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 June 30, 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)

Registrant’s telephone number, including area code (303) 863-7414

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 491,247,996 shares of common stock outstanding on July 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		44
Overview		44
Selected Financial and Operating Results		46
Consolidated Financial Results		47
Results of Consolidated Operations		53
Liquidity and Capital Resources		58
Environmental		61
Accounting Developments		61
Non-GAAP Financial Measures		62
Safe Harbor Statement		64
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK		65
ITEM 4. CONTROLS AND PROCEDURES		67
PART II
ITEM 1. LEGAL PROCEEDINGS		68
ITEM 1A. RISK FACTORS		68
ITEM 2. ISSUER PURCHASES OF EQUITY SECURITIES		68
ITEM 3. DEFAULTS UPON SENIOR SECURITIES		68
ITEM 4. MINE SAFETY DISCLOSURES		68
ITEM 5. OTHER INFORMATION		69
ITEM 6. EXHIBITS		69
SIGNATURES		70
EXHIBIT INDEX		71

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						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Sales (Note 3)	$	2,229		$	2,384		$	4,912		$	4,849
Costs and expenses
Costs applicable to sales (1) (Note 3)		1,002			917			2,019			1,857
Amortization		248			250			479			506
Reclamation and remediation (Note 4)		16			43			32			57
Exploration		106			89			194			151
Advanced projects, research and development		82			86			184			154
General and administrative		57			50			111			95
Other expense, net (Note 5)		126			87			246			160
		1,637			1,522			3,265			2,980
Other income (expense)
Other income, net (Note 6)		36			48			69			79
Interest expense, net		(71	)		(63	)		(123	)		(128	)
		(35	)		(15	)		(54	)		(49	)
Income before income and mining tax and other items		557			847			1,593			1,820
Income and mining tax expense (Note 9)		(175	)		(187	)		(518	)		(492	)
Equity income (loss) of affiliates		(11	)		—			(30	)		2
Income from continuing operations		371			660			1,045			1,330
Loss from discontinued operations (Note 10)		—			(136	)		(71	)		(136	)
Net income		371			524			974			1,194
Net income attributable to noncontrolling interests (Note 11)		(92	)		(137	)		(205	)		(293	)
Net income attributable to Newmont stockholders	$	279		$	387		$	769		$	901
Net income attributable to Newmont stockholders:
Continuing operations	$	279		$	523		$	840		$	1,037
Discontinued operations		—			(136	)		(71	)		(136	)
	$	279		$	387		$	769		$	901
Income per common share (Note 12)
Basic:
Continuing operations	$	0.56		$	1.06		$	1.69		$	2.10
Discontinued operations		—			(0.28	)		(0.14	)		(0.28	)
	$	0.56		$	0.78		$	1.55		$	1.82
Diluted:
Continuing operations	$	0.56		$	1.04		$	1.67		$	2.07
Discontinued operations		—			(0.27	)		(0.14	)		(0.27	)
	$	0.56		$	0.77		$	1.53		$	1.80
Cash dividends declared per common share	$	0.35		$	0.20		$	0.70		$	0.35

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

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

1

NEWMONT MINING CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(unaudited, in millions)

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Net income	$	371		$	524		$	974		$	1,194
Other comprehensive income (loss):
Unrealized loss on marketable securities, net of $18, $108, $(5) and $80 tax benefit and (expense), respectively		(273	)		(243	)		(313	)		(75	)
Foreign currency translation adjustments		(10	)		38			—			127
Change in pension and other post-retirement benefits, net of $2, $2, $4 and $3 tax expense, respectively		4			4			8			8
Change in fair value of cash flow hedge instruments, net of $8, $163, $(18) and $152 tax benefit and (expense), respectively
Net change from periodic revaluations		4			162			73			217
Net amount reclassified to income		(24	)		(39	)		(59	)		(72	)
Net unrecognized gain (loss) on derivatives		(20	)		123			14			145
Other comprehensive income (loss)		(299	)		(78	)		(291	)		205
Comprehensive income	$	72		$	446		$	683		$	1,399
Comprehensive income attributable to:
Newmont stockholders	$	(18	)	$	308		$	478		$	1,103
Noncontrolling interests		90			138			205			296
	$	72		$	446		$	683		$	1,399

