10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

Form 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended March 31, 2012

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                    to                     

Commission File Number: 001-31240

NEWMONT MINING CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	84-1611629
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)
6363 South Fiddler’s Green Circle Greenwood Village, Colorado	80111
(Address of Principal Executive Offices)	(Zip Code)

(303) 863-7414

Registrant’s telephone number, including area code

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    x  Yes    ¨  No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    x  Yes    ¨  No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12-b2 of the Exchange Act. (Check one):

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company.)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12-b2 of the Exchange Act).    ¨  Yes    x  No

There were 490,629,352 shares of common stock outstanding on April 18, 2012 (and 4,914,758 exchangeable shares).

TABLE OF CONTENTS

	Page
PART I
ITEM 1. FINANCIAL STATEMENTS		1
Condensed Consolidated Statements of Income		1
Condensed Consolidated Statements of Comprehensive Income		2
Condensed Consolidated Statements of Cash Flows		3
Condensed Consolidated Balance Sheets		4
Notes to Condensed Consolidated Financial Statements		5
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS		38
Overview		38
Selected Financial and Operating Results		40
Consolidated Financial Results		41
Results of Consolidated Operations		46
Liquidity and Capital Resources		49
Environmental		52
Accounting Developments		52
Non-GAAP Financial Measures		53
Safe Harbor Statement		55
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK		56
ITEM 4. CONTROLS AND PROCEDURES		58
PART II
ITEM 1. LEGAL PROCEEDINGS		59
ITEM 1A. RISK FACTORS		59
ITEM 2. ISSUER PURCHASES OF EQUITY SECURITIES		59
ITEM 3. DEFAULTS UPON SENIOR SECURITIES		59
ITEM 4. MINE SAFETY DISCLOSURES		59
ITEM 5. OTHER INFORMATION		60
ITEM 6. EXHIBITS		60
SIGNATURES		61
EXHIBIT INDEX		62

PART I—FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

NEWMONT MINING CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(unaudited, in millions except per share)

	Three Months Ended
	March 31,
	2012			2011
Sales (Note 3)	$	2,683		$	2,465
Costs and expenses
Costs applicable to sales (1) (Note 3)		1,017			940
Amortization (Note 3)		231			256
Reclamation and remediation (Note 4)		16			14
Exploration		88			62
Advanced projects, research and development		102			68
General and administrative		54			45
Other expense, net (Note 5)		120			73
		1,628			1,458
Other income (expense)
Other income, net (Note 6)		33			31
Interest expense, net		(52	)		(65	)
		(19	)		(34	)
Income before income and mining tax and other items		1,036			973
Income and mining tax expense (Note 9)		(343	)		(305	)
Equity income (loss) of affiliates		(19	)		2
Income from continuing operations		674			670
Loss from discontinued operations (Note 10)		(71	)		—
Net income		603			670
Net income attributable to noncontrolling interests (Note 11)		(113	)		(156	)
Net income attributable to Newmont stockholders	$	490		$	514
Net income attributable to Newmont stockholders:
Continuing operations	$	561		$	514
Discontinued operations		(71	)		—
	$	490		$	514
Income per common share (Note 12)
Basic:
Continuing operations	$	1.13		$	1.04
Discontinued operations		(0.14	)		—
	$	0.99		$	1.04
Diluted:
Continuing operations	$	1.11		$	1.03
Discontinued operations		(0.14	)		—
	$	0.97		$	1.03
Cash dividends declared per common share	$	0.35		$	0.15

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

The accompanying notes are an integral part of the condensed consolidated financial statements.

1

NEWMONT MINING CORPORATION

STATEMENTS OF CONDENSED CONSOLIDATED COMPREHENSIVE INCOME (LOSS)

(unaudited, in millions)

	Three Months Ended March 31,
	2012			2011
	(in millions)
Net income	$	603		$	670
Other comprehensive income (loss):
Unrealized gain (loss) on marketable securities, net of $23 and $(28) tax benefit (expense), respectively		(40	)		168
Foreign currency translation adjustments		10			89
Change in pension and other post-retirement benefits, net of $2 and $1 tax benefit, respectively		4			4
Change in fair value of cash flow hedge instruments, net of $26 and $11 tax expense, respectively
Net change from periodic revaluations		69			55
Net amount reclassified to income		(35	)		(33	)
Net unrecognized gain on derivatives		34			22
Other comprehensive income		8			283
Comprehensive income	$	611		$	953
Comprehensive income attributable to:
Newmont stockholders	$	496		$	795
Noncontrolling interests		115			158
	$	611		$	953

The accompanying notes are an integral part of the condensed consolidated financial statements.

2

NEWMONT MINING CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited, in millions)

	Three Months Ended March 31,
	2012			2011
Operating activities:
Net income	$	603		$	670
Adjustments:
Amortization		231			256
Loss from discontinued operations		71			—
Reclamation and remediation		16			14
Deferred income taxes		(55	)		(33	)
Stock based compensation and other non-cash benefits		17			19
Impairment of marketable securities		24			—
Gain on asset sales, net		(10	)		(3	)
Other operating adjustments and write-downs		72			45
Net change in operating assets and liabilities (Note 22)		(356	)		21
Net cash provided from continuing operations		613			989
Net cash used in discontinued operations		(4	)		—
Net cash provided from operations		609			989
Investing activities:
Additions to property, plant and mine development		(696	)		(402	)
Purchases of marketable securities		(143	)		(12	)
Acquisitions, net		(11	)		(7	)
Proceeds from sale of other assets		12			6
Other		(17	)		(3	)
Net cash used in investing activities		(855	)		(418	)
Financing activities:
Proceeds from debt, net		3,346			—
Repayment of debt		(1,907	)		(31	)
Payment of conversion premium on debt		(172	)		—
Dividends paid to common stockholders		(173	)		(74	)
Dividends paid to noncontrolling interests		—			(15	)
Proceeds from stock issuance, net		2			3
Other		(2	)		—
Net cash provided from (used in) financing activities		1,094			(117	)
Effect of exchange rate changes on cash		4			23
Net change in cash and cash equivalents		852			477
Cash and cash equivalents at beginning of period		1,760			4,056
Cash and cash equivalents at end of period	$	2,612		$	4,533

The accompanying notes are an integral part of the condensed consolidated financial statements.

3

NEWMONT MINING CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited, in millions)

	At March 31,		At December 31,
	2012		2011
ASSETS
Cash and cash equivalents	$	2,612	$	1,760
Trade receivables		349		300
Accounts receivable		362		320
Investments (Note 16)		179		94
Inventories (Note 17)		699		714
Stockpiles and ore on leach pads (Note 18)		744		671
Deferred income tax assets		263		396
Other current assets (Note 19)		884		1,133
Current assets		6,092		5,388
Property, plant and mine development, net		16,364		15,881
Investments (Note 16)		1,479		1,472
Stockpiles and ore on leach pads (Note 18)		2,470		2,271
Deferred income tax assets		1,652		1,605
Other long-term assets (Note 19)		904		857
Total assets	$	28,961	$	27,474
LIABILITIES
Debt (Note 20)	$	69	$	689
Accounts payable		497		561
Employee-related benefits		245		307
Income and mining taxes		343		250
Other current liabilities (Note 21)		1,417		2,133
Current liabilities		2,571		3,940
Debt (Note 20)		6,081		3,624
Reclamation and remediation liabilities (Note 4)		1,263		1,169
Deferred income tax liabilities		2,100		2,147
Employee-related benefits		484		459
Other long-term liabilities (Note 21)		397		364
Total liabilities		12,896		11,703
Commitments and contingencies (Note 25)
EQUITY
Common stock		785		784
Additional paid-in capital		8,263		8,408
Accumulated other comprehensive income		658		652
Retained earnings		3,369		3,052
Newmont stockholders’ equity		13,075		12,896
Noncontrolling interests		2,990		2,875
Total equity		16,065		15,771
Total liabilities and equity	$	28,961	$	27,474

The accompanying notes are an integral part of the condensed consolidated financial statements.

4

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 1 BASIS OF PRESENTATION

The interim Condensed Consolidated Financial Statements (“interim statements”) of Newmont Mining Corporation and its subsidiaries (collectively, “Newmont” or the “Company”) are unaudited. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these interim statements have been included. The results reported in these interim statements are not necessarily indicative of the results that may be reported for the entire year. These interim statements should be read in conjunction with Newmont’s Consolidated Financial Statements for the year ended December 31, 2011 filed February 24, 2012 on Form 10-K. The year-end balance sheet data was derived from the audited financial statements and, in accordance with the instructions to Form 10-Q, certain information and footnote disclosures required by United States generally accepted accounting principles (“GAAP”) have been condensed or omitted.

References to “A$” refer to Australian currency, “C$” to Canadian currency, “NZ$” to New Zealand currency and “$” to United States currency.

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Recently Adopted Accounting Pronouncements

Goodwill Impairment

In September 2011, the ASC guidance was issued related to goodwill impairment. Under the updated guidance, an entity will have the option to first assess qualitatively whether it is necessary to perform the current two-step goodwill impairment test. If the Company believes, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. The update does not change how the Company performs the two-step impairment test under current guidance. The Company’s January 1, 2012 adoption of the guidance had no impact on the Company’s consolidated financial position, results of operations or cash flows.

Fair Value Accounting

In May 2011, ASC guidance was issued related to disclosures around fair value accounting. The updated guidance clarifies different components of fair value accounting including the application of the highest and best use and valuation premise concepts, measuring the fair value of an instrument classified in a reporting entity’s shareholders’ equity and disclosing quantitative information about the unobservable inputs used in fair value measurements that are categorized in Level 3 of the fair value hierarchy. The Company’s January 1, 2012 adoption of the updated guidance had no impact on the Company’s consolidated financial position, results of operations or cash flows.

5

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 3 SEGMENT INFORMATION

	Sales		Costs Applicable to  Sales		Amortization		Advanced Projects and Exploration		Pre-Tax Income			Total Assets		Capital Expenditures(1)
Three Months Ended March 31, 2012
Nevada	$	723	$	267	$	53	$	34	$	369		$	7,092	$	157
La Herradura		93		32		5		6		45			371		21
Hope Bay		—		—		—		—		(50	)		108		—
Other North America		—		—		—		—		(2	)		67		—
North America		816		299		58		40		362			7,638		178
Yanacocha		594		161		50		17		349			2,745		93
Conga		—		—		—		27		(27	)		1,254		147
Other South America		—		—		—		25		(25	)		42		—
South America		594		161		50		69		297			4,041		240
Boddington:
Gold		298		137		32		N/A		N/A			N/A		N/A
Copper		61		30		6		N/A		N/A			N/A		N/A
Total		359		167		38		3		143			4,661		23
Batu Hijau:
Gold		34		19		3		N/A		N/A			N/A		N/A
Copper		172		85		16		N/A		N/A			N/A		N/A
Total		206		104		19		7		48			3,671		33
Other Australia/New Zealand		427		190		36		15		179			1,300		70
Other Asia Pacific		—		—		1		6		5			695		3
Asia Pacific		992		461		94		31		375			10,327		129
Ahafo		281		96		24		11		150			1,277		50
Akyem		—		—		—		4		(5	)		653		85
Other Africa		—		—		—		2		(2	)		5		—
Africa		281		96		24		17		143			1,935		135
Corporate and Other		—		—		5		33		(141	)		5,020		38
Consolidated	$	2,683	$	1,017	$	231	$	190	$	1,036		$	28,961	$	720

⁽¹⁾  Includes an increase in accrued capital expenditures of $24; consolidated capital expenditures on a cash basis were $696.

6

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

	Sales		Costs Applicable to  Sales		Amortization		Advanced Projects and Exploration		Pre-Tax Income			Total Assets		Capital Expenditures(1)
Three Months Ended March 31, 2011
Nevada	$	582	$	272	$	72	$	17	$	216		$	3,414	$	95
La Herradura		65		18		4		6		36			254		16
Hope Bay		—		—		3		44		(48	)		2,259		19
Other North America		—		—		—		—		(2	)		125		—
North America		647		290		79		67		202			6,052		130
Yanacocha		362		153		53		6		149			2,677		41
Conga		—		—		—		3		(4	)		335		64
Other South America		—		—		—		7		(6	)		36		—
South America		362		153		53		16		139			3,048		105
Boddington:
Gold		232		100		28		N/A		N/A			N/A		N/A
Copper		53		28		7		N/A		N/A			N/A		N/A
Total		285		128		35		1		104			4,393		49
Batu Hijau:
Gold		140		34		7		N/A		N/A			N/A		N/A
Copper		369		89		20		N/A		N/A			N/A		N/A
Total		509		123		27		—		323			3,627		40
Other Australia/New Zealand		415		166		35		12		197			1,049		62
Other Asia Pacific		—		—		1		1		—			548		2
Asia Pacific		1,209		417		98		14		624			9,617		153
Ahafo		247		80		22		7		136			1,039		15
Akyem		—		—		—		1		(1	)		320		28
Other Africa		—		—		—		—		(1	)		6		—
Africa		247		80		22		8		134			1,365		43
Corporate and Other		—		—		4		25		(126	)		6,772		14
Consolidated	$	2,465	$	940	$	256	$	130	$	973		$	26,854	$	445

⁽¹⁾  Includes an increase in accrued capital expenditures of $43; consolidated capital expenditures on a cash basis were $402.

7

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 4 RECLAMATION AND REMEDIATION

At March 31, 2012 and December 31, 2011, $1,136 and $1,070, respectively, were accrued for reclamation obligations relating to mineral properties. In addition, the Company is involved in several matters concerning environmental obligations associated with former, primarily historic, mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. At March 31, 2012 and December 31, 2011, $197 and $170, respectively, were accrued for such obligations. These amounts are also included in Reclamation and remediation liabilities.

The following is a reconciliation of Reclamation and remediation liabilities:

	Three Months Ended March 31,
	2012			2011
Balance at beginning of period	$	1,240		$	1,048
Additions, changes in estimates and other		105			1
Liabilities settled		(28	)		(8	)
Accretion expense		16			14
Balance at end of period	$	1,333		$	1,055

The current portion of Reclamation and remediation liabilities of $70 and $71 at March 31, 2012 and December 31, 2011, respectively, are included in Other current liabilities (see Note 21).

The Company’s reclamation and remediation expenses consisted of:

	Three Months Ended March 31,
	2012		2011
Accretion — operating	$	14	$	12
Accretion — non-operating		2		2
	$	16	$	14

NOTE 5 OTHER EXPENSE, NET

	Three Months Ended March 31,
	2012		2011
Hope Bay care and maintenance	$	50	$	—
Regional administration		21		16
Community development		31		17
Western Australia power plant		4		4
World Gold Council Dues		3		2
Indonesian value added tax settlement		—		21
Other		11		13
	$	120	$	73

8

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 6 OTHER INCOME, NET

	Three Months Ended March 31,
	2012			2011
Reduction of allowance for loan receivable	$	21		$	—
Income from developing projects, net		14			24
Gain on asset sales, net		10			3
Canadian Oil Sands		9			6
Refinery income		5			—
Interest		5			4
Ineffective portion of derivative instruments, net		2			(1	)
Foreign currency exchange, net		(15	)		(11	)
Impairment of marketable securities		(24	)		—
Other		6			6
	$	33		$	31

NOTE 7 EMPLOYEE PENSION AND OTHER BENEFIT PLANS

	Three Months Ended March 31,
	2012			2011
Pension benefit costs, net
Service cost	$	7		$	6
Interest cost		10			10
Expected return on plan assets		(11	)		(10	)
Amortization, net		6			5
	$	12		$	11

	Three Months Ended March 31,
	2012		2011
Other benefit costs, net
Service cost	$	1	$	1
Interest cost		1		1
	$	2	$	2

9

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 8 STOCK BASED COMPENSATION

	Three Months Ended March 31,
	2012		2011
Stock options	$	4	$	3
Restricted stock units		4		7
Performance leveraged stock units		3		3
Deferred stock		1		2
	$	12	$	15

NOTE 9 INCOME AND MINING TAXES

During the first quarter of 2012, the Company recorded estimated income and mining tax expense of $343 resulting in an effective tax rate of 33%. Estimated income and mining tax expense during the first quarter of 2011 was $305 for an effective tax rate of 31%. The increase in the effective tax rate from 2011 to 2012 is a result of valuation allowances recorded on our Canadian deferred tax assets generated in the quarter. Aside from the above mentioned valuation allowance, the effective tax rates in the first quarter of 2012 and 2011 are different from the United States statutory rate of 35% primarily due to the U.S. percentage depletion deduction.

The Company operates in numerous countries around the world and accordingly it is subject to, and pays annual income taxes under, the various income tax regimes in the countries in which it operates. Some of these tax regimes are defined by contractual agreements with the local government, and others are defined by the general corporate income tax laws of the country. The Company has historically filed, and continues to file, all required income tax returns and pay the income taxes reasonably determined to be due. The tax rules and regulations in many countries are highly complex and subject to interpretation. From time to time the Company is subject to a review of its historic income tax filings and in connection with such reviews, disputes can arise with the taxing authorities over the interpretation or application of certain rules to the Company’s business conducted within the country involved.

At March 31, 2012, the Company’s total unrecognized tax benefit was $242 for uncertain income tax positions taken or expected to be taken on income tax returns. Of this, $45 represents the amount of unrecognized tax benefits that, if recognized, would affect the Company’s effective income tax rate.

As a result of the statute of limitations that expire in the next 12 months in various jurisdictions, and possible settlements of audit-related issues with taxing authorities in various jurisdictions with respect to which none of the issues are individually significant, the Company believes that it is reasonably possible that the total amount of its net unrecognized income tax benefits will decrease by approximately $25 to $30 in the next 12 months.

The Company’s income and mining tax expense differed from the amounts computed by applying the United States statutory corporate income tax rate for the following reasons:

	Three Months Ended March 31,
	2012						2011
Income before income and mining tax and other items				$	1,036					$	973
Tax on income at 35% statutory rate		35	%	$	363			35	%	$	341
Reconciling items:
Percentage depletion		(7	)		(74	)		(6	)		(55	)
Change in valuation allowance on deferred tax assets		3			33			—			—
Other		2			21			2			19
Income and mining tax expense		33	%	$	343			31	%	$	305

10

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 10 DISCONTINUED OPERATIONS

Discontinued operations include Holloway Mining Company, which owned the Holt-McDermott property (“Holt property”) and was sold to St. Andrew Goldfields Ltd. (“St. Andrew”) in 2006. In 2009, the Superior Court issued a decision finding Newmont Canada Corporation (“Newmont Canada”) liable for a sliding scale royalty on production from the Holt property, which Newmont Canada appealed. In May 2011, the Ontario Court of Appeal upheld the Superior Court ruling. During the first quarter of 2012, the Company recorded an additional $71 charge, net of tax benefits of $4, to reflect an increase in future expected production at the Holt property due to new reserve and resource estimates published by St. Andrew and an increase in the current spot gold price.

Net operating cash used in discontinued operations of $4 in the first quarter of 2012 relates to payments on the Holt property royalty.

NOTE 11 NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS

	Three Months Ended March 31,
	2012			2011
Yanacocha	$	111		$	56
Batu Hijau		13			102
Other		(11	)		(2	)
	$	113		$	156

At March 31, 2012, Newmont had a 48.5% effective economic interest in PT Newmont Nusa Tenggara (“PTNNT”). PTNNT operates the Batu Hijau copper and gold mine in Indonesia. Based on ASC guidance for variable interest entities, Newmont continues to consolidate PTNNT in its Condensed Consolidated Financial Statements.

Newmont has a 51.35% ownership interest in Minera Yanacocha S.R.L. (“Yanacocha”), with the remaining interests held by Compañia de Minas Buenaventura, S.A.A. (43.65%) and the International Finance Corporation (5%).

11

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 12 INCOME PER COMMON SHARE

Basic income per common share is computed by dividing income available to Newmont common stockholders by the weighted average number of common shares outstanding during the period. Diluted income per common share is computed similarly to basic income per common share except that weighted average common shares is increased to include the potential issuance of dilutive common shares.

	Three Months Ended March 31,
	2012			2011
Net income attributable to Newmont stockholders	$	490		$	514
Weighted average common shares (millions):
Basic		495			493
Effect of employee stock-based awards		2			2
Effect of convertible notes		7			6
Diluted		504			501
Net income attributable to Newmont stockholders per common share
Basic:
Continuing operations	$	1.13		$	1.04
Discontinued operations		(0.14	)		—
	$	0.99		$	1.04
Diluted:
Continuing operations	$	1.11		$	1.03
Discontinued operations		(0.14	)		—
	$	0.97		$	1.03

Options to purchase 1 and 2 million shares of common stock at average exercise prices of $59 and $57 were outstanding at March 31, 2012 and 2011, respectively, but were not included in the computation of diluted weighted average common shares because their effect would have been anti-dilutive.

Under its convertible note indentures, Newmont is required to settle the principal amount of its 2014 and 2017 Convertible Senior Notes in cash and may elect to settle the remaining conversion premium (Newmont average share price in excess of the conversion price), if any, in cash, shares or a combination thereof. The effect of contingently convertible instruments on diluted earnings per share is calculated under the net share settlement method in accordance with ASC guidance. The average price of the Company’s common stock exceeded the conversion prices for all periods presented, resulting in additional shares included in the computation of diluted weighted average common shares for the period in which the Convertible Senior Notes were outstanding during the quarter.

In February 2012, the holders of the Company’s 2012 Convertible Senior Notes exercised their election to convert the notes. The Company elected to pay the $172 conversion premium with cash, and as a result no common shares were issued.

12

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 13 CHANGES IN EQUITY

	Three Months Ended March 31,
	2012			2011
Common stock:
At beginning of period	$	784		$	778
Stock based awards		1			1
At end of period		785			779
Additional paid-in capital:
At beginning of period		8,408			8,279
Stock based awards		27			25
Conversion premium on convertible notes		(172	)		—
At end of period		8,263			8,304
Accumulated other comprehensive income:
At beginning of period		652			1,108
Other comprehensive income		6			281
At end of period		658			1,389
Retained earnings:
At beginning of period		3,052			3,180
Net income attributable to Newmont stockholders		490			514
Dividends paid		(173	)		(74	)
At end of period		3,369			3,620
Noncontrolling interests:
At beginning of period		2,875			2,371
Net income attributable to noncontrolling interests		113			156
Other comprehensive income		2			2
At end of period		2,990			2,529
Total equity	$	16,065		$	16,621

NOTE 14 FAIR VALUE ACCOUNTING

Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1  Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2  Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3  Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

13

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

The following table sets forth the Company’s assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

	Fair Value at March 31, 2012
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	809	$	809	$	—	$	—
Marketable equity securities:
Extractive industries		1,409		1,409		—		—
Other		15		15		—		—
Marketable debt securities:
Asset backed commercial paper		19		—		—		19
Corporate		144		—		144		—
Auction rate securities		5		—		—		5
Trade receivable from provisional copper and gold concentrate sales, net		222		222		—		—
Derivative instruments, net:
Foreign exchange forward contracts		231		—		231		—
Diesel forward contracts		11		—		11		—
	$	2,865	$	2,455	$	386	$	24
Liabilities:
Boddington contingent consideration		43		—		—		43
Holt property royalty		247		—		—		247
	$	290	$	—	$	—	$	290

The Company’s cash equivalent instruments are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The cash equivalent instruments that are valued based on quoted market prices in active markets are primarily money market securities and U.S. Treasury securities.

The Company’s marketable equity securities are valued using quoted market prices in active markets and as such are classified within Level 1 of the fair value hierarchy. The securities are segregated based on industry. The fair value of the marketable equity securities is calculated as the quoted market price of the marketable equity security multiplied by the quantity of shares held by the Company.

The Company’s marketable debt securities include investments in auction rate securities and asset backed commercial paper. The Company’s corporate marketable debt securities are valued using quoted market prices in non-active markets and as such are classified within Level 2 of the fair value hierarchy. The Company reviews the fair value for auction rate securities and asset backed commercial paper on at least a quarterly basis. The auction rate securities are traded in markets that are not active, trade infrequently and have little price transparency. The Company estimated the fair value of the auction rate securities based on weighted average risk calculations using cash flow assumptions discounted approximately 42%, which reflects an estimated discount for lack of marketability. The Company estimated the fair value of its asset backed commercial paper using a probability of return ranging from 13%-74% for each class of notes, which is reflective of information reviewed regarding the separate classes of securities. As a result of utilizing the unobservable inputs noted above in its fair value estimation of the Company’s auction rate securities and asset backed commercial paper, both fair value estimates are classified within Level 3 of the fair value hierarchy.

The Company’s net trade receivable from provisional copper and gold concentrate sales, subject to final pricing, is valued using quoted market prices based on forward curves and, as such, is classified within Level 1 of the fair value hierarchy.

14

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

The Company’s derivative instruments are valued using pricing models and the Company generally uses similar models to value similar instruments. Valuation models require a variety of inputs, including contractual terms, market prices, yield curves, credit spreads, measures of volatility, and correlations of such inputs. The Company’s derivatives trade in liquid markets, and as such, model inputs can generally be verified and do not involve significant management judgment. Such instruments are classified within Level 2 of the fair value hierarchy.

The estimated value of the Boddington contingent royalty was determined using a Monte Carlo valuation model which simulates future gold and copper prices and costs applicable to sales. At March 31, 2012 the Company used the following long-term price assumptions: 1) $1,500 per ounce gold price, 2) $3.50 per pound copper price, 3) $90 per barrel of oil, and 4) a $1.00 A$/US$ exchange rate. The Company used an approximately 4% discount rate in the model. The contingent royalty liability is classified within Level 3 of the fair value hierarchy.

The estimated fair value of the Holt sliding scale royalty was determined using a Monte Carlo valuation model to simulate future gold prices utilizing a long-term gold price assumption of $1,500 per ounce, various gold production scenarios based on publicly available reserve and resource information for the Holt property and an approximately 4% weighted average discount rate. The sliding scale royalty liability is classified within Level 3 of the fair value hierarchy.

The table below sets forth a summary of changes in the fair value of the Company’s Level 3 financial assets and liabilities for the three months ended March 31, 2012:

	Auction Rate Securities		Asset Backed Commercial Paper		Total Assets		Boddington Contingent Royalty			Holt Property Royalty			Total Liabilities
Balance at beginning of period	$	5	$	19	$	24	$	54		$	176		$	230
Settlements		—		—		—		(11	)		(4	)		(15	)
Revaluation		—		—		—		—			75			75
Balance at end of period	$	5	$	19	$	24	$	43		$	247		$	290

At March 31, 2012, assets and liabilities classified within Level 3 of the fair value hierarchy represent 1% and 100%, respectively, of total assets and liabilities measured at fair value.

NOTE 15 DERIVATIVE INSTRUMENTS

The Company’s strategy is to provide shareholders with leverage to changes in gold and copper prices by selling its production at spot market prices. Consequently, the Company does not hedge its gold and copper sales. The Company continues to manage certain risks associated with commodity input costs, interest rates and foreign currencies using the derivative market. All of the derivative instruments described below were transacted for risk management purposes and qualify as cash flow or fair value hedges.

Cash Flow Hedges

The foreign currency, diesel and forward starting swap contracts are designated as cash flow hedges, and as such, the effective portion of unrealized changes in market value have been recorded in Accumulated other comprehensive income and are reclassified to income during the period in which the hedged transaction affects earnings. Gains and losses from hedge ineffectiveness are recognized in current earnings.

Foreign Currency Contracts

Newmont utilizes foreign currency contracts to reduce the variability of the US dollar amount of forecasted foreign currency expenditures caused by changes in exchange rates. Newmont hedges a portion of the Company’s A$ and NZ$ denominated operating expenditures which results in a blended rate realized each period. The hedging instruments are fixed forward contracts with expiration dates ranging up to five years from the date of issue. The principal hedging objective is reduction in the volatility of realized period-on-period $/A$ and $/NZ$ rates, respectively.

15

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

In June 2011, Newmont began hedging a portion of the Company’s A$ denominated capital expenditures related to the construction of the Akyem project in Africa utilizing foreign currency contracts. The hedging instruments are fixed forward contracts with expiration dates ranging up to two years.

In July 2011, Newmont began hedging a portion of the Company’s A$ denominated capital expenditures related to the construction of a mine shaft at Tanami in Australia utilizing foreign currency contracts. The hedging instruments are fixed forward contracts with expiration dates ranging up to three years.

Newmont had the following foreign currency derivative contracts outstanding at March 31, 2012:

	Expected Maturity Date
																			Total/
	2012			2013			2014			2015			2016			2017			Average
A$ Operating Fixed Forward Contracts:
A$ notional (millions)		935			987			701			407			202			11			3,243
Average rate ($/A$)		0.92			0.92			0.90			0.88			0.89			0.89			0.91
Expected hedge ratio		77	%		64	%		46	%		29	%		14	%		4	%
A$ Capital Fixed Forward Contracts:
A$ notional (millions)		42			51			22			—			—			—			115
Average rate ($/A$)		1.00			0.98			0.96			—			—			—			0.98
Expected hedge ratio		41	%		24	%		48	%		—			—			—
NZ$ Operating Fixed Forward Contracts:
NZ$ notional (millions)		48			29			2			—			—			—			79
Average rate ($/NZ$)		0.76			0.78			0.77			—			—			—			0.77
Expected hedge ratio		48	%		23	%		5	%		—			—			—

Diesel Fixed Forward Contracts

Newmont hedges a portion of its operating cost exposure related to diesel consumed at its Nevada operations to reduce the variability in realized diesel prices. The hedging instruments consist of a series of financially settled fixed forward contracts with expiration dates ranging up to three years from the date of issue.

Newmont had the following diesel derivative contracts outstanding at March 31, 2012:

	Expected Maturity Date
													Total/
	2012			2013			2014			2015			Average
Diesel Fixed Forward Contracts:
Diesel gallons (millions)		20			14			6			1			41
Average rate ($/gallon)		2.89			2.94			2.91			2.90			2.90
Expected hedge ratio		60	%		32	%		14	%		5	%

Forward Starting Swap Contracts

During 2011, Newmont entered into forward starting interest rate swap contracts with a total notional value of $2,000. These contracts hedged movements in treasury rates related to a debt issuance that occurred in the first quarter of 2012. On March 8, 2012, Newmont closed its sale of $2,500 senior notes consisting of 3.5% senior notes due 2022 in the principal amount of $1,500 (10-year notes), and 4.875% senior notes due 2042 in the principal amount of $1,000 (30-year notes). As a result of the debt issued, the forward-starting interest rate swaps were settled. The total settlement amount of these swaps was $362, of which $349 represents the effective portion of the hedging instrument included in Accumulated other comprehensive income. The net proceeds from the debt issuance were adjusted by the settlement amount of the swap contracts and included as a financing activity in the Condensed Consolidated Statements of Cash Flow.

16

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

Fair Value Hedges

Interest Rate Swap Contracts

Newmont had $222 fixed to floating swap contracts designated as a hedge against 8 5/8% debentures which matured in May 2011.

Derivative Instrument Fair Values

Newmont had the following derivative instruments designated as hedges at March 31, 2012 and December 31, 2011:

	Fair Value
	At March 31, 2012
	Other Current Assets		Other Long- Term Assets		Other Current Liabilities		Other Long- Term Liabilities
Foreign currency exchange contracts:
A$ operating fixed forwards	$	119	$	113	$	2	$	4
A$ capital fixed forwards		1		1		—		—
NZ$ operating fixed forwards		3		—		—		—
Diesel fixed forwards		9		2		—		—
Total derivative instruments (Note 19 and 21)	$	132	$	116	$	2	$	4

	Fair Value
	At December 31, 2011
	Other Current Assets		Other Long- Term Assets		Other Current Liabilities		Other Long- Term Liabilities
Foreign currency exchange contracts:
A$ operating fixed forwards	$	121		112		6		4
A$ capital fixed forwards		—		—		—		1
NZ$ operating fixed forwards		2		—		1		—
Diesel fixed forwards		4		—		2		1
Forward starting interest rate swaps		—		—		399		—
Total derivative instruments (Note 19 and 21)	$	127	$	112	$	408	$	6

17

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

The following tables show the location and amount of gains (losses) reported in the Company’s Condensed Consolidated Financial Statements related to the Company’s cash flow and fair value hedges and the gains (losses) recorded for the hedged item related to the fair value hedges.

	Foreign Currency Exchange Contracts				Diesel Forward Contracts				Forward Starting Swaps
	2012		2011		2012		2011		2012			2011
For the three months ended March 31,
Cash flow hedging relationships:
Gain recognized in other comprehensive income (effective portion)	$	62	$	67	$	12	$	15	$	36		$	—
Gain(loss) reclassified from Accumulated other comprehensive income into income (effective portion) (1)		47		42		3		4		(1	)		—
Gain reclassified from Accumulated other comprehensive loss into income (ineffective portion) (2)		—		—		—		—		2			—

⁽¹⁾  The gain for the effective portion of foreign exchange and diesel cash flow hedges reclassified from Accumulated other comprehensive income is included in Costs applicable to sales. The loss for the effective portion of forward starting swaps reclassified from Accumulated other comprehensive income is included in Interest Expense.

⁽²⁾  The ineffective portion recognized for cash flow hedges is included in Other Income, net.

	Interest Rate Swap Contracts					8 5/8% Debentures (Hedged Portion)
	2012		2011			2012		2011
For the three months ended March 31,
Fair value hedging relationships:
Gain(loss) recognized in income (effective portion) (1)	$	—	$	2		$	—	$	(5	)
Loss recognized in income (ineffective portion) (2)		—		(1	)		—		—

⁽¹⁾ The gain(loss) recognized for the effective portion of fair value hedges and the underlying hedged debt is included in Interest expense, net.

⁽²⁾  The ineffective portion recognized for fair value hedges and the underlying hedged debt is included in Other income, net.

The amount to be reclassified from Accumulated other comprehensive income, net of tax to income for derivative instruments during the next 12 months is a gain of approximately $70.

Provisional Copper and Gold Sales

The Company’s provisional copper and gold sales contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of the gold and copper concentrates at the prevailing indices’ prices at the time of sale. The embedded derivative, which does not qualify for hedge accounting, is marked to market through earnings each period prior to final settlement.

LME copper prices averaged $3.77 per pound during the first quarter of 2012, compared with the Company’s recorded average provisional price of $3.75 per pound before mark-to-market gains and treatment and refining charges. During the first quarter of 2012, changes in copper prices resulted in a provisional pricing mark-to-market gain of $31 ($0.53 per pound). At March 31, 2012, Newmont had copper sales of 58 million pounds priced at an average of $3.83 per pound, subject to final pricing over the next several months.

The average London P.M. fix for gold was $1,691 per ounce during the first quarter of 2012, consistent with the Company’s recorded average provisional price before mark-to-market gains and treatment and refining charges. During the first quarter of 2012, changes in gold prices resulted in a provisional pricing mark-to-market gain of $6 ($4 per ounce). At March 31, 2012, Newmont had gold sales of 95,000 ounces priced at an average of $1,663 per ounce, subject to final pricing over the next several months.

18

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 16 INVESTMENTS

	At March 31, 2012
	Cost/Equity		Unrealized					Fair/Equity
	Basis		Gain		Loss			Basis
Current:
Marketable Equity Securities:
Paladin Energy Ltd.	$	60	$	40	$	—		$	100
Other		15		10		(1	)		24
		75		50		(1	)		124
Marketable Debt Securities:
Corporate		55		—		—			55
	$	130	$	50	$	(1	)	$	179
Long-term:
Marketable Debt Securities:
Asset backed commercial paper	$	25	$	—	$	(6	)	$	19
Auction rate securities		8		—		(3	)		5
Corporate		87		2		—			89
		120		2		(9	)		113
Marketable Equity Securities:
Canadian Oil Sands Ltd.		309		342		—			651
Gabriel Resources Ltd.		78		161		—			239
Regis Resources Ltd.		36		278		—			314
Other		80		18		(2	)		96
		503		799		(2	)		1,300
Other investments, at cost		11		—		—			11
Investment in Affiliates:
La Zanja		55		—		—			55
	$	689	$	801	$	(11	)	$	1,479

19

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

	At December 31, 2011
	Cost/Equity		Unrealized					Fair/Equity
	Basis		Gain		Loss			Basis
Current:
Marketable Equity Securities:
Paladin Energy Ltd.	$	60	$	13	$	—		$	73
Other		15		7		(1	)		21
	$	75	$	20	$	(1	)	$	94
Long-term:
Marketable Debt Securities:
Asset backed commercial paper	$	25	$	—	$	(6	)	$	19
Auction rate securities		7		—		(2	)		5
Corporate		10		1		—			11
		42		1		(8	)		35
Marketable Equity Securities:
Canadian Oil Sands Trust		302		401		—			703
Gabriel Resources Ltd.		76		236		—			312
Regis Resources Ltd.		36		218		—			254
Other		92		16		(17	)		91
		506		871		(17	)		1,360
Other investments, at cost		11		—		—			11
Investment in Affiliates:
La Zanja		66		—		—			66
	$	625	$	872	$	(25	)	$	1,472

Included in Investments at March 31, 2012 and December 31, 2011 are $1 and $11, respectively, of long-term marketable debt securities and $15 and $4 of long-term marketable equity securities, respectively, that are legally pledged for purposes of settling asset retirement obligations related to the San Jose Reservoir at Yanacocha.

During the first quarter of 2012, the Company recognized impairments for other-than-temporary declines in value of $24 for marketable equity securities.

20

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

The following tables present the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by length of time that the individual securities have been in a continuous unrealized loss position:

	Less than 12 Months				12 Months or Greater				Total
At March 31, 2012	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Marketable equity securities	$	24	$	3	$	—	$	—	$	24	$	3
Asset backed commercial paper		—		—		19		6		19		6
Auction rate securities		—		—		5		3		5		3
	$	24	$	3	$	24	$	9	$	48	$	12

	Less than 12 Months				12 Months or Greater				Total
At December 31, 2011	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Asset backed commercial paper	$	—	$	—	$	19	$	6	$	19	$	6
Auction rate securities		—		—		5		2		5		2
Marketable equity securities		42		18		—		—		42		18
	$	42	$	18	$	24	$	8	$	66	$	26

While the fair values of the Company’s investments in asset backed commercial paper and auction rate securities are below their respective cost, the Company views these declines as temporary. The Company intends to hold its investment in auction rate securities and asset backed commercial paper until maturity or such time that the market recovers and therefore considers these losses temporary.

NOTE 17 INVENTORIES

	At March 31,		At December 31,
	2012		2011
In-process	$	112	$	159
Concentrate		123		116
Precious metals		35		12
Materials, supplies and other		429		427
	$	699	$	714

21

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 18 STOCKPILES AND ORE ON LEACH PADS

	At March 31,		At December 31,
	2012		2011
Current:
Stockpiles	$	527	$	506
Ore on leach pads		217		165
	$	744	$	671
Long-term:
Stockpiles	$	2,091	$	1,904
Ore on leach pads		379		367
	$	2,470	$	2,271

	At March 31,		At December 31,
	2012		2011
Stockpiles and ore on leach pads:
Nevada	$	563	$	536
La Herradura		9		6
Yanacocha		600		512
Boddington		482		435
Batu Hijau		1,220		1,119
Other Australia/New Zealand		157		161
Ahafo		183		173
	$	3,214	$	2,942

NOTE 19 OTHER ASSETS

	At March 31,		At December 31,
	2012		2011
Other current assets:
Refinery metal inventory and receivable	$	500	$	796
Derivative instruments		132		127
Prepaid assets		126		93
Note receivable		33		12
Restricted cash		2		20
Other		91		85
	$	884	$	1,133
Other long-term assets:
Goodwill	$	188	$	188
Intangible assets		144		147
Income tax receivable		142		142
Derivative instruments		116		112
Debt issuance costs		79		59
Restricted cash		49		48
Other receivables		19		17
Other		167		144
	$	904	$	857

22

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 20 DEBT

	At March 31, 2012				At December 31, 2011
	Current		Non-Current		Current		Non-Current
Sale-leaseback of refractory ore treatment plant	$	59	$	—	$	165	$	—
Corporate revolving credit facility (due 2016)		—		—		—		33
2012 Convertible Senior Notes, net of discount		—		—		514		—
2014 Convertible Senior Notes, net of discount		—		517		—		512
2017 Convertible Senior Notes, net of discount		—		457		—		452
2019 Senior Notes, net of discount		—		896		—		896
2022 Senior Notes, net of discount		—		1,489		—		—
2035 Senior Notes, net of discount		—		598		—		598
2039 Senior Notes, net of discount		—		1,087		—		1,087
2042 Senior Notes, net of discount		—		991		—		—
Ahafo project facility		10		45		10		45
Other capital leases		—		1		—		1
	$	69	$	6,081	$	689	$	3,624

Scheduled minimum debt repayments are $69 for the remainder of 2012, $10 in 2013, $527 in 2014, $10 in 2015, $10 in 2016 and $5,524 thereafter.

2012 Convertible Senior Notes

In February 2012, the Company’s 2012 Convertible Senior Notes matured, resulting in a principal payment of $517. The Company elected to pay the conversion premium of $172 in cash, in lieu of issuing common shares.

2022 and 2042 Senior Notes

In March 2012, the Company completed a two part public offering of $1,500 and $1,000 uncollateralized Senior Notes maturing on March 15, 2022 and March 15, 2042, respectively. Net proceeds from the 2022 and 2042 Senior Notes were $1,479 and $983, respectively. The 2022 Senior Notes pay interest semi-annually at a rate of 3.50% per annum and the 2042 Senior Notes pay semi-annual interest of 4.875% per annum.

Consistent with the Company’s other Notes included in the table above, the 2022 and 2042 Senior Notes contain various covenants and default provisions including payment defaults, limitation on liens, limitation on sales and leaseback agreements and merger restrictions.

