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The Lundin Group

Founded by Adolf H. Lundin over 50 years ago, the Lundin Group of Companies comprises separate, individually managed public companies focused on the minerals, metals, renewables and energy sectors. Our expertise ranges from early exploration to development and production. Lundin Group companies produce a variety of commodities and operate in over twenty countries worldwide.

The Lundin Group itself is not a corporate entity or a parent company. It is a way of describing a group of companies that share the benefits of the Lundin Family’s expertise, evaluation, guidance and funding. The Lundin Family is usually one of the largest shareholders of each of the companies through several family trusts.

Over the years, The Lundin Group has earned a reputation for executing and delivering projects to the highest standards and to the satisfaction of all stakeholders. Click here to view the 2022 Lundin Group Brochure.

Lundin Group Companies

Gold Development

Guatemala

TSXV – BSR

OTCQB - BBSRF

bluestoneresources.ca

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Copper, Gold and Silver Development

Chile, Argentina

TSXV – FIL

Nasdaq First North Growth Market – FIL

OTCQX - FLMMF

s://filocorp.com

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Oil and Gas Exploration and Production

Canada, Malaysia, France

TSX – IPCO

Nasdaq Stockholm – IPCO

international-petroleum.com

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Exceptional Quality Diamond Production

Botswana

TSX - LUC

Nasdaq Stockholm – LUC

lucaradiamond.com

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High-Grade Underground Gold Mine Development

Ecuador

TSX - LUG

Nasdaq Stockholm – LUG

OTCQX

lundingold.com

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Base Metals Production: Copper, Zinc, Lead, Nickel

Sweden, Portugal, USA, Chile, Brazil

TSX - LUN

Nasdag Stockholm - LUMI

lundinmining.com

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Copper and Gold Exploration

Chile, Argentina

TSX-V - NGEX

ngexminerals.com

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Creating value through the energy transition

Norway, Finland and Sweden

Nasdaq Stockholm - ORRON

orron.com

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Oil Production

Kurdistan

TSXV – SNM

Nasdaq First North Growth Market – SNM

shamaranpetroleum.com

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Human Potential, Realized

lundinfoundation.org

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PRODUCING COMMODITIES FOR A GROWING WORLD
9 Companies
18.7 $Billion
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Lundin Group Today and Beyond

With an entrepreneurial and adventurous outlook on business and life, Lukas H. Lundin and Ian H. Lundin followed in their father's footsteps. Innovative, people-oriented leaders, they have been responsible for the Lundin Group's extraordinary growth. With ongoing operations in over twenty countries, the ten companies in the Lundin Group continue to build futures based on the principles established by visionary founder, Adolf H. Lundin.

The Lundin Group is now lead by Lukas Lundin's sons Adam Lundin, Jack Lundin, Will Lundin and Harry Lundin who represent the third generation along with several other family members.

Adam Lundin

Adam Lundin

Chair, Lundin Mining Corporation

Mr. Lundin has many years of experience in capital markets and public company management across the natural resources sector. His background includes oil & gas and mining technology, investment...

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Jack Lundin

Jack Lundin

President of Lundin Mining Corporation

Jack Lundin was appointed President in December 2022. He has extensive experience in the natural resource industry gained through exposure with several Lundin Group companies...

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William Lundin

William Lundin

Chief Operating Officer of International Petroleum

William Lundin was born in 1993 in Canada and holds a degree in Mineral Resource Engineering from Dalhousie University. William has been involved in the natural resource industry his entire life th...

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Harry Lundin

Harry Lundin

Director of International Petroleum

Harry Lundin graduated from the University of Arizona, where he obtained a degree in Mining Engineering. In addition, Harry received his Master’s degree in Metals and Energy Finance from Imperial C...

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What sets Lundin Group companies apart from many others in the resource industry is our belief that long-term growth is best achieved through shared community values. Our primary goal is always to build lasting relationships with our employees, the immediate community and all levels of government. When we invest, we do so for the long term. With a firm recognition of our environmental responsibility.

