Advice from BlackRock’s Evy Hambro that investor environment, social and governance will become the biggest challenge for the major mining houses over the coming decade comes as no surprise to the people who manage that elite group of companies.

Just more than two years ago, sitting comfortable in a corner office of Rio Tinto’s erstwhile Melbourne HQ, Jean-Sebastien Jacques suggested he could to shuffle the super-major miner’s portfolio to recover standing with increasingly climate change worried investors.