EX-12.1 3 c23684exv12w1.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)
         
    Nine Months Ended  
    September 30, 2011  
Earnings:
        
 
        
Income before income and mining tax and other items (1)
   $ 2,856  
Adjustments:
        
Fixed charges added to earnings
     206  
Dividends from equity affiliates
     15  
Amortization of capitalized interest
     18  
 
      
 
   $ 3,095  
 
      
 
        
Fixed Charges:
        
Net interest expense (2)
   $ 193  
Portion of rental expense representative of interest
     13  
 
      
Fixed charges added to earnings
     206  
Capitalized interest
     31  
 
      
 
   $ 237  
 
      
Ratio of earnings to fixed charges
     13.1  
 
     
(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.