Lundin Mining Announces Passing of Founder and Former Chairman Mr. Lukas H. Lundin

TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") regrets to announce that the Company´s founder and former Chairman, Mr. Lukas H. Lundin, passed away on July 26, 2022 at the age of 64, following a two-year battle with brain cancer.

Over the past 40 years, Lukas has been a driving force behind the tremendous successes of companies within the Lundin Group. Lukas started his career in the international energy and mining sectors in the early 1980s working side-by-side with his father, the late Mr. Adolf H. Lundin.

Under the leadership of Lukas and his brother Ian, and in close cooperation with the rest of the Lundin family, the Lundin Group has grown into an internationally recognized portfolio of energy and mining companies with operations spanning the globe. The eleven companies that comprise the Lundin Group today have a combined market capitalization in excess of USD 11 billion , directly employing more than 15,000 people and creating opportunities for tens of thousands more.

Lukas Lundin´s sons Harry, Adam, Jack and William in a joint statement say, "Our father is our biggest inspiration. 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.

Our family is deeply saddened about Lukas' passing but takes comfort in the knowledge that his legacy will live on for generations to come. Having worked side-by-side with Lukas for many years, all of us look forward to continuing to build on the successes of the companies within the Lundin Group – with the support of our shareholders and other stakeholders, not least the members of the local communities where we operate. The companies in the Lundin Group stand stronger than ever and the Lundin family is united in our commitment to remain long term shareholders ."

Lukas founded Lundin Mining together with his father in the mid-1990s and was a member of the Board of Directors and Chairman of the Company for more than 25 years until he stepped down in May 2022 . In his role as Chairman, Lukas oversaw Lundin Mining's development from an exploration-stage company into a global mid-tier producer with a strong copper focus and a portfolio of world-class assets.

Lundin Mining's President and CEO, Peter Rockandel , commented "The many successes of Lundin Mining and the Lundin Group owe directly to Lukas' extraordinary strategic foresight, matched only by his relentless drive. 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."

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining company with operations and projects in Argentina , Brazil , Chile , Portugal , Sweden and the United States of America , primarily producing copper, zinc, gold and nickel.

The information was submitted for publication on July 27, 2022 , at 11:30 Eastern Time .

SOURCE Lundin Mining Corporation

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/July2022/27/c7522.html

News Provided by Canada Newswire via QuoteMedia

LUN:CA,LUNMF
The Conversation (0)
Drill in dirt at mine site with "5 Top Canadian Mining Stocks This Week" text overlay.

Top 5 Canadian Mining Stocks This Week: VR Resources Soars with 384 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.Statistics Canada released Q2 gross domestic product (GDP) numbers on Friday (August 28). The data... Keep Reading...
Hand holds rough brown rock over blurred earth-toned background.

Sumitomo and G Mining Group Back Tintina's Dos Amigos Copper-Gold Project

Sumitomo (OTCPL:SSUMF,TSE:8053) and engineering firm G Mining Group have acquired a 25 percent stake in Tintina Mines (TSXV:TTS,OTCPL:TNNTF) to advance the Dos Amigos copper-gold project in Northern Chile.Through a 50/50 special purpose vehicle, Sumitomo and G Mining have subscribed for C$48... Keep Reading...
Flags of Argentina and Chile overlapping, displaying colors and symbols on textured fabric.

Chile and Argentina Revive Treaty for Multibillion-Dollar Copper Hub

Argentina and Chile approved operating protocols to integrate three mega-mining projects across the Andes Mountains, advancing a legal framework designed to unlock more than US$20.7 billion in copper investment. Officials from both countries convened in Santiago on Thursday (August 27) under the... Keep Reading...
US$100 bills, text saying "tariffs."

US Tariff Fears Drive Copper Stockpile Rush

Traders are flooding American warehouses with refined copper to beat potential import tariffs, draining global inventories and pushing prices near all-time highs despite sufficient physical supply worldwide.On the New York Commodity Exchange, copper for September delivery surged to a record... Keep Reading...
A sack of US money.

EXIM Backs Ivanhoe Copper Mine with US$1.1 Billion Financing

Ivanhoe Electric (TSX:IE,NYSEAMERICAN:IE) has secured a US$1.1 billion preliminary debt financing package from the US Export-Import Bank (EXIM) to develop the Santa Cruz copper project in Arizona.The preliminary project letter, announced on Monday (August 24) increases the federal agency's... Keep Reading...

Interactive Chart

Latest Press Releases

Related News