23

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 21 OTHER LIABILITIES

	At March 31,		At December 31,
	2012		2011
Other current liabilities:
Refinery metal payable	$	500	$	796
Accrued capital expenditures		267		248
Accrued operating costs		256		231
Taxes other than income and mining		86		93
Reclamation and remediation liabilities		70		71
Deferred income tax		57		50
Royalties		43		53
Boddington contingent consideration		39		24
Holt property royalty		21		17
Interest		12		55
Derivative instruments		2		408
Other		64		87
	$	1,417	$	2,133
Other long-term liabilities:
Holt property royalty	$	226	$	159
Income and mining taxes		86		88
Power supply agreements		46		45
Derivative instruments		4		6
Boddington contingent consideration		4		30
Other		31		36
	$	397	$	364

NOTE 22 NET CHANGE IN OPERATING ASSETS AND LIABILITIES

Net cash provided from operations attributable to the net change in operating assets and liabilities is composed of the following:

	Three Months Ended March 31,
	2012			2011
Decrease (increase) in operating assets:
Trade and accounts receivable	$	(21	)	$	119
Inventories, stockpiles and ore on leach pads		(201	)		(56	)
EGR refinery assets		319			(175	)
Other assets		(74	)		(38	)
Increase (decrease) in operating liabilities:
Accounts payable and other accrued liabilities		(32	)		4
EGR refinery liabilities		(319	)		175
Reclamation liabilities		(28	)		(8	)
	$	(356	)	$	21

24

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 23 SUPPLEMENTAL CASH FLOW INFORMATION

	Three Months Ended March 31,
	2012		2011
Income and mining taxes, net of refunds	$	296	$	278
Interest, net of amounts capitalized	$	23	$	20

NOTE 24 CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

Newmont USA, a 100% owned subsidiary of Newmont Mining Corporation, has fully and unconditionally guaranteed the 2019, 2022, 2035, 2039 and 2042 Senior Notes, the 2014 and 2017 Convertible Senior Notes and the corporate revolving credit facility. The following consolidating financial statements are provided for Newmont USA, as guarantor, and for Newmont Mining Corporation, as issuer, as an alternative to providing separate financial statements for the guarantor. The accounts of Newmont Mining Corporation are presented using the equity method of accounting for investments in subsidiaries.

25

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

	Three Months Ended March 31, 2012
													Newmont
	Newmont												Mining
	Mining			Newmont			Other						Corporation
Condensed Consolidating Statement of Income	Corporation			USA			Subsidiaries			Eliminations			Consolidated
Sales	$	—		$	1,617		$	1,066		$	—		$	2,683
Costs and expenses
Costs applicable to sales (1)		—			563			465			(11	)		1,017
Amortization		—			130			101			—			231
Reclamation and remediation		—			11			5			—			16
Exploration		—			53			35			—			88
Advanced projects, research and development		—			88			14			—			102
General and administrative		—			42			1			11			54
Other expense, net		—			47			73			—			120
		—			934			694			—			1,628
Other income (expense)
Other income, net		(3	)		13			23			—			33
Interest income — intercompany		40			2			5			(47	)		—
Interest expense — intercompany		(5	)		—			(42	)		47			—
Interest expense, net		(46	)		(5	)		(1	)		—			(52	)
		(14	)		10			(15	)		—			(19	)
Income before income and mining tax and other items		(14	)		693			357			—			1,036
Income and mining tax expense		5			(146	)		(202	)		—			(343	)
Equity income (loss) of affiliates		499			(11	)		67			(574	)		(19	)
Income (loss) from continuing operations		490			536			222			(574	)		674
Income (loss) from discontinued operations		—			4			(75	)		—			(71	)
Net income		490			540			147			(574	)		603
Net income attributable to noncontrolling interests		—			(116	)		(32	)		35			(113	)
Net income attributable to Newmont stockholders	$	490		$	424		$	115		$	(539	)	$	490
Comprehensive income	$	496		$	541		$	139		$	(565	)	$	611
Comprehensive income attributable to noncontrolling interests		—			(116	)		(34	)		35			(115	)
Comprehensive income attributable to Newmont stockholders	$	496		$	425		$	105		$	(530	)	$	496

⁽¹⁾ Excludes Amortization and Reclamation and remediation.

26

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

	Three Months Ended March 31, 2011
													Newmont
	Newmont												Mining
	Mining			Newmont			Other						Corporation
Condensed Consolidating Statement of Income	Corporation			USA			Subsidiaries			Eliminations			Consolidated
Sales	$	—		$	1,518		$	947		$	—		$	2,465
Costs and expenses
Costs applicable to sales (1)		—			566			384			(10	)		940
Amortization		—			159			97			—			256
Reclamation and remediation		1			10			3			—			14
Exploration		—			34			28			—			62
Advanced projects, research and development		—			27			41			—			68
General and administrative		—			34			1			10			45
Other expense, net		—			54			19			—			73
		1			884			573			—			1,458
Other income (expense)
Other income, net		(5	)		25			11			—			31
Interest income - intercompany		36			2			2			(40	)		—
Interest expense - intercompany		(3	)		—			(37	)		40			—
Interest expense, net		(54	)		(9	)		(2	)		—			(65	)
		(26	)		18			(26	)		—			(34	)
Income before income and mining tax and other items		(27	)		652			348			—			973
Income and mining tax expense		10			(208	)		(107	)		—			(305	)
Equity income (loss) of affiliates		531			1			89			(619	)		2
Net income		514			445			330			(619	)		670
Net income attributable to noncontrolling interests		—			(192	)		(20	)		56			(156	)
Net income attributable to Newmont stockholders	$	514		$	253		$	310		$	(563	)	$	514
Comprehensive income	$	795		$	462		$	595		$	(899	)	$	953
Comprehensive income attributable to noncontrolling interests		—			(192	)		(22	)		56			(158	)
Comprehensive income attributable to Newmont stockholders	$	795		$	270		$	573		$	(843	)	$	795

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

27

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

	Three Months Ended March 31, 2012
													Newmont
	Newmont												Mining
	Mining			Newmont			Other						Corporation
Condensed Consolidating Statement of Cash Flows	Corporation			USA			Subsidiaries			Eliminations			Consolidated
Operating activities:
Net income (loss)	$	490		$	540		$	147		$	(574	)	$	603
Adjustments		13			60			(281	)		574			366
Net change in operating assets and liabilities		(45	)		(298	)		(13	)		—			(356	)
Net cash provided from (used in) continuing operations		458			302			(147	)		—			613
Net cash used in discontinued operations		—			—			(4	)		—			(4	)
Net cash provided from (used in) operations		458			302			(151	)		—			609
Investing activities:
Additions to property, plant and mine development		—			(479	)		(217	)		—			(696	)
Purchases of marketable securities		—			(143	)		—			—			(143	)
Acquisitions, net		—			—			(11	)		—			(11	)
Proceeds from sale of other assets		—			8			4			—			12
Other		—			—			(17	)		—			(17	)
Net cash used in investing activities		—			(614	)		(241	)		—			(855	)
Financing activities:
Net borrowings (repayments)		1,547			(106	)		(2	)		—			1,439
Payment of conversion premium on debt		(172	)		—			—			—			(172	)
Net intercompany borrowings (repayments)		(1,662	)		1,164			498			—			—
Dividends paid to common stockholders		(173	)		—			—			—			(173	)
Proceeds from stock issuance, net		2			—			—			—			2
Other		—			—			(2	)		—			(2	)
Net cash provided from (used in) financing activities		(458	)		1,058			494			—			1,094
Effect of exchange rate changes on cash		—			(2	)		6			—			4
Net change in cash and cash equivalents		—			744			108			—			852
Cash and cash equivalents at beginning of period		—			1,526			234			—			1,760
Cash and cash equivalents at end of period	$	—		$	2,270		$	342		$	—		$	2,612

28

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

	Three Months Ended March 31, 2011
													Newmont
	Newmont												Mining
	Mining			Newmont			Other						Corporation
Condensed Consolidating Statement of Cash Flows	Corporation			USA			Subsidiaries			Eliminations			Consolidated
Operating activities:
Net income (loss)	$	514		$	445		$	330		$	(619	)	$	670
Adjustments		21			174			(516	)		619			298
Net change in operating assets and liabilities		8			(54	)		67			—			21
Net cash provided from (used in) operations		543			565			(119	)		—			989
Investing activities:
Additions to property, plant and mine development		—			(238	)		(164	)		—			(402	)
Purchases of marketable securities		—			(1	)		(11	)		—			(12	)
Acquisitions, net		—			—			(7	)		—			(7	)
Proceeds from sale of other assets		—			6			—			—			6
Other		—			—			(3	)		—			(3	)
Net cash used in investing activities		—			(233	)		(185	)		—			(418	)
Financing activities:
Net borrowings (repayments)		—			(31	)		—			—			(31	)
Net intercompany borrowings (repayments)		(472	)		(1,948	)		2,420			—			—
Dividends paid to common stockholders		(74	)		—			—			—			(74	)
Dividends paid to noncontrolling interests		—			(15	)		—			—			(15	)
Proceeds from stock issuance, net		3			—			—			—			3
Net cash provided from (used in) financing activities		(543	)		(1,994	)		2,420			—			(117	)
Effect of exchange rate changes on cash		—			(1	)		24			—			23
Net change in cash and cash equivalents		—			(1,663	)		2,140			—			477
Cash and cash equivalents at beginning of period		—			3,877			179			—			4,056
Cash and cash equivalents at end of period	$	—		$	2,214		$	2,319		$	—		$	4,533

29

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

	At March 31, 2012
												Newmont
	Newmont											Mining
	Mining		Newmont			Other						Corporation
Condensed Consolidating Balance Sheet	Corporation		USA			Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	—	$	2,270		$	342		$	—		$	2,612
Trade receivables		—		228			121			—			349
Accounts receivable		1,199		2,268			293			(3,398	)		362
Investments		100		55			24			—			179
Inventories		—		330			369			—			699
Stockpiles and ore on leach pads		—		631			113			—			744
Deferred income tax assets		6		252			5			—			263
Other current assets		—		124			760			—			884
Current assets		1,305		6,158			2,027			(3,398	)		6,092
Property, plant and mine development, net		—		7,266			9,127			(29	)		16,364
Investments		—		118			1,361			—			1,479
Investments in subsidiaries		15,165		24			2,915			(18,104	)		—
Stockpiles and ore on leach pads		—		1,761			709			—			2,470
Deferred income tax assets		792		808			52			—			1,652
Other long-term assets		3,607		664			913			(4,280	)		904
Total assets	$	20,869	$	16,799		$	17,104		$	(25,811	)	$	28,961
Liabilities
Debt	$	—	$	59		$	10		$	—		$	69
Accounts payable		1,472		1,174			1,254			(3,403	)		497
Employee-related benefits		—		171			74			—			245
Income and mining taxes		—		94			249			—			343
Other current liabilities		11		468			2,895			(1,957	)		1,417
Current liabilities		1,483		1,966			4,482			(5,360	)		2,571
Debt		6,035		1			45			—			6,081
Reclamation and remediation liabilities		—		901			362			—			1,263
Deferred income tax liabilities		—		641			1,459			—			2,100
Employee-related benefits		5		369			110			—			484
Other long-term liabilities		548		54			4,103			(4,308	)		397
Total liabilities		8,071		3,932			10,561			(9,668	)		12,896
Equity
Preferred stock		—		—			61			(61	)		—
Common stock		785		—			—			—			785
Additional paid-in capital		7,986		3,050			5,697			(8,470	)		8,263
Accumulated other comprehensive income		658		(188	)		1,158			(970	)		658
Retained earnings		3,369		6,481			(1,627	)		(4,854	)		3,369
Newmont stockholders’ equity		12,798		9,343			5,289			(14,355	)		13,075
Noncontrolling interests		—		3,524			1,254			(1,788	)		2,990
Total equity		12,798		12,867			6,543			(16,143	)		16,065
Total liabilities and equity	$	20,869	$	16,799		$	17,104		$	(25,811	)	$	28,961

30

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

	At December 31, 2011
												Newmont
	Newmont											Mining
	Mining		Newmont			Other						Corporation
Condensed Consolidating Balance Sheet	Corporation		USA			Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	—	$	1,526		$	234		$	—		$	1,760
Trade receivables		—		205			95			—			300
Accounts receivable		1,415		3,447			264			(4,806	)		320
Investments		72		—			22			—			94
Inventories		—		333			381			—			714
Stockpiles and ore on leach pads		—		532			139			—			671
Deferred income tax assets		134		257			5			—			396
Other current assets		—		91			1,042			—			1,133
Current assets		1,621		6,391			2,182			(4,806	)		5,388
Property, plant and mine development, net		—		6,917			8,990			(26	)		15,881
Investments		—		29			1,443			—			1,472
Investments in subsidiaries		14,675		43			2,825			(17,543	)		—
Stockpiles and ore on leach pads		—		1,641			630			—			2,271
Deferred income tax assets		708		838			59			—			1,605
Other long-term assets		3,423		641			927			(4,134	)		857
Total assets	$	20,427	$	16,500		$	17,056		$	(26,509	)	$	27,474
Liabilities
Debt	$	514	$	165		$	10		$	—		$	689
Accounts payable		2,698		1,327			1,343			(4,807	)		561
Employee-related benefits		—		222			85			—			307
Income and mining taxes		—		45			205			—			250
Other current liabilities		450		459			3,186			(1,962	)		2,133
Current liabilities		3,662		2,218			4,829			(6,769	)		3,940
Debt		3,578		1			45			—			3,624
Reclamation and remediation liabilities		—		809			360			—			1,169
Deferred income tax liabilities		—		732			1,415			—			2,147
Employee-related benefits		5		355			99			—			459
Other long-term liabilities		567		61			3,895			(4,159	)		364
Total liabilities		7,812		4,176			10,643			(10,928	)		11,703
Equity
Preferred stock		—		—			61			(61	)		—
Common stock		784		—			—			—			784
Additional paid-in capital		8,127		3,050			5,702			(8,471	)		8,408
Accumulated other comprehensive income		652		(189	)		1,168			(979	)		652
Retained earnings		3,052		6,055			(1,744	)		(4,311	)		3,052
Newmont stockholders’ equity		12,615		8,916			5,187			(13,822	)		12,896
Noncontrolling interests		—		3,408			1,226			(1,759	)		2,875
Total equity		12,615		12,324			6,413			(15,581	)		15,771
Total liabilities and equity	$	20,427	$	16,500		$	17,056		$	(26,509	)	$	27,474

31

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NOTE 25 COMMITMENTS AND CONTINGENCIES

General

The Company follows ASC guidance in accounting for loss contingencies. Accordingly, estimated losses from contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable (greater than a 75% probability) that a liability could be incurred and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the contingency and estimated range of loss, if determinable is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.

Operating Segments

The Company’s operating segments are identified in Note 3. Except as noted in this paragraph, all of the Company’s commitments and contingencies specifically described in this Note 25 relate to the Corporate and Other reportable segment. The PT Newmont Minahasa Raya and PTNNT matters relate to the Asia Pacific reportable segment. The Yanacocha matters relate to the South America reportable segment.

Environmental Matters

The Company’s mining and exploration activities are subject to various laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. The Company conducts its operations so as to protect the public health and environment and believes its operations are in compliance with applicable laws and regulations in all material respects. The Company has made, and expects to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures.

Estimated future reclamation costs are based principally on legal and regulatory requirements. At March 31, 2012 and December 31, 2011, $1,136 and $1,070, respectively, were accrued for reclamation costs relating to currently or recently producing mineral properties in accordance with asset retirement obligation guidance. The current portions of $47 and $47 at March 31, 2012 and December 31, 2011, respectively, are included in Other current liabilities.

The Company is involved in several matters concerning environmental obligations associated with former mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. The Company believes that the related environmental obligations associated with these sites are similar in nature with respect to the development of remediation plans, their risk profile and the compliance required to meet general environmental standards. Based upon the Company’s best estimate of its liability for these matters, $197 and $170 were accrued for such obligations at March 31, 2012 and December 31, 2011, respectively. These amounts are included in Other current liabilities and Reclamation and remediation liabilities. Depending upon the ultimate resolution of these matters, the Company believes that it is reasonably possible that the liability for these matters could be as much as 106% greater or 7% lower than the amount accrued at March 31, 2012. The amounts accrued are reviewed periodically based upon facts and circumstances available at the time. Changes in estimates are recorded in Reclamation and remediation in the period estimates are revised.

Details about certain of the more significant matters involved are discussed below.

Newmont USA Limited—100% Newmont Owned

Grey Eagle Mine Site. By letter dated September 3, 2002, the EPA notified Newmont that the EPA had expended $3 in response costs to address environmental conditions associated with a historic tailings pile located at the Grey Eagle Mine site near Happy Camp, California, and requested that Newmont pay those costs. The EPA has identified four potentially responsible parties, including Newmont. Newmont does not believe it has any liability for environmental conditions at the Grey Eagle Mine site, and intends to vigorously defend any formal claims by the EPA. Newmont cannot reasonably predict the likelihood or outcome of any future action against it arising from this matter.

32

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

Ross-Adams Mine Site. By letter dated June 5, 2007, the U.S. Forest Service notified Newmont that it had expended approximately $0.3 in response costs to address environmental conditions at the Ross-Adams mine in Prince of Wales, Alaska, and requested Newmont USA Limited pay those costs and perform an Engineering Evaluation/Cost Analysis (“EE/CA”) to assess what future response activities might need to be completed at the site. Newmont intends to vigorously defend any formal claims by the EPA. Newmont has agreed to perform the EE/CA. Newmont cannot reasonably predict the likelihood or outcome of any future action against it arising from this matter.

PT Newmont Minahasa Raya (“PTNMR”)—80% Newmont Owned

On March 22, 2007, an Indonesian non-governmental organization named Wahana Lingkungan Hidup Indonesia (“WALHI”) filed a civil suit against PTNMR, the Newmont subsidiary that operated the Minahasa mine in Indonesia, and Indonesia’s Ministry of Energy & Mineral Resources and Ministry of Environment, alleging pollution from the government-approved and permitted disposal of mill tailings into Buyat Bay, and seeking a court order requiring PTNMR to fund a 25-year monitoring program in relation to Buyat Bay. In December 2007, the court ruled in PTNMR’s favor and found that WALHI’s allegations of pollution in Buyat Bay were without merit. In March 2008, WALHI appealed this decision to the Indonesian High Court. On January 27, 2010, the Indonesian High Court upheld the December 2007 ruling in favor of PTNMR. On May 17, 2010, WALHI filed an appeal of the January 27, 2010 Indonesian High Court ruling seeking review from the Indonesian Supreme Court. Independent sampling and testing of Buyat Bay water and fish, as well as area residents, conducted by the World Health Organization and the Australian Commonwealth Scientific and Industrial Research Organization confirm that PTNMR has not polluted the Buyat Bay environment, and, therefore, has not adversely affected the fish in Buyat Bay or the health of nearby residents. Ongoing monitoring of seawater quality by an Independent Scientific Panel continues to confirm that PTNMR’s operations have not adversely affected the environment. The Company remains steadfast that it has not caused pollution or health problems.

Other Legal Matters

Minera Yanacocha S.R.L. (“Yanacocha”)—51.35% Newmont Owned

Choropampa. In June 2000, a transport contractor of Yanacocha spilled approximately 151 kilograms of elemental mercury near the town of Choropampa, Peru, which is located 53 miles (85 kilometers) southwest of the Yanacocha mine. Elemental mercury is not used in Yanacocha’s operations but is a by-product of gold mining and was sold to a Lima firm for use in medical instruments and industrial applications. A comprehensive health and environmental remediation program was undertaken by Yanacocha in response to the incident. In August 2000, Yanacocha paid under protest a fine of 1,740,000 Peruvian soles (approximately $0.5) to the Peruvian government. Yanacocha has entered into settlement agreements with a number of individuals impacted by the incident. As compensation for the disruption and inconvenience caused by the incident, Yanacocha entered into agreements with and provided a variety of public works in the three communities impacted by this incident. Yanacocha cannot predict the likelihood of additional expenditures related to this matter.

Additional lawsuits relating to the Choropampa incident were filed against Yanacocha in the local courts of Cajamarca, Peru, in May 2002 by over 900 Peruvian citizens. A significant number of the plaintiffs in these lawsuits entered into settlement agreements with Yanacocha prior to filing such claims. In April 2008, the Peruvian Supreme Court upheld the validity of these settlement agreements, which the Company expects to result in the dismissal of all claims brought by previously settled plaintiffs. Yanacocha has also entered into settlement agreements with approximately 350 additional plaintiffs. The claims asserted by approximately 200 plaintiffs remain. In 2011, Yanacocha was served with 22 complaints alleging grounds to nullify the settlements entered between Yanacocha and the plaintiffs. Yanacocha has answered the complaints and the court has dismissed several of the matters and the plaintiffs have filed appeals. Yanacocha will continue to vigorously defend its position. Neither the Company nor Yanacocha can reasonably estimate the ultimate loss relating to such claims.

33

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

PT Newmont Nusa Tenggara (“PTNNT”) – 31.5% Newmont Owned

Under the Batu Hijau Contract of Work, beginning in 2006 and continuing through 2010, a portion of PTNNT’s shares were required to be offered for sale, first, to the Indonesian government or, second, to Indonesian nationals, equal to the difference between the following percentages and the percentage of shares already owned by the Indonesian government or Indonesian nationals (if such number is positive): 23% by March 31, 2006; 30% by March 31, 2007; 37% by March 31, 2008; 44% by March 31, 2009; and 51% by March 31, 2010. As PT Pukuafu Indah (“PTPI”), an Indonesian national, owned a 20% interest in PTNNT at all relevant times, in 2006, a 3% interest was required to be offered for sale and, in each of 2007 through 2010, an additional 7% interest was required to be offered (for an aggregate 31% interest). The price at which such interests were offered for sale to the Indonesian parties was the fair market value of such interest considering PTNNT as a going concern, as agreed with the Indonesian government.

In accordance with the Contract of Work, an offer to sell a 3% interest was made to the Indonesian government in 2006 and an offer for an additional 7% interest was made in each of 2007, 2008, 2009 and 2010. While the central government declined to participate in the 2006 and 2007 offers, local governments in the area in which the Batu Hijau mine is located expressed interest in acquiring shares, as did various Indonesian nationals. After disagreement with the government over whether the government’s first right to purchase had expired and receipt of Notices of Default from the government claiming breach and threatening termination of the Contract of Work, on March 3, 2008, the Indonesian government filed for international arbitration as provided under the Contract of Work, as did PTNNT.

An international arbitration panel (the “Panel”) was appointed to resolve these claims and other claims that had arisen in relation to divestment and on March 31, 2009, the Panel issued its final award and decision on the matter. In its decision, the Panel determined that PTNNT’s foreign shareholders had not complied with the divestiture procedure required by the Contract of Work in 2006 and 2007, but the Panel ruled that the Indonesian government was not entitled to immediately terminate the Contract of Work and rejected the Indonesian government’s claim for damages. In November and December 2009, sale agreements were concluded pursuant to which the 2006, 2007 and 2008 shares were transferred to PT Multi Daerah Bersaing (“PTMDB”), the nominee of the local governments, and the 2009 shares were transferred to PTMDB in February 2010, resulting in PTMDB owning a 24% interest in PTNNT.

On December 17, 2010, the Ministry of Energy & Mineral Resources, acting on behalf of the Indonesian government, accepted the offer to acquire the final 7% interest in PTNNT. Subsequently, the Indonesian government designated Pusat Investasi Pemerintah (“PIP”), an agency of the Ministry of Finance, as the entity that will buy the final stake. On May 6, 2011, PIP and the foreign shareholders entered into a definitive agreement for the sale and purchase of the final 7% divestiture stake. Closing of the transaction is pending receipt of approvals from certain Indonesian government ministries. Subsequent to signing the agreement, a disagreement arose between the Ministry of Finance and the Indonesian parliament in regard to whether parliamentary approval was needed to allow PIP to make the share purchase. In October 2011, press reports stated that Indonesia’s Supreme Audit Agency had determined that parliamentary approval is required. The Ministry of Finance continues to dispute the need for parliamentary approval and has filed a case with Indonesia’s Constitutional Court to have the issue finally resolved. Further disputes may arise in regard to the divestiture of the 2010 shares.

As part of the negotiation of the sale agreements with PTMDB, the parties executed an operating agreement (the “Operating Agreement”) under which each recognizes the rights of the Company and Sumitomo to apply their operating standards to the management of PTNNT’s operations, including standards for safety, environmental stewardship and community responsibility. The Operating Agreement became effective upon the completion of the sale of the 2009 shares in February 2010 and will continue for so long as the Company and Sumitomo own more shares of PTNNT than PTMDB. If the Operating Agreement terminates, then the Company may lose control over the applicable operating standards for Batu Hijau and will be at risk for operations conducted in a manner that either detracts from value or results in safety, environmental or social standards below those adhered to by the Company and Sumitomo.

In the event of any future disputes under the Contract of Work or Operating Agreement, there can be no assurance that the Company would prevail in any such dispute and any termination of such contracts could result in substantial diminution in the value of the Company’s interests in PTNNT.

34

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

Effective January 1, 2011, the local government in the region where the Batu Hijau mine is located commenced the enforcement of local regulations that purport to require PTNNT to pay additional taxes based on revenue and the value of PTNNT’s contracts. In addition, the regulations purport to require PTNNT to obtain certain export-related documents from the regional government for purposes of shipping copper concentrate. PTNNT is required to and has obtained all export related-documents in compliance with the laws and regulations of the central government. PTNNT believes that the new regional regulations are not enforceable as they expressly contradict higher level Indonesian laws that set out the permissible taxes that can be imposed by a regional government and all effective export requirements. PTNNT’s position is supported by Indonesia’s Ministry of Energy & Mineral Resources, Ministry of Trade, and the provincial government. To date, PTNNT has not been forced to comply with these new contradictory regional regulations. On February 4, 2011, PTNNT filed legal proceedings seeking to have the regulations declared null and void because they conflict with the laws of Indonesia. Subsequently, the Ministry of Home Affairs issued a decree declaring these local regulations to be contrary to Indonesian law and thus unenforceable. Further disputes with the local government could arise in relation to these regulations. PTNNT intends to vigorously defend its position in this dispute.

Additionally, in September 2011, WALHI brought an administrative law claim against Indonesia’s Ministry of Environment to challenge the May 2011 renewal of PTNNT’s submarine tailings permit. PTNNT and the regional government of KSB (“KSB”) filed separate applications for intervention into the proceedings, both of which were accepted by the Administrative Court. KSB intervened on the side of WALHI, and PTNNT joined on the side of the Ministry of Environment. On April 3, 2012, the Administrative Court ruled in favor of the Ministry of Environment and PTNNT, finding that the Ministry of Environment properly renewed the permit in accordance with Indonesian law and regulations. WALHI has announced that it has appealed the verdict. PTNNT will continue to defend its submarine tailings permit and is confident that the Ministry of Environment acted properly in renewing PTNNT’s permit.

Claim against Newmont Mining Corporation relating to PTNNT divestiture

The Company is aware of a lawsuit apparently filed by Indonesian citizens living in the province of Nusa Tenggara Barat against Indonesia’s Ministry of Finance and other government officials (as defendants) and against PTNNT and the Company (as co-defendants). Plaintiffs claim that the purchase by the central government of the final 7% divestiture stake in PTNNT violates, or would violate, their human rights. PTNNT’s alleged liability appears supposedly to arise from being a party involved in the process of divestiture, and the Company’s from being a holding company of PTNNT. The allegations regarding alleged liability are vague and unclear. Plaintiffs seek various relief, including an order requiring the defendants and co-defendants to transfer the final 7% stake to the regional government of Nusa Tenggara Barat and a payment of approximately $247 in damages. The Company considers that there has been no proper service of process, that there is lack of jurisdiction, and that the claims, including those pertaining to it and PTNNT, are entirely without merit.

PT Pukuafu Indah Litigation

In October 2009, PTPI filed a lawsuit in the Central Jakarta District Court against PTNNT and the Indonesian government seeking to cancel the March 2009 arbitration award pertaining to the manner in which divestiture of shares in PTNNT should proceed (refer to the discussion of PTNNT above for the arbitration results). On October 11, 2010, the District Court ruled in favor of PTNNT and the Indonesian government finding, among other things, that PTPI lacks standing to contest the validity of the arbitration award. PTPI filed an appeal to the High Court, which was rejected by the High Court on January 4, 2012. PTPI has not yet further appealed the case.

Subsequent to its initial claim, PTPI filed numerous additional lawsuits, three of which have been withdrawn, against Newmont Indonesia Limited (“NIL”) and Nusa Tenggara Mining Corporation (“NTMC”), a subsidiary of Sumitomo, in the South Jakarta District Court. Fundamentally, the cases all relate to PTPI’s contention that it owns, or has rights to own, the shares in PTNNT that have been or will be divested to fulfill the requirements of the PTNNT Contract of Work and the March 2009 arbitration award. PTPI also makes various other allegations, including alleged rights in or to the Company’s or NTMC’s non-divestiture shares in PTNNT, and PTPI asserts claims for significant damages allegedly arising from NIL’s and NTMC’s unlawful acts in transferring the divestiture shares to a third party. On November 30, 2010, the South Jakarta District Court rendered a decision in favor of PTPI in one of the cases that included an order that NIL/NTMC transfer 31% of PTNNT shares to PTPI and pay PTPI $26 in damages and certain monetary penalties. The order is not final and binding until the appeal process is completed. NIL and NTMC appealed the decision. On June 28, 2011, the South Jakarta District Court ruled in favor of NIL and NTMC in one of PTPI’s lawsuits contending that PTPI has rights in or to NIL’s and NTMC’s non-divestiture shares. In the Company’s view, this ruling further conflicts with the November 30, 2010 ruling finding that PTPI has rights in the divestiture shares. PTPI has filed a notice of appeal. In March 2012, the District Court dismissed PTPI’s final two cases that were pending at the trial court level, and PTPI has to date appealed one of these lawsuits.

35

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

In January 2010, PTPI also filed a lawsuit against PTNNT’s President Director, Mr. Martiono Hadianto, alleging wrongful acts associated with the arbitration, including failure to properly share certain information. The South Jakarta District Court issued a decision partially in favor of PTPI against the PTNNT President Director, requiring the production of arbitration documents. The PTNNT President Director has appealed the decision, which is nonbinding until the appeal process is completed.

Newmont, Sumitomo and PTNNT’s management believe that all of PTPI’s claims in these matters are without merit and constitute a material breach of a written release agreement executed by PTPI in 2009, in which it and its shareholders committed to cease prosecution of all then-pending lawsuits and not to initiate new proceedings, in conjunction with Newmont’s provision of financing to PTPI in late 2009.

In August 2010, NIL and NVL USA Limited (“NVL”) commenced an arbitration against PTPI in the Singapore International Arbitration Centre, as provided in relevant financing agreements, seeking declarations that PTPI has violated the release agreement by failing to dismiss its Indonesian lawsuits, that PTPI is in breach of the November 2009 loan facility and related agreements, and that NIL and NVL are entitled to damages arising from PTPI’s and its shareholders’ conduct.

On October 1, 2010, NIL and NVL requested, based upon the release agreement, that the arbitral tribunal issue an interim order requiring PTPI and its shareholders to discontinue the various Indonesian court proceedings and refrain from bringing additional lawsuits. On October 15, 2010, the tribunal issued an order granting NIL and NVL’s request. The order of the tribunal restrains PTPI and its agents from “proceeding with or continuing with or assisting or participating in the prosecution of the Indonesian [s]uits” and from commencing additional proceedings relating to the same subject matter as the Indonesian lawsuits. NIL and NVL obtained an enforcement order in Singapore courts but it is not known whether PTPI and its shareholders will abide by the court order. PTPI and its shareholders’ proceedings in Singapore court to contest enforcement of the interim award were rejected by the court.

On April 7, 2011, the arbitral tribunal issued a final award, while keeping the proceedings open to allow NIL and NVL to seek further relief as necessary, finding PTPI and its shareholders in breach of various provisions of the financing agreements, including the release agreement. The tribunal, for the second time, ordered PTPI and its agents to restrain from proceeding with the Indonesian lawsuits or filing new lawsuits relating to the same subject matter. In addition, the tribunal ordered PTPI and other shareholder defendants, collectively, to pay more than $11 in damages, costs and expenses. NIL and NVL obtained an enforcement order in Singapore courts but it is not known whether PTPI and its shareholders will comply with the court order. NIL and NVL have also registered the final award in the Central Jakarta District Court to seek enforcement in Indonesia.

The Company intends to continue vigorously defending the PTPI lawsuits and pursuing its claims against PTPI.

NWG Investments Inc. v. Fronteer Gold Inc.

In April 2011, Newmont acquired Fronteer Gold Inc. (“Fronteer”). Fronteer has been named as a defendant in a lawsuit filed in New York State Supreme Court by NWG Investments Inc. (“NWG”).

Fronteer acquired NewWest Gold Corporation (“NewWest Gold”) in September 2007. At the time of that acquisition, NWG owned approximately 86% of NewWest Gold and an individual named Jacob Safra owned or controlled 100% of NWG. Prior to its acquisition of NewWest Gold, Fronteer entered into a June 2007 lock-up agreement with NWG providing that, among other things, NWG would support Fronteer’s acquisition of NewWest Gold. At that time, Fronteer owned approximately 42% of Aurora Energy Resources Inc. (“Aurora”), which, among other things, had a uranium exploration project in Labrador, Canada.

NWG contends that, during the negotiations leading up to the lock-up agreement, Fronteer represented to NWG that Aurora would commence uranium mining in Labrador by 2013, that this was a firm date, that Fronteer was not aware of any obstacle to doing so, that Aurora faced no serious environmental issues in Labrador and that Aurora’s competitors faced greater delays in commencing uranium mining. NWG further contends that it entered into the lock-up agreement and agreed to support Fronteer’s acquisition of NewWest Gold in reliance upon these purported representations. On October 11, 2007, less than three weeks after the Fronteer-NewWest Gold transaction closed, a member of the Nunatsiavut Assembly introduced a motion calling for the adoption of a moratorium on uranium mining in Labrador. On April 8, 2008, the Nunatsiavut Assembly adopted a three-year moratorium on uranium mining in Labrador. NWG contends that Fronteer was aware during the negotiations of the NWG/Fronteer lock-up agreement that the Nunatsiavut Assembly planned on adopting this moratorium and that its adoption would preclude Aurora from commencing uranium mining by 2013, but Fronteer nonetheless fraudulently induced NWG to enter into the lock-up agreement.

36

NEWMONT MINING CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

(dollars in millions, except per share, per ounce and per pound amounts)

NWG has not yet filed or served a complaint upon Fronteer or Newmont. Newmont intends to defend this matter, but cannot reasonably predict the outcome.

Other Commitments and Contingencies

Tax contingencies are provided for in accordance with ASC income tax guidance (see Note 9).

The Company has minimum royalty obligations on one of its producing mines in Nevada for the life of the mine. Amounts paid as a minimum royalty (where production royalties are less than the minimum obligation) in any year are recoverable in future years when the minimum royalty obligation is exceeded. Although the minimum royalty requirement may not be met in a particular year, the Company expects that over the mine life, gold production will be sufficient to meet the minimum royalty requirements. Minimum royalty payments payable are $28 in 2012 through 2016 and $223 thereafter.

As part of its ongoing business and operations, the Company and its affiliates are required to provide surety bonds, bank letters of credit and bank guarantees as financial support for various purposes, including environmental reclamation, exploration permitting, workers compensation programs and other general corporate purposes. At March 31, 2012 and December 31, 2011, there were $1,482 and $1,354, respectively, of outstanding letters of credit, surety bonds and bank guarantees. The surety bonds, letters of credit and bank guarantees reflect fair value as a condition of their underlying purpose and are subject to fees competitively determined in the market place. The obligations associated with these instruments are generally related to performance requirements that the Company addresses through its ongoing operations. As the specific requirements are met, the beneficiary of the associated instrument cancels and/or returns the instrument to the issuing entity. Certain of these instruments are associated with operating sites with long-lived assets and will remain outstanding until closure. Generally, bonding requirements associated with environmental regulation are becoming more restrictive. However, the Company believes it is in compliance with all applicable bonding obligations and will be able to satisfy future bonding requirements, through existing or alternative means, as they arise.

Newmont is from time to time involved in various legal proceedings related to its business. Except in the above-described proceedings, management does not believe that adverse decisions in any pending or threatened proceeding or that amounts that may be required to be paid by reason thereof will have a material adverse effect on the Company’s financial condition or results of operations.

NOTE 26 SUPPLEMENTARY DATA

Ratio of Earnings to Fixed Charges

The ratio of earnings to fixed charges for the three months ended March 31, 2012 was 13.5. The ratio of earnings to fixed charges represents income before income and mining tax expense, equity income (loss) of affiliates, loss from discontinued operations and net income attributable to noncontrolling interests, divided by interest expense. Interest expense includes amortization of capitalized interest and the portion of rent expense representative of interest. Interest expense does not include interest on income tax liabilities. The computation of the ratio of earnings to fixed charges can be found in Exhibit 12.1.

37

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION (dollars in millions, except per share, per ounce and per pound amounts)

The following discussion provides information that management believes is relevant to an assessment and understanding of the consolidated financial condition and results of operations of Newmont Mining Corporation and its subsidiaries (collectively, “Newmont,” the “Company,” “our” and “we”). We use certain non-GAAP financial performance measures in our MD&A. For a detailed description of each of the non-GAAP financial measures used in this MD&A, please see the discussion under “Non-GAAP Financial Performance Measures” beginning on page 53. References to “A$” refer to Australian currency, “C$” to Canadian currency, “NZ$” to New Zealand currency and “$” to United States currency.

This item should be read in conjunction with our interim unaudited Condensed Consolidated Financial Statements and the notes thereto included in this quarterly report. Additionally, the following discussion and analysis should be read in conjunction with Management’s Discussion and Analysis of Consolidated Financial Condition and Results of Operations and the consolidated financial statements included in Part II of our Annual Report on Form 10-K for the year ended December 31, 2011 filed February 24, 2012.

Overview

Newmont is one of the world’s largest gold producers and is the only gold company included in the S&P 500 Index and Fortune 500, and has been included in the Dow Jones Sustainability Index-World for five consecutive years. We are also engaged in the exploration for and acquisition of gold and gold/copper properties. We have significant operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana, Mexico and New Zealand.

Our vision is to be the most valued and respected mining company through industry leading performance. We remain focused on progressing the development of our next generation of mining projects. Approximately 60% of our 2012 capital expenditures will be invested in these projects and the development of our pipeline, funded primarily from Net cash from continuing operations, as we continue to deliver solid leverage to the gold price. First quarter 2012 highlights are included below and discussed further in Results of Consolidated Operations.

Operating highlights

• Consolidated revenue of $2,683, an increase of 9% from the prior year quarter;

• Average realized gold and copper price of $1,684 per ounce and $ 4.01 per pound, up 22% and no change, respectively, from the prior year quarter

• Attributable gold and copper production of 1.3 million ounces and 35 million pounds, down 2% and 35%, respectively, from the prior year quarter;

• Cash flow from continuing operations of $613, down 38% from the prior year quarter;

• Second quarter gold price-linked dividend of $0.35 per share, an increase of 75% over the prior year quarter;

• Gold and copper Costs applicable to sales of $620 per ounce and $1.98 per pound, up 11% and up 78%, respectively, from the prior year quarter; and

• Maintaining 2012 Company-wide outlook for production, Costs applicable to sales and capital expenditures.

Advancing our project pipeline

We manage our wider project portfolio to maintain flexibility to address the development risks associated with our projects, including permitting, local community and government support, engineering and procurement availability, technical issues, escalating costs and other associated risks that could adversely impact the timing and costs of certain opportunities.

Our opportunities in the Execution phase of development comprise a significant part of the Company’s growth strategy and include Akyem in Ghana, Conga in Peru, Tanami Shaft in Australia and the Phoenix Copper Leach and Emigrant in Nevada, as described further below.

38

Akyem, Ghana. Construction activities at the Akyem project continue to progress according to plan. First production is expected in late 2013 to early 2014 with approximately three to six months expected for ramp-up to commercial production. Gold production is expected to be approximately 350,000 to 450,000 ounces per year at Costs applicable to sales of $450 to $550 per ounce for the first five years of the mine’s operating life of approximately 16 years (based on current gold reserves). Capital costs are estimated at $850 to $1,100, of which approximately $538 have been incurred at March 31, 2012. At December 31, 2011, we reported 7.4 million ounces of gold reserves at Akyem.

Conga, Peru. Due to local political and community protests, construction and development activities at the Conga project were largely suspended in November 2011 and recommencement remains subject to certain risks and uncertainties, including those relating to the Environmental Impact Assessment (“EIA”) review. The Conga project’s EIA, which was previously approved by the central government of Peru in October 2010 following an extensive public engagement process, was subject to a review by independent experts during the first quarter at the request of the central government. The results of the independent review were released on April 17, 2012 and confirmed that the EIA met Peruvian and international standards. The Company is currently in the process of evaluating the recommendations contained in the independent report, and additional recommendations from the central government related to the report, to assess the impact on the project economics. Should the Company be unable to continue with the development of Conga, the Company may reprioritize and reallocate capital to other development alternatives in Nevada, Australia, Ghana and Indonesia, which may result in an impairment of the Conga project. For additional information, see Newmont’s most recent Form 10-K filed with the SEC, under the heading “Risk Factors - Our operations at Yanacocha and the development of our Conga Project in Peru are subject to political and social unrest risks, which have resulted most recently in the suspension of construction activities in our Conga project.”

Tanami Shaft, Australia. Development efforts at the Tanami Shaft continue to progress. The project supports underground expansion at the Callie and Auron ore bodies to: reduce cut-off grade, enhance productivity and facilitate possible additional mine expansion. The project is expected to add gold production of approximately 60,000 to 90,000 ounces per year during the first five years of production while lowering Costs applicable to sales for the first five years by approximately $100 per ounce at Other Australia/New Zealand. Capital costs are expected to be approximately $400 to $450, of which approximately $38 have been incurred at March 31, 2012.

Phoenix Copper Leach, Nevada. The Board of Directors recently authorized full funding for the Phoenix Copper Leach project in Nevada and advanced the project into the Execution phase of development. Delivering the Phoenix Copper Leach project on time and within budget generates positive economics and provides operational diversity to the site and the North American Region. The project also demonstrates the viability of permitting copper leaching in Nevada, thus generating a springboard for future opportunities in the region.

Emigrant, Nevada. Construction is in process and first production is anticipated in the second half of 2012. Emigrant provides a new source of gold production for the North America region, unconstrained by Carlin’s fixed mill capacity over an 8.5 year mine life. Gold production is expected to be approximately 80,000 to 90,000 ounces per year at Costs applicable to sales of $600 to $700 per ounce for the first five years of the mine’s operating life. Capital costs are estimated at approximately $100, of which approximately $74 have been incurred at March 31, 2012. At December 31, 2011, we reported 1.6 million ounces of gold reserves at Emigrant.

In addition to these projects in the Execution phase of development, as described above, we continue to advance earlier stage development assets through our project pipeline in our four operating regions. The exploration, construction and operation of these earlier stage development assets will require significant funding when they go into execution. Two of these projects are described further below:

Merian, Suriname. Feasibility study work for the Merian project began in the third quarter of 2011 and is expected to be completed in the fourth quarter of 2012. The Company continues negotiations for a mineral agreement with the government of Suriname. The development of the Merian project allows Newmont to pursue a new district with upside potential and the opportunity to grow and extend the operating life of the South American region. First production is targeted for 2015 with initial estimated attributable gold production of approximately 300,000 ounces per year.

