Sustainability is also very important to us. Mining is by definition harmful to nature, but we only invest in listed companies that deal responsibly with the environment and not in small, unregulated companies that burden the environment with pollutants (eg mercury). In addition, the emphasis of our fund is on exploration (searching) and not on exploitation (production). The search for new raw materials, by means of drilling, hardly disturbs nature. Sustainability risks are therefore integrated in investment decisions as much as possible. We actively contribute to emphasizing the importance of the so-called ESG principles, whose uptake in the mining industry is accelerating. Our fund does not invest in countries where there are reports of child or slave labor (eg North Korea, Eritrea). We also avoid companies associated with potential corruption, such as paying exorbitant management fees to local partners. In general, the reliability of management is an important part of our due diligence process, as is the way in which companies treat local residents. In addition, we are in favor of a fair distribution of the proceeds from raw material production, so that the locals also benefit from their extraction.