BHP said it expected to record a charge of $650 million in its fiscal 2018 results on account of the failure but the charge was at the lower end of expectations according to analysts.
Most ore will be sourced locally from various locations including the northwestern states of Zamfara, Kebbi and Kaduna, as well as the central states of Kwara and Niger.
Various international groups had expressed interest in exploring for lithium in Portugal, which is the world's sixth-largest lithium producer, and Europe's biggest.
The Philippine Iron and Steel Project will be the country's first integrated steel complex and represents the biggest industrial investment from China.
Deferring for the fourth time retaliatory action against higher import tariffs imposed by the U.S. on steel and aluminium, the government said on Monday.