Long Canyon, Nevada. We continue to further develop our understanding of what we expect could be another Carlin-type trend at Long Canyon. We continue to make progress on the drilling program and we anticipate an additional 65 kilometers to be drilled in 2012. Our intention is to bring the project into production in 2017 with initial estimated gold production of approximately 200,000 to 300,000 ounces per year.

39

Selected Financial and Operating Results

	Three Months Ended March 31,
	2012		2011
Sales	$	2,683	$	2,465
Income from continuing operations	$	674	$	670
Net income	$	603	$	670
Net income attributable to Newmont stockholders	$	490	$	514
Per common share, basic:
Income from continuing operations attributable to Newmont stockholders	$	1.13	$	1.04
Net income attributable to Newmont stockholders	$	0.99	$	1.04
Adjusted net income (1)	$	578	$	513
Adjusted net income per share (1)	$	1.17	$	1.04
Consolidated gold ounces (thousands)
Produced		1,479		1,512
Sold		1,455		1,478
Consolidated copper pounds (millions)
Produced		57		98
Sold		58		105
Average price realized, net:
Gold (per ounce)	$	1,684	$	1,382
Copper (per pound)	$	4.01	$	4.00
Consolidated costs applicable to sales:(2)
Gold (per ounce)	$	620	$	557
Copper (per pound)	$	1.98	$	1.11
Attributable costs applicable to sales:(1)
Gold (per ounce)	$	637	$	562
Copper (per pound)	$	1.97	$	1.23
Operating margin(1)
Gold (per ounce)	$	1,064	$	825
Copper (per pound)	$	2.03	$	2.89

⁽¹⁾  See “Non-GAAP Financial Measures” on page 53.

⁽²⁾  Excludes Amortization and Reclamation and remediation.

40

Consolidated Financial Results

Net income attributable to Newmont stockholders for the first quarter of 2012 was $490, or $0.99 per share, compared to $514, or $1.04 per share, for the first quarter of 2011. Results for the first quarter of 2012 compared to the first quarter of 2011 were impacted by lower copper and gold production from Batu Hijau and a $71 loss from discontinued operations, largely offset by a higher realized gold price and higher gold production from Yanacocha.

Gold Sales increased 20% in the first quarter of 2012 compared to the first quarter of 2011 due to higher realized prices. The following analysis summarizes the changes in consolidated gold sales:

	Three Months Ended March 31,
	2012			2011
Consolidated gold sales:
Gross before provisional pricing	$	2,459		$	2,050
Provisional pricing mark-to-market		6			8
Gross after provisional pricing		2,465			2,058
Treatment and refining charges		(15	)		(15	)
Net	$	2,450		$	2,043
Consolidated gold ounces sold (thousands):		1,455			1,478
Average realized gold price (per ounce):
Gross before provisional pricing	$	1,690		$	1,387
Provisional pricing mark-to-market		4			5
Gross after provisional pricing		1,694			1,392
Treatment and refining charges		(10	)		(10	)
Net	$	1,684		$	1,382

The change in consolidated gold sales is due to:

	Three Months Ended
	March 31,
	2012 vs. 2011
Change in consolidated ounces sold	$	(32	)
Change in average realized gold price		439
	$	407

41

Copper Sales decreased 45% in the first quarter of 2012 compared to the first quarter of 2011 due to decreased sales volume. The following analysis summarizes the changes in consolidated copper sales:

	Three Months Ended March 31,
	2012			2011
Consolidated copper sales:
Gross before provisional pricing	$	219		$	461
Provisional pricing mark-to-market		31			(12	)
Gross after provisional pricing		250			449
Treatment and refining charges		(17	)		(27	)
Net	$	233		$	422
Consolidated copper pounds sold (millions):		58			105
Average realized copper price (per pound):
Gross before provisional pricing	$	3.77		$	4.37
Provisional pricing mark-to-market		0.53			(0.12	)
Gross after provisional pricing		4.30			4.25
Treatment and refining charges		(0.29	)		(0.25	)
Net	$	4.01		$	4.00

The change in consolidated copper sales is due to:

	Three Months Ended
	March 31,
	2012 vs. 2011
Change in consolidated pounds sold	$	(200	)
Change in average realized copper price		1
Change in treatment and refining charges		10
	$	(189	)

42

The following is a summary of consolidated gold and copper sales, net:

	Three Months Ended March 31,
	2012		2011
Gold
North America:
Nevada	$	723	$	582
La Herradura		93		65
		816		647
South America:
Yanacocha		594		362
Asia Pacific:
Boddington		298		232
Batu Hijau		34		140
Other Australia/New Zealand		427		415
		759		787
Africa:
Ahafo		281		247
		2,450		2,043
Copper
Asia Pacific:
Batu Hijau		172		369
Boddington		61		53
		233		422
	$	2,683	$	2,465

Costs applicable to sales for gold increased in the first quarter of 2012 compared to the first quarter of 2011 due to higher labor, energy and royalty costs, a higher allocation of costs to gold, lower by-product credits and a stronger Australian dollar. Costs applicable to sales for copper was also impacted in the first quarter of 2012 compared to the first quarter of 2011 by higher labor, energy and royalty costs, a stronger Australian dollar and lower by-product credits, offset by a lower allocation of costs to copper. For a complete discussion regarding variations in operations, see Results of Consolidated Operations below.

Amortization decreased in the first quarter of 2012 compared to the first quarter of 2011 due to increases in inventory and stockpiles at Nevada and Batu Hijau. We expect Amortization expense to be approximately $1,050 to $1,080 in 2012.

43

The following is a summary of Costs applicable to sales and Amortization by operation:

	Costs Applicable to Sales				Amortization
	Three Months Ended March 31,				Three Months Ended March 31,
	2012		2011		2012		2011
Gold
North America:
Nevada	$	267	$	272	$	53	$	72
La Herradura		32		18		5		4
		299		290		58		76
South America:
Yanacocha		161		153		50		53
Asia Pacific:
Boddington		137		100		32		28
Batu Hijau		19		34		3		7
Other Australia/New Zealand		190		166		36		35
		346		300		71		70
Africa:
Ahafo		96		80		24		22
		902		823		203		221
Copper
Asia Pacific:
Batu Hijau		85		89		16		20
Boddington		30		28		6		7
		115		117		22		27
Other
Hope Bay		—		—		—		3
Asia Pacific		—		—		1		1
Corporate and other		—		—		5		4
		—		—		6		8
	$	1,017	$	940	$	231	$	256

Exploration expense increased $26 in the first quarter of 2012 compared to the first quarter of 2011 due to additional near mine expenditures in all regions to support our growth plans. We continue to expect 2012 Exploration expense to be approximately $400 to $430.

44

Advanced projects, research and development in the first quarter of 2012 and 2011 is summarized as follows:

	Three Months Ended March 31,
	2012		2011
North America
Nevada	$	6	$	3
Hope Bay		—		38
South America
Yanacocha		6		4
Conga		26		1
Other South America		15		—
Asia Pacific
Boddington		2		—
Batu Hijau		6		—
Other Australia/New Zealand		2		3
Africa
Ahafo		4		1
Akyem		2		—
Other Africa		1		—
Corporate and Other
Technical and project services		27		17
Corporate		5		1
	$	102	$	68

We expect Advanced projects, research and development expenses to be approximately $475 to $525 in 2012, with a primary focus on Merian in Other South America, Midas and Long Canyon in Nevada, Chaquicocha underground in Yanacocha, Elang in Asia Pacific and Ahafo mill expansion in Africa.

General and administrative expenses increased in the first quarter of 2012 compared to the first quarter of 2011 due to increased salaries and benefits. We expect 2012 General and administrative expenses to be approximately $210 to $230.

Other expense, net was $120 and $73 for the three months ended March 31, 2012 and 2011, respectively. The increase is due to Hope Bay care and maintenance of $50 and higher community development expense of $14, partially offset by non-recurring expense of $21 in 2011 to settle value added tax in Indonesia.

Other income, net was $33 and $31 for the three months ended March 31, 2012 and 2011, respectively. The increase is primarily related to the reversal of an allowance for loan receivable of $21, higher gain on asset sales of $7, refinery income of $5 and higher Canadian Oil Sands’ dividends of $3, partially offset by impairment losses on marketable securities of $24, lower income from developing projects of $10 and higher foreign currency exchange losses of $4 in 2012.

Interest expense, net decreased by $13 in the first quarter of 2012 compared to the first quarter of 2011 due to the repayment of the 2012 Convertible Senior Notes and higher capitalized interest of $17 due to spending on our internal growth opportunities. We expect 2012 Interest expense, net to be approximately $240 to $260.

Income and mining tax expense during the first quarter of 2012 was $343 resulting in an effective tax rate of 33%. Income and mining tax expense during the first quarter of 2011 was $305 for an effective tax rate of 31%. The increase of 2% in the effective tax rate from 2011 to 2012 was the result of valuation allowances recorded on our Canadian deferred tax assets generated in the quarter. The effective tax rates in the first quarter of 2012 and 2011 are different from the United States statutory rate of 35% primarily due to the above mentioned valuation allowance recorded in 2012 and U.S. percentage depletion. For a complete discussion of the factors that influence our effective tax rate, see Management’s Discussion and Analysis of Consolidated Financial Condition and Results of Operations in Newmont’s Annual Report on Form 10-K for the year ended December 31, 2011 filed February 24, 2012. We expect the 2012 full year tax rate to be approximately 28% to 32%, assuming an average gold price of $1,500 per ounce for the remainder of the year.

45

Net income attributable to noncontrolling interests decreased to $113 in the first quarter of 2012 compared to $156 in the first quarter of 2011 as a result of decreased earnings at Batu Hijau, partially offset by increased earnings at Yanacocha.

Loss from discontinued operations includes an additional charge for the Holt property royalty. During the first quarter of 2012, the Company recorded an additional $71 charge, net of tax benefits of $4, to reflect an increase in future expected production at the Holt property due to new reserve and resource estimates published by St. Andrew Goldfields Ltd. and an increase in the current spot gold price. Due to the nature of the sliding scale royalty calculation, changes in expected production and the gold price may have a significant impact on the fair value of the liability.

Results of Consolidated Operations

	Gold or Copper Produced				Costs Applicable to Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
	(ounces in thousands)				($ per ounce)				($ per ounce)
Three Months Ended March 31,
Gold
North America		489		482	$	613	$	617	$	118	$	162
South America		366		289		458		583		143		204
Asia Pacific		449		555		774		527		158		123
Africa		175		186		568		451		143		123
Total/Weighted-Average		1,479		1,512	$	620	$	557	$	139	$	150
Attributable to Newmont(2)(3)		1,307		1,338	$	637	$	562
Net Attributable to Newmont(3)					$	580	$	438
	(pounds in millions)				($ per pound)				($ per pound)
Copper
Asia Pacific		57		98	$	1.98	$	1.11	$	0.38	$	0.25
Attributable to Newmont(3)		35		54	$	1.97	$	1.23

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

⁽²⁾  Includes 13 and 12 attributable ounces from our interest in La Zanja in 2012 and 2011, respectively, and 4 attributable ounces in 2012 and 2011 from our interest in Duketon.

⁽³⁾  Attributable and Net Attributable Costs applicable to sales are non-GAAP financial measures. See page 53 for a reconciliation.

First quarter 2012 compared to 2011

Consolidated gold ounces produced decreased 2% due to lower production from lower grade stockpiles at Batu Hijau and a scheduled mill shutdown at Waihi in Other Australia/New Zealand, partly offset by higher mill throughput, grade and recovery at Yanacocha. Consolidated copper pounds produced decreased 42% due to processing lower grade stockpiles at Batu Hijau.

Costs applicable to sales per consolidated gold ounce sold increased 11% due to lower production from Batu Hijau, Other Australia/New Zealand and Africa, partly offset by higher production at Yanacocha. Costs applicable to sales per consolidated copper pound sold increased 78% due to lower production at Batu Hijau.

Amortization per consolidated gold ounce sold decreased 7% due to an inventory build-up at Nevada and Yanacocha compared to an in-process drawdown at Nevada in 2011. Amortization per consolidated copper pound sold increased 52% due to lower production at Batu Hijau.

We continue to expect 2012 gold production of approximately 5.0 to 5.2 million ounces attributable to Newmont at consolidated Costs applicable to sales per ounce of approximately $625 to $675 and 2012 copper production of approximately 150 to 170 million pounds attributable to Newmont at consolidated Costs applicable to sales per pound of approximately $1.80 to $2.20.

46

North America Operations

	Gold Ounces Produced				Costs Applicable to  Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
	(in thousands)				($ per ounce)				($ per ounce)
Three Months Ended March 31,
Nevada		435		433	$	617	$	643	$	121	$	170
La Herradura(2)		54		49		581		390		96		92
Total/Weighted-Average		489		482	$	613	$	617	$	118	$	162
Attributable to Newmont		489		482

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

⁽²⁾  Our proportionate 44% share.

First quarter 2012 compared to 2011

Nevada, USA. Gold production was consistent with the prior year quarter due to higher surface ore grade mined as Gold Quarry was back into production offset by lower underground ore grade mined at Leeville and Midas. Costs applicable to sales per ounce decreased 4% as higher underground mining and milling costs were more than offset by an inventory build in 2012 compared to a drawdown of inventory in 2011. Amortization per ounce decreased 29% due to the inventory changes.

La Herradura, Mexico. Gold ounces produced increased 10% due to higher leach placement at Soledad-Dipolos and first production from Noche Buena. Costs applicable to sales per ounce increased 49% due to higher employee profit sharing costs and Noche Buena commencing production.

We continue to expect gold production in North America of approximately 1.9 to 2.0 million ounces at Costs applicable to sales per ounce of approximately $570 to $630 in 2012.

South America Operations

	Gold Ounces Produced				Costs Applicable to Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
	(in thousands)				($ per ounce)				($ per ounce)
Three Months Ended March 31,
Yanacocha		366		289	$	458	$	583	$	143	$	204
Attributable to Newmont:
Yanacocha (51.35%)		188		148
La Zanja (46.94%)		13		12
		201		160

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

First quarter 2012 compared to 2011

Yanacocha, Peru. Gold ounces produced increased 27% due to higher mill throughput, recovery and grade at El Tapado and Chaquicocha, partly offset by lower leach production from La Quinua, Carachugo and Yanacocha. Costs applicable to sales per ounce decreased 21% due to higher production, partially offset by higher labor, diesel and workers’ participation costs and lower silver by-product credits. Amortization per ounce decreased 30% due to higher production and increases to leach pad inventory.

We continue to expect attributable gold production in South America of approximately 700,000 to 750,000 ounces at consolidated Costs applicable to sales per ounce of approximately $480 to $530 in 2012.

47

Asia Pacific Operations

	Gold or Copper Produced				Costs Applicable to Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
	(ounces in thousands)				($ per ounce)				($ per ounce)
Three Months Ended March 31,
Gold
Boddington		162		163	$	782	$	596	$	181	$	166
Batu Hijau		22		93		913		322		168		71
Other Australia/New Zealand		265		299		757		560		141		117
Total/Weighted-Average		449		555	$	774	$	527	$	158	$	123
Attributable to Newmont(2)		442		510
	(pounds in millions)				($ per pound)				($ per pound)
Copper
Boddington		14		13	$	1.94	$	2.19	$	0.41	$	0.55
Batu Hijau		43		85		2.00		0.96		0.36		0.21
Total/Weighted-Average		57		98	$	1.98	$	1.11	$	0.38	$	0.25
Attributable to Newmont		35		54

⁽¹⁾ Excludes Amortization and Reclamation and remediation.

⁽²⁾  Includes 4 thousand attributable ounces in the first quarter 2012 and 2011, from our interest in Duketon.

First quarter 2012 compared to 2011

Boddington, Australia. Gold ounces and copper pounds produced were consistent with the prior year quarter as 17% higher throughput was offset by 15% lower grade and 2% lower recovery. Costs applicable to sales per ounce increased 31% due to processing lower grade ore, higher milling and mining costs, a higher proportion of costs allocated to gold and a stronger Australian dollar. Costs applicable to sales per pound decreased 11% mainly due to lower costs allocated to copper. Amortization per ounce increased 9% due to additional equipment. Amortization per pound decreased 25% due to lower costs allocated to copper.

Batu Hijau, Indonesia. Copper pounds and gold ounces produced decreased 49% and 76%, respectively, due to lower throughput, grade and recovery as a result of processing lower grade stockpiled material as Phase 6 stripping continues. Costs applicable to sales per pound and per ounce increased 108% and 184%, respectively, due to lower production, higher labor and diesel costs and increased waste stripping costs. Amortization per pound and per ounce increased 71% and 137%, respectively, due to lower production.

Other Australia/New Zealand. Gold ounces produced decreased 11% due to a planned mill shutdown at Waihi, mill maintenance at Kalgoorlie and a build-up of in-process inventory at Jundee and Kalgoorlie, partly offset by higher grade at Tanami. Costs applicable to sales per ounce increased 35% primarily due to lower production, a stronger Australian dollar, lower by-product credits and higher diesel and royalty costs. Amortization per ounce increased 21% due to higher equipment and mine development expenditures.

Variations in the local currency exchange rates in relation to the U.S. dollar at our foreign mining operations increased Asia Pacific Costs applicable to sales per ounce by approximately $28, net of hedging gains, for the current quarter compared to the prior year quarter.

We continue to expect attributable gold production for Asia Pacific of approximately 1.8 to 1.9 million ounces at consolidated Costs applicable to sales per ounce of approximately $800 to $850 in 2012. We expect attributable copper production for Asia Pacific to be approximately 150 to 170 million pounds at consolidated Costs applicable to sales per pound of approximately $1.80 to $2.20 in 2012.

48

Africa Operations

	Gold Ounces Produced				Costs Applicable to Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
	(in thousands)				($ per ounce)				($ per ounce)
Three Months Ended March 31,
Ahafo		175		186	$	568	$	451	$	143	$	123
Attributable to Newmont		175		186

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

First quarter 2012 compared to 2011

Ahafo, Ghana. Gold ounces produced decreased 6% due to lower mill throughput and grade, partly offset by higher recovery and a reduction of in-process inventory. Costs applicable to sales per ounce increased 26% due to lower production and higher labor, diesel and royalty costs. Amortization per ounce increased 16% due to mine development expenditures and lower production.

We continue to expect gold production in Africa of approximately 570,000 to 600,000 ounces at Costs applicable to sales per ounce of approximately $500 to $550 in 2012.

Foreign Currency Exchange Rates

Our foreign operations sell their gold and copper production based on U.S. dollar metal prices. Approximately 43% and 39% of our Costs applicable to sales were paid in local currencies during the first quarter of 2012 and 2011, respectively. Variations in the local currency exchange rates in relation to the U.S. dollar at our foreign mining operations increased consolidated Costs applicable to sales per ounce by approximately $7, net of hedging gains and losses, during the first quarter of 2012 as compared to the first quarter of 2011.

Liquidity and Capital Resources

Cash Provided from Operating Activities

Net cash provided from continuing operations was $613 in the first quarter of 2012, a decrease of $376 from the first quarter of 2011 primarily due to lower cash flow from Batu Hijau. Working capital increased by $377 in the first quarter of 2012 compared to the first quarter of 2011 due to increases in inventory and stockpiles in 2012 and a decrease in accounts receivable in 2011 related to the collection of Batu Hijau fourth quarter 2010 copper and gold concentrate sales, partially offset by increased revenue from higher realized gold prices as discussed above in Consolidated Financial Results.

49

Investing Activities

Net cash used in investing activities increased to $855 during the first quarter of 2012 compared to $418 during the same period of 2011, due largely to increased capital spending at Conga, Akyem, Nevada and Yanacocha and increased investments in marketable securities. Additions to property, plant and mine development were as follows:

	Three Months Ended March 31,
	2012			2011
North America:
Nevada	$	157		$	95
Hope Bay		—			19
La Herradura		21			16
		178			130
South America:
Yanacocha		93			41
Conga		147			64
		240			105
Asia Pacific:
Boddington		23			49
Batu Hijau		33			40
Other Australia/New Zealand		70			62
Other Asia Pacific		3			2
		129			153
Africa:
Ahafo		50			15
Akyem		85			28
		135			43
Corporate and Other		38			14
Accrual basis		720			445
Decrease (increase) in accrued capital expenditures		(24	)		(43	)
Cash basis	$	696		$	402

Capital expenditures in North America during the first quarter of 2012 were primarily related to development of the Emigrant leach project, surface mine development, Noche Buena leach project in Mexico and other equipment purchases and infrastructure improvements in Nevada. Capital expenditures in South America were primarily related to Conga project development and Yanacocha leach pad development, surface mine development and equipment purchases. The majority of capital expenditures in Asia Pacific were for surface and underground development, mining equipment and infrastructure improvements. Capital expenditures in Africa were primarily related to Akyem development and the Subika expansion project at Ahafo. We continue to expect 2012 consolidated capital expenditures to be approximately $4,000 to $4,300 ($3,000 to $3,300 attributable to Newmont). This assumes the development of the Conga project in Peru proceeds as anticipated in connection with our original 2012 outlook provided to the market in January 2012. We will reevaluate future capital expenditures after the development schedule of Conga is more clearly defined.

Capital expenditures in North America during the first quarter of 2011 were primarily related to development at the Turf/Leeville and Exodus underground projects in Nevada, infrastructure at the Hope Bay project in Canada and sustaining mine development. Capital expenditures in South America were primarily related to Conga project development and leach pad and surface mine development at Yanacocha. The majority of capital expenditures in Asia Pacific were for surface and underground development, mining equipment, tailings facility construction and infrastructure improvements. Capital expenditures in Africa were primarily related to Akyem development and the Subika expansion project at Ahafo.

Purchases of marketable securities. During the first quarter of 2012 we purchased corporate marketable debt securities of $143 (short-term $55 and long-term $88). During the first quarter of 2011, we purchased marketable equity securities of $12.

Acquisitions, net. During the first quarter of 2012 and 2011, we paid $11 and $7, respectively, of contingent payments in accordance with the 2009 Boddington acquisition agreement.

50

Proceeds from sale of other assets. During the first quarter of 2012, we received $12 from the sale of land and other assets. During the first quarter of 2011 we received $6 primarily from the sale of investments.

Financing Activities

Net cash provided from (used in) financing activities was $1,094 and $(117) during the first quarter of 2012 and 2011, respectively.

Proceeds from and repayment of debt. During the first quarter of 2012, we received net proceeds from debt of $3,346, including $1,246 under our revolving credit facility, $1,479 from the issuance of senior notes due in 2022 and $983 from the issuance of senior notes due in 2042. Proceeds from the issuance of debt were partially offset by the settlement of forward starting interest rate swaps of $362, repayment of $1,285 under our revolving credit facility, $517 for repayment of the 2012 Convertible Senior Notes and $105 related to exercising the early purchase option related to the sale-leaseback of the refractory ore treatment plant in Nevada (classified as a capital lease). At March 31, 2012, $403 of the $2,500 revolving credit facility was used to secure the issuance of letters of credit, primarily supporting reclamation obligations (see “Off-Balance Sheet Arrangements” below). During the first quarter of 2011, we repaid $31 of debt, including scheduled debt repayments of $30 related to the sale-leaseback of the refractory ore treatment plant (classified as a capital lease).

Scheduled minimum debt repayments are $69 for the remainder of 2012, $10 in 2013, $527 in 2014, $10 in 2015, $10 in 2016 and $5,524 thereafter. We expect to be able to fund debt maturities and capital expenditures from Net cash provided by operating activities, short-term investments, existing cash balances and available credit facilities.

At March 31, 2012 and 2011, we were in compliance with all required debt covenants and other restrictions related to debt agreements.

Payment of conversion premium on debt. In February 2012, we elected to pay a conversion premium of $172 upon repayment of the 2012 Convertible Senior Notes in lieu of issuing common shares.

Dividends paid to common stockholders. We declared regular quarterly dividends totaling $0.35 and $0.15 per common share for the three months ended March 31, 2012 and 2011, respectively. Additionally, Newmont Mining Corporation of Canada Limited, a subsidiary of the Company, declared regular quarterly dividends on its exchangeable shares totaling C$0.35 per share through March 31, 2012 and C$0.1489 through March 31, 2011. We paid dividends of $173 and $74 to common stockholders in the first quarter of 2012 and 2011, respectively.

Dividends paid to noncontrolling interests. During the first quarter of 2011, we paid $15 for Indonesian withholding taxes related to dividends paid to noncontrolling interests in December 2010.

Proceeds from stock issuance. We received proceeds of $2 and $3 during the first quarter of 2012 and 2011, respectively, from the issuance of common stock.

Discontinued Operations

Net operating cash used in discontinued operations of $4 in the first quarter of 2012 relates to payments on the Holt property royalty.

51

Off-Balance Sheet Arrangements

We have the following off-balance sheet arrangements: operating leases (as discussed in Note 29 to the Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2011, filed on February 24, 2012) and $1,482 of outstanding letters of credit, surety bonds and bank guarantees (see Note 25 to the Condensed Consolidated Financial Statements).

We also have sales agreements to sell copper and gold concentrates at market prices as follows (in thousands of tons):

	2012		2013		2014		2015		2016		Thereafter
Batu Hijau		328		344		518		—		—		—
Boddington		176		226		193		154		154		253
Nevada		75		—		—		—		—		—
		579		570		711		154		154		253

Environmental

Our mining and exploration activities are subject to various federal and state laws and regulations governing the protection of the environment. We have made, and expect to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures. At March 31, 2012 and December 31, 2011, $1,136 and $1,070, respectively, were accrued for reclamation costs relating to currently or recently producing mineral properties.

In addition, we are involved in several matters concerning environmental obligations associated with former mining activities. Based upon our best estimate of our liability for these matters, $197 and $170 were accrued for such obligations at March 31, 2012 and December 31, 2011, respectively. We spent $22 and $2 during the first quarter of 2012 and 2011, respectively, for environmental obligations related to the former, primarily historic, mining activities and have classified $23 as a current liability at March 31, 2012.

During the first quarter of 2012 and 2011, capital expenditures were approximately $41 and $21, respectively, to comply with environmental regulations. Ongoing costs to comply with environmental regulations have not been a significant component of operating costs.

For more information on the Company’s reclamation and remediation liabilities, see Notes 4 and 25 to the Condensed Consolidated Financial Statements.

Accounting Developments

For a discussion of Recently Adopted and Recently Issued Accounting Pronouncements, see Note 2 to the Condensed Consolidated Financial Statements.

52

Non-GAAP Financial Measures

Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by generally accepted accounting principles (“GAAP”). These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.

Adjusted net income

Management of the Company uses Adjusted net income to evaluate the Company’s operating performance, and for planning and forecasting future business operations. The Company believes the use of Adjusted net income allows investors and analysts to compare results of the continuing operations of the Company and its direct and indirect subsidiaries relating to the production and sale of minerals to similar operating results of other mining companies, by excluding exceptional or unusual items. Management’s determination of the components of Adjusted net income are evaluated periodically and based, in part, on a review of non-GAAP financial measures used by mining industry analysts. Net income attributable to Newmont stockholders is reconciled to Adjusted net income as follows:

	Three Months Ended March 31,
	2012			2011
Net income attributable to Newmont stockholders	$	490		$	514
Discontinued operations (income) loss		71			—
Impairment of assets		24			1
Net gain on asset sales		(7	)		(2	)
Adjusted net income	$	578		$	513
Adjusted net income per share, basic	$	1.17		$	1.04
Adjusted net income per share, diluted	$	1.15		$	1.02

Costs applicable to sales per ounce/pound

Costs applicable to sales per ounce/pound are non-GAAP financial measures. These measures are calculated by dividing the costs applicable to sales of gold and copper by gold ounces or copper pounds sold, respectively. These measures are calculated on a consistent basis for the periods presented on both a consolidated and attributable to Newmont basis. Attributable costs applicable to sales are based on our economic interest in production from our mines. For operations where we hold less than a 100% economic share in the production, we exclude the share of gold or copper production attributable to the noncontrolling interest. We include attributable costs applicable to sales per ounce/pound to provide management, investors and analysts with information with which to compare our performance to other gold producers. Costs applicable to sales per ounce/pound statistics are intended to provide additional information only and do not have any standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The measures are not necessarily indicative of operating profit or cash flow from operations as determined under GAAP. Other companies may calculate these measures differently.

Net attributable costs applicable to sales per ounce measures the benefit of copper produced in conjunction with gold, as a credit against the cost of producing gold. A number of other gold producers present their costs net of the contribution from copper and other non-gold sales. We believe that including a measure on this basis provides management, investors and analysts with information with which to compare our performance to other gold producers, and to better assess the overall performance of our business. In addition, this measure provides information to enable investors and analysts to understand the importance of non-gold revenues to our cost structure.

The following tables reconcile these non-GAAP measures to the most directly comparable GAAP measures.

53

Costs applicable to sales per ounce/pound

	Gold						Copper
	Three Months Ended March 31,						Three Months Ended March 31,
	2012			2011			2012			2011
Costs applicable to sales:
Consolidated per financial statements	$	902		$	823		$	115		$	117
Noncontrolling interests(1)		(91	)		(94	)		(44	)		(46	)
Attributable to Newmont	$	811		$	729		$	71		$	71
Gold/Copper sold (thousand ounces/million pounds):
Consolidated		1,455			1,478			58			105
Noncontrolling interests(1)		(181	)		(182	)		(22	)		(48	)
Attributable to Newmont		1,274			1,296			36			57
Costs applicable to sales per ounce/pound:
Consolidated	$	620		$	557		$	1.98		$	1.11
Attributable to Newmont	$	637		$	562		$	1.97		$	1.23

Net attributable costs applicable to sales per ounce

	Three Months Ended March 31,
	2012			2011
Attributable costs applicable to sales:
Gold	$	811		$	729
Copper		71			71
		882			800
Copper revenue:
Consolidated		(233	)		(422	)
Noncontrolling interests(1)		89			190
		(144	)		(232	)
Net attributable costs applicable to sales	$	738		$	568
Attributable gold ounces sold (thousands)		1,274			1,296
Net attributable costs applicable to sales per ounce	$	580		$	438

⁽¹⁾ Relates to partners’ interests in Batu Hijau and Yanacocha.

54

Operating margin per ounce/pound

Operating margin per ounce/pound are non-GAAP financial measures. These measures are calculated by subtracting the costs applicable to sales per ounce of gold and per pound of copper from the average realized gold price per ounce and copper price per pound, respectively. These measures are calculated on a consistent basis for the periods presented on a consolidated basis. Operating margin per ounce/pound statistics are intended to provide additional information only and do not have any standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The measures are not necessarily indicative of operating profit or cash flow from operations as determined under GAAP. Other companies may calculate these measures differently. Operating margin per ounce/pound is calculated as follows:

	Gold						Copper
	Three Months Ended March 31,						Three Months Ended March 31,
	2012			2011			2012			2011
Average realized price per ounce/pound	$	1,684		$	1,382		$	4.01		$	4.00
Costs applicable to sales per ounce/pound		(620	)		(557	)		(1.98	)		(1.11	)
Operating margin per ounce/pound	$	1,064		$	825		$	2.03		$	2.89

Safe Harbor Statement

Certain statements contained in this report (including information incorporated by reference) are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provided for under these sections. Our forward-looking statements include, without limitation: (a) statements regarding future earnings, and the sensitivity of earnings to gold and other metal prices; (b) estimates of future mineral production and sales for specific operations and on a consolidated basis; (c) estimates of future production costs and other expenses, for specific operations and on a consolidated basis; (d) estimates of future cash flows and the sensitivity of cash flows to gold and other metal prices; (e) estimates of future capital expenditures and other cash needs for specific operations and on a consolidated basis and expectations as to the funding thereof; (f) statements as to the projected development of certain ore deposits, including estimates of development and other capital costs, financing plans for these deposits, and expected production commencement dates; (g) estimates of future costs and other liabilities for certain environmental matters; (h) estimates of reserves, and statements regarding future exploration results and reserve replacement; (i) statements regarding modifications to Newmont’s hedge positions; (j) statements regarding future transactions relating to portfolio management or rationalization efforts; and (k) projected synergies and costs associated with acquisitions and related matters.

Where we express an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, our forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by those forward-looking statements. Important factors that could cause actual results to differ materially from such forward-looking statements (“cautionary statements”) are disclosed under “Risk Factors” in the Newmont Annual Report on Form 10-K for the year ended December 31, 2011, as well as in other filings with the Securities and Exchange Commission. Many of these factors are beyond Newmont’s ability to control or predict. Given these uncertainties, readers are cautioned not to place undue reliance on our forward-looking statements.

All subsequent written and oral forward-looking statements attributable to Newmont or to persons acting on its behalf are expressly qualified in their entirety by the cautionary statements. Newmont disclaims any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

(dollars in millions, except per ounce and per pound amounts).

Metal Prices

Changes in the market price of gold significantly affect our profitability and cash flow. Gold prices can fluctuate widely due to numerous factors, such as demand; forward selling by producers; central bank sales, purchases and lending; investor sentiment; the strength of the U.S. dollar; inflation, deflation, or other general price instability; and global mine production levels. Changes in the market price of copper also affect our profitability and cash flow. Copper is traded on established international exchanges and copper prices generally reflect market supply and demand, but can also be influenced by speculative trading in the commodity or by currency exchange rates.

Hedging

Our strategy is to provide shareholders with leverage to changes in gold and copper prices by selling our production at spot market prices. Consequently, we do not hedge our gold and copper sales. We have and will continue to manage certain risks associated with commodity input costs, interest rates and foreign currencies using the derivative market.

By using derivatives, we are affected by credit risk, market risk and market liquidity risk. Credit risk is the risk that a third party might fail to fulfill its performance obligations under the terms of a financial instrument. We mitigate credit risk by entering into derivatives with high credit quality counterparties, limiting the amount of exposure to each counterparty, and monitoring the financial condition of the counterparties. Market risk is the risk that the fair value of a derivative might be adversely affected by a change in underlying commodity prices, interest rates, or currency exchange rates, and that this in turn affects our financial condition. We manage market risk by establishing and monitoring parameters that limit the types and degree of market risk that may be undertaken. We mitigate this potential risk to our financial condition by establishing trading agreements with counterparties under which we are not required to post any collateral or make any margin calls on our derivatives. Our counterparties cannot require settlement solely because of an adverse change in the fair value of a derivative. Market liquidity risk is the risk that a derivative cannot be eliminated quickly, by either liquidating it or by establishing an offsetting position. Under the terms of our trading agreements, counterparties cannot require us to immediately settle outstanding derivatives, except upon the occurrence of customary events of default such as covenant breaches, including financial covenants, insolvency or bankruptcy. We further mitigate market liquidity risk by spreading out the maturity of our derivatives over time.

Cash Flow Hedges

We utilize foreign currency contracts to reduce the variability of the US dollar amount of forecasted foreign currency expenditures caused by changes in exchange rates. We hedge a portion of our A$ and NZ$ denominated operating expenditures which results in a blended rate realized each period. The hedging instruments are fixed forward contracts with expiration dates ranging up to five years from the date of issue. The principal hedging objective is reduction in the volatility of realized period-on-period $/A$ and $/NZ$ rates, respectively. We also utilize foreign currency contracts to hedge a portion of the Company’s A$ denominated capital expenditures related to the construction of the Akyem project in Africa and the Tanami mine shaft in Australia. The hedging instruments are fixed forward contracts with expiration dates ranging up to three years. We use diesel contracts to reduce the variability of our operating cost exposure related to diesel prices of fuel consumed at our Nevada operations. We utilize forward starting swap contracts to hedge against adverse movements in interest rates related to an expected debt issuance. All of the currency, diesel and forward starting swap contracts have been designated as cash flow hedges of future expenditures, and as such, changes in the market value have been recorded in Accumulated other comprehensive income. Gains and losses from hedge ineffectiveness are recognized in current earnings.

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Foreign Currency Exchange Risk

We had the following foreign currency derivative contracts outstanding at March 31, 2012:

	Expected Maturity Date
	2012			2013			2014			2015			2016			2017			Total Average
A$ Operating Fixed Forward Contracts:
A$ notional (millions)		935			987			701			407			202			11			3,243
Average rate ($/A$)		0.92			0.92			0.90			0.88			0.89			0.89			0.91
Expected hedge ratio		77	%		64	%		46	%		29	%		14	%		4	%
A$ Capital Fixed Forward Contracts:
A$ notional (millions)		42			51			22			—			—			—			115
Average rate ($/A$)		1.00			0.98			0.96			—			—			—			0.98
Expected hedge ratio		41	%		24	%		48	%		—			—			—
NZ$ Operating Fixed Forward Contracts:
NZ$ notional (millions)		48			29			2			—			—			—			79
Average rate ($/NZ$)		0.76			0.78			0.77			—			—			—			0.77
Expected hedge ratio		48	%		23	%		5	%		—			—			—

The fair value of the A$ foreign currency operating derivative contracts was a net asset position of $226 and $223 at March 31, 2012 and December 31, 2011, respectively. The fair value of the NZ$ foreign currency derivative contracts was a net asset position of $3 and $1 at March 31, 2012 and December 31, 2011, respectively. The fair value of the A$ capital foreign currency contracts was a net asset position and net liability position of $2 and $1 at March 31, 2012 and December 31, 2011, respectively.

Diesel Price Risk

We had the following diesel derivative contracts outstanding at March 31, 2012:

	Expected Maturity Date
	2012			2013			2014			2015			Total Average
Diesel Fixed Forward Contracts:
Diesel gallons (millions)		20			14			6			1			41
Average rate ($/gallon)		2.89			2.94			2.91			3			2.90
Expected hedge ratio		60	%		32	%		14	%		5	%

The fair value of the diesel derivative contracts was a net asset of $11 and $1 at March 31, 2012 and December 31, 2011, respectively.

Forward Starting Swap Contracts

During 2011, we entered into forward starting interest rate swap contracts with a total notional value of $2,000. These contracts hedged movements in treasury rates related to a debt issuance that occurred in the first quarter of 2012. On March 8, 2012, we closed its sale of $2,500 senior notes consisting of 3.5% senior notes due 2022 in the principal amount of $1,500 (10-year notes), and 4.875% senior notes due 2042 in the principal amount of $1,000 (30-year notes). As a result of the debt issued, the forward-starting interest rate swaps were settled. The total settlement amount of these swaps was $362, of which $349 represents the effective portion of the hedging instrument included in Accumulated other comprehensive income. The net proceeds from the debt issuance were adjusted by the settlement amount of the swap contracts and included as a financing activity in the Condensed Consolidated Statements of Cash Flow.

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Fair Value Hedges

Interest Rate Risk

During the first quarter of 2011, we had $222 fixed to floating swap contracts designated as a hedge against our 8 5/8% debentures due May 2011.

Commodity Price Risk

Our provisional copper and gold sales contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of the gold and copper concentrates at the prevailing indices’ prices at the time of sale. The embedded derivative, which does not qualify for hedge accounting, is marked to market through earnings each period prior to final settlement.

LME copper prices averaged $3.77 per pound during the first quarter of 2012, compared with our recorded average provisional price of $3.75 per pound before mark-to-market gains and treatment and refining charges. During the first quarter of 2012, changes in copper prices resulted in a provisional pricing mark-to-market gain of $31 ($0.53 per pound). At March 31, 2012, we had copper sales of 58 million pounds priced at an average of $3.83 per pound, subject to final pricing over the next several months. Each $0.10 change in the price for provisionally priced sales would have an approximate $2 effect on our Net income attributable to Newmont stockholders.

The average London P.M. fix for gold was $1,691 per ounce during the first quarter of 2012, consistent with our recorded average provisional price before mark-to-market gains and treatment and refining charges. During the first quarter of 2012, changes in gold prices resulted in a provisional pricing mark-to-market gain of $6 ($4 per ounce). At March 31, 2012, we had gold sales of 95,000 ounces priced at an average of $1,663 per ounce, subject to final pricing over the next several months. Each $25 change in the price for provisionally priced gold sales would have an approximate $1 effect on our Net income attributable to Newmont stockholders.

ITEM 4. CONTROLS AND PROCEDURES.

During the fiscal period covered by this report, the Company’s management, with the participation of the Chief Executive Officer and Chief Financial Officer of the Company, carried out an evaluation of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)). Based on such evaluation, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of the period covered by this report, the Company’s disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the required time periods and are designed to ensure that information required to be disclosed in its reports is accumulated and communicated to the Company’s management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

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PART II—OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

Information regarding legal proceedings is contained in Note 25 to the Condensed Consolidated Financial Statements contained in this Report and is incorporated herein by reference.

ITEM 1A. RISK FACTORS.

There were no material changes to the risk factors disclosed in Item 1A of Part 1 in our Annual Report on Form 10-K for the year ended December 31, 2011, as filed with the SEC on February 24, 2012.

ITEM 2. ISSUER PURCHASES OF EQUITY SECURITIES.

Period	(a) Total Number of Shares Purchased			(b) Average Price Paid Per Share		(c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs		( d) Maximum Number (or Approximate Dollar Value) of Shares that may yet be Purchased under the Plans or Programs
January 1, 2012 through January 31, 2012		—			—		—	N/A
February 1, 2012 through February 29, 2012		582	(1)		63.57		—	N/A
March 1, 2012 through March 31, 2012		—			—		—	N/A

⁽¹⁾  Represents shares delivered to the Company from restricted stock units held by a Company employee upon vesting for purpose of covering the recipient’s tax withholding obligations.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES

At Newmont, safety is a core value and we strive for superior performance. Our health and safety management system, which includes detailed standards and procedures for safe production, addresses topics such as employee training, risk management, workplace inspection, emergency response, accident investigation and program auditing. In addition to strong leadership and involvement from all levels of the organization, these programs and procedures form the cornerstone of safety at Newmont, ensuring that employees are provided a safe and healthy environment and are intended to reduce workplace accidents, incidents and losses, comply with all mining-related regulations and provide support for both regulators and the industry to improve mine safety.

In addition, we have established our “Rapid Response” process to mitigate and prevent the escalation of adverse consequences if existing risk management controls fail, particularly if an incident may have the potential to seriously impact the safety of employees, the community or the environment. This process provides appropriate support to an affected site to complement their technical response to an incident, so as to reduce the impact by considering the environmental, strategic, legal, financial and public image aspects of the incident, to ensure communications are being carried out in accordance with legal and ethical requirements and to identify actions in addition to those addressing the immediate hazards.

