EX-12.1 6 c20053exv12w1.htm EXHIBIT 12.1 exv12w1
Exhibit 12.1
NEWMONT MINING CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions, except ratio)
         
    Six Months Ended  
    June 30, 2011  
Earnings:
        
 
        
Income before income and mining tax and other items (1)
   $ 1,820  
Adjustments:
        
Fixed charges added to earnings
     136  
Amortization of capitalized interest
     12  
 
      
 
   $ 1,968  
 
      
 
        
Fixed Charges:
        
Net interest expense (2)
   $ 128  
Portion of rental expense representative of interest
     8  
 
      
Fixed charges added to earnings
     136  
Capitalized interest
     17  
 
      
 
   $ 153  
 
      
Ratio of earnings to fixed charges
     12.9  
 
     
(1)   Excludes interest on income tax liabilities. Interest and penalties related to income taxes are included in Income and mining tax expense.
 
(2)   Includes interest expense of majority-owned subsidiaries and amortization of debt issuance costs.