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, 2007
Earnings:
Income from continuing operations before income tax expense (1) (2)	$	412
Adjustments:
Fixed charges added to earnings		83
Dividends from equity affiliates		1
Amortization of capitalized interest		10
	$	506
Fixed Charges:
Net interest expense (3)		77
Portion of rental expense representative of interest		6
Fixed charges added to earnings		83
Capitalized interest		36
	$	119
Ratio of earnings to fixed charges		4.3

⁽¹⁾ Income from continuing operations before income tax expense, minority interest and equity income of affiliates.

⁽²⁾ Excludes interest on income tax liabilities. Interest and penalties related to income taxes are included in Income tax expense.

⁽³⁾ Includes interest expense of majority-owned subsidiaries and amortization of debt issuance costs.