The operation of our U.S. based mines is subject to regulation by the Federal Mine Safety and Health Administration (“MSHA”) under the Federal Mine Safety and Health Act of 1977 (the “Mine Act”). MSHA inspects our mines on a regular basis and issues various citations and orders when it believes a violation has occurred under the Mine Act. Following passage of The Mine Improvement and New Emergency Response Act of 2006, MSHA significantly increased the numbers of citations and orders charged against mining operations. The dollar penalties assessed for citations issued has also increased in recent years.

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Newmont is required to report certain mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 104 of Regulation S-K, and that required information is included in Exhibit 95 and is incorporated by reference into this Quarterly Report.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

(a) The exhibits to this report are listed in the Exhibit Index.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	NEWMONT MINING CORPORATION (Registrant)
Date: April 26, 2012	/s/ RUSSELL BALL
	Russell Ball Executive Vice President and Chief Financial Officer (Principal Financial Officer)
Date: April 26, 2012	/s/ DAVID OTTEWELL
	David Ottewell Vice President and Controller (Principal Accounting Officer)

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EXHIBIT INDEX

Exhibit Number		Description
10.1	—	2012 Form of Award Agreement used for Executive Officers to grant restricted stock units, pursuant to Registrant’s 2005 Stock Incentive Plan, filed herewith.
10.2	—	2012 Form of Award Agreement used for Executive Officers to grant restricted stock units, pursuant to Registrant’s 2005 Stock Incentive Plan, filed herewith.
12.1	—	Computation of Ratio of Earnings to Fixed Charges, filed herewith.
31.1	—	Certification Pursuant to Rule 13A-14 or 15-D-14 of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 signed by the Principal Executive Officer, filed herewith.
31.2	—	Certification Pursuant to Rule 13A-14 or 15-D-14 of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 signed by the Chief Financial Officer, filed herewith.
32.1	—	Statement Required by 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 signed by the Principal Executive Officer, filed herewith. (1)
32.2	—	Statement Required by 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 signed by the Chief Financial Officer, filed herewith. (1)
95	—	Information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, filed herewith.
101	—	101.INS          XBRL Instance 101.SCH         XBRL Taxonomy Extension Schema 101.CAL         XBRL Taxonomy Extension Calculation 101.LAB         XBRL Taxonomy Extension Labels 101.PRE          XBRL Taxonomy Extension Presentation 101.DEF          XBRL Taxonomy Extension Definition

⁽¹⁾  This document is being furnished in accordance with SEC Release Nos. 33-8212 and 34-47551.

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EX-10.1

Exhibit 10.1

NEWMONT MINING CORPORATION

2005 STOCK INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

This Agreement (“Agreement”), dated March 2, 2012, is made between Newmont Mining Corporation (“Newmont”) and “Executive,” as specified in his or her Grant Summary and Grant Acknowledgment (collectively, the “Grant Acknowledgment”). The Grant Acknowledgment is set forth on the BNY Mellon Shareowner Services—Employee ServiceDirect webpage.

The Grant Acknowledgment is incorporated by reference herein. This Agreement shall be deemed executed by Executive upon his or her electronic execution of the Grant Acknowledgment. All capitalized terms that are not defined herein shall have the meaning as defined in the Newmont Mining Corporation 2005 Stock Incentive Plan (“Plan”).

1. Award of Restricted Stock Units. Newmont hereby grants to Executive the right to receive from Newmont the number of shares of $1.60 par value Common Stock of Newmont (the “Restricted Stock Units” or “RSU’s”) (rounded down to the nearest whole share) specified in the Grant Acknowledgment, pursuant to the terms and subject to the conditions and restrictions set forth in this Agreement and the Plan, including the Vesting Period, as such term is defined in this Agreement, and in connection with such award, Newmont and Executive hereby agree as follows:

2. Vesting Period. The Vesting Period shall commence on the date of this Agreement and shall end on the dates set forth below as to that percentage of the total shares of Common Stock subject to this Agreement set forth opposite each such date:

Date	Percentage Vested
March 2, 2013		50	%
March 2, 2014		50	%

3. Termination of Employment for death, disability, and following change of control. Notwithstanding the foregoing, if (i) Executive dies, (ii) Executive’s employment by Newmont or any Subsidiary terminates by reason of (a) disability (as determined under the terms of the Long-Term Disability Plan of Newmont), (b) or (c) termination of employment entitling Executive to benefits under the applicable Executive Change of Control Plan of Newmont , in any such case prior to the completion of the Vesting Period, the Vesting Period shall terminate, and all RSUs not theretofore forfeited in accordance with this Agreement shall become fully vested and nonforfeitable, as of the date of Executive’s death or other termination of employment, referred to in clause (i) or (ii).

Separation of Employment under the Executive Severance Plan of Newmont or Retirement. Notwithstanding the foregoing, if Executive ceases to be employed by Newmont and/or a Subsidiary prior to completion of the Vesting Period as a result of: a) a termination of employment entitling Executive to benefits under the Executive Severance Plan of Newmont, or; b) retirement under Newmont’s Pension Plan entitling Executive to an immediate pension (not including stable value retirement unless Executive has reached the age of 65 or retirement under the International Retirement Plan of Newmont (“IRP”) entitling Executive to 100% vesting in the IRP supplemental amount), the Vesting Period shall terminate for a pro-rata percentage of the shares granted, based upon the date of grant and separation date, in accordance with the following formula:

If Executive ceases to be employed by Newmont and/or a Subsidiary prior to the completion of the Vesting Period under circumstances other than those set forth above, namely death, disability, termination qualifying for benefits under the Executive Change of Control Plan of Newmont applicable to Executive or separation qualifying for benefits under the Executive Severance Plan of Newmont or retirement as stated above, Executive agrees that any unvested RSUs will be immediately and unconditionally forfeited without any action required by Executive or Newmont, to the extent that the Vesting Period had not ended in accordance with Paragraph 2 as of the date of such cessation of employment.

4. No Ownership Rights Prior to Issuance of Common Stock. Executive shall not have any rights as a shareholder of Newmont with respect to the shares of Common Stock underlying the RSUs, including but not limited to the right to vote with respect to such shares of Common Stock, until and after the shares of Common Stock have been actually issued to Executive and transferred on the books and records of Newmont; provided, however, upon vesting of the RSUs pursuant to the Vesting Period, or Executive’s earlier termination of employment under circumstances entitling Executive to vest in the RSUs pursuant to Paragraph 3, Newmont shall make a cash payment to the Executive equal to any dividends paid with respect to shares of Common Stock underlying such RSUs from the date of this Agreement until the date such RSUs vest, minus any applicable taxes.

5. Withholding Taxes. Upon vesting pursuant to the Vesting Period, or Executive’s earlier termination of employment under circumstances entitling Executive to vest in the RSUs pursuant to Paragraph 3, Executive shall be entitled to receive the shares of Common Stock, less an amount of shares of Common Stock with a Fair Market Value on the date of vesting equal to the minimum required withholding obligation taking into account Executive’s effective tax rate and all applicable federal, state, local and foreign taxes, and Executive shall be entitled to receive the net number of shares of Common Stock after withholding of shares for taxes unless such tax obligations are satisfied in accordance with Paragraph 6. Notwithstanding the foregoing, to the extent any such taxes are required by law to be withheld with respect to the Restricted Stock Units prior to the end of the Vesting Period, Executive agrees that Newmont may withhold such amount for taxes through payroll services from other cash compensation payable to Executive from Newmont.

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6. Delivery of Shares of Common Stock. As soon as reasonably practicable following the date of vesting pursuant to the Vesting Period, or Executive’s earlier termination of employment or other event entitling Executive to vest in the RSUs pursuant to Paragraph 3, subject to Section 9(i), Newmont shall cause to be delivered to Executive a stock certificate or electronically deliver shares through a direct registration system for the number of shares of Common Stock (net of tax withholding as provided in Paragraph 5) deliverable to Executive in accordance with the provisions of this Agreement; provided, however, that Newmont may allow Executive to elect to have shares of Common Stock, which are deliverable in accordance with the provisions of this Agreement upon vesting (or a portion of such shares at least sufficient to satisfy Executive’s tax withholding obligations with respect to such Common Stock), sold on behalf of Executive, with the cash proceeds thereof, net of tax withholding, remitted to Executive, in lieu of Executive receiving a stock certificate or electronic delivery of shares in a direct registration system.

7. Nontransferability. Executive’s interest in the RSUs and any shares of Common Stock relating thereto may not be sold, transferred, pledged, assigned, encumbered or otherwise alienated or hypothecated otherwise than by will or by the laws of descent and distribution, prior to such time as the shares of Common Stock have actually been issued and delivered to Executive.

8. Acknowledgements. Executive acknowledges receipt of and understands and agrees to the terms of the RSUs award and the Plan. In addition to the above terms, Executive understands and agrees to the following:

(a) Executive hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all of the terms and provisions thereof, including the terms and provisions adopted after the date of this Agreement but prior to the completion of the Vesting Period. If and to the extent that any provision contained in this Agreement is inconsistent with the Plan, the Plan shall govern.

(b) Executive acknowledges that as of the date of this Agreement, the Agreement, the Grant Acknowledgement and the Plan set forth the entire understanding between Executive and Newmont regarding the acquisition of shares of Common Stock underlying the RSUs in Newmont and supersedes all prior oral and written agreements pertaining to the RSUs.

(c) Executive understands that his or her employer, Newmont and its Subsidiaries hold certain personal information about Executive, including but not limited to his or her name, home address, telephone number, date of birth, social security number, salary, nationality, job title and details of all RSUs or other entitlement to shares of Common Stock awarded, canceled, exercised, vested, unvested or outstanding (“personal data”). Certain personal data may also constitute “sensitive personal data” within the meaning of applicable law. Such data include but are not limited to the information provided above and any changes thereto and other appropriate personal and financial data about Executive. Executive hereby gives explicit consent to Newmont and any of its Subsidiaries to process any such personal data and/or sensitive personal data. Executive also hereby gives explicit consent to Newmont to transfer any such personal data and/or sensitive personal data outside the country in which Executive is employed, including, but not limited to the United States. The legal persons for whom such personal data are intended include, but are not limited to Newmont and its agent, Mellon Investor Services. Executive has been informed of his or her right of access and correction to his or her personal data by applying to Director of Compensation, Newmont Corporate.

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(d) Executive understands that Newmont has reserved the right to amend or terminate the Plan at any time, and that the award of RSUs under the Plan at one time does not in any way obligate Newmont or its Subsidiaries to grant additional RSUs in any future year or in any given amount. Executive acknowledges and understands that the RSUs are awarded in connection with Executive’s status as an employee of his or her employer and can in no event be interpreted or understood to mean that Newmont is Executive’s employer or that there is an employment relationship between Executive and Newmont. Executive further acknowledges and understands that Executive’s participation in the Plan is voluntary and that the RSUs and any future RSUs under the Plan are wholly discretionary in nature, the value of which do not form part of any normal or expected compensation for any purposes, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, other than to the extent required by local law.

(e) Executive acknowledges and understands that the future value of the shares of Common Stock acquired by Executive under the Plan is unknown and cannot be predicted with certainty and that no claim or entitlement to compensation or damages arises from the forfeiture of the RSUs or termination of the Plan or the diminution in value of any shares of Common Stock acquired under the Plan and Executive irrevocably releases Newmont and its Subsidiaries from any such claim that may arise.

(f) Executive acknowledges that the vesting of the RSUs ceases upon the earlier of termination of employment or receipt of notice of termination of employment for any reason, except as may otherwise be explicitly provided herein, and the Executive irrevocably waives any right to the contrary under applicable law.

(g) Executive acknowledges that the Executive’s acceptance of the RSUs, including the terms and conditions herein, is voluntary.

9. Miscellaneous

(a) No Right to Continued Employment. Neither the RSUs nor any terms contained in this Agreement shall confer upon Executive any expressed or implied right to be retained in the service of any Subsidiary for any period at all, nor restrict in any way the right of any such Subsidiary, which right is hereby expressly reserved, to terminate his or her employment at any time with or without cause. Executive acknowledges and agrees that any right to receive delivery of shares of Common Stock is earned only by continuing as an employee of a Subsidiary at the will of such Subsidiary, or satisfaction of any other applicable terms and conditions contained in this Agreement and the Plan, and not through the act of being hired, being granted the RSUs or acquiring shares of Common Stock hereunder.

(b) Compliance with Laws and Regulations. The award of the RSUs to Executive and the obligation of Newmont to deliver shares of Common Stock hereunder shall be subject to (a) all applicable federal, state, local and foreign laws, rules and regulations, and (b) any registration, qualification, approvals or other requirements imposed by any government or regulatory agency or body which the Newmont Committee shall, in its sole discretion, determine to be necessary or applicable. Moreover, shares of Common Stock shall not be delivered hereunder if such delivery would be contrary to applicable law or the rules of any stock exchange.

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(c) Investment Representation. If at the time of delivery of shares of Common Stock, the Common Stock is not registered under the Securities Act of 1933, as amended (the “Securities Act”), and/or there is no current prospectus in effect under the Securities Act with respect to the Common Stock, Executive shall execute, prior to the delivery of any shares of Common Stock to Executive by Newmont, an agreement (in such form as the Newmont Committee may specify) in which Executive represents and warrants that Executive is purchasing or acquiring the shares acquired under this Agreement for Executive’s own account, for investment only and not with a view to the resale or distribution thereof, and represents and agrees that any subsequent offer for sale or distribution of any kind of such shares shall be made only pursuant to either (i) a registration statement on an appropriate form under the Securities Act, which registration statement has become effective and is current with regard to the shares being offered or sold, or (ii) a specific exemption from the registration requirements of the Securities Act, but in claiming such exemption Executive shall, prior to any offer for sale of such shares, obtain a prior favorable written opinion, in form and substance satisfactory to the Newmont Committee, from counsel for or approved by the Newmont Committee, as to the applicability of such exemption thereto.

(d) Definitions. All capitalized terms that are used in this Agreement that are not defined herein have the meanings defined in the Plan. In the event of a conflict between the terms of the Plan and the terms of this Agreement, the terms of the Plan shall prevail.

(e) Notices. Any notice or other communication required or permitted hereunder shall, if to Newmont, be in accordance with the Plan, and, if to Executive, be in writing and delivered in person or by registered or certified mail or overnight courier, postage prepaid, addressed to Executive at his or her last known address as set forth in Newmont’s records.

(f) Severability. If any of the provisions of this Agreement should be deemed unenforceable, the remaining provisions shall remain in full force and effect.

(g) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.

(h) Transferability of Agreement. This Agreement may not be transferred, assigned, pledged or hypothecated by either party hereto, other than by operation of law. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns, including, in the case of Executive, his or her estate, heirs, executors, legatees, administrators, designated beneficiary and personal representatives. Nothing contained in this Agreement shall be deemed to prevent transfer of the RSUs in the event of Executive’s death in accordance with Section 16(b) of the Plan.

(i) Specified Employee Delay. If Newmont determines that settlement of RSUs hereunder (i) constitutes a deferral of compensation for purposes of Section 409A of the Internal Revenue Code (the “Code”), (ii) is made to Executive by reason of his or her “separation from service” (within the meaning of Code Section 409A), and (iii) Executive is a “specified employee” (within the meaning of Code Section 409A) at the time settlement would otherwise occur, transfers of Common Stock will be delayed until the first day of the seventh month following the date of such separation from service or, if earlier, on Executive’s death.

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(j) Modification. Except as otherwise permitted by the Plan, this Agreement may not be modified or amended, nor may any provision hereof be waived, in any way except in writing signed by the parties hereto. Notwithstanding any other provision of this Agreement to the contrary, the Committee may amend this Agreement to the extent it determines necessary or appropriate to comply with the requirements of Code Section 409A and the guidance thereunder and any such amendment shall be binding on Executive.

IN WITNESS WHEREOF, pursuant to Executive’s Grant Acknowledgement (including without limitation, the Terms and Conditions section hereof), incorporated herein by reference, and electronically executed by Executive, Executive agrees to the terms and conditions of this Award Agreement.

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EX-10.2

Exhibit 10.2

NEWMONT MINING CORPORATION

2005 STOCK INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

This Agreement (“Agreement”), dated March 2, 2012, is made between Newmont Mining Corporation (“Newmont”) and “Executive,” as specified in his or her Grant Summary and Grant Acknowledgment (collectively, the “Grant Acknowledgment”). The Grant Acknowledgment is set forth on the BNY Mellon Shareowner Services—Employee ServiceDirect webpage.

The Grant Acknowledgment is incorporated by reference herein. This Agreement shall be deemed executed by Executive upon his or her electronic execution of the Grant Acknowledgment. All capitalized terms that are not defined herein shall have the meaning as defined in the Newmont Mining Corporation 2005 Stock Incentive Plan (“Plan”).

1. Award of Restricted Stock Units. Newmont hereby grants to Executive the right to receive from Newmont the number of shares of $1.60 par value Common Stock of Newmont (the “Restricted Stock Units” or “RSU’s”) (rounded down to the nearest whole share) specified in the Grant Acknowledgment, pursuant to the terms and subject to the conditions and restrictions set forth in this Agreement and the Plan, including the Vesting Period, as such term is defined in this Agreement, and in connection with such award, Newmont and Executive hereby agree as follows:

2. Vesting Period. The Vesting Period shall commence on the date of this Agreement and shall end on the dates set forth below as to that percentage of the total shares of Common Stock subject to this Agreement set forth opposite each such date:

Date	Percentage Vested
March 2, 2013		33	%
March 2, 2014		33	%
March 2, 2015		34	%

3. Termination of Employment for death, disability, and following change of control. Notwithstanding the foregoing, if (i) Executive dies, (ii) Executive’s employment by Newmont or any Subsidiary terminates by reason of (a) disability (as determined under the terms of the Long-Term Disability Plan of Newmont), (b) or (c) termination of employment entitling Executive to benefits under the applicable Executive Change of Control Plan of Newmont , in any such case prior to the completion of the Vesting Period, the Vesting Period shall terminate, and all RSUs not theretofore forfeited in accordance with this Agreement shall become fully vested and nonforfeitable, as of the date of Executive’s death or other termination of employment, referred to in clause (i) or (ii).

Separation of Employment under the Executive Severance Plan of Newmont or Retirement. Notwithstanding the foregoing, if Executive ceases to be employed by Newmont and/or a Subsidiary prior to completion of the Vesting Period as a result of: a) a termination of employment entitling Executive to benefits under the Executive Severance Plan of Newmont, or; b) retirement under Newmont’s Pension Plan entitling Executive to an immediate pension (not including stable value retirement unless Executive has reached the age of 65 or retirement under the International Retirement Plan of Newmont (“IRP”) entitling Executive to 100% vesting in the IRP supplemental amount), the Vesting Period shall terminate for a pro-rata percentage of the shares granted, based upon the date of grant and separation date, in accordance with the following formula:

If Executive ceases to be employed by Newmont and/or a Subsidiary prior to the completion of the Vesting Period under circumstances other than those set forth above, namely death, disability, termination qualifying for benefits under the Executive Change of Control Plan of Newmont applicable to Executive or separation qualifying for benefits under the Executive Severance Plan of Newmont or retirement as stated above, Executive agrees that any unvested RSUs will be immediately and unconditionally forfeited without any action required by Executive or Newmont, to the extent that the Vesting Period had not ended in accordance with Paragraph 2 as of the date of such cessation of employment.

4. No Ownership Rights Prior to Issuance of Common Stock. Executive shall not have any rights as a shareholder of Newmont with respect to the shares of Common Stock underlying the RSUs, including but not limited to the right to vote with respect to such shares of Common Stock, until and after the shares of Common Stock have been actually issued to Executive and transferred on the books and records of Newmont; provided, however, upon vesting of the RSUs pursuant to the Vesting Period, or Executive’s earlier termination of employment under circumstances entitling Executive to vest in the RSUs pursuant to Paragraph 3, Newmont shall make a cash payment to the Executive equal to any dividends paid with respect to shares of Common Stock underlying such RSUs from the date of this Agreement until the date such RSUs vest, minus any applicable taxes.

5. Withholding Taxes. Upon vesting pursuant to the Vesting Period, or Executive’s earlier termination of employment under circumstances entitling Executive to vest in the RSUs pursuant to Paragraph 3, Executive shall be entitled to receive the shares of Common Stock, less an amount of shares of Common Stock with a Fair Market Value on the date of vesting equal to the minimum required withholding obligation taking into account Executive’s effective tax rate and all applicable federal, state, local and foreign taxes, and Executive shall be entitled to receive the net number of shares of Common Stock after withholding of shares for taxes unless such tax obligations are satisfied in accordance with Paragraph 6. Notwithstanding the foregoing, to the extent any such taxes are required by law to be withheld with respect to the Restricted Stock Units prior to the end of the Vesting Period, Executive agrees that Newmont may withhold such amount for taxes through payroll services from other cash compensation payable to Executive from Newmont.

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6. Delivery of Shares of Common Stock. As soon as reasonably practicable following the date of vesting pursuant to the Vesting Period, or Executive’s earlier termination of employment or other event entitling Executive to vest in the RSUs pursuant to Paragraph 3, subject to Section 9(i), Newmont shall cause to be delivered to Executive a stock certificate or electronically deliver shares through a direct registration system for the number of shares of Common Stock (net of tax withholding as provided in Paragraph 5) deliverable to Executive in accordance with the provisions of this Agreement; provided, however, that Newmont may allow Executive to elect to have shares of Common Stock, which are deliverable in accordance with the provisions of this Agreement upon vesting (or a portion of such shares at least sufficient to satisfy Executive’s tax withholding obligations with respect to such Common Stock), sold on behalf of Executive, with the cash proceeds thereof, net of tax withholding, remitted to Executive, in lieu of Executive receiving a stock certificate or electronic delivery of shares in a direct registration system.

7. Nontransferability. Executive’s interest in the RSUs and any shares of Common Stock relating thereto may not be sold, transferred, pledged, assigned, encumbered or otherwise alienated or hypothecated otherwise than by will or by the laws of descent and distribution, prior to such time as the shares of Common Stock have actually been issued and delivered to Executive.

8. Acknowledgements. Executive acknowledges receipt of and understands and agrees to the terms of the RSUs award and the Plan. In addition to the above terms, Executive understands and agrees to the following:

(a) Executive hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all of the terms and provisions thereof, including the terms and provisions adopted after the date of this Agreement but prior to the completion of the Vesting Period. If and to the extent that any provision contained in this Agreement is inconsistent with the Plan, the Plan shall govern.

(b) Executive acknowledges that as of the date of this Agreement, the Agreement, the Grant Acknowledgement and the Plan set forth the entire understanding between Executive and Newmont regarding the acquisition of shares of Common Stock underlying the RSUs in Newmont and supersedes all prior oral and written agreements pertaining to the RSUs.

(c) Executive understands that his or her employer, Newmont and its Subsidiaries hold certain personal information about Executive, including but not limited to his or her name, home address, telephone number, date of birth, social security number, salary, nationality, job title and details of all RSUs or other entitlement to shares of Common Stock awarded, canceled, exercised, vested, unvested or outstanding (“personal data”). Certain personal data may also constitute “sensitive personal data” within the meaning of applicable law. Such data include but are not limited to the information provided above and any changes thereto and other appropriate personal and financial data about Executive. Executive hereby gives explicit consent to Newmont and any of its Subsidiaries to process any such personal data and/or sensitive personal data. Executive also hereby gives explicit consent to Newmont to transfer any such personal data and/or sensitive personal data outside the country in which Executive is employed, including, but not limited to the United States. The legal persons for whom such personal data are intended include, but are not limited to Newmont and its agent, Mellon Investor Services. Executive has been informed of his or her right of access and correction to his or her personal data by applying to Director of Compensation, Newmont Corporate.

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(d) Executive understands that Newmont has reserved the right to amend or terminate the Plan at any time, and that the award of RSUs under the Plan at one time does not in any way obligate Newmont or its Subsidiaries to grant additional RSUs in any future year or in any given amount. Executive acknowledges and understands that the RSUs are awarded in connection with Executive’s status as an employee of his or her employer and can in no event be interpreted or understood to mean that Newmont is Executive’s employer or that there is an employment relationship between Executive and Newmont. Executive further acknowledges and understands that Executive’s participation in the Plan is voluntary and that the RSUs and any future RSUs under the Plan are wholly discretionary in nature, the value of which do not form part of any normal or expected compensation for any purposes, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, other than to the extent required by local law.

(e) Executive acknowledges and understands that the future value of the shares of Common Stock acquired by Executive under the Plan is unknown and cannot be predicted with certainty and that no claim or entitlement to compensation or damages arises from the forfeiture of the RSUs or termination of the Plan or the diminution in value of any shares of Common Stock acquired under the Plan and Executive irrevocably releases Newmont and its Subsidiaries from any such claim that may arise.

(f) Executive acknowledges that the vesting of the RSUs ceases upon the earlier of termination of employment or receipt of notice of termination of employment for any reason, except as may otherwise be explicitly provided herein, and the Executive irrevocably waives any right to the contrary under applicable law.

(g) Executive acknowledges that the Executive’s acceptance of the RSUs, including the terms and conditions herein, is voluntary.

9. Miscellaneous

(a) No Right to Continued Employment. Neither the RSUs nor any terms contained in this Agreement shall confer upon Executive any expressed or implied right to be retained in the service of any Subsidiary for any period at all, nor restrict in any way the right of any such Subsidiary, which right is hereby expressly reserved, to terminate his or her employment at any time with or without cause. Executive acknowledges and agrees that any right to receive delivery of shares of Common Stock is earned only by continuing as an employee of a Subsidiary at the will of such Subsidiary, or satisfaction of any other applicable terms and conditions contained in this Agreement and the Plan, and not through the act of being hired, being granted the RSUs or acquiring shares of Common Stock hereunder.

(b) Compliance with Laws and Regulations. The award of the RSUs to Executive and the obligation of Newmont to deliver shares of Common Stock hereunder shall be subject to (a) all applicable federal, state, local and foreign laws, rules and regulations, and (b) any registration, qualification, approvals or other requirements imposed by any government or regulatory agency or body which the Newmont Committee shall, in its sole discretion, determine to be necessary or applicable. Moreover, shares of Common Stock shall not be delivered hereunder if such delivery would be contrary to applicable law or the rules of any stock exchange.

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(c) Investment Representation. If at the time of delivery of shares of Common Stock, the Common Stock is not registered under the Securities Act of 1933, as amended (the “Securities Act”), and/or there is no current prospectus in effect under the Securities Act with respect to the Common Stock, Executive shall execute, prior to the delivery of any shares of Common Stock to Executive by Newmont, an agreement (in such form as the Newmont Committee may specify) in which Executive represents and warrants that Executive is purchasing or acquiring the shares acquired under this Agreement for Executive’s own account, for investment only and not with a view to the resale or distribution thereof, and represents and agrees that any subsequent offer for sale or distribution of any kind of such shares shall be made only pursuant to either (i) a registration statement on an appropriate form under the Securities Act, which registration statement has become effective and is current with regard to the shares being offered or sold, or (ii) a specific exemption from the registration requirements of the Securities Act, but in claiming such exemption Executive shall, prior to any offer for sale of such shares, obtain a prior favorable written opinion, in form and substance satisfactory to the Newmont Committee, from counsel for or approved by the Newmont Committee, as to the applicability of such exemption thereto.

(d) Definitions. All capitalized terms that are used in this Agreement that are not defined herein have the meanings defined in the Plan. In the event of a conflict between the terms of the Plan and the terms of this Agreement, the terms of the Plan shall prevail.

(e) Notices. Any notice or other communication required or permitted hereunder shall, if to Newmont, be in accordance with the Plan, and, if to Executive, be in writing and delivered in person or by registered or certified mail or overnight courier, postage prepaid, addressed to Executive at his or her last known address as set forth in Newmont’s records.

(f) Severability. If any of the provisions of this Agreement should be deemed unenforceable, the remaining provisions shall remain in full force and effect.

(g) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.

(h) Transferability of Agreement. This Agreement may not be transferred, assigned, pledged or hypothecated by either party hereto, other than by operation of law. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns, including, in the case of Executive, his or her estate, heirs, executors, legatees, administrators, designated beneficiary and personal representatives. Nothing contained in this Agreement shall be deemed to prevent transfer of the RSUs in the event of Executive’s death in accordance with Section 16(b) of the Plan.

(i) Specified Employee Delay. If Newmont determines that settlement of RSUs hereunder (i) constitutes a deferral of compensation for purposes of Section 409A of the Internal Revenue Code (the “Code”), (ii) is made to Executive by reason of his or her “separation from service” (within the meaning of Code Section 409A), and (iii) Executive is a “specified employee” (within the meaning of Code Section 409A) at the time settlement would otherwise occur, transfers of Common Stock will be delayed until the first day of the seventh month following the date of such separation from service or, if earlier, on Executive’s death.

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(j) Modification. Except as otherwise permitted by the Plan, this Agreement may not be modified or amended, nor may any provision hereof be waived, in any way except in writing signed by the parties hereto. Notwithstanding any other provision of this Agreement to the contrary, the Committee may amend this Agreement to the extent it determines necessary or appropriate to comply with the requirements of Code Section 409A and the guidance thereunder and any such amendment shall be binding on Executive.

IN WITNESS WHEREOF, pursuant to Executive’s Grant Acknowledgement (including without limitation, the Terms and Conditions section hereof), incorporated herein by reference, and electronically executed by Executive, Executive agrees to the terms and conditions of this Award Agreement.

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EX-12.1

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, 2012
Earnings:
Income before income and mining tax and other items (1)	$	1,036
Adjustments:
Fixed charges added to earnings		58
Dividends from equity affiliates		10
Amortization of capitalized interest		6
	$	1,110
Fixed Charges:
Net interest expense (2)	$	52
Portion of rental expense representative of interest		6
Fixed charges added to earnings		58
Capitalized interest		24
	$	82
Ratio of earnings to fixed charges		13.5

⁽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.

EX-31.1

Exhibit 31.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

(Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002)

I, Richard T. O’Brien, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Newmont Mining Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/S/ RICHARD T. O’ BRIEN

Richard T. O’Brien

Chief Executive Officer

April 26, 2012

EX-31.2

Exhibit 31.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

(Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002)

I, Russell Ball, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Newmont Mining Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/S/ RUSSELL BALL

    Russell Ball

Chief Financial Officer

April 26, 2012

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

(Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002)

In connection with the Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 of Newmont Mining Corporation (the “Company”) as filed with the Securities and Exchange Commission on the date hereof (the “Report”) and pursuant to 18. U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, Richard T. O’Brien, Chief Executive Officer of the Company, certify, that to my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ RICHARD T. O’BRIEN
	Richard T. O’Brien Chief Executive Officer

April 26, 2012

Note: A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

(Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002)

In connection with the Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 of Newmont Mining Corporation (the “Company”) as filed with the Securities and Exchange Commission on the date hereof (the “Report”) and pursuant to 18. U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, Russell Ball, Chief Financial Officer of the Company, certify, that to my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/S/ RUSSELL BALL

Russell Ball

Chief Financial Officer

April 26, 2012

Note: A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-95

Exhibit 95

Mine Safety Disclosure

The following disclosures are provided pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”) and Item 104 of Regulation S-K, which requires certain disclosures by companies required to file periodic reports under the Securities Exchange Act of 1934, as amended, that operate mines regulated under the Federal Mine Safety and Health Act of 1977 (the “Mine Act”). The disclosures reflect our U.S. mining operations only as the requirements of the Act and Item 104 of Regulation S-K do not apply to our mines operated outside the United States.

Mine Safety Information. Whenever the Federal Mine Safety and Health Administration (“MSHA”) believes a violation of the Mine Act, any health or safety standard or any regulation has occurred, it may issue a citation which describes the alleged violation and fixes a time within which the U.S. mining operator (e.g. our subsidiary, Newmont USA Limited) must abate the alleged violation. In some situations, such as when MSHA believes that conditions pose a hazard to miners, MSHA may issue an order removing miners from the area of the mine affected by the condition until the alleged hazards are corrected. When MSHA issues a citation or order, it generally proposes a civil penalty, or fine, as a result of the alleged violation, that the operator is ordered to pay. Citations and orders can be contested and appealed, and as part of that process, are often reduced in severity and amount, and are sometimes dismissed. The number of citations, orders and proposed assessments vary depending on the size and type (underground or surface) of the mine as well as by the MSHA inspector(s) assigned.

The below table reflects citations and orders issued to us by MSHA during the quarter ended March 31, 2012. The proposed assessments for the quarter ended March 31, 2012 were taken from the MSHA data retrieval system as of April 4, 2012.

Additional information about the Act and MSHA references used in the table follows.

• Section 104 S&S Citations: Citations received from MSHA under section 104 of the Mine Act for violations of mandatory health or safety standards that could significantly and substantially contribute to the cause and effect of a mine safety or health hazard.

• Section 104(b) Orders: Orders issued by MSHA under section 104(b) of the Mine Act, which represents a failure to abate a citation under section 104(a) within the period of time prescribed by MSHA. This results in an order of immediate withdrawal from the area of the mine affected by the condition until MSHA determines that the violation has been abated.

• Section 104(d) Citations and Orders: Citations and orders issued by MSHA under section 104(d) of the Mine Act for unwarrantable failure to comply with mandatory health or safety standards.

• Section 110(b)(2) Violations: Flagrant violations issued by MSHA under section 110(b)(2) of the Mine Act.

• Section 107(a) Orders: Orders issued by MSHA under section 107(a) of the Mine Act for situations in which MSHA determined an “imminent danger” (as defined by MSHA) existed.

Mine(1)(2)	Section 104 S&S Citations(3)		Section 104(b) Orders		Section 104(d) Citations and Orders		Section 110(b)(2) Violations		Section 107(a) Orders		($ in millions) Proposed MSHA Assessments(4)		Fatalities
Chukar		—		—		—		—		—	$	—		—
Deep Post		—		—		—		—		—	$	—		—
Emigrant		—		—		—		—		—	$	—		—
Exodus		12		—		3		—		—	$	—		—
Genesis		14		—		—		—		—	$	0.03		—
Leeville		6		—		—		—		—	$	0.02		—
Lone Tree		—		—		—		—		—	$	—		—
Midas		3		—		—		—		—	$	0.09		—
Mill 6		3		—		—		—		—	$	—		—
Pete Bajo		—		—		—		—		—	$	—		—
Phoenix		1		—		—		—		—	$	0.02		—
Sage Mill		—		—		—		—		—	$	—		—
South Area		6		—		3		—		—	$	0.01		—
Twin Creeks		1		—		—		—		—	$	—		—
Vista		—		—		—		—		—	$	—		—
TOTAL		46		—		6		—		—	$	0.17		—

(1) The table above reflects citations and orders issued to us by MSHA for the quarter ended March 31, 2012.

(2) The definition of mine under section 3 of the Mine Act includes the mine, as well as other items used in, or to be used in, or resulting from, the work of extracting minerals, such as land, structures, facilities, equipment, machines, tools, and minerals preparation facilities. Unless otherwise indicated, any of these other items associated with a single mine have been aggregated in the totals for that mine. MSHA assigns an identification number to each mine and may or may not assign separate identification numbers to related facilities such as preparation facilities. We are providing the information in the table by mine rather than MSHA identification number because that is how we manage and operate our mining business and we believe this presentation will be more useful to investors than providing information based on MSHA identification numbers.

(3) 46 Section 104 S&S Citations were subject to contest as of March 31, 2012.

(4) Represents the total dollar value of the proposed assessment from MSHA under the Mine Act pursuant to the citations and or orders preceding such dollar value in the corresponding row.

Pattern or Potential Pattern of Violations. During the quarter ended March 31, 2012, none of the mines operated by us received written notice from MSHA of (a) a pattern of violations of mandatory health or safety standards that are of such nature as could have significantly and substantially contributed to the cause and effect of mine health or safety hazards under section 104(e) of the Mine Act or (b) the potential to have such a pattern.

Pending Legal Actions. The following table reflects pending legal actions before the Federal Mine Safety and Health Review Commission (the “Commission”), an independent adjudicative agency that provides administrative trial and appellate review of legal disputes arising under the Mine Act, as of March 31, 2012, together with the number of legal actions instituted and the number of legal actions resolved during 2012.

Mine(1)	Pending Legal Actions as of 3/31/2012(2)		Legal Actions Instituted During 2012		Legal Actions Resolved During 2012
Chukar		—		—		—
Deep Post		—		—		—
Emigrant		1		—		—
Exodus		2		12		2
Genesis		1		3		8
Leeville		7		15		22
Lone Tree		—		—		—
Midas		8		35		47
Mill 6		1		—		4
Pete Bajo		—		—		—
Phoenix		3		—		2
Sage Mill		1		—		—
South Area		3		24		30
Twin Creeks		3		3		2
Vista		—		1		—
TOTAL		30		93		117

(1) The definition of mine under section 3 of the Mine Act includes the mine, as well as other items used in, or to be used in, or resulting from, the work of extracting minerals, such as land, structures, facilities, equipment, machines, tools and minerals preparation facilities. Unless otherwise indicated, any of these other items associated with a single mine have been aggregated in the totals for that mine. MSHA assigns an identification number to each mine and may or may not assign separate identification numbers to related facilities such as preparation facilities. We are providing the information in the table by mine rather than MSHA identification number because that is how we manage and operate our mining business and we believe this presentation will be more useful to investors than providing information based on MSHA identification numbers.

(2) The foregoing list includes legal actions which were initiated prior to the current reporting period and which do not necessarily relate to citations, orders or proposed assessments issued by MSHA during the quarter ended March 31, 2012.

Legal actions pending before the Commission may involve, among other questions, challenges by operators to citations, orders and penalties they have received from MSHA or complaints of discrimination by miners under section 105 of the Mine Act. The following is a brief description of the types of legal actions that may be brought before the Commission.

• Contests of Citations and Orders: A contest proceeding may be filed with the Commission by operators, miners or miners’ representatives to challenge the issuance of a citation or order issued by MSHA.

• Contests of Proposed Penalties (Petitions for Assessment of Penalties): A contest of a proposed penalty is an administrative proceeding before the Commission challenging a civil penalty that MSHA has proposed for the alleged violation contained in a citation or order. The validity of the citation may also be challenged in this proceeding as well.

• Complaints for Compensation: A complaint for compensation may be filed with the Commission by miners entitled to compensation when a mine is closed by certain withdrawal orders issued by MSHA. The purpose of the proceeding is to determine the amount of compensation, if any, due miners idled by the orders.

• Complaints of Discharge, Discrimination or Interference: A discrimination proceeding is a case that involves a miner’s allegation that he or she has suffered a wrong by the operator because he or she engaged in some type of activity protected under the Mine Act, such as making a safety complaint.

• Applications for Temporary Relief: An application for temporary relief from any modification or termination of any order or from any order issued under section 104 of the Mine Act.

• Appeals of Judges’ Decisions or Orders to the Commission: A filing with the Commission of a petition for discretionary review of a Judge’s decision or order by a person who has been adversely affected or aggrieved by such decision or order.

The following table reflects the types of legal actions pending before the Commission as of March 31, 2012.

Mine(1)	Contests of Citations and Orders		Contests of Proposed Penalties		Complaints for Compensation		Complaints of Discharge, Discrimination or Interference		Applications for Temporary Relief		Appeals of Judges’ Decisions or Orders to the Commission
Chukar		—		—		—		—		—		—
Deep Post		—		—		—		—		—		—
Emigrant		—		—		—		—		—		—
Exodus		—		10		—		—		—		—
Genesis		—		1		—		—		—		—
Leeville		—		4		—		1		—		—
Lone Tree		—		—		—		—		—		—
Midas		—		11		—		—		—		1
Mill 6		—		—		—		—		—		—
Pete Bajo		—		—		—		—		—		—
Phoenix		—		—		—		—		—		—
Sage Mill		—		—		—		—		—		—
South Area		—		3		—		1		—		—
Twin Creeks		—		3		—		—		—		—
Vista		—		—		—		—		—		—
TOTAL		—		32		—		2		—		1

(1) The definition of mine under section 3 of the Mine Act includes the mine, as well as other items used in, or to be used in, or resulting from, the work of extracting minerals, such as land, structures, facilities, equipment, machines, tools and minerals preparation facilities. Unless otherwise indicated, any of these other items associated with a single mine have been aggregated in the totals for that mine. MSHA assigns an identification number to each mine and may or may not assign separate identification numbers to related facilities such as preparation facilities. We are providing the information in the table by mine rather than MSHA identification number because that is how we manage and operate our mining business and we believe this presentation will be more useful to investors than providing information based on MSHA identification numbers.

