Mining News

Lucara founder Lukas Lundin passes away

Lucara Diamond founder and former Chairman Lukas H. Lundin died in Geneva at the age of 64, following a two-year battle with brain cancer.

Lundin started his career in the international energy and mining sectors in the early 1980s working side-by-side with his father, the late Adolf H. Lundin.

He founded Lucara along with partners Eira Thomas and Catherine McLeod-Seltzer in 2007, and he served as a director and Chairman of the Board until May 2022.

In 2010, Lucara acquired the AK06 kimberlite in Botswana and advanced the project through feasibility and construction, commencing open pit production at the Karowe diamond mine in 2012. The mine is the only diamond mine in recorded history to have ever recovered three diamonds in excess of 1,000 carats each.

“Lukas will be remembered as a visionary, a man of true conviction who was never afraid to swim against the tide once the value of an opportunity became apparent,” said Lucara founding partners, Catherine McLeod-Seltzer, and Eira Thomas in a note.

The 11 companies that make up the Lundin Group of Companies have a combined market capitalization in excess of USD 11 billion. 

Share this article