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Posted AT 5:30 PM EST on 08/10/08

Slump worst in 50 years: Lundin

Globe and Mail update

As the scion of the Lundin family resources empire, Lukas Lundin has both prospered and suffered through plenty of commodity sector booms and busts. Yet in all his years as a mining executive and financier he has never seen anything like this. "I'm very surprised. This is the worst correction we have had in the last 50 years," Mr. Lundin said in an interview this week. Just two weeks ago, the chairman of Lundin Mining Corp.

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