XML

Income and Mining Taxes (Tables)

3 Months Ended

Mar. 31, 2012

Income And Mining Taxes (Tables) [Abstract]

Income and Mining Tax Expense Reconciliation

		Three Months Ended March 31,
		2012				2011
Income before income and mining tax and other items				$	1,036			$	973
Tax on income at 35% statutory rate		35	%	$	363	35	%	$	341
Reconciling items:
	Percentage depletion	(7)			(74)	(6)			(55)
	Change in valuation allowance on deferred tax assets	3			33	-			-
	Other	2			21	2			19
Income and mining tax expense		33	%	$	343	31	%	$	305

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Segment Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Dec. 31, 2011
Financial Information of Newmont's Segments
Sales	$ 2,683	$ 2,465
Costs Applicable to Sales	1,017	940
Amortization	231	256
Advanced Projects and Exploration	190	130
Pre-Tax Income	1,036	973
Totals Assets	28,961		27,474
Capital Expenditures	720	445
Segment Information (Textuals) [Abstract]
Change in accrued capital expenditures	24	43
Consolidated capital expenditures on a cash basis	696	402
Nevada [Member]
Financial Information of Newmont's Segments
Sales	723	582
Costs Applicable to Sales	267	272
Amortization	53	72
Advanced Projects and Exploration	34	17
Pre-Tax Income	369	216
Totals Assets	7,092	3,414
Capital Expenditures	157	95
La Herradura [Member]
Financial Information of Newmont's Segments
Sales	93	65
Costs Applicable to Sales	32	18
Amortization	5	4
Advanced Projects and Exploration	6	6
Pre-Tax Income	45	36
Totals Assets	371	254
Capital Expenditures	21	16
Hope Bay [Member]
Financial Information of Newmont's Segments
Sales	0	0
Costs Applicable to Sales	0	0
Amortization	0	3
Advanced Projects and Exploration	0	44
Pre-Tax Income	(50)	(48)
Totals Assets	108	2,259
Capital Expenditures	0	19
Other North America [Member]
Financial Information of Newmont's Segments
Sales	0	0
Costs Applicable to Sales	0	0
Amortization	0	0
Advanced Projects and Exploration	0	0
Pre-Tax Income	(2)	(2)
Totals Assets	67	125
Capital Expenditures	0	0
Total North America [Member]
Financial Information of Newmont's Segments
Sales	816	647
Costs Applicable to Sales	299	290
Amortization	58	79
Advanced Projects and Exploration	40	67
Pre-Tax Income	362	202
Totals Assets	7,638	6,052
Capital Expenditures	178	130
Yanacocha [Member]
Financial Information of Newmont's Segments
Sales	594	362
Costs Applicable to Sales	161	153
Amortization	50	53
Advanced Projects and Exploration	17	6
Pre-Tax Income	349	149
Totals Assets	2,745	2,677
Capital Expenditures	93	41
Conga [Member]
Financial Information of Newmont's Segments
Sales	0	0
Costs Applicable to Sales	0	0
Amortization	0	0
Advanced Projects and Exploration	27	3
Pre-Tax Income	(27)	(4)
Totals Assets	1,254	335
Capital Expenditures	147	64
Other South America [Member]
Financial Information of Newmont's Segments
Sales	0	0
Costs Applicable to Sales	0	0
Amortization	0	0
Advanced Projects and Exploration	25	7
Pre-Tax Income	(25)	(6)
Totals Assets	42	36
Capital Expenditures	0	0
Total South America [Member]
Financial Information of Newmont's Segments
Sales	594	362
Costs Applicable to Sales	161	153
Amortization	50	53
Advanced Projects and Exploration	69	16
Pre-Tax Income	297	139
Totals Assets	4,041	3,048
Capital Expenditures	240	105
Boddington [Member]
Financial Information of Newmont's Segments
Sales	359	285
Costs Applicable to Sales	167	128
Amortization	38	35
Advanced Projects and Exploration	3	1
Pre-Tax Income	143	104
Totals Assets	4,661	4,393
Capital Expenditures	23	49
Boddington [Member] | Gold [Member]
Financial Information of Newmont's Segments
Sales	298	232
Costs Applicable to Sales	137	100
Amortization	32	28
Boddington [Member] | Copper [Member]
Financial Information of Newmont's Segments
Sales	61	53
Costs Applicable to Sales	30	28
Amortization	6	7
Batu Hijau [Member]
Financial Information of Newmont's Segments
Sales	206	509
Costs Applicable to Sales	104	123
Amortization	19	27
Advanced Projects and Exploration	7	0
Pre-Tax Income	48	323
Totals Assets	3,671	3,627
Capital Expenditures	33	40
Batu Hijau [Member] | Gold [Member]
Financial Information of Newmont's Segments
Sales	34	140
Costs Applicable to Sales	19	34
Amortization	3	7
Batu Hijau [Member] | Copper [Member]
Financial Information of Newmont's Segments
Sales	172	369
Costs Applicable to Sales	85	89
Amortization	16	20
Other Australia New Zealand [Member]
Financial Information of Newmont's Segments
Sales	427	415
Costs Applicable to Sales	190	166
Amortization	36	35
Advanced Projects and Exploration	15	12
Pre-Tax Income	179	197
Totals Assets	1,300	1,049
Capital Expenditures	70	62
Other Asia Pacific [Member]
Financial Information of Newmont's Segments
Sales	0	0
Costs Applicable to Sales	0	0
Amortization	1	1
Advanced Projects and Exploration	6	1
Pre-Tax Income	5	0
Totals Assets	695	548
Capital Expenditures	3	2
Total Asia Pacific [Member]
Financial Information of Newmont's Segments
Sales	992	1,209
Costs Applicable to Sales	461	417
Amortization	94	98
Advanced Projects and Exploration	31	14
Pre-Tax Income	375	624
Totals Assets	10,327	9,617
Capital Expenditures	129	153
Ahafo [Member]
Financial Information of Newmont's Segments
Sales	281	247
Costs Applicable to Sales	96	80
Amortization	24	22
Advanced Projects and Exploration	11	7
Pre-Tax Income	150	136
Totals Assets	1,277	1,039
Capital Expenditures	50	15
Akyem [Member]
Financial Information of Newmont's Segments
Sales	0	0
Costs Applicable to Sales	0	0
Amortization	0	0
Advanced Projects and Exploration	4	1
Pre-Tax Income	(5)	(1)
Totals Assets	653	320
Capital Expenditures	85	28
Other Africa [Member]
Financial Information of Newmont's Segments
Sales	0	0
Costs Applicable to Sales	0	0
Amortization	0	0
Advanced Projects and Exploration	2	0
Pre-Tax Income	(2)	(1)
Totals Assets	5	6
Capital Expenditures	0	0
Total Africa [Member]
Financial Information of Newmont's Segments
Sales	281	247
Costs Applicable to Sales	96	80
Amortization	24	22
Advanced Projects and Exploration	17	8
Pre-Tax Income	143	134
Totals Assets	1,935	1,365
Capital Expenditures	135	43
Corporate and Other [Member]
Financial Information of Newmont's Segments
Sales	0	0
Costs Applicable to Sales	0	0
Amortization	5	4
Advanced Projects and Exploration	33	25
Pre-Tax Income	(141)	(126)
Totals Assets	5,020	6,772
Capital Expenditures	$ 38	$ 14

XML

Other Assets (Tables)

3 Months Ended

Mar. 31, 2012

Other Assets (Tables) [Abstract]

Other Assets

NOTE 19 OTHER ASSETS
			At March 31,		At December 31,
			2012		2011
	Other current assets:
		Refinery metal inventory and receivable	$	500	$	796
		Derivative instruments		132		127
		Prepaid assets		126		93
		Note receivable		33		12
		Restricted cash		2		20
		Other		91		85
			$	884	$	1,133
	Other long-term assets:
		Goodwill	$	188	$	188
		Intangible assets		144		147
		Income tax receivable		142		142
		Derivative instruments		116		112
		Debt issuance costs		79		59
		Restricted cash		49		48
		Other receivables		19		17
		Other		167		144
			$	904	$	857

XML

Other Assets (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Other current assets:
Refinery metal inventory and receivable	$ 500	$ 796
Derivative instruments	132	127
Prepaid assets	126	93
Note receivable	33	12
Restricted cash	2	20
Other	91	85
Other current assets, total	884	1,133
Other long-term assets:
Goodwill	188	188
Intangible assets	144	147
Income tax receivable	142	142
Derivative instruments	116	112
Debt issuance costs	79	59
Restricted cash	49	48
Other receivables	19	17
Other	167	144
Other long-term assets, total	$ 904	$ 857

XML

Reclamation and Remediation (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Dec. 31, 2011
Reconciliation of Reclamation and Remediation Liabilities
Balance at beginning of period	$ 1,240	$ 1,048
Additions, changes in estimates and other	105	1
Liabilities settled	(28)	(8)
Accretion expense	16	14
Balance at end of period	1,333	1,055
Reclamation and Remediation Expenses
Accretion - operating	14	12
Accretion - non-operating	2	2
Reclamation and remediation expense, total	16	14
Reclamation And Remediation (Textuals) [Abstract]
Accrued for reclamation obligations relating to mineral properties	1,136		1,070
Accrued obligation associated with former, primarily historic, mining activities	197		170
Reclamation and remediation liabilities	$ 70		$ 71

XML

Inventories (Tables)

3 Months Ended

Mar. 31, 2012

Inventories (Tables) [Abstract]

Summary of Inventories

NOTE 17 INVENTORIES
		At March 31,		At December 31,
		2012		2011
	In-process	$	112	$	159
	Concentrate		123		116
	Precious metals		35		12
	Materials, supplies and other		429		427
		$	699	$	714

XML

Segment Information (Tables)

3 Months Ended

Mar. 31, 2012

Mar. 31, 2011

Segment Information (Tables) [Abstract]

Financial Information of Newmont's Segments

					Costs				Advanced
					Applicable to				Projects and		Pre-Tax		Total		Capital
			Sales		Sales		Amortization		Exploration		Income		Assets		Expenditures(1)
Three Months Ended March 31, 2012
Nevada			$	723	$	267	$	53	$	34	$	369	$	7,092	$	157
La Herradura				93		32		5		6		45		371		21
Hope Bay				-		-		-		-		(50)		108		-
Other North America				-		-		-		-		(2)		67		-
	North America			816		299		58		40		362		7,638		178
Yanacocha				594		161		50		17		349		2,745		93
Conga				-		-		-		27		(27)		1,254		147
Other South America				-		-		-		25		(25)		42		-
	South America			594		161		50		69		297		4,041		240
Boddington:
	Gold			298		137		32		N/A		N/A		N/A		N/A
	Copper			61		30		6		N/A		N/A		N/A		N/A
		Total		359		167		38		3		143		4,661		23
Batu Hijau:
	Gold			34		19		3		N/A		N/A		N/A		N/A
	Copper			172		85		16		N/A		N/A		N/A		N/A
		Total		206		104		19		7		48		3,671		33
Other Australia/New Zealand				427		190		36		15		179		1,300		70
Other Asia Pacific				-		-		1		6		5		695		3
	Asia Pacific			992		461		94		31		375		10,327		129
Ahafo				281		96		24		11		150		1,277		50
Akyem				-		-		-		4		(5)		653		85
Other Africa				-		-		-		2		(2)		5		-
	Africa			281		96		24		17		143		1,935		135
Corporate and Other				-		-		5		33		(141)		5,020		38
Consolidated			$	2,683	$	1,017	$	231	$	190	$	1,036	$	28,961	$	720
(1)	Includes an increase in accrued capital expenditures of $24; consolidated capital expenditures on a cash basis were $696.

					Costs				Advanced
					Applicable to				Projects and		Pre-Tax		Total		Capital
			Sales		Sales		Amortization		Exploration		Income		Assets		Expenditures(1)
Three Months Ended March 31, 2011
Nevada			$	582	$	272	$	72	$	17	$	216	$	3,414	$	95
La Herradura				65		18		4		6		36		254		16
Hope Bay				-		-		3		44		(48)		2,259		19
Other North America				-		-		-		-		(2)		125		-
	North America			647		290		79		67		202		6,052		130
Yanacocha				362		153		53		6		149		2,677		41
Conga				-		-		-		3		(4)		335		64
Other South America				-		-		-		7		(6)		36		-
	South America			362		153		53		16		139		3,048		105
Boddington:
	Gold			232		100		28		N/A		N/A		N/A		N/A
	Copper			53		28		7		N/A		N/A		N/A		N/A
		Total		285		128		35		1		104		4,393		49
Batu Hijau:
	Gold			140		34		7		N/A		N/A		N/A		N/A
	Copper			369		89		20		N/A		N/A		N/A		N/A
		Total		509		123		27		-		323		3,627		40
Other Australia/New Zealand				415		166		35		12		197		1,049		62
Other Asia Pacific				-		-		1		1		-		548		2
	Asia Pacific			1,209		417		98		14		624		9,617		153
Ahafo				247		80		22		7		136		1,039		15
Akyem				-		-		-		1		(1)		320		28
Other Africa				-		-		-		-		(1)		6		-
	Africa			247		80		22		8		134		1,365		43
Corporate and Other				-		-		4		25		(126)		6,772		14
Consolidated			$	2,465	$	940	$	256	$	130	$	973	$	26,854	$	445
(1)	Includes an increase in accrued capital expenditures of $43; consolidated capital expenditures on a cash basis were $402.

XML

Net Change in Operating Assets and Liabilities (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Decrease (increase) in operating assets:
Trade and accounts receivable	$ (21)	$ 119
Inventories, stockpiles and ore on leach pads	(201)	(56)
EGR refinery assets	319	(175)
Other assets	(74)	(38)
Increase (decrease) in operating liabilities:
Accounts payable and other accrued liabilities	(32)	4
EGR refinery liabilities	(319)	175
Reclamation liabilities	(28)	(8)
Net change in operating assets and liabilities	$ (356)	$ 21

XML

Other Income, Net (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Other Income, Net
Reduction of allowance for loan receivable	$ 21	$ 0
Income from developing projects, net	14	24
Gain on asset sales, net	10	3
Canadian Oil Sands	9	6
Refinery income	5	0
Interest income	5	4
Ineffective portion of derivative instruments, net	2	(1)
Foreign currency exchange, net	(15)	(11)
Impairment of marketable securities	(24)	0
Other	6	6
Total	$ 33	$ 31

XML

Commitments and Contingencies (Details)	3 Months Ended													3 Months Ended						3 Months Ended
	Mar. 31, 2012 USD ($)	Mar. 31, 2012 PEN	Dec. 31, 2011 USD ($)	Mar. 31, 2010	Mar. 31, 2009	Mar. 31, 2008	Mar. 31, 2007	Mar. 31, 2006	Mar. 31, 2012 Yanacocha [Member]	Mar. 31, 2012 Batu Hijau [Member] USD ($)	Mar. 31, 2012 NUSA [Member]	Mar. 31, 2012 PTMDB [Member]	Mar. 31, 2012 PTNMR [Member]	Mar. 31, 2012 To PTPI From NIL NTMC [Member] USD ($)	Mar. 31, 2012 To NVL From PTPI [Member] USD ($)	Mar. 31, 2012 NWG Ownership In NewWest Gold [Member]	Mar. 31, 2012 Jacob Safra Ownership In NWG [Member]	Mar. 31, 2012 Fronteer Ownership In Aurora [Member]	Mar. 31, 2012 PTPI [Member]	Mar. 31, 2012 Minimum royalty payable year one [Member] USD ($)	Mar. 31, 2012 Minimum royalty payable year two [Member] USD ($)	Mar. 31, 2012 Minimum royalty payable year three [Member] USD ($)	Mar. 31, 2012 Minimum royalty payable year four [Member] USD ($)	Mar. 31, 2012 Minimum royalty payable year five [Member] USD ($)	Mar. 31, 2012 Minimum royalty payable thereafter [Member] USD ($)
Commitments and Contingencies (Textuals)
Accrued for reclamation obligations relating to mineral properties	$ 1,136,000,000		$ 1,070,000,000
Accrued reclamation operating costs current	47,000,000		47,000,000
Accrued obligation associated with former, primarily historic, mining activities	197,000,000		170,000,000
Range of reclamation and remediation liabilities upper limit	106.00%	106.00%
Range of reclamation and remediation liabilities lower limit	7.00%	7.00%
Ownership interest in subsidiaries									51.35%	31.50%	100.00%		80.00%
Grey Eagle EPA expenditures	3,000,000
Ross Adams US Forest Service expenditures	300,000
Estimate of possible loss										247,000,000
Fine paid under protest for spill of elementary mercury	500,000	1,740,000
Percentage of ownership shares by the Indonesian government or Indonesian nationals in PTNNT				51.00%	44.00%	37.00%	30.00%	23.00%
Other company ownership percentage in affiliate																86.00%	100.00%	42.00%	20.00%
Aggregate interest to be offered														31.00%
Sale and transfer of shares of interest percent				7.00%	7.00%	7.00%	7.00%	3.00%
PTMDB's ownership in PTNNT												24.00%
Minimum royalty payable																				28,000,000	28,000,000	28,000,000	28,000,000	28,000,000	223,000,000
Letters of Credit Surety Bonds and Bank Guarantees, outstanding	1,482,000,000		1,354,000,000
Legal damages														$ 26,000,000	$ 11,000,000

XML

Supplementary Data (Details)	Mar. 31, 2012
Supplementary Data (Textuals)
Ratio of earnings to fixed charges	13.5

XML

Debt (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Dec. 31, 2011
Debt
Total Debt Current	$ 69		$ 689
Total Debt Non-Current	6,081		3,624
Debt (Textuals)
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	69
Long-term Debt, Maturities, Repayments of Principal in Year Two	10
Long-term Debt, Maturities, Repayments of Principal in Year Three	527
Long-term Debt, Maturities, Repayments of Principal in Year Four	10
Long-term Debt, Maturities, Repayments of Principal in Year Five	10
Long-term Debt, Maturities, Repayments of Principal after Year Five	5,524
Conversion Premium On Repayment Of Convertible Debt	172	0
Proceeds from Issuance of Long-term Debt	3,346	0
Current [Member]
Debt
Sale-leaseback of refractory ore treatment plant	59		165
Corporate revolving credit facility (due 2016)	0
Ahafo project facility	10		10
Other capital leases	0		0
Non-current [Member]
Debt
Sale-leaseback of refractory ore treatment plant	0		0
Corporate revolving credit facility (due 2016)			33
Ahafo project facility	45		45
Other capital leases	1		1
Convertible Senior Notes Net Of Discount 2012 [Member]
Debt (Textuals)
Repayments of Convertible Debt	517
Conversion Premium On Repayment Of Convertible Debt	172
Convertible Senior Notes Net Of Discount 2012 [Member] | Current [Member]
Debt
Convertible senior notes, net of discount	0		514
Convertible Senior Notes Net Of Discount 2012 [Member] | Non-current [Member]
Debt
Convertible senior notes, net of discount			0
Convertible Senior Notes Net Of Discount 2014 [Member] | Current [Member]
Debt
Convertible senior notes, net of discount	0
Convertible Senior Notes Net Of Discount 2014 [Member] | Non-current [Member]
Debt
Convertible senior notes, net of discount	517		512
Convertible Senior Notes Net Of Discount 2017 [Member] | Current [Member]
Debt
Convertible senior notes, net of discount	0
Convertible Senior Notes Net Of Discount 2017 [Member] | Non-current [Member]
Debt
Convertible senior notes, net of discount	457		452
Senior Notes Net Of Discount 2019 [Member] | Current [Member]
Debt
Senior notes, net of discount	0
Senior Notes Net Of Discount 2019 [Member] | Non-current [Member]
Debt
Senior notes, net of discount	896		896
Senior Notes Net Of Discount 2035 [Member] | Non-current [Member]
Debt
Senior notes, net of discount	598		598
Senior Notes Net Of Discount 2039 [Member] | Non-current [Member]
Debt
Senior notes, net of discount	1,087		1,087
Senior Notes Net of Discount 2022 [Member]
Debt (Textuals)
Long-term Debt, Gross	1,500
Proceeds from Issuance of Long-term Debt	1,479
Interest rate	3.50
Senior Notes Net of Discount 2022 [Member] | Current [Member]
Debt
Senior notes, net of discount	0
Senior Notes Net of Discount 2022 [Member] | Non-current [Member]
Debt
Senior notes, net of discount	1,489		0
Senior Notes Net Of Discount 2042 [Member]
Debt (Textuals)
Long-term Debt, Gross	1,000
Proceeds from Issuance of Long-term Debt	983
Interest rate	4.875
Senior Notes Net Of Discount 2042 [Member] | Non-current [Member]
Debt
Senior notes, net of discount	$ 991

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Debt

3 Months Ended

Mar. 31, 2012

Debt [Abstract]

DEBT

NOTE 20 DEBT
	At March 31, 2012				At December 31, 2011
	Current		Non-Current		Current		Non-Current
Sale-leaseback of refractory ore treatment plant	$	59	$	-	$	165	$	-
Corporate revolving credit facility (due 2016)		-		-		-		33
2012 Convertible Senior Notes, net of discount		-		-		514		-
2014 Convertible Senior Notes, net of discount		-		517		-		512
2017 Convertible Senior Notes, net of discount		-		457		-		452
2019 Senior Notes, net of discount		-		896		-		896
2022 Senior Notes, net of discount		-		1,489		-		-
2035 Senior Notes, net of discount		-		598		-		598
2039 Senior Notes, net of discount		-		1,087		-		1,087
2042 Senior Notes, net of discount		-		991		-		-
Ahafo project facility		10		45		10		45
Other capital leases		-		1		-		1
	$	69	$	6,081	$	689	$	3,624

Scheduled minimum debt repayments are $69 for the remainder of 2012, $10 in 2013, $527 in 2014, $10 in 2015, $10 in 2016 and $5,524 thereafter.

2012 Convertible Senior Notes

In February 2012, the Company's 2012 Convertible Senior Notes matured, resulting in a principal payment of $517. The Company elected to pay the conversion premium of $172in cash, in lieu of issuing common shares.

2022 and 2042 Senior Notes

In March 2012, the Company completed a two part public offering of$1,500and $1,000uncollateralized Senior Notes maturing on March 15, 2022 and March 15, 2042, respectively. Net proceeds from the 2022 and 2042 Senior Notes were$1,479 and $983, respectively. The 2022 Senior Notes pay interest semi-annually at a rate of 3.50% per annum and the 2042 Senior Notes pay semi-annual interest of 4.875% per annum.

Consistent with the Company's other Notes included in the table above, the 2022 and 2042 Senior Notes contain various covenants and default provisions including payment defaults, limitation on liens, limitation on sales and leaseback agreements and merger restrictions.

XML

Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2012

Other Liabilities (Tables) [Abstract]

Other Liabilities

NOTE 21 OTHER LIABILITIES
			At March 31,		At December 31,
			2012		2011
	Other current liabilities:
		Refinery metal payable	$	500	$	796
		Accrued capital expenditures		267		248
		Accrued operating costs		256		231
		Taxes other than income and mining		86		93
		Reclamation and remediation liabilities		70		71
		Deferred income tax		57		50
		Royalties		43		53
		Boddington contingent consideration		39		24
		Holt property royalty		21		17
		Interest		12		55
		Derivative instruments		2		408
		Other		64		87
			$	1,417	$	2,133
	Other long-term liabilities:
		Holt property royalty	$	226	$	159
		Income and mining taxes		86		88
		Power supply agreements		46		45
		Derivative instruments		4		6
		Boddington contingent consideration		4		30
		Other		31		36
			$	397	$	364

XML

Changes in Equity (Tables)

3 Months Ended

Mar. 31, 2012

Changes in Equity (Tables) [Abstract]

Changes in Equity

NOTE 13 CHANGES IN EQUITY
				Three Months Ended March 31,
				2012		2011
	Common stock:
		At beginning of period		$	784	$	778
			Stock based awards		1		1
		At end of period			785		779
	Additional paid-in capital:
		At beginning of period			8,408		8,279
			Stock based awards		27		25
			Conversion premium on convertible notes		(172)		0
		At end of period			8,263		8,304
	Accumulated other comprehensive income:
		At beginning of period			652		1,108
			Other comprehensive income		6		281
		At end of period			658		1,389
	Retained earnings:
		At beginning of period			3,052		3,180
			Net income attributable to Newmont stockholders		490		514
			Dividends paid		(173)		(74)
		At end of period			3,369		3,620
	Noncontrolling interests:
		At beginning of period			2,875		2,371
			Net income attributable to noncontrolling interests		113		156
			Other comprehensive income		2		2
		At end of period			2,990		2,529
	Total equity			$	16,065	$	16,621

XML

Condensed Consolidating Financial Statements (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Dec. 31, 2011
Condensed Consolidating Statement of Income
Sales	$ 2,683	$ 2,465
Costs and expenses
Costs applicable to sales	1,017	940
Amortization	231	256
Reclamation and remediation	16	14
Exploration	88	62
Advanced projects, research and development	102	68
General and administrative	54	45
Other expense, net	120	73
Total costs and expenses	1,628	1,458
Other income (expense)
Other income, net	33	31
Interest income-intercompany	0	0
Interest expense-intercompany	0	0
Interest expense, net	(52)	(65)
Total other income (expense)	(19)	(34)
Income before income and mining tax and other items	1,036	973
Income and mining tax expense	(343)	(305)
Equity income (loss) of affiliates	(19)	2
Income from continuing operations	674	670
Loss from discontinued operations	(71)	0
Net income	603	670
Net income attributable to noncontrolling interests	(113)	(156)
Net income attributable to Newmont stockholders	490	514
Comprehensive income	611	953
Comprehensive income attributable to noncontrolling interests	(115)	(158)
Comprehensive income attributable to Newmont stockholders	496	795
Operating activities:
Net income	603	670
Adjustments	366	298
Net change in operating assets and liabilities	(356)	21
Net cash provided from continuing operations	613	989
Net cash used in discontinued operations	(4)	0
Net cash provided from operations	609	989
Investing activities:
Additions to property, plant and mine development	(696)	(402)
Purchases of marketable securities	(143)	(12)
Acquisitions, net	(11)	(7)
Proceeds from sale of other assets	12	6
Other	(17)	(3)
Net cash used in investing activities	(855)	(418)
Financing activities:
Net borrowings (repayments)	1,439	(31)
Payment of conversion premium on debt	(172)	0
Net intercompany borrowings (repayments)	0	0
Dividends paid to common stockholders	(173)	(74)
Dividends paid to noncontrolling interests	0	(15)
Proceeds from stock issuance, net	2	3
Other	(2)	0
Net cash provided from (used in) financing activities	1,094	(117)
Effect of exchange rate changes on cash	4	23
Net change in cash and cash equivalents	852	477
Cash and cash equivalents at beginning of period	1,760	4,056
Cash and cash equivalents at end of period	2,612	4,533
Assets
Cash and cash equivalents	2,612	4,533
Trade receivables	349		300
Accounts receivable	362		320
Investments	179		94
Inventories	699		714
Stockpiles and ore on leach pads	744		671
Deferred income tax assets	263		396
Other current assets	884		1,133
Current assets	6,092		5,388
Property, plant and mine development, net	16,364		15,881
Investments	1,479		1,472
Investments in subsidiaries	0		0
Stockpiles and ore on leach pads	2,470		2,271
Deferred income tax assets	1,652		1,605
Other long-term assets	904		857
Total assets	28,961		27,474
Liabilities
Debt	69		689
Accounts payable	497		561
Employee-related benefits	245		307
Income and mining taxes	343		250
Other current liabilities	1,417		2,133
Current liabilities	2,571		3,940
Debt	6,081		3,624
Reclamation and remediation liabilities	1,263		1,169
Deferred income tax liabilities	2,100		2,147
Employee-related benefits	484		459
Other long-term liabilities	397		364
Total liabilities	12,896		11,703
Equity
Preferred stock	0		0
Common stock	785		784
Additional paid-in capital	8,263		8,408
Accumulated other comprehensive income	658		652
Retained earnings	3,369		3,052
Newmont stockholders' equity	13,075		12,896
Noncontrolling interests	2,990		2,875
Total equity	16,065	16,621	15,771
Total liabilities and equity	28,961		27,474
Convertible Senior Notes Net Of Discount 2012 [Member]
Financing activities:
Payment of conversion premium on debt	(172)
Newmont Mining Corporation [Member]
Condensed Consolidating Statement of Income
Sales	0	0
Costs and expenses
Costs applicable to sales	0	0
Amortization	0	0
Reclamation and remediation	0	1
Exploration	0	0
Advanced projects, research and development	0	0
General and administrative	0	0
Other expense, net	0	0
Total costs and expenses	0	1
Other income (expense)
Other income, net	(3)	(5)
Interest income-intercompany	40	36
Interest expense-intercompany	(5)	(3)
Interest expense, net	(46)	(54)
Total other income (expense)	(14)	(26)
Income before income and mining tax and other items	(14)	(27)
Income and mining tax expense	5	10
Equity income (loss) of affiliates	499	531
Income from continuing operations	490
Loss from discontinued operations	0
Net income	490	514
Net income attributable to Newmont stockholders	490	514
Comprehensive income	496	795
Comprehensive income attributable to Newmont stockholders	496	795
Operating activities:
Net income	490	514
Adjustments	13	21
Net change in operating assets and liabilities	(45)	8
Net cash provided from continuing operations	458
Net cash used in discontinued operations	0
Net cash provided from operations	458	543
Investing activities:
Additions to property, plant and mine development	0	0
Purchases of marketable securities	0	0
Acquisitions, net	0	0
Proceeds from sale of other assets	0	0
Other	0	0
Net cash used in investing activities	0	0
Financing activities:
Net borrowings (repayments)	1,547	0
Payment of conversion premium on debt	(172)
Net intercompany borrowings (repayments)	(1,662)	(472)
Dividends paid to common stockholders	(173)	(74)
Proceeds from stock issuance, net	2	3
Other	0
Net cash provided from (used in) financing activities	(458)	(543)
Effect of exchange rate changes on cash	0	0
Net change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Assets
Cash and cash equivalents	0	0
Trade receivables	0		0
Accounts receivable	1,199		1,415
Investments	100		72
Inventories	0		0
Stockpiles and ore on leach pads	0		0
Deferred income tax assets	6		134
Other current assets	0		0
Current assets	1,305		1,621
Property, plant and mine development, net	0		0
Investments	0		0
Investments in subsidiaries	15,165		14,675
Stockpiles and ore on leach pads	0		0
Deferred income tax assets	792		708
Other long-term assets	3,607		3,423
Total assets	20,869		20,427
Liabilities
Debt	0		514
Accounts payable	1,472		2,698
Employee-related benefits	0		0
Income and mining taxes	0		0
Other current liabilities	11		450
Current liabilities	1,483		3,662
Debt	6,035		3,578
Reclamation and remediation liabilities	0		0
Deferred income tax liabilities	0		0
Employee-related benefits	5		5
Other long-term liabilities	548		567
Total liabilities	8,071		7,812
Equity
Preferred stock	0		0
Common stock	785		784
Additional paid-in capital	7,986		8,127
Accumulated other comprehensive income	658		652
Retained earnings	3,369		3,052
Newmont stockholders' equity	12,798		12,615
Noncontrolling interests	0		0
Total equity	12,798		12,615
Total liabilities and equity	20,869		20,427
Newmont USA [Member]
Condensed Consolidating Statement of Income
Sales	1,617	1,518
Costs and expenses
Costs applicable to sales	563	566
Amortization	130	159
Reclamation and remediation	11	10
Exploration	53	34
Advanced projects, research and development	88	27
General and administrative	42	34
Other expense, net	47	54
Total costs and expenses	934	884
Other income (expense)
Other income, net	13	25
Interest income-intercompany	2	2
Interest expense-intercompany	0	0
Interest expense, net	(5)	(9)
Total other income (expense)	10	18
Income before income and mining tax and other items	693	652
Income and mining tax expense	(146)	(208)
Equity income (loss) of affiliates	(11)	1
Income from continuing operations	536
Loss from discontinued operations	4
Net income	540	445
Net income attributable to noncontrolling interests	(116)	(192)
Net income attributable to Newmont stockholders	424	253
Comprehensive income	541	462
Comprehensive income attributable to noncontrolling interests	(116)	(192)
Comprehensive income attributable to Newmont stockholders	425	270
Operating activities:
Net income	540	445
Adjustments	60	174
Net change in operating assets and liabilities	(298)	(54)
Net cash provided from continuing operations	302
Net cash used in discontinued operations	0
Net cash provided from operations	302	565
Investing activities:
Additions to property, plant and mine development	(479)	(238)
Purchases of marketable securities	(143)	(1)
Acquisitions, net	0	0
Proceeds from sale of other assets	8	6
Other	0	0
Net cash used in investing activities	(614)	(233)
Financing activities:
Net borrowings (repayments)	(106)	(31)
Payment of conversion premium on debt	0
Net intercompany borrowings (repayments)	1,164	(1,948)
Dividends paid to common stockholders	0	0
Dividends paid to noncontrolling interests		(15)
Proceeds from stock issuance, net	0	0
Other	0
Net cash provided from (used in) financing activities	1,058	(1,994)
Effect of exchange rate changes on cash	(2)	(1)
Net change in cash and cash equivalents	744	(1,663)
Cash and cash equivalents at beginning of period	1,526	3,877
Cash and cash equivalents at end of period	2,270	2,214
Assets
Cash and cash equivalents	2,270	2,214
Trade receivables	228		205
Accounts receivable	2,268		3,447
Investments	55		0
Inventories	330		333
Stockpiles and ore on leach pads	631		532
Deferred income tax assets	252		257
Other current assets	124		91
Current assets	6,158		6,391
Property, plant and mine development, net	7,266		6,917
Investments	118		29
Investments in subsidiaries	24		43
Stockpiles and ore on leach pads	1,761		1,641
Deferred income tax assets	808		838
Other long-term assets	664		641
Total assets	16,799		16,500
Liabilities
Debt	59		165
Accounts payable	1,174		1,327
Employee-related benefits	171		222
Income and mining taxes	94		45
Other current liabilities	468		459
Current liabilities	1,966		2,218
Debt	1		1
Reclamation and remediation liabilities	901		809
Deferred income tax liabilities	641		732
Employee-related benefits	369		355
Other long-term liabilities	54		61
Total liabilities	3,932		4,176
Equity
Preferred stock	0		0
Common stock	0		0
Additional paid-in capital	3,050		3,050
Accumulated other comprehensive income	(188)		(189)
Retained earnings	6,481		6,055
Newmont stockholders' equity	9,343		8,916
Noncontrolling interests	3,524		3,408
Total equity	12,867		12,324
Total liabilities and equity	16,799		16,500
Condensed Consolidating Financial Statements (Textuals)
Percent ownership of Newmont USA by Newmont Mining Corporation	100.00%
Other Subsidiaries [Member]
Condensed Consolidating Statement of Income
Sales	1,066	947
Costs and expenses
Costs applicable to sales	465	384
Amortization	101	97
Reclamation and remediation	5	3
Exploration	35	28
Advanced projects, research and development	14	41
General and administrative	1	1
Other expense, net	73	19
Total costs and expenses	694	573
Other income (expense)
Other income, net	23	11
Interest income-intercompany	5	2
Interest expense-intercompany	(42)	(37)
Interest expense, net	(1)	(2)
Total other income (expense)	(15)	(26)
Income before income and mining tax and other items	357	348
Income and mining tax expense	(202)	(107)
Equity income (loss) of affiliates	67	89
Income from continuing operations	222
Loss from discontinued operations	(75)
Net income	147	330
Net income attributable to noncontrolling interests	(32)	(20)
Net income attributable to Newmont stockholders	115	310
Comprehensive income	139	595
Comprehensive income attributable to noncontrolling interests	(34)	(22)
Comprehensive income attributable to Newmont stockholders	105	573
Operating activities:
Net income	147	330
Adjustments	(281)	(516)
Net change in operating assets and liabilities	(13)	67
Net cash provided from continuing operations	(147)
Net cash used in discontinued operations	(4)
Net cash provided from operations	(151)	(119)
Investing activities:
Additions to property, plant and mine development	(217)	(164)
Purchases of marketable securities	0	(11)
Acquisitions, net	(11)	(7)
Proceeds from sale of other assets	4	0
Other	(17)	(3)
Net cash used in investing activities	(241)	(185)
Financing activities:
Net borrowings (repayments)	(2)	0
Payment of conversion premium on debt	0
Net intercompany borrowings (repayments)	498	2,420
Dividends paid to common stockholders	0	0
Dividends paid to noncontrolling interests		0
Proceeds from stock issuance, net	0	0
Other	(2)
Net cash provided from (used in) financing activities	494	2,420
Effect of exchange rate changes on cash	6	24
Net change in cash and cash equivalents	108	2,140
Cash and cash equivalents at beginning of period	234	179
Cash and cash equivalents at end of period	342	2,319
Assets
Cash and cash equivalents	342	2,319
Trade receivables	121		95
Accounts receivable	293		264
Investments	24		22
Inventories	369		381
Stockpiles and ore on leach pads	113		139
Deferred income tax assets	5		5
Other current assets	760		1,042
Current assets	2,027		2,182
Property, plant and mine development, net	9,127		8,990
Investments	1,361		1,443
Investments in subsidiaries	2,915		2,825
Stockpiles and ore on leach pads	709		630
Deferred income tax assets	52		59
Other long-term assets	913		927
Total assets	17,104		17,056
Liabilities
Debt	10		10
Accounts payable	1,254		1,343
Employee-related benefits	74		85
Income and mining taxes	249		205
Other current liabilities	2,895		3,186
Current liabilities	4,482		4,829
Debt	45		45
Reclamation and remediation liabilities	362		360
Deferred income tax liabilities	1,459		1,415
Employee-related benefits	110		99
Other long-term liabilities	4,103		3,895
Total liabilities	10,561		10,643
Equity
Preferred stock	61		61
Common stock	0		0
Additional paid-in capital	5,697		5,702
Accumulated other comprehensive income	1,158		1,168
Retained earnings	(1,627)		(1,744)
Newmont stockholders' equity	5,289		5,187
Noncontrolling interests	1,254		1,226
Total equity	6,543		6,413
Total liabilities and equity	17,104		17,056
Eliminations [Member]
Condensed Consolidating Statement of Income
Sales	0	0
Costs and expenses
Costs applicable to sales	(11)	(10)
Amortization	0	0
Reclamation and remediation	0	0
Exploration	0	0
Advanced projects, research and development	0	0
General and administrative	11	10
Other expense, net	0	0
Total costs and expenses	0	0
Other income (expense)
Other income, net	0	0
Interest income-intercompany	(47)	(40)
Interest expense-intercompany	47	40
Interest expense, net	0	0
Total other income (expense)	0	0
Income before income and mining tax and other items	0	0
Income and mining tax expense	0	0
Equity income (loss) of affiliates	(574)	(619)
Income from continuing operations	(574)
Loss from discontinued operations	0
Net income	(574)	(619)
Net income attributable to noncontrolling interests	35	56
Net income attributable to Newmont stockholders	(539)	(563)
Comprehensive income	(565)	(899)
Comprehensive income attributable to noncontrolling interests	35	56
Comprehensive income attributable to Newmont stockholders	(530)	(843)
Operating activities:
Net income	(574)	(619)
Adjustments	574	619
Net change in operating assets and liabilities	0	0
Net cash provided from continuing operations	0
Net cash used in discontinued operations	0
Net cash provided from operations	0	0
Investing activities:
Additions to property, plant and mine development	0	0
Purchases of marketable securities	0	0
Acquisitions, net	0	0
Proceeds from sale of other assets	0	0
Other	0	0
Net cash used in investing activities	0	0
Financing activities:
Net borrowings (repayments)	0	0
Payment of conversion premium on debt	0
Net intercompany borrowings (repayments)	0	0
Dividends paid to common stockholders	0	0
Dividends paid to noncontrolling interests		0
Proceeds from stock issuance, net	0	0
Other	0
Net cash provided from (used in) financing activities	0	0
Effect of exchange rate changes on cash	0	0
Net change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Assets
Cash and cash equivalents	0	0
Trade receivables	0		0
Accounts receivable	(3,398)		(4,806)
Investments	0		0
Inventories	0		0
Stockpiles and ore on leach pads	0		0
Deferred income tax assets	0		0
Other current assets	0		0
Current assets	(3,398)		(4,806)
Property, plant and mine development, net	(29)		(26)
Investments	0		0
Investments in subsidiaries	(18,104)		(17,543)
Stockpiles and ore on leach pads	0		0
Deferred income tax assets	0		0
Other long-term assets	(4,280)		(4,134)
Total assets	(25,811)		(26,509)
Liabilities
Debt	0		0
Accounts payable	(3,403)		(4,807)
Employee-related benefits	0		0
Income and mining taxes	0		0
Other current liabilities	(1,957)		(1,962)
Current liabilities	(5,360)		(6,769)
Debt	0		0
Reclamation and remediation liabilities	0		0
Deferred income tax liabilities	0		0
Employee-related benefits	0		0
Other long-term liabilities	(4,308)		(4,159)
Total liabilities	(9,668)		(10,928)
Equity
Preferred stock	(61)		(61)
Common stock	0		0
Additional paid-in capital	(8,470)		(8,471)
Accumulated other comprehensive income	(970)		(979)
Retained earnings	(4,854)		(4,311)
Newmont stockholders' equity	(14,355)		(13,822)
Noncontrolling interests	(1,788)		(1,759)
Total equity	(16,143)		(15,581)
Total liabilities and equity	$ (25,811)		$ (26,509)

XML

Employee Pension and Other Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2012

Employee Pension and Other Benefits Plans (Tables) [Abstract]

Employee Pension and Other Benefit Plans

NOTE 7 EMPLOYEE PENSION AND OTHER BENEFIT PLANS
			Three Months Ended March 31,
			2012		2011
	Pension benefit costs, net
		Service cost	$	7	$	6
		Interest cost		10		10
		Expected return on plan assets		(11)		(10)
		Amortization, net		6		5
			$	12	$	11
			Three Months Ended March 31,
			2012		2011
	Other benefit costs, net
		Service cost	$	1	$	1
		Interest cost		1		1
			$	2	$	2

XML

Supplemental Cash Flow Information (Tables)

3 Months Ended

Mar. 31, 2012

Supplemental Cash Flow Information (Tables) [Abstract]

Supplemental Cash Flow Information

NOTE 23 SUPPLEMENTAL CASH FLOW INFORMATION
		Three Months Ended March 31,
		2012		2011
	Income and mining taxes, net of refunds	$	296	$	278
	Interest, net of amounts capitalized	$	23	$	20

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Investments (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Dec. 31, 2011
Investment in Marketable Securities
Current Investments	$ 179		$ 94
Long-Term Investments	1,479		1,472
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Abstract
Securities continuous unrealized losses less than 12 months - unrealized losses	3		18
Securities continuous unrealized losses greater than 12 months - unrealized losses	9		8
Securities continuous unrealized losses - unrealized losses	12		26
Available For Sale Securities Continuous Unrealized Loss Position Fair Value Abstract
Securities continuous unrealized losses less than 12 months - fair value	24		42
Securities continuous unrealized losses greater than 12 months - fair value	24		24
Securities continuous unrealized losses - fair value	48		66
Investments (Textuals) [Abstract]
Payments to acquire marketable securities	143	12
Impairment of marketable securities	24	0
Current [Member]
Investment in Marketable Securities
Cost/Equity Basis	130		75
Unrealized Gain	50		20
Unrealized Loss	(1)		(1)
Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	689		625
Unrealized Gain	801		872
Unrealized Loss	(11)		(25)
Other Investments, at Cost	11		11
Paladin Energy Ltd [Member] | Current [Member]
Investment in Marketable Securities
Cost/Equity Basis	60		60
Unrealized Gain	40		13
Unrealized Loss	0		0
Fair/Equity Basis - Current Marketable Equity Securities	100		73
Other Equity Securities [Member]
Investments (Textuals) [Abstract]
Impairment of marketable securities	24
Other Equity Securities [Member] | Current [Member]
Investment in Marketable Securities
Cost/Equity Basis	15		15
Unrealized Gain	10		7
Unrealized Loss	(1)		(1)
Fair/Equity Basis - Current Marketable Equity Securities	24		21
Other Equity Securities [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	80		92
Unrealized Gain	18		16
Unrealized Loss	(2)		(17)
Fair/Equity Basis - Long-Term Marketable Equity Securities	96		91
Marketable Equity Securities [Member]
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Abstract
Securities continuous unrealized losses less than 12 months - unrealized losses	3		18
Securities continuous unrealized losses greater than 12 months - unrealized losses	0		0
Securities continuous unrealized losses - unrealized losses	3		18
Available For Sale Securities Continuous Unrealized Loss Position Fair Value Abstract
Securities continuous unrealized losses less than 12 months - fair value	24		42
Securities continuous unrealized losses greater than 12 months - fair value	0		0
Securities continuous unrealized losses - fair value	24		42
Investments (Textuals) [Abstract]
Asset retirement obligation restricted asset	15		4
Marketable Equity Securities [Member] | Current [Member]
Investment in Marketable Securities
Cost/Equity Basis	75
Unrealized Gain	50
Unrealized Loss	(1)
Fair/Equity Basis - Current Marketable Equity Securities	124
Marketable Equity Securities [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	503		506
Unrealized Gain	799		871
Unrealized Loss	(2)		(17)
Fair/Equity Basis - Long-Term Marketable Equity Securities	1,300		1,360
Asset Backed Commercial Paper [Member]
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Abstract
Securities continuous unrealized losses less than 12 months - unrealized losses	0		0
Securities continuous unrealized losses greater than 12 months - unrealized losses	6		6
Securities continuous unrealized losses - unrealized losses	6		6
Available For Sale Securities Continuous Unrealized Loss Position Fair Value Abstract
Securities continuous unrealized losses less than 12 months - fair value	0		0
Securities continuous unrealized losses greater than 12 months - fair value	19		19
Securities continuous unrealized losses - fair value	19		19
Asset Backed Commercial Paper [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	25		25
Unrealized Gain	0		0
Unrealized Loss	(6)		(6)
Fair/Equity Basis - Long-Term Marketable Debt Securities	19		19
Auction Rate Securities [Member]
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Abstract
Securities continuous unrealized losses less than 12 months - unrealized losses	0		0
Securities continuous unrealized losses greater than 12 months - unrealized losses	3		2
Securities continuous unrealized losses - unrealized losses	3		2
Available For Sale Securities Continuous Unrealized Loss Position Fair Value Abstract
Securities continuous unrealized losses less than 12 months - fair value	0		0
Securities continuous unrealized losses greater than 12 months - fair value	5		5
Securities continuous unrealized losses - fair value	5		5
Auction Rate Securities [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	8		7
Unrealized Gain	0		0
Unrealized Loss	(3)		(2)
Fair/Equity Basis - Long-Term Marketable Debt Securities	5		5
Corporate Debt Securities [Member] | Current [Member]
Investment in Marketable Securities
Cost/Equity Basis	55
Unrealized Gain	0
Unrealized Loss	0
Fair/Equity Basis - Current Marketable Debt Securities	55
Corporate Debt Securities [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	87		10
Unrealized Gain	2		1
Unrealized Loss	0		0
Fair/Equity Basis - Long-Term Marketable Debt Securities	89		11
Debt Securities [Member]
Investments (Textuals) [Abstract]
Asset retirement obligation restricted asset	1		11
Debt Securities [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	120		42
Unrealized Gain	2		1
Unrealized Loss	(9)		(8)
Fair/Equity Basis - Long-Term Marketable Debt Securities	113		35
Canadian Oil Sands Ltd [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	309		302
Unrealized Gain	342		401
Unrealized Loss	0		0
Fair/Equity Basis - Long-Term Marketable Equity Securities	651		703
Gabriel Resources Ltd [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	78		76
Unrealized Gain	161		236
Unrealized Loss	0		0
Fair/Equity Basis - Long-Term Marketable Equity Securities	239		312
Regis [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	36		36
Unrealized Gain	278		218
Unrealized Loss	0		0
Fair/Equity Basis - Long-Term Marketable Equity Securities	314		254
La Zanja [Member] | Long-term [Member]
Investment in Marketable Securities
Equity Method Investments	$ 55		$ 66

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Discontinued Operations (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Discontinued Operations Details [Abstract]
Loss from discontinued operations	$ (71)	$ 0
Loss from discontinued operations, income tax benefit	4
Net operating cash used in discontinued operations	$ (4)	$ 0

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Stockpiles and Ore on Leach Pads (Tables)

3 Months Ended

Mar. 31, 2012

Stockpiles and Ore on Leach Pads (Tables) [Abstract]

Stockpiles and Ore on Leach Pads

NOTE 18 STOCKPILES AND ORE ON LEACH PADS
			At March 31,		At December 31,
			2012		2011
	Current:
		Stockpiles	$	527	$	506
		Ore on leach pads		217		165
			$	744	$	671
	Long-term:
		Stockpiles	$	2,091	$	1,904
		Ore on leach pads		379		367
			$	2,470	$	2,271

Stockpiles and Ore on Leach Pads, by Segment

		At March 31,		At December 31,
		2012		2011
Stockpiles and ore on leach pads:
	Nevada	$	563	$	536
	La Herradura		9		6
	Yanacocha		600		512
	Boddington		482		435
	Batu Hijau		1,220		1,119
	Other Australia/New Zealand		157		161
	Ahafo		183		173
		$	3,214	$	2,942

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Reclamation and Remediation

3 Months Ended

Mar. 31, 2012

Reclamation and Remediation [Abstract]

RECLAMATION AND REMEDIATION

NOTE 4    RECLAMATION AND REMEDIATION

At March 31, 2012 and December 31, 2011, $1,136and $1,070, respectively, were accrued for reclamation obligations relating to mineral properties. In addition, the Company is involved in several matters concerning environmental obligations associated with former, primarily historic, mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. At March 31, 2012 and December 31, 2011, $197 and $170, respectively, were accrued for such obligations. These amounts are also included in Reclamation and remediation liabilities.

