The Swedish Tycoon Hunting for Commodities Says He Makes His Own Luck – by Danielle Bochove (Bloomberg News – August 29, 2016)

If Monopoly were played for natural resources, Lukas Lundin would be the natty gent in the tuxedo — riding a motorcycle. And like many with a knack for the board game, the Swedish-Canadian tycoon says his victories are as much about guts as a good roll of the dice.

“You make your own luck,” the 58-year-old Lundin said in an interview at his Vancouver offices last week. “If you sit at home, you’re never going to get the luck.”

No one could accuse Lundin of lazing around the house. He and his younger brother, Ian Lundin, oversee a family fortune estimated to be worth at least $2.5 billion, according to the Bloomberg Billionaires Index, a number Lundin said is about right. The Lundins own stakes in companies across the globe, holding commodities from industrial metals, gold and diamonds to oil, uranium and Latin American cattle. And they’re not done yet.

‘Good Time’

“It’s a good time to acquire right now,” Lundin said from his office overlooking the cargo ships and sparkling waters of Burrard Inlet.

The best opportunities are in base metals and he’s keen to see Lundin Mining Corp., of which the family owns about 13 percent, resume its acquisition spree. The company bought a controlling stake in Freeport-McMoRan Inc.’s Candelaria/Ojos del Salado copper operations in Chile in 2014 and the Eagle nickel and copper mine in Michigan from Rio Tinto Group in 2013.

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