Exhibit 12.2

NEWMONT MINING CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Amounts in thousands except ratio)

(Unaudited)

	Nine Months Ended September 30, 2002
	As Restated
Earnings:
Income before income taxes, net of minority interest in income of subsidiaries	$	79,849
Adjustments:
Net interest expense (1)		99,320
Amortization of capitalized interest		6,777
Portion of rental expense representative of interest		2,050
Undistributed income of affiliate		37,167
Minority interest in income of subsidiaries		62,329
	$	287,492
Fixed Charges:
Net interest expense (1)	$	99,320
Capitalized interest		3,912
Portion of rental expense representative of interest		2,050
	$	105,282
Ratio of earnings to fixed charges		2.7

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