The following is a reconciliation of Reclamation and remediation liabilities:

	Three Months Ended March 31,
	2012		2011
Balance at beginning of period	$	1,240	$	1,048
Additions, changes in estimates and other		105		1
Liabilities settled		(28)		(8)
Accretion expense		16		14
Balance at end of period	$	1,333	$	1,055

The current portion of Reclamation and remediation liabilities of $70 and $71 at March 31, 2012 and December 31, 2011, respectively, are included in Other current liabilities(see Note 21).

The Company's reclamation and remediation expenses consisted of:

	Three Months Ended March 31,
	2012		2011
Accretion - operating	$	14	$	12
Accretion - non-operating		2		2
	$	16	$	14

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Net Income Attributable to Noncontrolling Interests (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
Other	$ (11)	$ (2)
Net income attributable to noncontrolling interests	113	156
Yanacocha [Member]
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
Ownership interest in subsidiaries	51.35%
Net income attributable to noncontrolling interests	111	56
Batu Hijau [Member]
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
Ownership interest in subsidiaries	31.50%
Effective economic interest percent	48.50%
Net income attributable to noncontrolling interests	$ 13	$ 102
Compania de Minas Buenaventura SAA [Member]
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
Noncontrolling interest, ownership percentage by noncontrolling owners	43.65%
International Finance Corporation [Member]
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
Noncontrolling interest, ownership percentage by noncontrolling owners	5.00%

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Fair Value Accounting (Tables)

3 Months Ended

Mar. 31, 2012

Fair Value Accounting (Tables) [Abstract]

Fair Value Measurement of Assets and Liabilities

			Fair Value at March 31, 2012
			Total		Level 1		Level 2		Level 3
Assets:
	Cash equivalents		$	809	$	809	$	-	$	-
	Marketable equity securities:
		Extractive industries		1,409		1,409		-		-
		Other		15		15		-		-
	Marketable debt securities:
		Asset backed commercial paper		19		-		-		19
		Corporate		144		-		144		-
		Auction rate securities		5		-		-		5
	Trade receivable from provisional copper
		and gold concentrate sales, net		222		222		-		-
	Derivative instruments, net:
		Foreign exchange forward contracts		231		-		231		-
		Diesel forward contracts		11		-		11		-
			$	2,865	$	2,455	$	386	$	24
Liabilities:
	Boddington contingent consideration			43		-		-		43
	Holt property royalty			247		-		-		247
			$	290	$	-	$	-	$	290

Changes in the Fair Value of the Company's Level 3 Financial Assets

		Auction Rate Securities		Asset Backed Commercial Paper		Total Assets		Boddington Contingent Royalty		Holt Property Royalty		Total Liabilities
Balance at beginning of period		$	5	$	19	$	24	$	54	$	176	$	230
	Settlements		-		-		-		(11)		(4)		(15)
	Revaluation		-		-		-		-		75		75
Balance at end of period		$	5	$	19	$	24	$	43	$	247	$	290

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Condensed Consolidating Financial Statements

3 Months Ended

Mar. 31, 2012

Condensed Consolidating Financial Statements [Abstract]

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

NOTE 24    CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

Newmont USA, a 100% owned subsidiary of Newmont Mining Corporation, has fully and unconditionally guaranteed the 2019, 2022, 2035, 2039 and 2042Senior Notes, the 2014 and 2017 Convertible Senior Notes and the corporate revolving credit facility. The following consolidating financial statements are provided for Newmont USA, as guarantor, and for Newmont Mining Corporation, as issuer, as an alternative to providing separate financial statements for the guarantor. The accounts of Newmont Mining Corporation are presented using the equity method of accounting for investments in subsidiaries.

		Three Months Ended March 31, 2012
										Newmont
		Newmont								Mining
		Mining		Newmont		Other				Corporation
Condensed Consolidating Statement of Income		Corporation		USA		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	1,617	$	1,066	$	-	$	2,683
Costs and expenses
	Costs applicable to sales (1)		-		563		465		(11)		1,017
	Amortization		-		130		101		-		231
	Reclamation and remediation		-		11		5		-		16
	Exploration		-		53		35		-		88
	Advanced projects, research and development		-		88		14		-		102
	General and administrative		-		42		1		11		54
	Other expense, net		-		47		73		-		120
			-		934		694		-		1,628
Other income (expense)
	Other income, net		(3)		13		23		-		33
	Interest income - intercompany		40		2		5		(47)		-
	Interest expense - intercompany		(5)		-		(42)		47		-
	Interest expense, net		(46)		(5)		(1)		-		(52)
			(14)		10		(15)		-		(19)
Income before income and mining tax and other items
	items		(14)		693		357		-		1,036
Income and mining tax expense			5		(146)		(202)		-		(343)
Equity income (loss) of affiliates			499		(11)		67		(574)		(19)
Income (loss) from continuing operations			490		536		222		(574)		674
Income (loss) from discontinued operations			-		4		(75)		-		(71)
Net income			490		540		147		(574)		603
Net income attributable to noncontrolling interests			-		(116)		(32)		35		(113)
Net income attributable to Newmont stockholders		$	490	$	424	$	115	$	(539)	$	490
Comprehensive income		$	496	$	541	$	139	$	(565)	$	611
Comprehensive income attributable to
	noncontrolling interests		-		(116)		(34)		35		(115)
Comprehensive income attributable to Newmont
	stockholders	$	496	$	425	$	105	$	(530)	$	496

(1)Excludes Amortization and Reclamation and remediation.

		Three Months Ended March 31, 2011
										Newmont
		Newmont								Mining
		Mining		Newmont		Other				Corporation
Condensed Consolidating Statement of Income		Corporation		USA		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	1,518	$	947	$	-	$	2,465
Costs and expenses
	Costs applicable to sales (1)		-		566		384		(10)		940
	Amortization		-		159		97		-		256
	Reclamation and remediation		1		10		3		-		14
	Exploration		-		34		28		-		62
	Advanced projects, research and development		-		27		41		-		68
	General and administrative		-		34		1		10		45
	Other expense, net		-		54		19		-		73
			1		884		573		-		1,458
Other income (expense)
	Other income, net		(5)		25		11		-		31
	Interest income - intercompany		36		2		2		(40)		-
	Interest expense - intercompany		(3)		-		(37)		40		-
	Interest expense, net		(54)		(9)		(2)		-		(65)
			(26)		18		(26)		-		(34)
Income before income and mining tax and other
	items		(27)		652		348		-		973
Income and mining tax expense			10		(208)		(107)		-		(305)
Equity income (loss) of affiliates			531		1		89		(619)		2
Net income			514		445		330		(619)		670
Net income attributable to noncontrolling interests			-		(192)		(20)		56		(156)
Net income attributable to Newmont stockholders		$	514	$	253	$	310	$	(563)	$	514
Comprehensive income		$	795	$	462	$	595	$	(899)	$	953
Comprehensive income attributable to noncontrolling
	interests		-		(192)		(22)		56		(158)
Comprehensive income attributable to Newmont
	stockholders	$	795	$	270	$	573	$	(843)	$	795

(1)Excludes Amortization and Reclamation and remediation.

			Three Months Ended March 31, 2012
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
		Condensed Consolidating Statement of Cash Flows	Corporation		USA		Subsidiaries		Eliminations		Consolidated
Operating activities:
	Net income (loss)		$	490	$	540	$	147	$	(574)	$	603
	Adjustments			13		60		(281)		574		366
	Net change in operating assets and liabilities			(45)		(298)		(13)		-		(356)
Net cash provided from (used in) continuing operations				458		302		(147)		-		613
Net cash used in discontinued operations				-		-		(4)		-		(4)
Net cash provided from (used in) operations				458		302		(151)		-		609
Investing activities:
	Additions to property, plant and mine development			-		(479)		(217)		-		(696)
	Purchases of marketable securities			-		(143)		-		-		(143)
	Acquisitions, net			-		-		(11)		-		(11)
	Proceeds from sale of other assets			-		8		4		-		12
	Other			-		-		(17)		-		(17)
Net cash used in investing activities				-		(614)		(241)		-		(855)
Financing activities:
	Net borrowings (repayments)			1,547		(106)		(2)		-		1,439
	Payment of conversion premium on debt			(172)		-		-		-		(172)
	Net intercompany borrowings (repayments)			(1,662)		1,164		498		-		-
	Dividends paid to common stockholders			(173)		-		-		-		(173)
	Proceeds from stock issuance, net			2		-		-		-		2
	Other			-		-		(2)		-		(2)
Net cash provided from (used in) financing activities				(458)		1,058		494		-		1,094
Effect of exchange rate changes on cash				-		(2)		6		-		4
Net change in cash and cash equivalents				-		744		108		-		852
Cash and cash equivalents at beginning of period				-		1,526		234		-		1,760
Cash and cash equivalents at end of period			$	-	$	2,270	$	342	$	-	$	2,612

			Three Months Ended March 31, 2011
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
		Condensed Consolidating Statement of Cash Flows	Corporation		USA		Subsidiaries		Eliminations		Consolidated
Operating activities:
	Net income (loss)		$	514	$	445	$	330	$	(619)	$	670
	Adjustments			21		174		(516)		619		298
	Net change in operating assets and liabilities			8		(54)		67		-		21
Net cash provided from (used in) operations				543		565		(119)		-		989
Investing activities:
	Additions to property, plant and mine development			-		(238)		(164)		-		(402)
	Purchases of marketable securities			-		(1)		(11)		-		(12)
	Acquisitions, net			-		-		(7)		-		(7)
	Proceeds from sale of other assets			-		6		-		-		6
	Other			-		-		(3)		-		(3)
Net cash used in investing activities				-		(233)		(185)		-		(418)
Financing activities:
	Net borrowings (repayments)			-		(31)		-		-		(31)
	Net intercompany borrowings (repayments)			(472)		(1,948)		2,420		-		-
	Dividends paid to common stockholders			(74)		-		-		-		(74)
	Dividends paid to noncontrolling interests			-		(15)		-		-		(15)
	Proceeds from stock issuance, net			3		-		-		-		3
Net cash provided from (used in) financing activities				(543)		(1,994)		2,420		-		(117)
Effect of exchange rate changes on cash				-		(1)		24		-		23
Net change in cash and cash equivalents				-		(1,663)		2,140		-		477
Cash and cash equivalents at beginning of period				-		3,877		179		-		4,056
Cash and cash equivalents at end of period			$	-	$	2,214	$	2,319	$	-	$	4,533

			At March 31, 2012
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
Condensed Consolidating Balance Sheet			Corporation		USA		Subsidiaries		Eliminations		Consolidated
Assets
	Cash and cash equivalents		$	-	$	2,270	$	342	$	-	$	2,612
	Trade receivables			-		228		121		-		349
	Accounts receivable			1,199		2,268		293		(3,398)		362
	Investments			100		55		24		-		179
	Inventories			-		330		369		-		699
	Stockpiles and ore on leach pads			-		631		113		-		744
	Deferred income tax assets			6		252		5		-		263
	Other current assets			-		124		760		-		884
		Current assets		1,305		6,158		2,027		(3,398)		6,092
	Property, plant and mine development, net			-		7,266		9,127		(29)		16,364
	Investments			-		118		1,361		-		1,479
	Investments in subsidiaries			15,165		24		2,915		(18,104)		-
	Stockpiles and ore on leach pads			-		1,761		709		-		2,470
	Deferred income tax assets			792		808		52		-		1,652
	Other long-term assets			3,607		664		913		(4,280)		904
		Total assets	$	20,869	$	16,799	$	17,104	$	(25,811)	$	28,961
Liabilities
	Debt		$	-	$	59	$	10	$	-	$	69
	Accounts payable			1,472		1,174		1,254		(3,403)		497
	Employee-related benefits			-		171		74		-		245
	Income and mining taxes			-		94		249		-		343
	Other current liabilities			11		468		2,895		(1,957)		1,417
		Current liabilities		1,483		1,966		4,482		(5,360)		2,571
	Debt			6,035		1		45		-		6,081
	Reclamation and remediation liabilities			-		901		362		-		1,263
	Deferred income tax liabilities			-		641		1,459		-		2,100
	Employee-related benefits			5		369		110		-		484
	Other long-term liabilities			548		54		4,103		(4,308)		397
		Total liabilities		8,071		3,932		10,561		(9,668)		12,896
Equity
	Preferred stock			-		-		61		(61)		-
	Common stock			785		-		-		-		785
	Additional paid-in capital			7,986		3,050		5,697		(8,470)		8,263
	Accumulated other comprehensive income			658		(188)		1,158		(970)		658
	Retained earnings			3,369		6,481		(1,627)		(4,854)		3,369
	Newmont stockholders’ equity			12,798		9,343		5,289		(14,355)		13,075
	Noncontrolling interests			-		3,524		1,254		(1,788)		2,990
		Total equity		12,798		12,867		6,543		(16,143)		16,065
		Total liabilities and equity	$	20,869	$	16,799	$	17,104	$	(25,811)	$	28,961

			At December 31, 2011
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
Condensed Consolidating Balance Sheet			Corporation		USA		Subsidiaries		Eliminations		Consolidated
Assets
	Cash and cash equivalents		$	-	$	1,526	$	234	$	-	$	1,760
	Trade receivables			-		205		95		-		300
	Accounts receivable			1,415		3,447		264		(4,806)		320
	Investments			72		-		22		-		94
	Inventories			-		333		381		-		714
	Stockpiles and ore on leach pads			-		532		139		-		671
	Deferred income tax assets			134		257		5		-		396
	Other current assets			-		91		1,042		-		1,133
		Current assets		1,621		6,391		2,182		(4,806)		5,388
	Property, plant and mine development, net			-		6,917		8,990		(26)		15,881
	Investments			-		29		1,443		-		1,472
	Investments in subsidiaries			14,675		43		2,825		(17,543)		-
	Stockpiles and ore on leach pads			-		1,641		630		-		2,271
	Deferred income tax assets			708		838		59		-		1,605
	Other long-term assets			3,423		641		927		(4,134)		857
		Total assets	$	20,427	$	16,500	$	17,056	$	(26,509)	$	27,474
Liabilities
	Debt		$	514	$	165	$	10	$	-	$	689
	Accounts payable			2,698		1,327		1,343		(4,807)		561
	Employee-related benefits			-		222		85		-		307
	Income and mining taxes			-		45		205		-		250
	Other current liabilities			450		459		3,186		(1,962)		2,133
		Current liabilities		3,662		2,218		4,829		(6,769)		3,940
	Debt			3,578		1		45		-		3,624
	Reclamation and remediation liabilities			-		809		360		-		1,169
	Deferred income tax liabilities			-		732		1,415		-		2,147
	Employee-related benefits			5		355		99		-		459
	Other long-term liabilities			567		61		3,895		(4,159)		364
		Total liabilities		7,812		4,176		10,643		(10,928)		11,703
Equity
	Preferred stock			-		-		61		(61)		-
	Common stock			784		-		-		-		784
	Additional paid-in capital			8,127		3,050		5,702		(8,471)		8,408
	Accumulated other comprehensive income			652		(189)		1,168		(979)		652
	Retained earnings			3,052		6,055		(1,744)		(4,311)		3,052
	Newmont stockholders’ equity			12,615		8,916		5,187		(13,822)		12,896
	Noncontrolling interests			-		3,408		1,226		(1,759)		2,875
		Total equity		12,615		12,324		6,413		(15,581)		15,771
		Total liabilities and equity	$	20,427	$	16,500	$	17,056	$	(26,509)	$	27,474

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Supplemental Cash Flow Information

3 Months Ended

Mar. 31, 2012

Supplemental Cash Flow Information [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 23 SUPPLEMENTAL CASH FLOW INFORMATION
		Three Months Ended March 31,
		2012		2011
	Income and mining taxes, net of refunds	$	296	$	278
	Interest, net of amounts capitalized	$	23	$	20

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Other Expense, Net (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Other Expense, Net
Hope Bay care and maintenance	$ 50	$ 0
Regional administration	21	16
Community development	31	17
Western Australia power plant	4	4
World Gold Council dues	3	2
Indonesian value added tax settlement	0	21
Other	11	13
Other expense, total	$ 120	$ 73

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Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2012

Derivative Instruments (Tables) [Abstract]

Foreign Currency Derivative Contracts Outstanding

		Expected Maturity Date
																				Total/
		2012			2013			2014			2015			2016			2017			Average
A$ Operating Fixed Forward Contracts:
	A$ notional (millions)		935			987			701			407			202			11			3,243
	Average rate ($/A$)		0.92			0.92			0.90			0.88			0.89			0.89			0.91
	Expected hedge ratio		77	%		64	%		46	%		29	%		14	%		4	%
A$ Capital Fixed Forward Contracts:
	A$ notional (millions)		42			51			22			-			-			-			115
	Average rate ($/A$)		1.00			0.98			0.96			-			-			-			0.98
	Expected hedge ratio		41	%		24	%		48	%		-			-			-
NZ$ Operating Fixed Forward Contracts:
	NZ$ notional (millions)		48			29			2			-			-			-			79
	Average rate ($/NZ$)		0.76			0.78			0.77			-			-			-			0.77
	Expected hedge ratio		48	%		23	%		5	%		-			-			-

Diesel Derivative Contracts Outstanding

		Expected Maturity Date
														Total/
		2012			2013			2014			2015			Average
Diesel Fixed Forward Contracts:
	Diesel gallons (millions)		20			14			6			1			41
	Average rate ($/gallon)		2.89			2.94			2.91			2.90			2.90
	Expected hedge ratio		60	%		32	%		14	%		5	%

Fair Values of Derivative Instruments Designated as Hedges

		Fair Value
		At March 31, 2012
		Other Current Assets		Other Long-Term Assets		Other Current Liabilities		Other Long-Term Liabilities
Foreign currency exchange contracts:
	A$ operating fixed forwards	$	119	$	113	$	2	$	4
	A$ capital fixed forwards		1		1		-		-
	NZ$ operating fixed forwards		3		-		-		-
Diesel fixed forwards			9		2		-		-
Total derivative instruments (Note 19 and 21)		$	132	$	116	$	2	$	4
		Fair Value
		At December 31, 2011
		Other Current Assets		Other Long-Term Assets		Other Current Liabilities		Other Long-Term Liabilities
Foreign currency exchange contracts:
	A$ operating fixed forwards	$	121		112		6		4
	A$ capital fixed forwards		-		-		-		1
	NZ$ operating fixed forwards		2		-		1		-
Diesel fixed forwards			4		-		2		1
Forward starting interest rate swaps			-		-		399		-
Total derivative instruments (Note 19 and 21)		$	127	$	112	$	408	$	6

Location and Amount of Gains (Losses) Reported in Condensed Consolidated Financial Statements

			Foreign Currency			Diesel Forward				Forward Starting
			Exchange Contracts			Contracts				Swaps
		2012		2011		2012		2011		2012		2011
For the three months ended March 31,
Cash flow hedging relationships:
	Gain recognized in other comprehensive income (effective portion)	$	62	$	67	$	12	$	15	$	36	$	-
	Gain(loss) reclassified from Accumulated other comprehensive income into income (effective portion) (1)		47		42		3		4		(1)		-
	Gain reclassified from Accumulated other comprehensive loss into income (ineffective portion) (2)		-		-		-		-		2		-

(1)The gain for the effective portion of foreign exchange and diesel cash flow hedges reclassified from Accumulated other comprehensive income is included in Costs applicable to sales. The loss for the effective portion of forward starting swapsreclassified from Accumulated other comprehensive income is included in Interest Expense.

(2)The ineffective portion recognized for cash flow hedges is included inOther Income, net.

Gains (Losses) Recorded for Hedged Item Related to Fair Value Hedges

		Interest Rate				8 5/8% Debentures
		Swap Contracts				(Hedged Portion)
		2012		2011		2012		2011
For the three months ended March 31,
Fair value hedging relationships:
	Gain(loss) recognized in income (effective portion) (1)?	$	-	$	2	$	-	$	(5)
	Loss recognized in income (ineffective portion) (2)?		-		(1)		-		-

(1) The gain(loss) recognized for the effective portion of fair value hedges and the underlying hedged debt is included in Interest expense, net.

(2) The ineffective portion recognized for fair value hedges and the underlying hedged debt is included in Other income, net.

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2012

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 25    COMMITMENTS AND CONTINGENCIES

General

The Company follows ASC guidance in accounting for loss contingencies. Accordingly, estimated losses from contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable (greater than a 75% probability) that a liability could be incurred and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the contingency and estimated range of loss, if determinable is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.

Operating Segments

The Company's operating segments are identified in Note 3. Except as noted in this paragraph, all of the Company's commitments and contingencies specifically described in this Note 25relate to the Corporate and Other reportable segment. The PT Newmont Minahasa Raya and PTNNT matters relate to the Asia Pacific reportable segment. The Yanacochamatters relate to the South America reportable segment.

Environmental Matters

The Company's mining and exploration activities are subject to various laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. The Company conducts its operations so as to protect the public health and environment and believes its operations are in compliance with applicable laws and regulations in all material respects. The Company has made, and expects to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures.

Estimated future reclamation costs are based principally on legal and regulatory requirements. At March 31, 2012 and December 31, 2011, $1,136 and $1,070, respectively, were accrued for reclamation costs relating to currently or recently producing mineral properties in accordance with asset retirement obligation guidance. The current portions of $47 and $47 at March 31, 2012 and December 31, 2011, respectively, are included in Other current liabilities.

The Company is involved in several matters concerning environmental obligations associated with former mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. The Company believes that the related environmental obligations associated with these sites are similar in nature with respect to the development of remediation plans, their risk profile and the compliance required to meet general environmental standards. Based upon the Company's best estimate of its liability for these matters, $197 and $170 were accrued for such obligations at March 31, 2012 and December 31, 2011, respectively. These amounts are included in Other current liabilities and Reclamation and remediation liabilities. Depending upon the ultimate resolution of these matters, the Company believes that it is reasonably possible that the liability for these matters could be as much as 106% greater or 7% lower than the amount accrued at March 31, 2012. The amounts accrued are reviewed periodically based upon facts and circumstances available at the time. Changes in estimates are recorded in Reclamation and remediation in the period estimates are revised.

Details about certain of the more significant matters involved are discussed below.

Newmont USA Limited - 100% Newmont Owned

Grey Eagle Mine Site.    By letter dated September 3, 2002, the EPA notified Newmont that the EPA had expended $3 in response costs to address environmental conditions associated with a historic tailings pile located at the Grey Eagle Mine site near Happy Camp, California, and requested that Newmont pay those costs. The EPA has identified four potentially responsible parties, including Newmont. Newmont does not believe it has any liability for environmental conditions at the Grey Eagle Mine site, and intends to vigorously defend any formal claims by the EPA. Newmont cannot reasonably predict the likelihood or outcome of any future action against it arising from this matter.

Ross-Adams Mine Site.    By letter dated June 5, 2007, the U.S. Forest Service notified Newmont that it had expended approximately $0.3 in response costs to address environmental conditions at the Ross-Adams mine in Prince of Wales, Alaska, and requested Newmont USA Limited pay those costs and perform an Engineering Evaluation/Cost Analysis (“EE/CA”) to assess what future response activities might need to be completed at the site. Newmont intends to vigorously defend any formal claims by the EPA. Newmont has agreed to perform the EE/CA. Newmont cannot reasonably predict the likelihood or outcome of any future action against it arising from this matter.

PT Newmont Minahasa Raya (“PTNMR”) - 80% Newmont Owned

On March 22, 2007, an Indonesian non-governmental organization named Wahana Lingkungan Hidup Indonesia (“WALHI”) filed a civil suit against PTNMR, the Newmont subsidiary that operated the Minahasa mine in Indonesia, and Indonesia's Ministry of Energy & Mineral Resources and Ministry of Environment, alleging pollution from the government-approved and permitted disposal of mill tailings into Buyat Bay, and seeking a court order requiring PTNMR to fund a 25-year monitoring program in relation to Buyat Bay. In December 2007, the court ruled in PTNMR's favor and found that WALHI's allegations of pollution in BuyatBay were without merit. In March 2008, WALHI appealed this decision to the Indonesian High Court. On January 27, 2010, the Indonesian High Court upheld the December 2007 ruling in favor of PTNMR. On May 17, 2010, WALHI filed an appeal of the January 27, 2010 Indonesian High Court ruling seeking review from the Indonesian Supreme Court. Independent sampling and testing of Buyat Bay water and fish, as well as area residents, conducted by the World Health Organization and the Australian Commonwealth Scientific and Industrial Research Organization confirm that PTNMR has not polluted the Buyat Bay environment, and, therefore, has not adversely affected the fish in Buyat Bay or the health of nearby residents. Ongoing monitoring of seawater quality by an Independent Scientific Panel continues to confirm that PTNMR's operations have not adversely affected the environment. The Company remains steadfast that it has not caused pollution or health problems.

Other Legal Matters

Minera Yanacocha S.R.L. (“Yanacocha”) - 51.35% Newmont Owned

Choropampa.    In June 2000, a transport contractor of Yanacocha spilled approximately 151 kilograms of elemental mercury near the town of Choropampa, Peru, which is located 53 miles (85 kilometers) southwest of the Yanacocha mine. Elemental mercury is not used in Yanacocha's operations but is a by-product of gold mining and was sold to a Lima firm for use in medical instruments and industrial applications. A comprehensive health and environmental remediation program was undertaken by Yanacocha in response to the incident. In August 2000, Yanacocha paid under protest a fine of 1,740,000 Peruvian soles (approximately $0.5) to the Peruvian government. Yanacocha has entered into settlement agreements with a number of individuals impacted by the incident. As compensation for the disruption and inconvenience caused by the incident, Yanacocha entered into agreements with and provided a variety of public works in the three communities impacted by this incident. Yanacocha cannot predict the likelihood of additional expenditures related to this matter.

Additional lawsuits relating to the Choropampa incident were filed against Yanacocha in the local courts of Cajamarca, Peru, in May 2002 by over 900 Peruvian citizens. A significant number of the plaintiffs in these lawsuits entered into settlement agreements with Yanacocha prior to filing such claims. In April 2008, the Peruvian Supreme Court upheld the validity of these settlement agreements, which the Company expects to result in the dismissal of all claims brought by previously settled plaintiffs. Yanacocha has also entered into settlement agreements with approximately 350 additional plaintiffs. The claims asserted by approximately 200 plaintiffs remain. In 2011, Yanacocha was served with 22 complaints alleging grounds to nullify the settlements entered between Yanacocha and the plaintiffs. Yanacocha has answered the complaints and the court has dismissed several of the matters and the plaintiffs have filed appeals. Yanacocha will continue to vigorously defend its position. Neither the Company nor Yanacocha can reasonably estimate the ultimate loss relating to such claims.

PT Newmont Nusa Tenggara (“PTNNT”) – 31.5% Newmont Owned

Under the Batu Hijau Contract of Work, beginning in 2006 and continuing through 2010, a portion of PTNNT's shares were required to be offered for sale, first, to the Indonesian government or, second, to Indonesian nationals, equal to the difference between the following percentages and the percentage of shares already owned by the Indonesian government or Indonesian nationals (if such number is positive): 23% by March 31, 2006; 30% by March 31, 2007; 37% by March 31, 2008; 44% by March 31, 2009; and 51% by March 31, 2010. As PT Pukuafu Indah (“PTPI”), an Indonesian national, owned a 20% interest in PTNNT at all relevant times, in 2006, a 3% interest was required to be offered for sale and, in each of 2007 through 2010, an additional 7% interest was required to be offered (for an aggregate 31% interest). The price at which such interests were offered for sale to the Indonesian parties was the fair market value of such interest considering PTNNT as a going concern, as agreed with the Indonesian government.

In accordance with the Contract of Work, an offer to sell a 3% interest was made to the Indonesian government in 2006 and an offer for an additional 7% interest was made in each of 2007, 2008, 2009 and 2010. While the central government declined to participate in the 2006 and 2007 offers, local governments in the area in which the Batu Hijau mine is located expressed interest in acquiring shares, as did various Indonesian nationals. After disagreement with the government over whether the government's first right to purchase had expired and receipt of Notices of Default from the government claiming breach and threatening termination of the Contract of Work, on March 3, 2008, the Indonesian government filed for international arbitration as provided under the Contract of Work, as did PTNNT.

An international arbitration panel (the “Panel”) was appointed to resolve these claims and other claims that had arisen in relation to divestment and on March 31, 2009, the Panel issued its final award and decision on the matter. In its decision, the Panel determined that PTNNT's foreign shareholders had not complied with the divestiture procedure required by the Contract of Work in 2006 and 2007, but the Panel ruled that the Indonesian government was not entitled to immediately terminate the Contract of Work and rejected the Indonesian government's claim for damages. In November and December 2009, sale agreements were concluded pursuant to which the 2006, 2007 and 2008 shares were transferred to PT Multi Daerah Bersaing (“PTMDB”), the nominee of the local governments, and the 2009 shares were transferred to PTMDB in February 2010, resulting in PTMDB owning a 24% interest in PTNNT.

On December 17, 2010, the Ministry of Energy & Mineral Resources, acting on behalf of the Indonesian government, accepted the offer to acquire the final 7% interest in PTNNT. Subsequently, the Indonesian government designated Pusat Investasi Pemerintah (“PIP”), an agency of the Ministry of Finance, as the entity that will buy the final stake. On May 6, 2011, PIP and the foreign shareholders entered into a definitive agreement for the sale and purchase of the final 7% divestiture stake. Closing of the transaction is pending receipt of approvals from certain Indonesian government ministries. Subsequent to signing the agreement, a disagreement arose between the Ministry of Finance and the Indonesian parliament in regard to whether parliamentary approval was needed to allow PIP to make the share purchase. In October 2011, press reports stated that Indonesia's Supreme Audit Agency had determined that parliamentary approval is required. The Ministry of Finance continues to dispute the need for parliamentary approval and has filed a case with Indonesia's Constitutional Court to have the issue finally resolved. Further disputes may arise in regard to the divestiture of the 2010 shares.

As part of the negotiation of the sale agreements with PTMDB, the parties executed an operating agreement (the “Operating Agreement”) under which each recognizes the rights of the Company and Sumitomo to apply their operating standards to the management of PTNNT's operations, including standards for safety, environmental stewardship and community responsibility. The Operating Agreement became effective upon the completion of the sale of the 2009 shares in February 2010 and will continue for so long as the Company and Sumitomo own more shares of PTNNT than PTMDB. If the Operating Agreement terminates, then the Company may lose control over the applicable operating standards for Batu Hijau and will be at risk for operations conducted in a manner that either detracts from value or results in safety, environmental or social standards below those adhered to by the Company and Sumitomo.

In the event of any future disputes under the Contract of Work or Operating Agreement, there can be no assurance that the Company would prevail in any such dispute and any termination of such contracts could result in substantial diminution in the value of the Company's interests in PTNNT.

Effective January 1, 2011, the local government in the region where the Batu Hijau mine is located commenced the enforcement of local regulations that purport to require PTNNT to pay additional taxes based on revenue and the value of PTNNT's contracts. In addition, the regulations purport to require PTNNT to obtain certain export-related documents from the regional government for purposes of shipping copper concentrate. PTNNT is required to and has obtained all export related-documents in compliance with the laws and regulations of the central government. PTNNT believes that the new regional regulations are not enforceable as they expressly contradict higher level Indonesian laws that set out the permissible taxes that can be imposed by a regional government and all effective export requirements. PTNNT's position is supported by Indonesia's Ministry of Energy & Mineral Resources, Ministry of Trade, and the provincial government. To date, PTNNT has not been forced to comply with these new contradictory regional regulations. On February 4, 2011, PTNNT filed legal proceedings seeking to have the regulations declared null and void because they conflict with the laws of Indonesia. Subsequently, the Ministry of Home Affairs issued a decree declaring these local regulations to be contrary to Indonesian law and thus unenforceable. Further disputes with the local government could arise in relation to these regulations. PTNNT intends to vigorously defend its position in this dispute.

Additionally, in September 2011, WALHI brought an administrative law claim against Indonesia's Ministry of Environment to challenge the May 2011 renewal of PTNNT's submarine tailings permit. PTNNT and the regional government of KSB (“KSB”) filed separate applications for intervention into the proceedings, both of which were accepted by the Administrative Court. KSB intervened on the side of WALHI, and PTNNT joined on the side of the Ministry of Environment. On April 3, 2012, the Administrative Court ruled in favor of the Ministry of Environment and PTNNT, finding that the Ministry of Environment properly renewed the permit in accordance with Indonesian law and regulations. WALHI has announced that it has appealed the verdict. PTNNT will continue to defend its submarine tailings permit and is confident that the Ministry of Environment acted properly in renewing PTNNT's permit.

Claim against Newmont Mining Corporation relating to PTNNT divestiture

The Company is aware of a lawsuit apparently filed by Indonesian citizens living in the province of Nusa Tenggara Barat against Indonesia's Ministry of Finance and other government officials (as defendants) and against PTNNT and the Company (as co-defendants). Plaintiffs claim that the purchase by the central government of the final 7% divestiture stake in PTNNT violates, or would violate, their human rights. PTNNT's alleged liability appears supposedly to arise from being a party involved in the process of divestiture, and the Company's from being a holding company of PTNNT. The allegations regarding alleged liability are vague and unclear. Plaintiffs seek various relief, including an order requiring the defendants and co-defendants to transfer the final 7% stake to the regional government of Nusa Tenggara Barat and a payment of approximately $247 in damages. The Company considers that there has been no proper service of process, that there is lack of jurisdiction, and that the claims, including those pertaining to it and PTNNT, are entirely without merit.

PT Pukuafu Indah Litigation

In October 2009, PTPI filed a lawsuit in the Central Jakarta District Court against PTNNT and the Indonesian government seeking to cancel the March 2009 arbitration award pertaining to the manner in which divestiture of shares in PTNNT should proceed (refer to the discussion of PTNNT above for the arbitration results). On October 11, 2010, the District Court ruled in favor of PTNNT and the Indonesian government finding, among other things, that PTPI lacks standing to contest the validity of the arbitration award. PTPI filed an appeal to the High Court, which was rejected by the High Court on January 4, 2012. PTPI has not yet further appealed the case.

Subsequent to its initial claim, PTPI filed numerous additional lawsuits, three of which have been withdrawn, against Newmont Indonesia Limited (“NIL”) and Nusa Tenggara Mining Corporation (“NTMC”), a subsidiary of Sumitomo, in the South Jakarta District Court. Fundamentally, the cases all relate to PTPI's contention that it owns, or has rights to own, the shares in PTNNT that have been or will be divested to fulfill the requirements of the PTNNT Contract of Work and the March 2009 arbitration award. PTPI also makes various other allegations, including alleged rights in or to the Company's or NTMC's non-divestiture shares in PTNNT, and PTPI asserts claims for significant damages allegedly arising from NIL's and NTMC's unlawful acts in transferring the divestiture shares to a third party. On November 30, 2010, the South Jakarta District Court rendered a decision in favor of PTPI in one of the cases that included an order that NIL/NTMC transfer 31% of PTNNT shares to PTPI and pay PTPI $26 in damages and certain monetary penalties. The order is not final and binding until the appeal process is completed. NIL and NTMC appealed the decision. On June 28, 2011, the South Jakarta District Court ruled in favor of NIL and NTMC in one of PTPI's lawsuits contending that PTPI has rights in or to NIL's and NTMC's non-divestiture shares. In the Company's view, this ruling further conflicts with the November 30, 2010 ruling finding that PTPI has rights in the divestiture shares. PTPI has filed a notice of appeal. In March 2012, the District Court dismissed PTPI's final two cases that were pending at the trial court level, and PTPI has to date appealed one of these lawsuits.

In January 2010, PTPI also filed a lawsuit against PTNNT's President Director, Mr. Martiono Hadianto, alleging wrongful acts associated with the arbitration, including failure to properly share certain information. The South Jakarta District Court issued a decision partially in favor of PTPI against the PTNNT President Director, requiring the production of arbitration documents. The PTNNT President Director has appealed the decision, which is nonbinding until the appeal process is completed.

Newmont, Sumitomo and PTNNT's management believe that all of PTPI's claims in these matters are without merit and constitute a material breach of a written release agreement executed by PTPI in 2009, in which it and its shareholders committed to cease prosecution of all then-pending lawsuits and not to initiate new proceedings, in conjunction with Newmont's provision of financing to PTPI in late 2009.

In August 2010, NIL and NVL USA Limited (“NVL”) commenced an arbitration against PTPI in the Singapore International Arbitration Centre, as provided in relevant financing agreements, seeking declarations that PTPI has violated the release agreement by failing to dismiss its Indonesian lawsuits, that PTPI is in breach of the November 2009 loan facility and related agreements, and that NIL and NVL are entitled to damages arising from PTPI's and its shareholders' conduct.

On October 1, 2010, NIL and NVL requested, based upon the release agreement, that the arbitral tribunal issue an interim order requiring PTPI and its shareholders to discontinue the various Indonesian court proceedings and refrain from bringing additional lawsuits. On October 15, 2010, the tribunal issued an order granting NIL and NVL's request. The order of the tribunal restrains PTPI and its agents from “proceeding with or continuing with or assisting or participating in the prosecution of the Indonesian [s]uits” and from commencing additional proceedings relating to the same subject matter as the Indonesian lawsuits. NIL and NVL obtained an enforcement order in Singapore courts but it is not known whether PTPI and its shareholders will abide by the court order. PTPI and its shareholders' proceedings in Singapore court to contest enforcement of the interim award were rejected by the court.

