When Lukas Lundin was ten years old, his father – resource industry legend and X-Leaguer, Adolph Lundin – sat him and his brother down and asked, "Who's going to be the mining engineer and who's going to be the petroleum engineer?" Thus were planted the seeds of his long and storied career of developing oil, uranium, gold, copper and even iodine, in Africa, the Middle East, South America, Russia and Mongolia.
By the time he was 15 years old, Lukas was attending corporate board meetings and flying around the world looking at mines. After schooling in the United States, he was immediately off to explore for gold in Sierra Leone, running a 50-man exploration crew before he was even old enough to legally drink in a bar.
XL: First off, Lukas, I'm sure all of our readers would love to hear about what it was like growing up in the Lundin family, one of the resource industry's most successful family enterprises. Growing up, you must have had a lot of exposure to the resource sector.
Lukas: Normally at the dinner table we'd talk rocks and stocks. (laughs) That was the only thing my father talked about. I was definitely exposed to it.
XL: How old were you when you first started becoming involved in the family business?
There’s a bidding war underway for Lundin Mining (T.LUN; OMX: LUMI), as Equinox Minerals (T.EQN) announced an offer to acquire Lundin Mining for approximately C$4.8 billion in cash and shares. This comes on the heels of LUN’s proposed merger with Inmet Mining to form Symterra Corporation. Lundin Mining produces copper, nickel, lead and zinc in Portugal, Spain and Sweden.