). "Hybrid-Powered Megayachts Come With Green Bragging Rights". New York Times. Retrieved 26 March 2017.
  7. "Commodity tycoon Lukas Lundin expects oil to hit US$100 on global capex cuts | Financial Post". Business.financialpost.com. Archived from the original on 4 October 2016. Retrieved 19 March 2017.
  8. "The brothers Lundin want to pour oil on the waves" (PDF). Cdn.ceo.ca.s3-us-west-2.amazonaws.com. Retrieved 19 March 2017.
  9. Andy Hoffman. "Lundin's death leaves big shoes to fill for sons". The Globe and Mail. Retrieved 19 March 2017.
  10. "M-KOPA". Crunchbase. Retrieved 3 November 2017.
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