Exhibit 12.1

NEWMONT MINING CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Amounts in millions except ratio)

	Three Months Ended March 31, 2008
Earnings:
Income from continuing operations before income tax expense (1) (2)	$	796
Adjustments:
Fixed charges added to earnings		21
Dividends from equity affiliates		––
Amortization of capitalized interest		5
	$	822
Fixed Charges:
Net interest expense (3)	$	20
Portion of rental expense representative of interest		1
Fixed charges added to earnings		21
Capitalized interest		17
	$	38
Ratio of earnings to fixed charges		21.6

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