Exhibit 12.1

Exhibit 12.1

NEWMONT MINING CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions except ratio)


	Three Months Ended
	March 31, 2009
Earnings:
Income from continuing operations before income tax expense, equity loss of affiliates and noncontrolling interests in subsidiaries ⁽¹⁾	$	387
Adjustments:
Fixed charges added to earnings		35
Dividends from equity affiliates		—
Amortization of capitalized interest		5

	$	427

Fixed Charges:
Net interest expense ⁽²⁾	$	32
Portion of rental expense representative of interest		3

Fixed charges added to earnings		35
Capitalized interest		15

	$	50

Ratio of earnings to fixed charges		8.5


⁽¹⁾		Excludes interest on income tax liabilities. Interest and penalties related to income taxes are included in Income tax expense.

⁽²⁾		Includes interest expense of majority-owned subsidiaries and amortization of debt issuance costs.