The sage investing advice to “buy low and sell high” is a simple concept, but exceedingly hard to pull off in real life over and over again. Our Mining Person of the Year for 2015, mining executive Lukas Lundin, has repeatedly bought low and sold high throughout his career in many commodities and regions, and has accomplished the equally challenging corollary of building and growing companies during industry downturns.
Born in 1958, Lukas Lundin has led a quintessential cosmopolitan life, with much of his childhood spent in Sweden and Switzerland, followed by his earning an engineering degree from the New Mexico Institute of Mining and Technology in 1981. In 1982, Mr. Lundin headed International Petroleum Corp.’s oil and gas operations and was based in Dubai from 1990 to 1995.
His earliest successes in mining were as president of International Musto Exploration, which bought the Bajo de la Alumbrera copper deposit in Chile, which was later taken over for US$500 million by Rio Algom and North Ltd., and his leadership of Argentina Gold, which discovered the multi-million ounce Veladero gold deposit, which was taken over by Homestake Mining for US$300 million in 1999. Meanwhile in the oil sector, Lundin Oil was sold Talisman Energy for US$480 million in 2001.
Today, Lukas Lundin is atop the Vancouver-based Lundin Group of Companies, founded by his father Adolf, and now co-led by his sons Lukas and Ian.
Read the entire story at http://www.NorthernMiner.com/general/lukas-lundin
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