Lucara Diamond Corp LUCARA FOUNDER AND FORMER CHAIRMAN (9720T)
July 27 2022 - 11:30AM
UK Regulatory
TIDM0QUI
RNS Number : 9720T
Lucara Diamond Corp
27 July 2022
July 27, 2022
PRESS RELEASE
LUCARA FOUNDER AND FORMER CHAIRMAN AND DIRECTOR LUKAS H. LUNDIN
PASSES AWAY
VANCOUVER, July 27, 2022/CNW/ - (LUC - TSX, LUC - BSE, LUC -
Nasdaq Stockholm)
Lucara Diamond Corp. ("Lucara" or the "Company") regrets to
announce the death of Company founder and former Chairman and
member of the Board of Directors, Mr. Lukas H. Lundin, in Geneva,
Switzerland on July 26, 2022 at the age of 64, following a two-year
battle with brain cancer.
Over the past 40 years, Lukas Lundin was the driving force
behind the tremendous success of The Lundin Group of Companies.
Lukas 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.
Under the leadership of Lukas and his brother Ian, and in close
cooperation with the rest of the Lundin family, the Lundin Group of
Companies has grown into an internationally recognized group of
energy and mining companies with operations around the globe,
employing more than 15,000 people and creating opportunities for
tens of thousands more. The 11 companies that make up the Lundin
Group of Companies have a combined market capitalization in excess
of USD 11 billion.
Lukas Lundin 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 Karowe mine is renowned for its
production of large, high quality, type IIA diamonds and is the
only diamond mine in recorded history to have ever recovered three
diamonds in excess of 1,000 carats each.
Lukas Lundin's sons Harry, Adam, Jack and William said in a
joint statement: "Our father is our biggest inspiration . His
passion for the industries to which he devoted his life was
unparalleled. Lukas saw people as the key to success and spent
decades building some of the strongest management teams in our
industries. He always strived to empower those work ing with him
and continuously pushed us to aim higher. We could not have had a
better father and mentor.
Our family is deeply saddened about Lukas' passing but takes
comfort in the knowledge that his legacy will live on for
generations to come. Having worked side-by-side with Lukas for many
years, all of us look forward to continuing to build on the
successes of the companies within the Lundin Group - with the
support of our shareholders and stakeholders, not least the members
of the local communities where we operate. The companies in the
Lundin Group stand stronger than ever and the Lundin family is
united in our commitment to remain long-term shareholders. "
Lucara founding partners, Catherine McLeod-Seltzer, Director and
Eira Thomas, CEO said: "Lukas' passing is a profound loss for all
of us at Lucara and we would like to extend our deepest condolences
to the Lundin Family at this difficult time. 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. His critical, financial sponsorship of the
acquisition and development of the successful Karowe diamond mine
in Botswana, which has operated continuously since 2012 and
generated over $2 Billion in revenues to date, is a testament to
this vision. Further, his commitment to innovation and willingness
to take risks, pledging further support for Lucara's +$500 million
underground expansion project, to access a rich portion of the
orebody and extend the mine life out to 2040, will ensure that the
full value of this remarkable asset is realized to the benefit of
all stakeholders.
Business successes aside, Lukas was a true partner and friend
whose energy and passion for living life to its fullest touched and
enriched the lives of so many people in our Company and within our
local communities of interest in Botswana. Africa was indeed one of
Lukas' favourite places and through his work with Lucara and the
Lundin Foundation, he leaves a lasting legacy of positive economic
development that will benefit generations to come. We will deeply
miss our intrepid and legendary leader, who will forever inspire us
to be bold and think big."
On behalf of the Board,
Eira Thomas
President and Chief Executive Officer
Follow Lucara Diamond on Facebook , Twitter , Instagram , and
LinkedIn
For further information, please contact:
Robert Eriksson, The Lundin Group of Companies
+46 701 112615 | reriksson@rive6.ch
ABOUT LUCARA
Lucara is a leading independent producer of large exceptional
quality Type IIa diamonds from its 100% owned Karowe Mine in
Botswana and owns a 100% interest in Clara Diamond Solutions, a
secure, digital sales platform positioned to modernize the existing
diamond supply chain and ensure diamond provenance from mine to
finger. The Company has an experienced board and management team
with extensive diamond development and operations expertise. The
Company operates transparently and in accordance with international
best practices in the areas of sustainability, health and safety,
environment and community relations.
The information in this release is accurate at the time of
distribution but may be superseded or qualified by subsequent news
releases.
The information was submitted for publication, through the
agency of the contact person set out above, on July 27, 2022 at
8:30am Pacific Time.
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