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)

	Six Months Ended June 30,
	2012			2011
Operating activities:
Net income	$	974		$	1,194
Adjustments:
Amortization		479			506
Loss from discontinued operations		71			136
Reclamation and remediation		32			57
Deferred income taxes		12			(38	)
Stock based compensation and other non-cash benefits		36			44
Impairment of marketable securities		32			1
Gain on asset sales, net		(10	)		(53	)
Other operating adjustments and write-downs		106			96
Net change in operating assets and liabilities (Note 23)		(768	)		(540	)
Net cash provided from continuing operations		964			1,403
Net cash used in discontinued operations		(8	)		(2	)
Net cash provided from operations		956			1,401
Investing activities:
Additions to property, plant and mine development		(1,578	)		(1,020	)
Sale of marketable securities		106			55
Purchases of marketable securities		(196	)		(15	)
Acquisitions, net		(22	)		(2,291	)
Proceeds from sale of other assets		13			6
Other		(37	)		(15	)
Net cash used in investing activities		(1,714	)		(3,280	)
Financing activities:
Proceeds from debt, net		3,343			775
Repayment of debt		(1,941	)		(973	)
Payment of conversion premium on debt		(172	)		—
Dividends paid to common stockholders		(347	)		(173	)
Dividends paid to noncontrolling interests		(3	)		(17	)
Proceeds from stock issuance, net		15			8
Other		(1	)		—
Net cash provided from (used in) financing activities		894			(380	)
Effect of exchange rate changes on cash		1			58
Net change in cash and cash equivalents		137			(2,201	)
Cash and cash equivalents at beginning of period		1,760			4,056
Cash and cash equivalents at end of period	$	1,897		$	1,855

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 June  30, 2012		At December  31, 2011
ASSETS
Cash and cash equivalents	$	1,897	$	1,760
Trade receivables		290		300
Accounts receivable		359		320
Investments (Note 17)		132		94
Inventories (Note 18)		803		714
Stockpiles and ore on leach pads (Note 19)		798		671
Deferred income tax assets		255		396
Other current assets (Note 20)		738		1,133
Current assets		5,272		5,388
Property, plant and mine development, net		16,936		15,881
Investments (Note 17)		1,185		1,472
Stockpiles and ore on leach pads (Note 19)		2,579		2,271
Deferred income tax assets		1,686		1,605
Other long-term assets (Note 20)		1,002		857
Total assets	$	28,660	$	27,474
LIABILITIES
Debt (Note 21)	$	40	$	689
Accounts payable		574		561
Employee-related benefits		293		307
Income and mining taxes		173		250
Other current liabilities (Note 22)		1,287		2,133
Current liabilities		2,367		3,940
Debt (Note 21)		6,088		3,624
Reclamation and remediation liabilities (Note 4)		1,270		1,169
Deferred income tax liabilities		2,056		2,147
Employee-related benefits		487		459
Other long-term liabilities (Note 22)		403		364
Total liabilities		12,671		11,703
Commitments and contingencies (Note 26)
EQUITY
Common stock		786		784
Additional paid-in capital		8,291		8,408
Accumulated other comprehensive income		361		652
Retained earnings		3,474		3,052
Newmont stockholders’ equity		12,912		12,896
Noncontrolling interests		3,077		2,875
Total equity		15,989		15,771
Total liabilities and equity	$	28,660	$	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, 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 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 previous 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  (Loss)
Three Months Ended June 30, 2012
Nevada	$	571	$	258	$	47	$	43	$	217
La Herradura		93		33		6		11		46
Other North America		—		—		—		1		(54	)
North America		664		291		53		55		209
Yanacocha		614		177		62		18		333
Conga		—		—		—		12		(12	)
Other South America		—		—		—		19		(19	)
South America		614		177		62		49		302
Boddington:
Gold		264		157		49		NA		NA
Copper		42		38		12		NA		NA
Total		306		195		61		2		37
Batu Hijau:
Gold		18		11		3		NA		NA
Copper		88		70		14		NA		NA
Total		106		81		17		7		(16	)
Other Australia/New Zealand		331		182		33		18		101
Other Asia Pacific		—		—		2		4		(9	)
Asia Pacific		743		458		113		31		113
Ahafo		208		76		16		11		100
Akyem		—		—		—		5		(5	)
Other Africa		—		—		—		3		(2	)
Africa		208		76		16		19		93
Corporate and Other		—		—		4		34		(160	)
Consolidated	$	2,229	$	1,002	$	248	$	188	$	557

