About Us
The Lundin Group
MINING, OIL & GAS
Founded by Adolf H. Lundin over forty-five years ago, the Lundin Group of Companies comprises twelve separate, individually managed public companies focused on the resource sector. 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.
Lundin Group Companies
Adolf H. Lundin with his sons Lukas H. Lundin (left) and Ian H. Lundin (right).
Our Founder, Our Future
Adolf H. Lundin, 1932-2006
Adolf H. Lundin created the template for the Lundin Group of Companies as miners, oilers and natural resource explorers. He was relentless in his pursuit of new finds and passionate about the need to supply raw materials to a growing world economy. Adolf was a “rock” star in the true sense of the word in the resource industry. His worldwide followers adored him and happily called themselves “Lundinies.”
His legacy looms large and his values remain intact in the hands of his sons and grandsons. Success measured as much, if not more so, in respect for all. He truly was a caring, giving individual who believed that sharing wealth was mandatory – while meeting the resource needs of a rapidly growing world and all stakeholders.
But above all we honour Adolf.
Lundin Group Today and Beyond
With an entrepreneurial and adventurous outlook on business and life, Lukas H. Lundin and Ian H. Lundin have followed in their father’s footsteps. They are innovative, people-oriented leaders who are in it for the long haul. With ongoing operations in over twenty countries, the twelve companies in the Lundin Group continue to build futures based on the principles established by our visionary founder, Adolf H. Lundin.
Lukas Lundin’s sons Adam Lundin, Jack Lundin, Will Lundin and Harry Lundin have also now joined the family business and represent the third generation along with several other family members.
Adolf Lundin
December 19, 1932-September 30, 2006
Mr. Adolf H. Lundin was a true global entrepreneur of a caliber rarely seen today, refusing to see difficulties, but rather only possibilities. Operating from offices ...
Lukas Lundin
Born in 1958, Lukas Lundin graduated from the New Mexico Institute of Mining and Technology (engineering) in 1981. In 1982, Mr. Lundin headed International Petroleum Corporation’s oil and gas opera...
Ian Lundin
Born in 1960, Ian Lundin graduated from Tulsa University in 1982 with a Bachelor of Science in Petroleum Engineering. Upon graduation, he joined Wintershall AG where he worked as a drilling enginee...
Adam Lundin
President and CEO of Josemaria Resources Inc.
Mr. Adam 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, inves...
Jack Lundin
President and CEO of Bluestone Resources Inc.
President and CEO of Bluestone Resources Inc., Mr. Jack Lundin has been involved in the natural resource industry his entire life through exposure to several Lundin Group companies. Prior to joinin...
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...
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...
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.
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.
PRODUCING COMMODITIES FOR
A GROWING WORLD
- 12 Companies
- $26 Billion
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
Year is date of takeover, except Lundin Mining and International Uranium where the year is immediately preceding merger.
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 forty-five 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 instilled by Lukas H. Lundin and Ian H. Lundin, and is 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.