A quite startling understanding to be gleaned from Rio Tinto’s Juukan Gorge atrocity is of the divergent viewpoints of the company’s Australian and British-based shareholders.

Institutional investors in Australia considered the Rio Tinto board’s review led by Michael L’Estrange to be cynically conceived and the penalties it imposed on three executives to be insultingly incommensurate with the gravity of their failings – insulting, specifically, to the Aboriginal traditional owners of the land from which the mining giant generates greater than four-fifths of its earnings.