On April 7, 2011, the arbitral tribunal issued a final award, while keeping the proceedings open to allow NIL and NVL to seek further relief as necessary, finding PTPI and its shareholders in breach of various provisions of the financing agreements, including the release agreement. The tribunal, for the second time, ordered PTPI and its agents to restrain from proceeding with the Indonesian lawsuits or filing new lawsuits relating to the same subject matter. In addition, the tribunal ordered PTPI and other shareholder defendants, collectively, to pay more than $11 in damages, costs and expenses. NIL and NVL obtained an enforcement order in Singapore courts but it is not known whether PTPI and its shareholders will comply with the court order. NIL and NVL have also registered the final award in the Central Jakarta District Court to seek enforcement in Indonesia.

The Company intends to continue vigorously defending the PTPI lawsuits and pursuing its claims against PTPI.

NWG Investments Inc. v. Fronteer Gold Inc.

In April 2011, Newmont acquired Fronteer Gold Inc. (“Fronteer”). Fronteer has been named as a defendant in a lawsuit filed in New York State Supreme Court by NWG Investments Inc. (“NWG”).

Fronteer acquired NewWest Gold Corporation (“NewWest Gold”) in September 2007. At the time of that acquisition, NWG owned approximately 86% of NewWest Gold and an individual named Jacob Safra owned or controlled 100% of NWG. Prior to its acquisition of NewWest Gold, Fronteer entered into a June 2007 lock-up agreement with NWG providing that, among other things, NWG would support Fronteer's acquisition of NewWest Gold. At that time, Fronteer owned approximately 42% of Aurora Energy Resources Inc. (“Aurora”), which, among other things, had a uranium exploration project in Labrador, Canada.

NWG contends that, during the negotiations leading up to the lock-up agreement, Fronteer represented to NWG that Aurora would commence uranium mining in Labrador by 2013, that this was a firm date, that Fronteer was not aware of any obstacle to doing so, that Aurora faced no serious environmental issues in Labrador and that Aurora's competitors faced greater delays in commencing uranium mining. NWG further contends that it entered into the lock-up agreement and agreed to support Fronteer's acquisition of NewWest Gold in reliance upon these purported representations. On October 11, 2007, less than three weeks after the Fronteer-NewWest Gold transaction closed, a member of the Nunatsiavut Assembly introduced a motion calling for the adoption of a moratorium on uranium mining in Labrador. On April 8, 2008, the Nunatsiavut Assembly adopted a three-year moratorium on uranium mining in Labrador. NWG contends that Fronteer was aware during the negotiations of the NWG/Fronteer lock-up agreement that the Nunatsiavut Assembly planned on adopting this moratorium and that its adoption would preclude Aurora from commencing uranium mining by 2013, but Fronteer nonetheless fraudulently induced NWG to enter into the lock-up agreement.

NWG has not yet filed or served a complaint upon Fronteer or Newmont. Newmont intends to defend this matter, but cannot reasonably predict the outcome.

Other Commitments and Contingencies

Tax contingencies are provided for in accordance with ASC income tax guidance (see Note 9).

The Company has minimum royalty obligations on one of its producing mines in Nevada for the life of the mine. Amounts paid as a minimum royalty (where production royalties are less than the minimum obligation) in any year are recoverable in future years when the minimum royalty obligation is exceeded. Although the minimum royalty requirement may not be met in a particular year, the Company expects that over the mine life, gold production will be sufficient to meet the minimum royalty requirements. Minimum royalty payments payable are $28in 2012through2016and$223 thereafter.

As part of its ongoing business and operations, the Company and its affiliates are required to provide surety bonds, bank letters of credit and bank guarantees as financial support for various purposes, including environmental reclamation, exploration permitting, workers compensation programs and other general corporate purposes. At March 31, 2012and December 31, 2011, there were $1,482 and $1,354, respectively, of outstanding letters of credit, surety bonds and bank guarantees. The surety bonds, letters of credit and bank guarantees reflect fair value as a condition of their underlying purpose and are subject to fees competitively determined in the market place. The obligations associated with these instruments are generally related to performance requirements that the Company addresses through its ongoing operations. As the specific requirements are met, the beneficiary of the associated instrument cancels and/or returns the instrument to the issuing entity. Certain of these instruments are associated with operating sites with long-lived assets and will remain outstanding until closure. Generally, bonding requirements associated with environmental regulation are becoming more restrictive. However, the Company believes it is in compliance with all applicable bonding obligations and will be able to satisfy future bonding requirements, through existing or alternative means, as they arise.

Newmont is from time to time involved in various legal proceedings related to its business. Except in the above-described proceedings, management does not believe that adverse decisions in any pending or threatened proceeding or that amounts that may be required to be paid by reason thereof will have a material adverse effect on the Company's financial condition or results of operations.

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Supplementary Data

3 Months Ended

Mar. 31, 2012

Supplementary Data [Abstract]

SUPPLEMENTARY DATA

NOTE 26    SUPPLEMENTARY DATA

Ratio of Earnings to Fixed Charges

The ratio of earnings to fixed charges for the three months endedMarch 31, 2012 was 13.5. The ratio of earnings to fixed charges represents incomebefore income and mining tax expense, equity income (loss) of affiliates, loss from discontinued operations and net income attributable to noncontrolling interests, divided by interest expense. Interest expense includes amortization of capitalized interest and the portion of rent expense representative of interest. Interest expense does not include interest on income tax liabilities. The computation of the ratio of earnings to fixed charges can be found in Exhibit 12.1.

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Segment Information

3 Months Ended

Mar. 31, 2012

Mar. 31, 2011

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE 3    SEGMENT INFORMATION

					Costs				Advanced
					Applicable to				Projects and		Pre-Tax		Total		Capital
			Sales		Sales		Amortization		Exploration		Income		Assets		Expenditures(1)
Three Months Ended March 31, 2012
Nevada			$	723	$	267	$	53	$	34	$	369	$	7,092	$	157
La Herradura				93		32		5		6		45		371		21
Hope Bay				-		-		-		-		(50)		108		-
Other North America				-		-		-		-		(2)		67		-
	North America			816		299		58		40		362		7,638		178
Yanacocha				594		161		50		17		349		2,745		93
Conga				-		-		-		27		(27)		1,254		147
Other South America				-		-		-		25		(25)		42		-
	South America			594		161		50		69		297		4,041		240
Boddington:
	Gold			298		137		32		N/A		N/A		N/A		N/A
	Copper			61		30		6		N/A		N/A		N/A		N/A
		Total		359		167		38		3		143		4,661		23
Batu Hijau:
	Gold			34		19		3		N/A		N/A		N/A		N/A
	Copper			172		85		16		N/A		N/A		N/A		N/A
		Total		206		104		19		7		48		3,671		33
Other Australia/New Zealand				427		190		36		15		179		1,300		70
Other Asia Pacific				-		-		1		6		5		695		3
	Asia Pacific			992		461		94		31		375		10,327		129
Ahafo				281		96		24		11		150		1,277		50
Akyem				-		-		-		4		(5)		653		85
Other Africa				-		-		-		2		(2)		5		-
	Africa			281		96		24		17		143		1,935		135
Corporate and Other				-		-		5		33		(141)		5,020		38
Consolidated			$	2,683	$	1,017	$	231	$	190	$	1,036	$	28,961	$	720
(1)	Includes an increase in accrued capital expenditures of $24; consolidated capital expenditures on a cash basis were $696.

					Costs				Advanced
					Applicable to				Projects and		Pre-Tax		Total		Capital
			Sales		Sales		Amortization		Exploration		Income		Assets		Expenditures(1)
Three Months Ended March 31, 2011
Nevada			$	582	$	272	$	72	$	17	$	216	$	3,414	$	95
La Herradura				65		18		4		6		36		254		16
Hope Bay				-		-		3		44		(48)		2,259		19
Other North America				-		-		-		-		(2)		125		-
	North America			647		290		79		67		202		6,052		130
Yanacocha				362		153		53		6		149		2,677		41
Conga				-		-		-		3		(4)		335		64
Other South America				-		-		-		7		(6)		36		-
	South America			362		153		53		16		139		3,048		105
Boddington:
	Gold			232		100		28		N/A		N/A		N/A		N/A
	Copper			53		28		7		N/A		N/A		N/A		N/A
		Total		285		128		35		1		104		4,393		49
Batu Hijau:
	Gold			140		34		7		N/A		N/A		N/A		N/A
	Copper			369		89		20		N/A		N/A		N/A		N/A
		Total		509		123		27		-		323		3,627		40
Other Australia/New Zealand				415		166		35		12		197		1,049		62
Other Asia Pacific				-		-		1		1		-		548		2
	Asia Pacific			1,209		417		98		14		624		9,617		153
Ahafo				247		80		22		7		136		1,039		15
Akyem				-		-		-		1		(1)		320		28
Other Africa				-		-		-		-		(1)		6		-
	Africa			247		80		22		8		134		1,365		43
Corporate and Other				-		-		4		25		(126)		6,772		14
Consolidated			$	2,465	$	940	$	256	$	130	$	973	$	26,854	$	445
(1)	Includes an increase in accrued capital expenditures of $43; consolidated capital expenditures on a cash basis were $402.

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2012

Summary of Significant Accounting Policies [Abstract]

Recently Adopted Accounting Pronouncements

Recently Adopted Accounting Pronouncements

Goodwill Impairment

In September 2011, the ASC guidance was issued related to goodwill impairment. Under the updated guidance, an entity will have the option to first assess qualitatively whether it is necessary to perform the current two-step goodwill impairment test. If the Company believes, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. The update does not change how the Company performs the two-step impairment test under current guidance. The Company's January 1, 2012 adoption of the guidance had no impact on the Company's consolidated financial position, results of operations or cash flows.

Fair Value Accounting

In May 2011, ASC guidance was issued related to disclosures around fair value accounting. The updated guidance clarifies different components of fair value accounting including the application of the highest and best use and valuation premise concepts, measuring the fair value of an instrument classified in a reporting entity's shareholders' equity and disclosing quantitative information about the unobservable inputs used in fair value measurements that are categorized in Level 3 of the fair value hierarchy. The Company's January 1, 2012 adoption of the updated guidance had no impact on the Company's consolidated financial position, results of operations or cash flows.

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Net Income Attributable to Noncontrolling Interests (Tables)

3 Months Ended

Mar. 31, 2012

Net Income Attributable to Noncontrolling Interests (Tables) [Abstract]

Net Income Attributable to Noncontrolling Interests

NOTE 11 NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
		Three Months Ended March 31,
		2012		2011
	Yanacocha	$	111	$	56
	Batu Hijau		13		102
	Other		(11)		(2)
		$	113	$	156

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Condensed Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2012

Condensed Consolidating Financial Statements (Tables) [Abstract]

Condensed Consolidating Statement of Income

		Three Months Ended March 31, 2012
										Newmont
		Newmont								Mining
		Mining		Newmont		Other				Corporation
Condensed Consolidating Statement of Income		Corporation		USA		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	1,617	$	1,066	$	-	$	2,683
Costs and expenses
	Costs applicable to sales (1)		-		563		465		(11)		1,017
	Amortization		-		130		101		-		231
	Reclamation and remediation		-		11		5		-		16
	Exploration		-		53		35		-		88
	Advanced projects, research and development		-		88		14		-		102
	General and administrative		-		42		1		11		54
	Other expense, net		-		47		73		-		120
			-		934		694		-		1,628
Other income (expense)
	Other income, net		(3)		13		23		-		33
	Interest income - intercompany		40		2		5		(47)		-
	Interest expense - intercompany		(5)		-		(42)		47		-
	Interest expense, net		(46)		(5)		(1)		-		(52)
			(14)		10		(15)		-		(19)
Income before income and mining tax and other items
	items		(14)		693		357		-		1,036
Income and mining tax expense			5		(146)		(202)		-		(343)
Equity income (loss) of affiliates			499		(11)		67		(574)		(19)
Income (loss) from continuing operations			490		536		222		(574)		674
Income (loss) from discontinued operations			-		4		(75)		-		(71)
Net income			490		540		147		(574)		603
Net income attributable to noncontrolling interests			-		(116)		(32)		35		(113)
Net income attributable to Newmont stockholders		$	490	$	424	$	115	$	(539)	$	490
Comprehensive income		$	496	$	541	$	139	$	(565)	$	611
Comprehensive income attributable to
	noncontrolling interests		-		(116)		(34)		35		(115)
Comprehensive income attributable to Newmont
	stockholders	$	496	$	425	$	105	$	(530)	$	496

(1)Excludes Amortization and Reclamation and remediation.

		Three Months Ended March 31, 2011
										Newmont
		Newmont								Mining
		Mining		Newmont		Other				Corporation
Condensed Consolidating Statement of Income		Corporation		USA		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	1,518	$	947	$	-	$	2,465
Costs and expenses
	Costs applicable to sales (1)		-		566		384		(10)		940
	Amortization		-		159		97		-		256
	Reclamation and remediation		1		10		3		-		14
	Exploration		-		34		28		-		62
	Advanced projects, research and development		-		27		41		-		68
	General and administrative		-		34		1		10		45
	Other expense, net		-		54		19		-		73
			1		884		573		-		1,458
Other income (expense)
	Other income, net		(5)		25		11		-		31
	Interest income - intercompany		36		2		2		(40)		-
	Interest expense - intercompany		(3)		-		(37)		40		-
	Interest expense, net		(54)		(9)		(2)		-		(65)
			(26)		18		(26)		-		(34)
Income before income and mining tax and other
	items		(27)		652		348		-		973
Income and mining tax expense			10		(208)		(107)		-		(305)
Equity income (loss) of affiliates			531		1		89		(619)		2
Net income			514		445		330		(619)		670
Net income attributable to noncontrolling interests			-		(192)		(20)		56		(156)
Net income attributable to Newmont stockholders		$	514	$	253	$	310	$	(563)	$	514
Comprehensive income		$	795	$	462	$	595	$	(899)	$	953
Comprehensive income attributable to noncontrolling
	interests		-		(192)		(22)		56		(158)
Comprehensive income attributable to Newmont
	stockholders	$	795	$	270	$	573	$	(843)	$	795

(1)Excludes Amortization and Reclamation and remediation.

Condensed Consolidating Statement of Cash Flows

			Three Months Ended March 31, 2012
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
		Condensed Consolidating Statement of Cash Flows	Corporation		USA		Subsidiaries		Eliminations		Consolidated
Operating activities:
	Net income (loss)		$	490	$	540	$	147	$	(574)	$	603
	Adjustments			13		60		(281)		574		366
	Net change in operating assets and liabilities			(45)		(298)		(13)		-		(356)
Net cash provided from (used in) continuing operations				458		302		(147)		-		613
Net cash used in discontinued operations				-		-		(4)		-		(4)
Net cash provided from (used in) operations				458		302		(151)		-		609
Investing activities:
	Additions to property, plant and mine development			-		(479)		(217)		-		(696)
	Purchases of marketable securities			-		(143)		-		-		(143)
	Acquisitions, net			-		-		(11)		-		(11)
	Proceeds from sale of other assets			-		8		4		-		12
	Other			-		-		(17)		-		(17)
Net cash used in investing activities				-		(614)		(241)		-		(855)
Financing activities:
	Net borrowings (repayments)			1,547		(106)		(2)		-		1,439
	Payment of conversion premium on debt			(172)		-		-		-		(172)
	Net intercompany borrowings (repayments)			(1,662)		1,164		498		-		-
	Dividends paid to common stockholders			(173)		-		-		-		(173)
	Proceeds from stock issuance, net			2		-		-		-		2
	Other			-		-		(2)		-		(2)
Net cash provided from (used in) financing activities				(458)		1,058		494		-		1,094
Effect of exchange rate changes on cash				-		(2)		6		-		4
Net change in cash and cash equivalents				-		744		108		-		852
Cash and cash equivalents at beginning of period				-		1,526		234		-		1,760
Cash and cash equivalents at end of period			$	-	$	2,270	$	342	$	-	$	2,612

			Three Months Ended March 31, 2011
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
		Condensed Consolidating Statement of Cash Flows	Corporation		USA		Subsidiaries		Eliminations		Consolidated
Operating activities:
	Net income (loss)		$	514	$	445	$	330	$	(619)	$	670
	Adjustments			21		174		(516)		619		298
	Net change in operating assets and liabilities			8		(54)		67		-		21
Net cash provided from (used in) operations				543		565		(119)		-		989
Investing activities:
	Additions to property, plant and mine development			-		(238)		(164)		-		(402)
	Purchases of marketable securities			-		(1)		(11)		-		(12)
	Acquisitions, net			-		-		(7)		-		(7)
	Proceeds from sale of other assets			-		6		-		-		6
	Other			-		-		(3)		-		(3)
Net cash used in investing activities				-		(233)		(185)		-		(418)
Financing activities:
	Net borrowings (repayments)			-		(31)		-		-		(31)
	Net intercompany borrowings (repayments)			(472)		(1,948)		2,420		-		-
	Dividends paid to common stockholders			(74)		-		-		-		(74)
	Dividends paid to noncontrolling interests			-		(15)		-		-		(15)
	Proceeds from stock issuance, net			3		-		-		-		3
Net cash provided from (used in) financing activities				(543)		(1,994)		2,420		-		(117)
Effect of exchange rate changes on cash				-		(1)		24		-		23
Net change in cash and cash equivalents				-		(1,663)		2,140		-		477
Cash and cash equivalents at beginning of period				-		3,877		179		-		4,056
Cash and cash equivalents at end of period			$	-	$	2,214	$	2,319	$	-	$	4,533

Condensed Consolidating Balance Sheet

			At March 31, 2012
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
Condensed Consolidating Balance Sheet			Corporation		USA		Subsidiaries		Eliminations		Consolidated
Assets
	Cash and cash equivalents		$	-	$	2,270	$	342	$	-	$	2,612
	Trade receivables			-		228		121		-		349
	Accounts receivable			1,199		2,268		293		(3,398)		362
	Investments			100		55		24		-		179
	Inventories			-		330		369		-		699
	Stockpiles and ore on leach pads			-		631		113		-		744
	Deferred income tax assets			6		252		5		-		263
	Other current assets			-		124		760		-		884
		Current assets		1,305		6,158		2,027		(3,398)		6,092
	Property, plant and mine development, net			-		7,266		9,127		(29)		16,364
	Investments			-		118		1,361		-		1,479
	Investments in subsidiaries			15,165		24		2,915		(18,104)		-
	Stockpiles and ore on leach pads			-		1,761		709		-		2,470
	Deferred income tax assets			792		808		52		-		1,652
	Other long-term assets			3,607		664		913		(4,280)		904
		Total assets	$	20,869	$	16,799	$	17,104	$	(25,811)	$	28,961
Liabilities
	Debt		$	-	$	59	$	10	$	-	$	69
	Accounts payable			1,472		1,174		1,254		(3,403)		497
	Employee-related benefits			-		171		74		-		245
	Income and mining taxes			-		94		249		-		343
	Other current liabilities			11		468		2,895		(1,957)		1,417
		Current liabilities		1,483		1,966		4,482		(5,360)		2,571
	Debt			6,035		1		45		-		6,081
	Reclamation and remediation liabilities			-		901		362		-		1,263
	Deferred income tax liabilities			-		641		1,459		-		2,100
	Employee-related benefits			5		369		110		-		484
	Other long-term liabilities			548		54		4,103		(4,308)		397
		Total liabilities		8,071		3,932		10,561		(9,668)		12,896
Equity
	Preferred stock			-		-		61		(61)		-
	Common stock			785		-		-		-		785
	Additional paid-in capital			7,986		3,050		5,697		(8,470)		8,263
	Accumulated other comprehensive income			658		(188)		1,158		(970)		658
	Retained earnings			3,369		6,481		(1,627)		(4,854)		3,369
	Newmont stockholders’ equity			12,798		9,343		5,289		(14,355)		13,075
	Noncontrolling interests			-		3,524		1,254		(1,788)		2,990
		Total equity		12,798		12,867		6,543		(16,143)		16,065
		Total liabilities and equity	$	20,869	$	16,799	$	17,104	$	(25,811)	$	28,961

			At December 31, 2011
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
Condensed Consolidating Balance Sheet			Corporation		USA		Subsidiaries		Eliminations		Consolidated
Assets
	Cash and cash equivalents		$	-	$	1,526	$	234	$	-	$	1,760
	Trade receivables			-		205		95		-		300
	Accounts receivable			1,415		3,447		264		(4,806)		320
	Investments			72		-		22		-		94
	Inventories			-		333		381		-		714
	Stockpiles and ore on leach pads			-		532		139		-		671
	Deferred income tax assets			134		257		5		-		396
	Other current assets			-		91		1,042		-		1,133
		Current assets		1,621		6,391		2,182		(4,806)		5,388
	Property, plant and mine development, net			-		6,917		8,990		(26)		15,881
	Investments			-		29		1,443		-		1,472
	Investments in subsidiaries			14,675		43		2,825		(17,543)		-
	Stockpiles and ore on leach pads			-		1,641		630		-		2,271
	Deferred income tax assets			708		838		59		-		1,605
	Other long-term assets			3,423		641		927		(4,134)		857
		Total assets	$	20,427	$	16,500	$	17,056	$	(26,509)	$	27,474
Liabilities
	Debt		$	514	$	165	$	10	$	-	$	689
	Accounts payable			2,698		1,327		1,343		(4,807)		561
	Employee-related benefits			-		222		85		-		307
	Income and mining taxes			-		45		205		-		250
	Other current liabilities			450		459		3,186		(1,962)		2,133
		Current liabilities		3,662		2,218		4,829		(6,769)		3,940
	Debt			3,578		1		45		-		3,624
	Reclamation and remediation liabilities			-		809		360		-		1,169
	Deferred income tax liabilities			-		732		1,415		-		2,147
	Employee-related benefits			5		355		99		-		459
	Other long-term liabilities			567		61		3,895		(4,159)		364
		Total liabilities		7,812		4,176		10,643		(10,928)		11,703
Equity
	Preferred stock			-		-		61		(61)		-
	Common stock			784		-		-		-		784
	Additional paid-in capital			8,127		3,050		5,702		(8,471)		8,408
	Accumulated other comprehensive income			652		(189)		1,168		(979)		652
	Retained earnings			3,052		6,055		(1,744)		(4,311)		3,052
	Newmont stockholders’ equity			12,615		8,916		5,187		(13,822)		12,896
	Noncontrolling interests			-		3,408		1,226		(1,759)		2,875
		Total equity		12,615		12,324		6,413		(15,581)		15,771
		Total liabilities and equity	$	20,427	$	16,500	$	17,056	$	(26,509)	$	27,474

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Other Liabilities (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Other current liabilities:
Refinery metal payable	$ 500	$ 796
Accrued capital expenditures	267	248
Accrued operating costs	256	231
Taxes other than income and mining	86	93
Reclamation and remediation liabilities	70	71
Deferred income tax	57	50
Royalties	43	53
Boddington contingent consideration	39	24
Holt property royalty	21	17
Interest	12	55
Derivative instruments	2	408
Other	64	87
Other current liabilities, total	1,417	2,133
Other long-term liabilities:
Holt property royalty	226	159
Income and mining taxes	86	88
Power supply agreements	46	45
Derivative instruments	4	6
Boddington contingent consideration	4	30
Other	31	36
Other long-term liabilities, total	$ 397	$ 364

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) [Abstract]
Sales	$ 2,683	$ 2,465
Costs and expenses
Costs applicable to sales	1,017	940
Amortization	231	256
Reclamation and remediation	16	14
Exploration	88	62
Advanced projects, research and development	102	68
General and administrative	54	45
Other expense, net	120	73
Total costs and expenses	1,628	1,458
Other income (expense)
Other income, net	33	31
Interest expense, net	(52)	(65)
Total other income (expense)	(19)	(34)
Income before income and mining tax and other items	1,036	973
Income and mining tax expense	(343)	(305)
Equity income (loss) of affiliates	(19)	2
Income from continuing operations	674	670
Loss from discontinued operations	(71)	0
Net income	603	670
Net income attributable to noncontrolling interests	(113)	(156)
Net income attributable to Newmont stockholders	490	514
Net income attributable to Newmont stockholders:
Continuing operations	561	514
Discontinued operations	(71)	0
Net income attributable to Newmont stockholders	$ 490	$ 514
Income per common share, basic
Continuing operations	$ 1.13	$ 1.04
Discontinued operations	$ (0.14)	$ 0
Income per common share, basic	$ 0.99	$ 1.04
Income per common share, diluted
Continuing operations	$ 1.11	$ 1.03
Discontinued operations	$ (0.14)	$ 0
Income per common share, diluted	$ 0.97	$ 1.03
Cash dividends declared per common share	$ 0.35	$ 0.15

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Investments (Tables)

3 Months Ended

Mar. 31, 2012

Investments (Tables) [Abstract]

Investment in Marketable Securities

NOTE 16 INVESTMENTS
				At March 31, 2012
				Cost/Equity		Unrealized				Fair/Equity
				Basis		Gain		Loss		Basis
	Current:
		Marketable Equity Securities:
			Paladin Energy Ltd.	$	60	$	40	$	-	$	100
			Other		15		10		(1)		24
					75		50		(1)		124
		Marketable Debt Securities:
			Corporate		55		-		-		55
				$	130	$	50	$	(1)	$	179
	Long-term:
		Marketable Debt Securities:
			Asset backed commercial paper	$	25	$	-	$	(6)	$	19
			Auction rate securities		8		-		(3)		5
			Corporate		87		2		-		89
					120		2		(9)		113
		Marketable Equity Securities:
			Canadian Oil Sands Ltd.		309		342		-		651
			Gabriel Resources Ltd.		78		161		-		239
			Regis Resources Ltd.		36		278		-		314
			Other		80		18		(2)		96
					503		799		(2)		1,300
		Other investments, at cost			11		-		-		11
		Investment in Affiliates:
			La Zanja		55		-		-		55
				$	689	$	801	$	(11)	$	1,479

			At December 31, 2011
			Cost/Equity		Unrealized				Fair/Equity
			Basis		Gain		Loss		Basis
Current:
	Marketable Equity Securities:
		Paladin Energy Ltd.	$	60	$	13	$	-	$	73
		Other		15		7		(1)		21
			$	75	$	20	$	(1)	$	94
Long-term:
	Marketable Debt Securities:
		Asset backed commercial paper	$	25	$	-	$	(6)	$	19
		Auction rate securities		7		-		(2)		5
		Corporate		10		1		-		11
				42		1		(8)		35
	Marketable Equity Securities:
		Canadian Oil Sands Trust		302		401		-		703
		Gabriel Resources Ltd.		76		236		-		312
		Regis Resources Ltd.		36		218		-		254
		Other		92		16		(17)		91
				506		871		(17)		1,360
	Other investments, at cost			11		-		-		11
	Investment in Affiliates:
		La Zanja		66		-		-		66
			$	625	$	872	$	(25)	$	1,472

Gross Unrealized Losses and Fair Value of the Company's Investments

		Less than 12 Months				12 Months or Greater				Total
At March 31, 2012		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Marketable equity securities	$	24	$	3	$	-	$	-	$	24	$	3
Asset backed commercial paper		-		-		19		6		19		6
Auction rate securities		-		-		5		3		5		3
	$	24	$	3	$	24	$	9	$	48	$	12
		Less than 12 Months				12 Months or Greater				Total
At December 31, 2011		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Asset backed commercial paper	$	-	$	-	$	19	$	6	$	19	$	6
Auction rate securities		-		-		5		2		5		2
Marketable equity securities		42		18		-		-		42		18
	$	42	$	18	$	24	$	8	$	66	$	26

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Basis of Presentation

3 Months Ended

Mar. 31, 2012

Basis of Presentation [Abstract]

BASIS OF PRESENTATION

NOTE 1    BASIS OF PRESENTATION

The interim Condensed Consolidated Financial Statements (“interim statements”) of Newmont Mining Corporation and its subsidiaries (collectively, “Newmont” or the “Company”) are unaudited. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these interim statements have been included.The results reported in these interim statements are not necessarily indicative of the results that may be reported for the entire year. These interim statements should be read in conjunction with Newmont's Consolidated Financial Statements for the year ended December 31, 2011 filed February 24, 2012 on Form 10-K. The year-end balance sheet data was derived from the audited financial statements and, in accordance with the instructions to Form 10-Q, certain information and footnote disclosures required by United States generally accepted accounting principles (“GAAP”) have been condensed or omitted.

References to “A$” refer to Australian currency, “C$” to Canadian currency, “NZ$” to New Zealand currency and “$” to United States currency.

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Stock Based Compensation (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Stock Option and Other Stock Based Compensation
Share-based Compensation	$ 12	$ 15
Stock options [Member]
Stock Option and Other Stock Based Compensation
Share-based Compensation	4	3
Restricted Stock Units (RSUs) [Member]
Stock Option and Other Stock Based Compensation
Share-based Compensation	4	7
Performance leveraged stock units [Member]
Stock Option and Other Stock Based Compensation
Share-based Compensation	3	3
Restricted stock [Member]
Stock Option and Other Stock Based Compensation
Share-based Compensation	0	0
Deferred stock [Member]
Stock Option and Other Stock Based Compensation
Share-based Compensation	$ 1	$ 2

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Other Expense, Net (Tables)

3 Months Ended

Mar. 31, 2012

Other Expense, Net (Tables) [Abstract]

Other Expense, Net

NOTE 5 OTHER EXPENSE, NET
		Three Months Ended March 31,
		2012		2011
	Hope Bay care and maintenance	$	50	$	-
	Regional administration		21		16
	Community development		31		17
	Western Australia power plant		4		4
	World Gold Council Dues		3		2
	Indonesian value added tax settlement		-		21
	Other		11		13
		$	120	$	73

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Fair Value Accounting (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2012 Boddington Contingent Consideration [Member]	Mar. 31, 2012 Holt Property Royalty [Member]	Mar. 31, 2012 Foreign exchange forward contracts [Member]	Mar. 31, 2012 Diesel forward contracts [Member]	Mar. 31, 2012 Extractive industries [Member] Marketable Equity Securities [Member]	Mar. 31, 2012 Other Industries [Member] Marketable Equity Securities [Member]	Mar. 31, 2012 Asset Backed Commercial Paper [Member]	Dec. 31, 2011 Asset Backed Commercial Paper [Member]	Mar. 31, 2012 Asset Backed Commercial Paper [Member] Debt Securities [Member]	Mar. 31, 2012 Corporate Debt Securities [Member] Debt Securities [Member]	Mar. 31, 2012 Auction Rate Securities [Member]	Dec. 31, 2011 Auction Rate Securities [Member]	Mar. 31, 2012 Auction Rate Securities [Member] Debt Securities [Member]	Mar. 31, 2012 Trade receivable from provisional copper and gold concentrate sales, net [Member]	Mar. 31, 2012 Level 1 [Member]	Mar. 31, 2012 Level 1 [Member] Extractive industries [Member] Marketable Equity Securities [Member]	Mar. 31, 2012 Level 1 [Member] Other Industries [Member] Marketable Equity Securities [Member]	Mar. 31, 2012 Level 1 [Member] Trade receivable from provisional copper and gold concentrate sales, net [Member]	Mar. 31, 2012 Level 2 [Member]	Mar. 31, 2012 Level 2 [Member] Foreign exchange forward contracts [Member]	Mar. 31, 2012 Level 2 [Member] Corporate Debt Securities [Member] Debt Securities [Member]	Mar. 31, 2012 Level 2 [Member] Diesel Fixed Forward Contracts [Member] Diesel forward contracts [Member]	Mar. 31, 2012 Level 3 [Member]	Mar. 31, 2012 Level 3 [Member] Boddington Contingent Consideration [Member]	Mar. 31, 2012 Level 3 [Member] Holt Property Royalty [Member]	Mar. 31, 2012 Level 3 [Member] Asset Backed Commercial Paper [Member] Debt Securities [Member]	Mar. 31, 2012 Level 3 [Member] Auction Rate Securities [Member] Debt Securities [Member]
Assets:
Cash equivalents	$ 809															$ 809
Marketable securities						1,409	15			19	144			5			1,409	15				144					19	5
Trade receivable from provisional copper and gold concentrate sales, net															222				222
Derivative instruments, net				231	11																231		11
Fair value assets	2,865															2,455				386				24
Liabilities:
Boddington contingent consideration		43																							43
Holt property royalty			247																							247
Fair value liabilities	290																							290
Fair Value Accounting (Textuals) [Abstract]
Available-for-sale Securities, Fair Value Disclosure, Significant Assumptions	The Company estimated the fair value of the auction rate securities based on weighted average risk calculations using cash flow assumptions discounted approximately 42%, which reflects an estimated discount for lack of marketability. The Company estimated the fair value of its asset backed commercial paper using a probability of return ranging from 13%-74% for each class of notes, which is reflective of information reviewed regarding the separate classes of securities.
Fair Value, Commitments, Valuation Techniques	The estimated value of the Boddington contingent royalty was determined using a Monte Carlo valuation model which simulates future gold and copper prices and costs applicable to sales. At March 31, 2012 the Company used the following long-term price assumptions: 1) $1,500 per ounce gold price, 2) $3.50 per pound copper price, 3) $90 per barrel of oil, and 4) a $1.00 A$/US$ exchange rate. The Company used an approximately 4% discount rate in the model. The contingent royalty liability is classified within Level 3 of the fair value hierarchy. The estimated fair value of the Holt sliding scale royalty was determined using a Monte Carlo valuation model to simulate future gold prices utilizing a long-term gold price assumption of $1,500 per ounce, various gold production scenarios based on publicly available reserve and resource information for the Holt property and an approximately 4% weighted average discount rate. The sliding scale royalty liability is classified within Level 3 of the fair value hierarchy.
Assets measured at fair value hierarchy, percent	1.00%
Liabilities measured at fair value hierarchy, percent	100.00%
Changes in the Fair Value of the Company's Level 3 Financial Assets
Balance at beginning of period, assets	24							19	19			5	5
Balance at end of period, assets	24							19	19			5	5
Changes in the Fair Value of the Company's Level 3 Financial Liabilities
Balance at beginning of period, liabilities	230	54	176
Settlements	(15)	(11)	(4)
Valuation	75		75
Balance at end of period, liabilities	$ 290	$ 43	$ 247

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Inventories

3 Months Ended

Mar. 31, 2012

Inventories [Abstract]

INVENTORIES

NOTE 17 INVENTORIES
		At March 31,		At December 31,
		2012		2011
	In-process	$	112	$	159
	Concentrate		123		116
	Precious metals		35		12
	Materials, supplies and other		429		427
		$	699	$	714

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Other Income, Net (Tables)

3 Months Ended

Mar. 31, 2012

Other Income, Net (Tables) [Abstract]

Other Income, Net

NOTE 6 OTHER INCOME, NET
		Three Months Ended March 31,
		2012		2011
	Reduction of allowance for loan receivable	$	21	$	-
	Income from developing projects, net		14		24
	Gain on asset sales, net		10		3
	Canadian Oil Sands		9		6
	Refinery income		5		-
	Interest		5		4
	Ineffective portion of derivative instruments, net		2		(1)
	Foreign currency exchange, net		(15)		(11)
	Impairment of marketable securities		(24)		-
	Other		6		6
		$	33	$	31

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Other Assets

3 Months Ended

Mar. 31, 2012

Other Asset [Abstract]

OTHER ASSETS

NOTE 19 OTHER ASSETS
			At March 31,		At December 31,
			2012		2011
	Other current assets:
		Refinery metal inventory and receivable	$	500	$	796
		Derivative instruments		132		127
		Prepaid assets		126		93
		Note receivable		33		12
		Restricted cash		2		20
		Other		91		85
			$	884	$	1,133
	Other long-term assets:
		Goodwill	$	188	$	188
		Intangible assets		144		147
		Income tax receivable		142		142
		Derivative instruments		116		112
		Debt issuance costs		79		59
		Restricted cash		49		48
		Other receivables		19		17
		Other		167		144
			$	904	$	857

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Inventories (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Summary of Inventories
In-process	$ 112	$ 159
Concentrate	123	116
Precious metals	35	12
Materials, supplies and other	429	427
Total Inventories	$ 699	$ 714

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Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2012

Summary of Significant Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Recently Adopted Accounting Pronouncements

Goodwill Impairment

In September 2011, the ASC guidance was issued related to goodwill impairment. Under the updated guidance, an entity will have the option to first assess qualitatively whether it is necessary to perform the current two-step goodwill impairment test. If the Company believes, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. The update does not change how the Company performs the two-step impairment test under current guidance. The Company's January 1, 2012 adoption of the guidance had no impact on the Company's consolidated financial position, results of operations or cash flows.

Fair Value Accounting

In May 2011, ASC guidance was issued related to disclosures around fair value accounting. The updated guidance clarifies different components of fair value accounting including the application of the highest and best use and valuation premise concepts, measuring the fair value of an instrument classified in a reporting entity's shareholders' equity and disclosing quantitative information about the unobservable inputs used in fair value measurements that are categorized in Level 3 of the fair value hierarchy. The Company's January 1, 2012 adoption of the updated guidance had no impact on the Company's consolidated financial position, results of operations or cash flows.

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Statement of Income and Comprehensive Income [Abstract]
Net income	$ 603	$ 670
Other comprehensive income (loss):
Unrealized gain (loss) on marketable securities, net of $23 and $(28) tax benefit (expense), respectively	(40)	168
Foreign currency translation adjustments	10	89
Change in pension and other post-retirement benefits, net of $2 and $1 tax benefit, respectively	4	4
Change in fair value of cash flow hedge instruments, net of $26 and $11 tax expense, respectively
Net change from periodic revaluations	69	55
Net amount reclassified to income	(35)	(33)
Net unrecognized gain on derivatives	34	22
Other comprehensive income	8	283
Comprehensive income	611	953
Comprehensive income attributable to:
Newmont stockholders	496	795
Noncontrolling interests	115	158
Comprehensive income	$ 611	$ 953

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Income Per Common Share

3 Months Ended

Mar. 31, 2012

Income Per Common Share [Abstract]

INCOME PER COMMON SHARE

NOTE 12    INCOME PER COMMON SHARE

Basic income per common share is computed by dividing income available to Newmont common stockholders by the weighted average number of common shares outstanding during the period. Diluted income per common share is computed similarly to basic income per common share except that weighted average common shares is increased to include the potential issuance of dilutive common shares.

				Three Months Ended March 31,
				2012		2011
Net income attributable to Newmont stockholders				$	490	$	514
Weighted average common shares (millions):
		Basic			495		493
		Effect of employee stock-based awards			2		2
		Effect of convertible notes			7		6
		Diluted			504		501
Net income attributable to Newmont stockholders per
	common share
		Basic:
			Continuing operations	$	1.13	$	1.04
			Discontinued operations		(0.14)		-
				$	0.99	$	1.04
		Diluted:
			Continuing operations	$	1.11	$	1.03
			Discontinued operations		(0.14)		-
				$	0.97	$	1.03

Options to purchase 1 and 2 million shares of common stock at average exercise prices of $59 and $57 were outstanding at March 31,2012 and 2011, respectively, but were not included in the computation of diluted weighted average common shares because their effect would have been anti-dilutive.

Under itsconvertible note indentures, Newmont is required to settle the principal amount of its 2014 and 2017 Convertible Senior Notes in cash and may elect to settle the remaining conversion premium (Newmont average share price in excess of the conversion price), if any, in cash, shares or a combination thereof. The effect of contingently convertible instruments on diluted earnings per share is calculated under the net share settlement method in accordance with ASC guidance. The average price of the Company's common stock exceeded the conversion pricesfor all periods presented,resulting in additional shares included in the computation of diluted weighted average common shares for the period in which the Convertible Senior Notes were outstanding during the quarter.

In February 2012, the holders of the Company's 2012 Convertible Senior Notes exercised their election to convert the notes. The Company elected to pay the $172conversion premium with cash, and as a result no common shares were issued.

