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AAP
AAP
Derek Rose

Australia urged to learn from Canada on mining capital

BHP contributed $17 billion in taxes and royalties to Australia last year, its AGM heard. (Dean Lewins/AAP PHOTOS)

Australia needs to pay close attention to moves by Canada, Argentina and Chile as it competes for investment dollars, the leader of the nation's largest listed company says.

BHP chairman Ross McEwan told the mining giant's annual general meeting the company was a global allocator of capital, which he said always flowed to projects, companies and countries that could deliver the best returns.

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