VANCOUVER - LUNDIN MINING and the Lundin family have set aside US$2.0 million to launch a foundation in memory of the late entrepreneur and mining engineer Adolf Lundin. The organization aims to strengthen the mining minerals industry in Sweden and internationally. Funds will be provided for both education and research.
The foundation will be based at Lulea University of Technology, the leading educational and research university for mining and mineral engineering, geology and exploration in Sweden. The foundation will also be able to provide support for research programs and education at other institutions, as well as projects to provide information and promote the exchange of knowledge between the mining and minerals industry, educational institutions and society as a whole.
Adolf and Eva Lundins son Ian will act as the chairman of the foundation and the Lundin family's representative, while Lundin Mining will be represented by the company's incoming president and CEO, Karl-Axel Waplan. The board will also include Pia Sandvik Wiklund, vice-chancellor of Lulea University and Lorentz Andersson, county governor of Vasterbotten.
Entrepreneur and mining engineer Adolf Lundin devoted much of his life to building the internationally recognized Lundin Group of Companies, which today consists of more than a dozen mineral prospecting and mining production companies, as well as significant operations within the international oil industry. The road to success was tough at times, but throughout his life Adolf Lundin never lost sight of his goals. Together with his eldest son Lukas, Adolf was one of the founders of Lundin Mining.
Lulea University of Technology has an English language website at www.LTU.se/english.