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Document and Entity Information	3 Months Ended
	Mar. 31, 2012	Apr. 18, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	NEWMONT MINING CORP /DE/
Entity Central Index Key	0001164727
Document Type	10-Q
Document Period End Date	Mar. 31, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		490,629,352

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Changes in Equity

3 Months Ended

Mar. 31, 2012

Change in Equity [Abstract]

CHANGES IN EQUITY

NOTE 13 CHANGES IN EQUITY
				Three Months Ended March 31,
				2012		2011
	Common stock:
		At beginning of period		$	784	$	778
			Stock based awards		1		1
		At end of period			785		779
	Additional paid-in capital:
		At beginning of period			8,408		8,279
			Stock based awards		27		25
			Conversion premium on convertible notes		(172)		0
		At end of period			8,263		8,304
	Accumulated other comprehensive income:
		At beginning of period			652		1,108
			Other comprehensive income		6		281
		At end of period			658		1,389
	Retained earnings:
		At beginning of period			3,052		3,180
			Net income attributable to Newmont stockholders		490		514
			Dividends paid		(173)		(74)
		At end of period			3,369		3,620
	Noncontrolling interests:
		At beginning of period			2,875		2,371
			Net income attributable to noncontrolling interests		113		156
			Other comprehensive income		2		2
		At end of period			2,990		2,529
	Total equity			$	16,065	$	16,621

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Operating activities:
Net income	$ 603	$ 670
Adjustments:
Amortization	231	256
Loss from discontinued operations	71	0
Reclamation and remediation	16	14
Deferred income taxes	(55)	(33)
Stock based compensation and other non-cash benefits	17	19
Impairment of marketable securities	24	0
Gain on asset sales, net	(10)	(3)
Other operating adjustments and write-downs	72	45
Net change in operating assets and liabilities	(356)	21
Net cash provided from continuing operations	613	989
Net cash used in discontinued operations	(4)	0
Net cash provided from operations	609	989
Investing activities:
Additions to property, plant and mine development	(696)	(402)
Purchases of marketable securities	(143)	(12)
Acquisitions, net	(11)	(7)
Proceeds from sale of other assets	12	6
Other	(17)	(3)
Net cash used in investing activities	(855)	(418)
Financing activities:
Proceeds from debt, net	3,346	0
Repayment of debt	(1,907)	(31)
Payment of conversion premium on debt	(172)	0
Dividends paid to common stockholders	(173)	(74)
Dividends paid to noncontrolling interests	0	(15)
Proceeds from stock issuance, net	2	3
Other	(2)	0
Net cash provided from (used in) financing activities	1,094	(117)
Effect of exchange rate changes on cash	4	23
Net change in cash and cash equivalents	852	477
Cash and cash equivalents at beginning of period	1,760	4,056
Cash and cash equivalents at end of period	$ 2,612	$ 4,533

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Employee Pension and Other Benefit Plans

3 Months Ended

Mar. 31, 2012

Employee Pension and Other Benefit Plans [Abstract]

EMPLOYEE PENSION AND OTHER BENEFIT PLANS

NOTE 7 EMPLOYEE PENSION AND OTHER BENEFIT PLANS
			Three Months Ended March 31,
			2012		2011
	Pension benefit costs, net
		Service cost	$	7	$	6
		Interest cost		10		10
		Expected return on plan assets		(11)		(10)
		Amortization, net		6		5
			$	12	$	11
			Three Months Ended March 31,
			2012		2011
	Other benefit costs, net
		Service cost	$	1	$	1
		Interest cost		1		1
			$	2	$	2

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Other Income, Net

3 Months Ended

Mar. 31, 2012

Other Income, Net [Abstract]

OTHER INCOME, NET

NOTE 6 OTHER INCOME, NET
		Three Months Ended March 31,
		2012		2011
	Reduction of allowance for loan receivable	$	21	$	-
	Income from developing projects, net		14		24
	Gain on asset sales, net		10		3
	Canadian Oil Sands		9		6
	Refinery income		5		-
	Interest		5		4
	Ineffective portion of derivative instruments, net		2		(1)
	Foreign currency exchange, net		(15)		(11)
	Impairment of marketable securities		(24)		-
	Other		6		6
		$	33	$	31

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Stockpiles and Ore on Leach Pads

3 Months Ended

Mar. 31, 2012

Stockpiles And Ore On Leach Pad [Abstract]

STOCKPILES AND ORE ON LEACH PADS

NOTE 18 STOCKPILES AND ORE ON LEACH PADS
			At March 31,		At December 31,
			2012		2011
	Current:
		Stockpiles	$	527	$	506
		Ore on leach pads		217		165
			$	744	$	671
	Long-term:
		Stockpiles	$	2,091	$	1,904
		Ore on leach pads		379		367
			$	2,470	$	2,271

		At March 31,		At December 31,
		2012		2011
Stockpiles and ore on leach pads:
	Nevada	$	563	$	536
	La Herradura		9		6
	Yanacocha		600		512
	Boddington		482		435
	Batu Hijau		1,220		1,119
	Other Australia/New Zealand		157		161
	Ahafo		183		173
		$	3,214	$	2,942

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Fair Value Accounting

3 Months Ended

Mar. 31, 2012

Fair Value Accounting [Abstract]

FAIR VALUE ACCOUNTING

NOTE 14FAIR VALUE ACCOUNTING

Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1       Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2       Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3       Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

The following table sets forth the Company's assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

			Fair Value at March 31, 2012
			Total		Level 1		Level 2		Level 3
Assets:
	Cash equivalents		$	809	$	809	$	-	$	-
	Marketable equity securities:
		Extractive industries		1,409		1,409		-		-
		Other		15		15		-		-
	Marketable debt securities:
		Asset backed commercial paper		19		-		-		19
		Corporate		144		-		144		-
		Auction rate securities		5		-		-		5
	Trade receivable from provisional copper
		and gold concentrate sales, net		222		222		-		-
	Derivative instruments, net:
		Foreign exchange forward contracts		231		-		231		-
		Diesel forward contracts		11		-		11		-
			$	2,865	$	2,455	$	386	$	24
Liabilities:
	Boddington contingent consideration			43		-		-		43
	Holt property royalty			247		-		-		247
			$	290	$	-	$	-	$	290

The Company's cash equivalent instruments are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The cash equivalent instruments that are valued based on quoted market prices in active markets are primarily money market securities and U.S. Treasury securities.

The Company's marketable equity securities are valued using quoted market prices in active markets and as such are classified within Level 1 of the fair value hierarchy. The securities are segregated based on industry. The fair value of the marketable equity securities is calculated as the quoted market price of the marketable equity security multiplied by the quantity of shares held by the Company.

The Company's marketable debt securities include investments in auction rate securities and asset backed commercial paper. The Company's corporate marketable debt securities are valued using quoted market prices in non-active markets and as such are classified within Level 2 of the fair value hierarchy. The Company reviews the fair value for auction rate securities and asset backed commercial paper on at least a quarterly basis. The auction rate securities are traded in markets that are not active, trade infrequently and have little price transparency. The Company estimated the fair value of the auction rate securities based on weighted average risk calculations using cash flow assumptions discounted approximately 42%, which reflects an estimated discount for lack of marketability. The Company estimated the fair value of its asset backed commercial paper using a probability of return ranging from 13%-74% for each class of notes, which is reflective of information reviewed regarding the separate classes of securities. As a result of utilizing the unobservable inputs noted above in its fair value estimation of the Company's auction rate securities and asset backed commercial paper, both fair value estimates are classified within Level 3 of the fair value hierarchy.

The Company's net trade receivable from provisional copper and gold concentrate sales, subject to final pricing, is valued using quoted market prices based on forward curves and, as such, is classified within Level 1 of the fair value hierarchy.

The Company's derivative instruments are valued using pricing models and the Company generally uses similar models to value similar instruments. Valuation models require a variety of inputs, including contractual terms, market prices, yield curves, credit spreads, measures of volatility, and correlations of such inputs. The Company's derivatives trade in liquid markets, and as such, model inputs can generally be verified and do not involve significant management judgment. Such instruments are classified within Level 2 of the fair value hierarchy.

The estimated value of the Boddington contingent royalty was determined using a Monte Carlo valuation model which simulates future gold and copper prices and costs applicable to sales. At March 31, 2012 the Company used the following long-term price assumptions: 1) $1,500 per ounce gold price, 2) $3.50 per pound copper price, 3) $90 per barrel of oil, and 4) a $1.00 A$/US$ exchange rate. The Company used an approximately4% discount rate in the model. The contingent royalty liability is classified within Level 3 of the fair value hierarchy.

The estimated fair value of the Holt sliding scale royaltywas determined using a Monte Carlo valuation model to simulate future gold prices utilizinga long-term gold price assumption of$1,500 per ounce, various gold production scenariosbased on publicly available reserve and resource information for the Holt property and an approximately4%weighted average discount rate. The sliding scale royalty liability is classified within Level 3 of the fair value hierarchy.

The table below sets forth a summary of changes in the fair value of the Company'sLevel 3 financial assets and liabilities for the three months endedMarch 31, 2012:

		Auction Rate Securities		Asset Backed Commercial Paper		Total Assets		Boddington Contingent Royalty		Holt Property Royalty		Total Liabilities
Balance at beginning of period		$	5	$	19	$	24	$	54	$	176	$	230
	Settlements		-		-		-		(11)		(4)		(15)
	Revaluation		-		-		-		-		75		75
Balance at end of period		$	5	$	19	$	24	$	43	$	247	$	290

At March 31, 2012, assets and liabilities classified within Level 3 of the fair value hierarchy represent 1%and 100%, respectively,of total assets and liabilities measured at fair value.

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Discontinued Operations

3 Months Ended

Mar. 31, 2012

Discontinued Operations [Abstract]

DISCONTINUED OPERATIONS

NOTE 10    DISCONTINUED OPERATIONS

Discontinued operations include Holloway Mining Company, which owned the Holt-McDermott property (“Holt property”) and was sold to St. Andrew Goldfields Ltd. (“St. Andrew”) in 2006.In 2009, the Superior Court issued a decision finding Newmont Canada Corporation (“Newmont Canada”) liable for a sliding scale royalty on production from the Holt property, which Newmont Canada appealed. In May 2011, the Ontario Court of Appeal upheld the Superior Court ruling. During the first quarter of 2012, the Company recorded an additional $71 charge, net of tax benefits of $4, to reflect an increase in future expected production at the Holt property due to new reserve and resource estimates published by St. Andrew and an increase in the current spot gold price. 

Net operating cash used in discontinued operationsof $4 in the first quarter of 2012 relates to payments on the Holt property royalty.

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Income and Mining Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Income And Mining Taxes (Textuals) [Abstract]
Estimated Income and mining tax expense	$ 343	$ 305
Effective tax rate	33.00%	31.00%
United States statutory rate	35.00%	35.00%
Total unrecognized tax benefit	242
Unrecognized tax benefit, if recognized	45
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Lower Bound	25
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound	30
Income Tax Reconciliation [Abstract]
Income before income and mining tax and other items	1,036	973
Tax on income at 35% statutory rate	35.00%	35.00%
Percentage depletion	(7.00%)	(6.00%)
Change in valuation allowance on deferred tax assets	3.00%
Other	2.00%	2.00%
Income and mining tax expense	33.00%	31.00%
Tax on income at 35% statutory rate	363	341
Percentage depletion	(74)	(55)
Change in valuation allowance on deferred tax assets	33
Other	21	19
Income and mining tax expense	$ 343	$ 305

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Stock Based Compensation

3 Months Ended

Mar. 31, 2012

Stock Based Compensation [Abstract]

STOCK BASED COMPENSATION

NOTE 8 STOCK BASED COMPENSATION
		Three Months Ended March 31,
		2012		2011
	Stock options	$	4	$	3
	Restricted stock units		4		7
	Performance leveraged stock units		3		3
	Deferred stock		1		2
		$	12	$	15

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Income and Mining Taxes

3 Months Ended

Mar. 31, 2012

Income and Mining Taxes [Abstract]

INCOME AND MINING TAXES

NOTE 9    INCOME AND MINING TAXES

During the first quarter of 2012, the Company recorded estimated income and mining tax expense of $343 resulting in an effective tax rate of 33%. Estimated income and miningtax expense during the first quarter of 2011 was $305 for an effective tax rate of 31%. The increase in the effective tax rate from2011 to 2012 is a result of valuation allowances recorded on our Canadian deferred tax assets generated in the quarter. Aside from the above mentioned valuation allowance, the effective tax rates in the first quarter of 2012 and 2011 are different from the United States statutory rate of 35% primarily due to the U.S. percentage depletion deduction.

The Company operates in numerous countries around the world and accordingly it is subject to, and pays annual income taxes under, the various income tax regimes in the countries in which it operates. Some of these tax regimes are defined by contractual agreements with the local government, and others are defined by the general corporate income tax laws of the country. The Company has historically filed, and continues to file, all required income tax returns and pay the income taxes reasonably determined to be due. The tax rules and regulations in many countries are highly complex and subject to interpretation. From time to time the Company is subject to a review of its historic income tax filings and in connection with such reviews, disputes can arise with the taxing authorities over the interpretation or application of certain rules to the Company's business conducted within the country involved.

At March 31, 2012, the Company's total unrecognized tax benefit was $242 for uncertain income tax positions taken or expected to be taken on income tax returns. Of this, $45 represents the amount of unrecognized tax benefits that, if recognized, would affect the Company's effective income tax rate.

As a result of the statute of limitations that expire in the next 12 months in various jurisdictions, and possible settlements of audit-related issues with taxing authorities in various jurisdictions with respect to which none of the issues are individually significant, the Company believes that it is reasonably possible that the total amount of its net unrecognized income tax benefits will decrease by approximately $25 to $30 in the next 12 months.

The Company's income and mining tax expense differed from the amounts computed by applying the United States statutory corporate income tax rate for the following reasons:

		Three Months Ended March 31,
		2012				2011
Income before income and mining tax and other items				$	1,036			$	973
Tax on income at 35% statutory rate		35	%	$	363	35	%	$	341
Reconciling items:
	Percentage depletion	(7)			(74)	(6)			(55)
	Change in valuation allowance on deferred tax assets	3			33	-			-
	Other	2			21	2			19
Income and mining tax expense		33	%	$	343	31	%	$	305

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Net Income Attributable to Noncontrolling Interests

3 Months Ended

Mar. 31, 2012

Net Income Attributable to Noncontrolling Interests [Abstract]

NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS

NOTE 11 NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
		Three Months Ended March 31,
		2012		2011
	Yanacocha	$	111	$	56
	Batu Hijau		13		102
	Other		(11)		(2)
		$	113	$	156

At March 31, 2012, Newmont had a48.5% effective economic interest in PT Newmont Nusa Tenggara (“PTNNT”). PTNNT operates the Batu Hijau copper and gold mine in Indonesia. Based on ASC guidance for variable interest entities, Newmont continues to consolidate PTNNT in its Condensed Consolidated Financial Statements.

Newmont has a51.35% ownership interest in Minera Yanacocha S.R.L. (“Yanacocha”), with the remaining interests held by Compañia de Minas Buenaventura, S.A.A. (43.65%) and the International Finance Corporation (5%).

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Changes in Equity (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Changes in Equity
Beginning Balance	$ 15,771
Net income attributable to Newmont stockholders	490	514
Net income attributable to noncontrolling interests	(113)	(156)
Conversion premium on convertible notes	(172)	0
Other comprehensive income	8	283
Ending Balance	16,065	16,621
Common Stock [Member]
Changes in Equity
Beginning Balance	784	778
Stock based awards	1	1
Ending Balance	785	779
Additional paid-in capital [Member]
Changes in Equity
Beginning Balance	8,408	8,279
Stock based awards	27	25
Conversion premium on convertible notes	(172)	0
Ending Balance	8,263	8,304
Accumulated other comprehensive income [Member]
Changes in Equity
Beginning Balance	652	1,108
Other comprehensive income	6	281
Ending Balance	658	1,389
Retained earnings [Member]
Changes in Equity
Beginning Balance	3,052	3,180
Dividends paid	(173)	(74)
Ending Balance	3,369	3,620
Noncontrolling interests [Member]
Changes in Equity
Beginning Balance	2,875	2,371
Other comprehensive income	2	2
Ending Balance	$ 2,990	$ 2,529

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Derivative Instruments (Details) In Millions, unless otherwise specified							3 Months Ended											3 Months Ended		3 Months Ended			3 Months Ended																																				3 Months Ended
	Mar. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Mar. 31, 2012 Senior Notes Net of Discount 2022 [Member] USD ($)	Mar. 31, 2012 Senior Notes Net Of Discount 2042 [Member] USD ($)	Mar. 31, 2012 Diesel Fixed Forward Contracts [Member] USD ($)	Dec. 31, 2011 Diesel Fixed Forward Contracts [Member] USD ($)	Mar. 31, 2012 Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($) gal	Mar. 31, 2011 Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 AU Dollar Operating Fixed Forward Contracts [Member] USD ($)	Mar. 31, 2012 AU Dollar Operating Fixed Forward Contracts [Member] AUD	Dec. 31, 2011 AU Dollar Operating Fixed Forward Contracts [Member] USD ($)	Mar. 31, 2012 AU Dollar Capital Fixed Forward Contracts [Member] USD ($)	Mar. 31, 2012 AU Dollar Capital Fixed Forward Contracts [Member] AUD	Dec. 31, 2011 AU Dollar Capital Fixed Forward Contracts [Member] USD ($)	Mar. 31, 2012 NZ Dollar Operating Fixed Forward Contracts [Member] USD ($)	Mar. 31, 2012 NZ Dollar Operating Fixed Forward Contracts [Member] NZD	Dec. 31, 2011 NZ Dollar Operating Fixed Forward Contracts [Member] USD ($)	Mar. 31, 2011 Interest Rate Swap Contracts [Member] USD ($)	Mar. 31, 2012 Interest Rate Swap Contracts [Member] USD ($)	Mar. 31, 2011 Interest Rate Swap Contracts [Member] Fair Value Hedging [Member] USD ($)	Mar. 31, 2012 Forward Starting Swap Contracts [Member] USD ($)	Dec. 31, 2011 Forward Starting Swap Contracts [Member] USD ($)	Mar. 31, 2012 Forward Starting Swap Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2011 Foreign Exchange Contract [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2011 Debentures 8 5/8% (Hedged Portion) [Member] Fair Value Hedging [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2012 [Member] Diesel Fixed Forward Contracts [Member]	Mar. 31, 2012 Expected Maturity Date Year 2012 [Member] Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($) gal	Mar. 31, 2012 Expected Maturity Date Year 2012 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2012 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Mar. 31, 2012 Expected Maturity Date Year 2012 [Member] AU Dollar Capital Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2012 [Member] AU Dollar Capital Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Mar. 31, 2012 Expected Maturity Date Year 2012 [Member] NZ Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2012 [Member] NZ Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] NZD	Mar. 31, 2012 Expected Maturity Date Year 2013 [Member] Diesel Fixed Forward Contracts [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2013 [Member] Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] gal	Mar. 31, 2012 Expected Maturity Date Year 2013 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2013 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Mar. 31, 2012 Expected Maturity Date Year 2013 [Member] AU Dollar Capital Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2013 [Member] AU Dollar Capital Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Mar. 31, 2012 Expected Maturity Date Year 2013 [Member] NZ Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2013 [Member] NZ Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] NZD	Mar. 31, 2012 Expected Maturity Date Year 2014 [Member] Diesel Fixed Forward Contracts [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2014 [Member] Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] gal	Mar. 31, 2012 Expected Maturity Date Year 2014 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2014 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Mar. 31, 2012 Expected Maturity Date Year 2014 [Member] AU Dollar Capital Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2014 [Member] AU Dollar Capital Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Mar. 31, 2012 Expected Maturity Date Year 2014 [Member] NZ Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2014 [Member] NZ Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] NZD	Mar. 31, 2012 Expected Maturity Date Year 2015 [Member] Cash Flow Hedging [Member] gal	Mar. 31, 2012 Expected Maturity Date Year 2015 [Member] Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2015 [Member] AU Dollar Operating Fixed Forward Contracts [Member]	Mar. 31, 2012 Expected Maturity Date Year 2015 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2015 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Mar. 31, 2012 Expected Maturity Date Year 2016 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Mar. 31, 2012 Expected Maturity Date Year 2016 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Mar. 31, 2012 Expected Maturity Date Year 2017 [Member] AU Dollar Operating Fixed Forward Contracts [Member] USD ($)	Mar. 31, 2012 Gold [Member] USD ($) oz	Mar. 31, 2012 Copper [Member] USD ($) lb
Foreign Currency Derivatives
Average rate							2.90		0.91			0.98			0.77													2.89	0.92		1.00		0.76		2.94		0.92		0.98		0.78		2.91		0.90		0.96		0.77			2.90		0.88		0.89		0.89
Notional Amount of Foreign Currency Derivatives										3,243			115			79														935		42		48				987		51		29				701		22		2					407		202	$ 11
Expected hedge ratio																											60.00%		77.00%	77.00%	41.00%	41.00%	48.00%	48.00%	32.00%		64.00%	64.00%	24.00%	24.00%	23.00%	23.00%	14.00%		46.00%	46.00%	48.00%	48.00%	5.00%	5.00%		5.00%	14.00%	29.00%	29.00%			4.00%
Diesel Derivative Contracts Outstanding
Average rate							2.90		0.91			0.98			0.77													2.89	0.92		1.00		0.76		2.94		0.92		0.98		0.78		2.91		0.90		0.96		0.77			2.90		0.88		0.89		0.89
Diesel gallons							41,000,000																					20,000,000								14,000,000								6,000,000							1,000,000
Expected hedge ratio																											60.00%		77.00%	77.00%	41.00%	41.00%	48.00%	48.00%	32.00%		64.00%	64.00%	24.00%	24.00%	23.00%	23.00%	14.00%		46.00%	46.00%	48.00%	48.00%	5.00%	5.00%		5.00%	14.00%	29.00%	29.00%			4.00%
Fair values of Derivative Instruments Designated as Hedges
Other Assets Current	132	127			9	4			119		121	1			3		2
Other Long-Term Assets	116	112			2				113		112	1
Other Current Liabilities	2	408				2			2		6						1				0	399
Other Long-Term Liabilities	4	6				1			4		4			1
Location and Amount of Gains (Losses) Reported in Condensed Consolidated Financial Statements
Gain recognized in other comprehensive income (effective portion)							12	15															36	62	67
Gain (loss) reclassified from Accumulated other comprehensive income into income (effective portion)(1)							3	4															(1)	47	42
Gain reclassified from Accumulated other comprehensive income into income (ineffective portion) (2)																		(1)					2
Gains (Losses) Recorded for Hedged Item Related to Fair Value Hedges
Gain recognized in income (effective portion)																				2						(5)
Gain (loss) recognized in income (ineffective portion)																		(1)					2
Derivative Instruments (Textuals) [Abstract]
Forward starting swaps notional amount																							2,000
Long-term Debt, Gross			1,500	1,000
Charge related to hedge ineffectiveness																		1					(2)
Fixed to floating swap contracts, amount																			222
Average price																																																											1,691.00	3.77
Recorded average provisional price																																																											1,691.00	3.75
Provisional pricing mark-to-market gain (loss)																																																											6	31
Provisional pricing mark-to-market gain (loss) rate																																																											4	0.53
Provisional pricing quantity sales																																																											95,000	58,000,000
Average price, subject to final pricing																																																											1,663.00	3.83
Approximate gain amount to be reclassified from accumulated other comprehensive income, net of tax to income	$ 70

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Income Per Common Share (Details) (USD $) Share data in Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Earnings per share reconciliation [Abstract]
Continuing operations	$ 561,000,000	$ 514,000,000
Discontinued operations	(71,000,000)	0
Net income attributable to Newmont stockholders	490,000,000	514,000,000
Weighted average common shares (millions):
Basic	495	493
Effect of employee stock-based awards	2	2
Effect of convertible notes	7	6
Diluted	504	501
Income per common share, basic
Continuing operations	$ 1.13	$ 1.04
Discontinued operations	$ (0.14)	$ 0
Income per common share, basic	$ 0.99	$ 1.04
Income per common share, diluted
Continuing operations	$ 1.11	$ 1.03
Discontinued operations	$ (0.14)	$ 0
Income per common share, diluted	$ 0.97	$ 1.03
Net income attributable to Newmount stockholders and transfers from noncontrolling interest [Abstract]
Net income attributable to Newmont stockholders	490,000,000	514,000,000
Income Per Common Share (Textuals) Abstract
Anti-dilutive shares - stock options	1	2
Options to purchase common shares average exercise price	$ 59	$ 57
Anti-dilutive shares - convertible notes	7	6

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Reclamation and Remediation (Tables)

3 Months Ended

Mar. 31, 2012

Reclamation and Remediation (Tables) [Abstract]

Reconciliation of Reclamation and Remediation Liabilities

	Three Months Ended March 31,
	2012		2011
Balance at beginning of period	$	1,240	$	1,048
Additions, changes in estimates and other		105		1
Liabilities settled		(28)		(8)
Accretion expense		16		14
Balance at end of period	$	1,333	$	1,055

Reclamation and Remediation Expenses

	Three Months Ended March 31,
	2012		2011
Accretion - operating	$	14	$	12
Accretion - non-operating		2		2
	$	16	$	14

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Net Change in Operating Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2012

Net Change in Operating Assets and Liabilities (Tables) [Abstract]

Net Change in Operating Assets and Liabilities

		Three Months Ended March 31,
		2012		2011
Decrease (increase) in operating assets:
	Trade and accounts receivable	$	(21)	$	119
	Inventories, stockpiles and ore on leach pads		(201)		(56)
	EGR refinery assets		319		(175)
	Other assets		(74)		(38)
Increase (decrease) in operating liabilities:
	Accounts payable and other accrued liabilities		(32)		4
	EGR refinery liabilities		(319)		175
	Reclamation liabilities		(28)		(8)
		$	(356)	$	21

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Investments

3 Months Ended

Mar. 31, 2012

Investments [Abstract]

INVESTMENTS

NOTE 16 INVESTMENTS
				At March 31, 2012
				Cost/Equity		Unrealized				Fair/Equity
				Basis		Gain		Loss		Basis
	Current:
		Marketable Equity Securities:
			Paladin Energy Ltd.	$	60	$	40	$	-	$	100
			Other		15		10		(1)		24
					75		50		(1)		124
		Marketable Debt Securities:
			Corporate		55		-		-		55
				$	130	$	50	$	(1)	$	179
	Long-term:
		Marketable Debt Securities:
			Asset backed commercial paper	$	25	$	-	$	(6)	$	19
			Auction rate securities		8		-		(3)		5
			Corporate		87		2		-		89
					120		2		(9)		113
		Marketable Equity Securities:
			Canadian Oil Sands Ltd.		309		342		-		651
			Gabriel Resources Ltd.		78		161		-		239
			Regis Resources Ltd.		36		278		-		314
			Other		80		18		(2)		96
					503		799		(2)		1,300
		Other investments, at cost			11		-		-		11
		Investment in Affiliates:
			La Zanja		55		-		-		55
				$	689	$	801	$	(11)	$	1,479

			At December 31, 2011
			Cost/Equity		Unrealized				Fair/Equity
			Basis		Gain		Loss		Basis
Current:
	Marketable Equity Securities:
		Paladin Energy Ltd.	$	60	$	13	$	-	$	73
		Other		15		7		(1)		21
			$	75	$	20	$	(1)	$	94
Long-term:
	Marketable Debt Securities:
		Asset backed commercial paper	$	25	$	-	$	(6)	$	19
		Auction rate securities		7		-		(2)		5
		Corporate		10		1		-		11
				42		1		(8)		35
	Marketable Equity Securities:
		Canadian Oil Sands Trust		302		401		-		703
		Gabriel Resources Ltd.		76		236		-		312
		Regis Resources Ltd.		36		218		-		254
		Other		92		16		(17)		91
				506		871		(17)		1,360
	Other investments, at cost			11		-		-		11
	Investment in Affiliates:
		La Zanja		66		-		-		66
			$	625	$	872	$	(25)	$	1,472

Included in Investments at March 31, 2012and December 31, 2011are $1 and $11, respectively, of long-term marketable debt securities and $15 and $4 of long-term marketable equity securities, respectively, that are legally pledged for purposes of settling asset retirement obligations related to the San Jose Reservoir at Yanacocha.

During the first quarterof 2012, the Company recognized impairments for other-than-temporary declines in value of $24 for marketable equity securities.

The following tables present the gross unrealized losses and fair value of the Company's investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by length of time that the individual securities have been in a continuous unrealized loss position:

		Less than 12 Months				12 Months or Greater				Total
At March 31, 2012		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Marketable equity securities	$	24	$	3	$	-	$	-	$	24	$	3
Asset backed commercial paper		-		-		19		6		19		6
Auction rate securities		-		-		5		3		5		3
	$	24	$	3	$	24	$	9	$	48	$	12
		Less than 12 Months				12 Months or Greater				Total
At December 31, 2011		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Asset backed commercial paper	$	-	$	-	$	19	$	6	$	19	$	6
Auction rate securities		-		-		5		2		5		2
Marketable equity securities		42		18		-		-		42		18
	$	42	$	18	$	24	$	8	$	66	$	26

While the fair values of the Company's investments in asset backed commercial paper and auction rate securities are below their respective cost, the Company views these declines as temporary. The Company intends to hold its investment in auction rate securities and asset backed commercial paper until maturity or such time that the market recovers and therefore considers these losses temporary.

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Other Liabilities

3 Months Ended

Mar. 31, 2012

Other Liabilities And Shares Subject To Mandatory Redemption Abstract [Abstract]

OTHER LIABILITIES

NOTE 21 OTHER LIABILITIES
			At March 31,		At December 31,
			2012		2011
	Other current liabilities:
		Refinery metal payable	$	500	$	796
		Accrued capital expenditures		267		248
		Accrued operating costs		256		231
		Taxes other than income and mining		86		93
		Reclamation and remediation liabilities		70		71
		Deferred income tax		57		50
		Royalties		43		53
		Boddington contingent consideration		39		24
		Holt property royalty		21		17
		Interest		12		55
		Derivative instruments		2		408
		Other		64		87
			$	1,417	$	2,133
	Other long-term liabilities:
		Holt property royalty	$	226	$	159
		Income and mining taxes		86		88
		Power supply agreements		46		45
		Derivative instruments		4		6
		Boddington contingent consideration		4		30
		Other		31		36
			$	397	$	364

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Debt (Tables)

3 Months Ended

Mar. 31, 2012

Debt (Tables) [Abstract]

Debt

NOTE 20 DEBT
	At March 31, 2012				At December 31, 2011
	Current		Non-Current		Current		Non-Current
Sale-leaseback of refractory ore treatment plant	$	59	$	-	$	165	$	-
Corporate revolving credit facility (due 2016)		-		-		-		33
2012 Convertible Senior Notes, net of discount		-		-		514		-
2014 Convertible Senior Notes, net of discount		-		517		-		512
2017 Convertible Senior Notes, net of discount		-		457		-		452
2019 Senior Notes, net of discount		-		896		-		896
2022 Senior Notes, net of discount		-		1,489		-		-
2035 Senior Notes, net of discount		-		598		-		598
2039 Senior Notes, net of discount		-		1,087		-		1,087
2042 Senior Notes, net of discount		-		991		-		-
Ahafo project facility		10		45		10		45
Other capital leases		-		1		-		1
	$	69	$	6,081	$	689	$	3,624

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Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2012

Income Per Common Share (Tables) [Abstract]

Income Per Common Share

				Three Months Ended March 31,
				2012		2011
Net income attributable to Newmont stockholders				$	490	$	514
Weighted average common shares (millions):
		Basic			495		493
		Effect of employee stock-based awards			2		2
		Effect of convertible notes			7		6
		Diluted			504		501
Net income attributable to Newmont stockholders per
	common share
		Basic:
			Continuing operations	$	1.13	$	1.04
			Discontinued operations		(0.14)		-
				$	0.99	$	1.04
		Diluted:
			Continuing operations	$	1.11	$	1.03
			Discontinued operations		(0.14)		-
				$	0.97	$	1.03

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CONDENSED CONSOLIDATED BALANCE SHEET (unaudited) (USD $) In Millions, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 2,612	$ 1,760
Trade receivables	349	300
Accounts receivable	362	320
Investments	179	94
Inventories	699	714
Stockpiles and ore on leach pads	744	671
Deferred income tax assets	263	396
Other current assets	884	1,133
Current assets	6,092	5,388
Property, plant and mine development, net	16,364	15,881
Investments	1,479	1,472
Stockpiles and ore on leach pads	2,470	2,271
Deferred income tax assets	1,652	1,605
Other long-term assets	904	857
Total assets	28,961	27,474
LIABILITIES
Debt	69	689
Accounts payable	497	561
Employee-related benefits	245	307
Income and mining taxes	343	250
Other current liabilities	1,417	2,133
Current liabilities	2,571	3,940
Debt	6,081	3,624
Reclamation and remediation liabilities	1,263	1,169
Deferred income tax liabilities	2,100	2,147
Employee-related benefits	484	459
Other long-term liabilities	397	364
Total liabilities	12,896	11,703
Commitments and Contingencies
EQUITY
Common stock	785	784
Additional paid-in capital	8,263	8,408
Accumulated other comprehensive income	658	652
Retained earnings	3,369	3,052
Newmont stockholders' equity	13,075	12,896
Noncontrolling interests	2,990	2,875
Total equity	16,065	15,771
Total liabilities and equity	$ 28,961	$ 27,474

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Other Expense, Net

3 Months Ended

Mar. 31, 2012

Other Expense, Net [Abstract]

OTHER EXPENSE, NET

NOTE 5 OTHER EXPENSE, NET
		Three Months Ended March 31,
		2012		2011
	Hope Bay care and maintenance	$	50	$	-
	Regional administration		21		16
	Community development		31		17
	Western Australia power plant		4		4
	World Gold Council Dues		3		2
	Indonesian value added tax settlement		-		21
	Other		11		13
		$	120	$	73

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Employee Pension and Other Benefit Plans (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Other benefit costs [Member]
Employee Related Benefits [Line Items]
Service cost	$ 1	$ 1
Interest cost	1	1
Pension benefit costs, net	2	2
Pension benefit costs [Member]
Employee Related Benefits [Line Items]
Service cost	7	6
Interest cost	10	10
Expected return on plan assets	(11)	(10)
Amortization, net	6	5
Pension benefit costs, net	$ 12	$ 11

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Stockpiles and Ore on Leach Pads (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Stockpiles And Ore On Leach Pads [Line Items]
Current stockpiles and ore on leach pads	$ 744	$ 671
Long-term stockpiles and ore on leach pads	2,470	2,271
Total stockpiles and ore on leach pads	3,214	2,942
Nevada [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	563	536
La Herradura [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	9	6
Yanacocha [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	600	512
Boddington [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	482	435
Batu Hijau [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	1,220	1,119
Other Australia New Zealand [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	157	161
Ahafo [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	183	173
Stockpiles [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Current stockpiles and ore on leach pads	527	506
Long-term stockpiles and ore on leach pads	2,091	1,904
Ore On Leach Pads [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Current stockpiles and ore on leach pads	217	165
Long-term stockpiles and ore on leach pads	$ 379	$ 367

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Net Change in Operating Assets and Liabilities

3 Months Ended

Mar. 31, 2012

Net Change in Operating Assets and Liabilities [Abstract]

NET CHANGE IN OPERATING ASSETS AND LIABILITIES

NOTE 22 NET CHANGE IN OPERATING ASSETS AND LIABILITIES

Net cash provided from operations attributable to the net change in operating assets and liabilities is composed of the following:

		Three Months Ended March 31,
		2012		2011
Decrease (increase) in operating assets:
	Trade and accounts receivable	$	(21)	$	119
	Inventories, stockpiles and ore on leach pads		(201)		(56)
	EGR refinery assets		319		(175)
	Other assets		(74)		(38)
Increase (decrease) in operating liabilities:
	Accounts payable and other accrued liabilities		(32)		4
	EGR refinery liabilities		(319)		175
	Reclamation liabilities		(28)		(8)
		$	(356)	$	21

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Supplemental Cash Flow Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Supplemental Cash Flow Information (Details) [Abstract]
Income and mining taxes, net of refunds	$ 296	$ 278
Interest, net of amounts capitalized	$ 23	$ 20

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Stock Based Compensation (Tables)

3 Months Ended

Mar. 31, 2012

Stock Based Compensation (Tables) [Abstract]

Stock Option and Other Stock Based Compensation

NOTE 8 STOCK BASED COMPENSATION
		Three Months Ended March 31,
		2012		2011
	Stock options	$	4	$	3
	Restricted stock units		4		7
	Performance leveraged stock units		3		3
	Deferred stock		1		2
		$	12	$	15

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Derivative Instruments

3 Months Ended

Mar. 31, 2012

Derivative Instruments [Abstract]

DERIVATIVE INSTRUMENTS

NOTE 15    DERIVATIVE INSTRUMENTS

The Company's strategy is to provide shareholders with leverage to changes in gold and copper prices by selling its production at spot market prices. Consequently, the Company does not hedge its gold and copper sales. The Company continues to manage certain risks associated with commodity input costs, interest rates and foreign currencies using the derivative market.All of the derivative instruments described below were transacted for risk management purposes and qualify as cash flow or fair value hedges.

Cash Flow Hedges

The foreign currency, diesel and forward starting swap contracts are designated as cash flow hedges, and as such, the effective portion of unrealized changes in market value have been recorded in Accumulated other comprehensive incomeand are reclassified to income during the period in which the hedged transaction affects earnings. Gains and losses from hedge ineffectiveness are recognized in current earnings.

Foreign Currency Contracts

Newmont utilizes foreign currency contracts to reduce the variability of the US dollar amount of forecasted foreign currency expenditures caused by changes in exchange rates. Newmont hedges a portion of the Company's A$ andNZ$ denominated operating expenditureswhich results in a blended rate realized each period. The hedging instruments are fixed forward contracts with expiration dates ranging up to five years from the date of issue. The principal hedging objective is reduction in the volatility of realized period-on-period $/A$ and $/NZ$ rates, respectively.

In June 2011, Newmont began hedging aportion of the Company's A$ denominated capital expenditures related to the constructionof the Akyem project in Africa utilizing foreign currency contracts. The hedging instruments are fixed forward contracts with expiration dates ranging up to two years.

In July 2011, Newmont began hedging aportion of the Company's A$ denominated capital expenditures related to the constructionof a mine shaft at Tanami in Australia utilizing foreign currency contracts. The hedging instruments are fixed forward contracts with expiration dates ranging up to three years.

Newmont had the following foreign currency derivative contracts outstanding at March 31, 2012:

		Expected Maturity Date
																				Total/
		2012			2013			2014			2015			2016			2017			Average
A$ Operating Fixed Forward Contracts:
	A$ notional (millions)		935			987			701			407			202			11			3,243
	Average rate ($/A$)		0.92			0.92			0.90			0.88			0.89			0.89			0.91
	Expected hedge ratio		77	%		64	%		46	%		29	%		14	%		4	%
A$ Capital Fixed Forward Contracts:
	A$ notional (millions)		42			51			22			-			-			-			115
	Average rate ($/A$)		1.00			0.98			0.96			-			-			-			0.98
	Expected hedge ratio		41	%		24	%		48	%		-			-			-
NZ$ Operating Fixed Forward Contracts:
	NZ$ notional (millions)		48			29			2			-			-			-			79
	Average rate ($/NZ$)		0.76			0.78			0.77			-			-			-			0.77
	Expected hedge ratio		48	%		23	%		5	%		-			-			-

Diesel Fixed Forward Contracts

Newmont hedges a portion of its operating cost exposure related to diesel consumed at its Nevada operations to reduce the variability in realized diesel prices. The hedging instruments consist of a series of financially settled fixed forward contracts with expiration dates ranging up to three years from the date of issue.

Newmont had the following diesel derivative contracts outstanding at March 31, 2012:

		Expected Maturity Date
														Total/
		2012			2013			2014			2015			Average
Diesel Fixed Forward Contracts:
	Diesel gallons (millions)		20			14			6			1			41
	Average rate ($/gallon)		2.89			2.94			2.91			2.90			2.90
	Expected hedge ratio		60	%		32	%		14	%		5	%

Forward Starting Swap Contracts

During 2011, Newmont entered into forward starting interest rate swap contracts with a total notional value of $2,000. These contracts hedged movements in treasury rates related to a debt issuance that occurred in the first quarter of 2012. On March 8, 2012, Newmont closed its sale of $2,500senior notes consisting of 3.5% senior notes due 2022 in the principal amount of $1,500 (10-year notes), and 4.875% senior notes due 2042 in the principal amount of $1,000 (30-year notes). As a result of the debt issued, the forward-starting interest rate swaps were settled. The total settlement amount of these swaps was $362, of which $349 represents the effective portion of the hedging instrument included in Accumulated other comprehensive income. The net proceeds from the debt issuance were adjusted by the settlement amount of the swap contracts and included as a financing activity in the Condensed Consolidated Statements of Cash Flow.

Fair Value Hedges

Interest Rate Swap Contracts

Newmont had $222fixed to floating swap contracts designated as a hedge against 8 5/8% debentureswhich matured in May 2011.

Derivative Instrument Fair Values

Newmont had the following derivative instruments designated as hedges at March 31, 2012 and December 31, 2011:

		Fair Value
		At March 31, 2012
		Other Current Assets		Other Long-Term Assets		Other Current Liabilities		Other Long-Term Liabilities
Foreign currency exchange contracts:
	A$ operating fixed forwards	$	119	$	113	$	2	$	4
	A$ capital fixed forwards		1		1		-		-
	NZ$ operating fixed forwards		3		-		-		-
Diesel fixed forwards			9		2		-		-
Total derivative instruments (Note 19 and 21)		$	132	$	116	$	2	$	4
		Fair Value
		At December 31, 2011
		Other Current Assets		Other Long-Term Assets		Other Current Liabilities		Other Long-Term Liabilities
Foreign currency exchange contracts:
	A$ operating fixed forwards	$	121		112		6		4
	A$ capital fixed forwards		-		-		-		1
	NZ$ operating fixed forwards		2		-		1		-
Diesel fixed forwards			4		-		2		1
Forward starting interest rate swaps			-		-		399		-
Total derivative instruments (Note 19 and 21)		$	127	$	112	$	408	$	6

The following tables show the location and amount of gains (losses) reported in the Company's Condensed Consolidated Financial Statements related to the Company's cash flow and fair value hedges and the gains (losses) recorded for the hedged item related to the fair value hedges.

			Foreign Currency			Diesel Forward				Forward Starting
			Exchange Contracts			Contracts				Swaps
		2012		2011		2012		2011		2012		2011
For the three months ended March 31,
Cash flow hedging relationships:
	Gain recognized in other comprehensive income (effective portion)	$	62	$	67	$	12	$	15	$	36	$	-
	Gain(loss) reclassified from Accumulated other comprehensive income into income (effective portion) (1)		47		42		3		4		(1)		-
	Gain reclassified from Accumulated other comprehensive loss into income (ineffective portion) (2)		-		-		-		-		2		-

(1)The gain for the effective portion of foreign exchange and diesel cash flow hedges reclassified from Accumulated other comprehensive income is included in Costs applicable to sales. The loss for the effective portion of forward starting swapsreclassified from Accumulated other comprehensive income is included in Interest Expense.

(2)The ineffective portion recognized for cash flow hedges is included inOther Income, net.

		Interest Rate				8 5/8% Debentures
		Swap Contracts				(Hedged Portion)
		2012		2011		2012		2011
For the three months ended March 31,
Fair value hedging relationships:
	Gain(loss) recognized in income (effective portion) (1)?	$	-	$	2	$	-	$	(5)
	Loss recognized in income (ineffective portion) (2)?		-		(1)		-		-

(1) The gain(loss) recognized for the effective portion of fair value hedges and the underlying hedged debt is included in Interest expense, net.

(2) The ineffective portion recognized for fair value hedges and the underlying hedged debt is included in Other income, net.

The amount to be reclassified from Accumulated other comprehensive income, net of tax to income for derivative instruments during the next 12 months is a gain of approximately $70.

Provisional Copper and Gold Sales

The Company's provisional copper and gold sales contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of the gold and copper concentrates at the prevailing indices' prices at the time of sale. The embedded derivative, which does not qualify for hedge accounting, is marked to market through earnings each period prior to final settlement.

LME copper prices averaged $3.77 per pound during the first quarter of 2012, compared with the Company's recorded average provisional price of $3.75 per pound before mark-to-market gainsand treatment and refining charges. During the first quarter of 2012, changes in copper prices resulted in a provisional pricing mark-to-market gainof $31($0.53 per pound). At March 31, 2012, Newmont had copper sales of 58 million pounds priced at an average of $3.83 per pound, subject to final pricing over the next several months.

The average London P.M. fix for gold was $1,691 per ounce during the first quarter of 2012, consistent with the Company's recorded average provisional price before mark-to-market gains and treatment and refining charges. During the first quarter of 2012, changes in gold prices resulted in a provisional pricing mark-to-market gainof $6($4 per ounce). At March 31, 2012, Newmont had gold sales of 95,000 ounces priced at an average of $1,663 per ounce, subject to final pricing over the next several months.