6

NEWMONT MINING CORPORATION

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

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

			Costs				Advanced
			Applicable to				Projects and		Pre-Tax
	Sales		Sales		Amortization		Exploration		Income (Loss)
Three Months Ended June 30, 2011
Nevada	$	529	$	224	$	56	$	38	$	195
La Herradura		81		27		5		3		44
Other North America		—		—		4		53		(8	)
North America		610		251		65		94		231
Yanacocha		524		190		66		11		232
Conga		—		—		1		7		(7	)
Other South America		—		—		—		7		(9	)
South America		524		190		67		25		216
Boddington:
Gold		269		117		31		N/A		N/A
Copper		54		27		7		N/A		N/A
Total		323		144		38		2		140
Batu Hijau:
Gold		92		30		7		N/A		N/A
Copper		242		79		18		N/A		N/A
Total		334		109		25		1		186
Other Australia/New Zealand		375		158		31		10		168
Other Asia Pacific		—		—		—		5		(34	)
Asia Pacific		1,032		411		94		18		460
Ahafo		218		65		20		8		119
Akyem		—		—		—		1		(1	)
Other Africa		—		—		—		3		(5	)
Africa		218		65		20		12		113
Corporate and Other		—		—		4		26		(173	)
Consolidated	$	2,384	$	917	$	250	$	175	$	847

7

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 (Loss)			Total Assets		Capital Expenditures(1)
Six Months Ended June 30, 2012
Nevada	$	1,294	$	525	$	100	$	77	$	586		$	7,280	$	370
La Herradura		186		65		11		17		91			353		29
Other North America		—		—		—		1		(106	)		199		—
North America		1,480		590		111		95		571			7,832		399
Yanacocha		1,208		338		112		35		682			2,775		243
Conga		—		—		—		39		(39	)		1,462		342
Other South America		—		—		—		44		(44	)		44		—
South America		1,208		338		112		118		599			4,281		585
Boddington:
Gold		562		294		81		N/A		N/A			N/A		N/A
Copper		103		68		18		N/A		N/A			N/A		N/A
Total		665		362		99		5		180			4,640		52
Batu Hijau:
Gold		52		30		6		N/A		N/A			N/A		N/A
Copper		260		155		30		N/A		N/A			N/A		N/A
Total		312		185		36		14		32			3,651		61
Other Australia/New Zealand		758		372		69		33		280			1,348		137
Other Asia Pacific		—		—		3		10		(4	)		606		8
Asia Pacific		1,735		919		207		62		488			10,245		258
Ahafo		489		172		40		22		250			1,328		108
Akyem		—		—		—		9		(10	)		750		189
Other Africa		—		—		—		5		(4	)		9		—
Africa		489		172		40		36		236			2,087		297
Corporate and Other		—		—		9		67		(301	)		4,215		37
Consolidated	$	4,912	$	2,019	$	479	$	378	$	1,593		$	28,660	$	1,576

⁽¹⁾  Includes a decrease in accrued capital expenditures of $2; consolidated capital expenditures on a cash basis were $1,578.

