Exhibit 12.2

NEWMONT MINING CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Amounts in thousands except ratio)

(Unaudited)

	Six Months Ended June 30, 2002
	As Restated
Earnings:
Loss before income taxes, net of minority interest in income of subsidiaries	$	66,776
Adjustments:
Net interest expense (1)		66,238
Amortization of capitalized interest		4,815
Portion of rental expense representative of interest		1,765
Undistributed income of affiliate		18,724
Minority interest in income of subsidiaries		29,834
	$	188,152
Fixed Charges:
Net interest expense (1)	$	66,238
Capitalized interest		2,294
Portion of rental expense representative of interest		1,765
	$	70,297
Ratio of earnings to fixed charges		2.7

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