Track Record of Success

BUILT ON EXPLORATION AND DEVELOPMENT

SHAREHOLDER RETURN ON INVESTMENT- PAST PROJECTS HAVE GENERATED MORE THAN $15 BILLION OF VALUE

  • 1995 1,757% International Musto
  • 1999 1,091% Argentina Gold
  • 2001 139% Lundin Oil
  • 2004 850% Lundin Mining (EuroZinc)
  • 2006 609% International Uranium
  • 2006 352% Valkyries Pet.
  • 2007 558% Tenke Mining
  • 2008 961% Tanganyika Oil
  • 2010 1,041% Red Back Mining
  • 2022 449% Josemaria
  • 2022 15,600% Lundin Energy
Year is date of takeover, except Lundin Mining and International Uranium where the year is immediately preceding merger.

The Lundin’s unique natural resource development strategy has consistently proven to enhance long-term stakeholder value. It will continue to do so as we move forward. Together.

How we do it

Investing in Long-Term Management

The Lundin Group of Companies has a unique management structure that encourages local community growth supported by over 50 years of experience in resource development.

People managers who have proven their worth as loyal, hardworking and caring individuals lead each Lundin company. Each manager fully subscribes to the overall entrepreneurial management style and strategic direction of the Lundin family and are committed to succeed for the sake of all involved.

Senior management turnover is rare, largely because our selection process is careful and considered, and provides and supports the opportunity to make their business a success. This gives the Lundin Group an unbeatable human resources track record.

Progressive, responsible and entrepreneurial. That’s the Lundin Group’s way to manage futures.

Building Successful
Partnerships

The Lundin Group of Companies has worked with some of the most successful resource development companies in the world.

Relationships are built according to the location and task at hand with a goal of synergistic growth – based on collective experience.

  • Ampolex (Mobil)
  • Anschutz Overseas
  • ARCO
  • Areva
  • Barrick Gold
  • Bhpbilliton
  • Boliden
  • BP
  • Cameco
  • CNOOC
  • Det norske oljeselskap
  • Elf Hydrocarbures
  • Enterprise Oil
  • Freeport-McMoRan
  • Gazprombank
  • Gulf Oil
  • IFC
  • JOGMEC
  • KEPCO
  • Maersk Oil
  • Marathon Oil
  • Metallica Mining
  • North Limited
  • Nuclear Fuel Services
  • Pan Pacific Copper
  • Petoro
  • Petro Vietnam
  • Petronas Carigali
  • Phelps Dodge
  • Rio Algom
  • Rio Tinto
  • Statoil
  • TAQA
  • Teck
  • Total
  • Tullow Oil
  • Washington Group
  • WMC Limited

Responsible Mineral and Energy Development

The Lundin Group is committed to addressing the challenge of sustainability - delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities and minimizing its environmental footprint.

Commitments include:

  • Prioritizing the health and safety of employees and proximate communities
  • Meeting and, where possible, exceeding all regulatory requirements for environmental performance
  • Supporting and protecting internationally recognized human rights
  • Actively engaging and maintaining dialogue with a broad range of stakeholders in a spirit of transparency and good faith
  • Maximizing employment and business opportunities for locally impacted communities
  • Maintaining the highest standards of corporate governance and ethics
  • The Lundin Foundation www.lundinfoundation.org.

The Lundin Foundation is a registered Canadian non-profit supported by the Lundin Group of Companies. Founded by Lukas Lundin in 2006, the Foundation elevates developmental practices across the Lundin Group, ensuring resource operations mobilize local economic opportunities and benefit surrounding communities.

Working with the Lundin Group of companies worldwide, the Lundin Foundation supports its partners in developing strategic community investments and improving their Environmental and Social Governance (ESG) performance.

Group Total Market Cap

* July 2022 - Lundin Energy acquired by BP Aker