8

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 (Loss)			Total Assets		Capital Expenditures(1)
Six Months Ended June 30, 2011
Nevada	$	1,111	$	496	$	128	$	55	$	411		$	6,797	$	228
La Herradura		146		45		9		9		80			260		41
Other North America		—		—		7		97		(58	)		2,294		27
North America		1,257		541		144		161		433			9,351		296
Yanacocha		886		343		119		17		381			2,634		127
Conga		—		—		1		10		(11	)		562		251
Other South America		—		—		—		14		(15	)		37		—
South America		886		343		120		41		355			3,233		378
Boddington:
Gold		501		217		59		N/A		N/A			N/A		N/A
Copper		107		55		14		N/A		N/A			N/A		N/A
Total		608		272		73		3		244			4,419		75
Batu Hijau:
Gold		232		64		14		N/A		N/A			N/A		N/A
Copper		611		168		38		N/A		N/A			N/A		N/A
Total		843		232		52		1		509			3,513		88
Other Australia/New Zealand		790		324		66		22		365			1,124		134
Other Asia Pacific		—		—		1		6		(34	)		625		4
Asia Pacific		2,241		828		192		32		1,084			9,681		301
Ahafo		465		145		42		15		255			1,037		37
Akyem		—		—		—		2		(2	)		351		67
Other Africa		—		—		—		3		(6	)		6		—
Africa		465		145		42		20		247			1,394		104
Corporate and Other		—		—		8		51		(299	)		4,979		18
Consolidated	$	4,849	$	1,857	$	506	$	305	$	1,820		$	28,638	$	1,097

⁽¹⁾  Includes an increase in accrued capital expenditures of $77; consolidated capital expenditures on a cash basis were $1,020.

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 4 RECLAMATION AND REMEDIATION

At June 30, 2012 and December 31, 2011, $1,145 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 June 30, 2012 and December 31, 2011, $191 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:

	Six Months Ended June 30,
	2012			2011
Balance at beginning of period	$	1,240		$	1,048
Additions, changes in estimates and other		105			32
Liabilities settled		(41	)		(15	)
Accretion expense		32			29
Balance at end of period	$	1,336		$	1,094

The current portion of Reclamation and remediation liabilities of $66 and $71 at June 30, 2012 and December 31, 2011, respectively, are included in Other current liabilities (see Note 22).

The Company’s reclamation and remediation expenses consisted of:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Reclamation	$	—	$	28	$	—	$	28
Accretion - operating		13		13		27		25
Accretion - non-operating		3		2		5		4
	$	16	$	43	$	32	$	57

NOTE 5 OTHER EXPENSE, NET

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Hope Bay care and maintenance	$	52	$	—	$	102	$	—
Community development		20		23		51		40
Regional administration		29		21		50		37
Acquisiton costs		12		20		12		21
Western Australia power plant		4		5		8		9
Indonesian value added tax settlement		—		—		—		21
Other		9		18		23		32
	$	126	$	87	$	246	$	160

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 6 OTHER INCOME, NET

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Income (loss) from developing projects, net	$	19		$	(4	)	$	33		$	20
Reduction of allowance for loan receivable		—			—			21			—
Canadian Oil Sands		11			10			20			16
Gain on asset sales, net		—			—			10			3
Refinery income, net		2			—			7			—
Interest		2			2			7			6
Gain on sale of investments, net		—			50			—			50
Foreign currency exchange, net		12			(18	)		(3	)		(29	)
Impairment of marketable securities		(8	)		(1	)		(32	)		(1	)
Other		(2	)		9			6			14
	$	36		$	48		$	69		$	79

NOTE 7 EMPLOYEE PENSION AND OTHER BENEFIT PLANS

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Pension benefit costs, net
Service cost	$	8		$	6		$	15		$	12
Interest cost		11			10			21			20
Expected return on plan assets		(11	)		(11	)		(22	)		(21	)
Amortization		8			7			14			12
	$	16		$	12		$	28		$	23
	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Other benefit costs, net
Service cost	$	—		$	—		$	1		$	1
Interest cost		2			1			3			2
	$	2		$	1		$	4		$	3

NOTE 8 STOCK BASED COMPENSATION

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Stock options	$	3	$	7	$	7	$	10
Restricted stock units		6		11		11		21
Performance leveraged stock units		3		1		6		3
Strategic stock units		1		—		1		—
	$	13	$	19	$	25	$	34

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 9 INCOME AND MINING TAXES

During the second quarter of 2012, the Company recorded estimated income and mining tax expense of $175 resulting in an effective tax rate of 32%. Estimated income and mining tax expense during the second quarter of 2011 was $187 for an effective tax rate of 22%. During the first half of 2012, estimated income and mining tax expense was $518 resulting in an effective tax rate of 33%. Estimated income and mining tax expense during the first half of 2011 was $492 for an effective tax rate of 27%. The higher effective tax rate in the second quarter and first half of 2012 is a result of the following: (i) valuation allowances recorded on our Canadian deferred tax assets generated in 2012 due to care and maintenance expenditures at Hope Bay, (ii) an increase in mining taxes included in Income and mining tax expense, primarily related to Nevada and Peru, and (iii) a $65 non-recurring tax benefit in the second quarter and first half of 2011, recorded in connection with the conversion of non-U.S. tax-paying entities to entities currently subject to U.S. income tax which resulted in an increase in net deferred tax assets.

