Feb 4 (Reuters) - South32 Ltd S32.AX :
* Major restructuring plans and non-cash charges S32.AX
* Says it expects to book pre-tax, non-cash charges of approximately US$1.7B (post-tax US$1.7B) when it reports its December 2015 half year financial results
* Optimised mine plans, redundancies and restructuring initiatives expected to reduce rand denominated mine gate costs by a commensurate amount"
* Says "reduction of approximately 620 employees across the joint venture"
* Pre-tax restructuring costs, including redundancies, of approximately US$10M (South32 share) are anticipated in FY 2016
* Says annual sustaining capital expenditure is also expected to decline by approximately 80% to US$7M (South32 share) in FY 2017
* Charges will be excluded from the group's underlying earnings measures in the December 2015 half year
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