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 June 30, 2012, the Company’s total unrecognized tax benefit was $245 for uncertain income tax positions taken or expected to be taken on income tax returns. Of this, $28 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 $20 to $25 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 June 30,												Six Months Ended June 30,
	2012						2011						2012						2011
Income before income and mining tax and other items				$	557					$	847					$	1,593					$	1,820
Tax on income at statutory rate		35	%		195			35	%		296			35	%		558			35	%		637
Reconciling items:
Tax benefit generated on change in form of a non-U.S. subsidiary					—			(8	)%		(65	)					—			(4	)%		(65	)
Percentage depletion		(6	)%		(34	)		(7	)%		(56	)		(7	)%		(108	)		(6	)%		(111	)
Change in valuation allowance on deferred tax assets		2	%		13						—			3	%		46						—
Other		1	%		1			2	%		12			2	%		22			2	%		31
Income and mining tax expense		32	%	$	175			22	%	$	187			33	%	$	518			27	%	$	492

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 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 was upheld in 2011 by the Ontario Court of Appeal. During the first half 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 a higher gold price.

Net operating cash used in discontinued operations of $8 in the first half of 2012 relates to payments on the Holt property royalty.

NOTE 11 NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS

	Three Months Ended June 30,					Six Months Ended June 30,
	2012			2011		2012		2011
Yanacocha	$	97		$	72	$	195	$	126
Batu Hijau		(5	)		64		8		166
Other		—			1		2		1
	$	92		$	137	$	205	$	293

At June 30, 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 consolidates 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%).

13

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 June 30,					Six Months Ended June 30,
	2012		2011			2012			2011
Net income attributable to Newmont stockholders
Continuing operations	$	279	$	523		$	840		$	1,037
Discontinued operations		—		(136	)		(71	)		(136	)
	$	279	$	387		$	769		$	901
Weighted average common shares:
Basic		496		494			496			494
Effect of employee stock-based awards		1		1			1			1
Effect of convertible notes		1		6			5			6
Diluted		498		501			502			501
Income per common share
Basic:
Continuing operations	$	0.56	$	1.06		$	1.69		$	2.10
Discontinued operations		—		(0.28	)		(0.14	)		(0.28	)
	$	0.56	$	0.78		$	1.55		$	1.82
Diluted:
Continuing operations	$	0.56	$	1.04		$	1.67		$	2.07
Discontinued operations		—		(0.27	)		(0.14	)		(0.27	)
	$	0.56	$	0.77		$	1.53		$	1.80

Options to purchase 2 and 3 million shares of common stock at average exercise prices of $58 and $57 were outstanding at June 30, 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.

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.

14

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

	Six Months Ended June 30,
	2012			2011
Common stock:
At beginning of period	$	784		$	778
Stock based awards		2			2
At end of period		786			780
Additional paid-in capital:
At beginning of period		8,408			8,279
Stock based awards		55			52
Conversion premium on convertible notes		(172	)		—
Shares issued in exchange for exchangeable shares		—			(1	)
At end of period		8,291			8,330
Accumulated other comprehensive income:
At beginning of period		652			1,108
Other comprehensive income		(291	)		202
At end of period		361			1,310
Retained earnings:
At beginning of period		3,052			3,180
Net income attributable to Newmont stockholders		769			901
Dividends paid		(347	)		(173	)
At end of period		3,474			3,908
Noncontrolling interests:
At beginning of period		2,875			2,371
Net income attributable to noncontrolling interests		205			293
Dividends paid		(3	)		(2	)
Other comprehensive income		—			3
At end of period		3,077			2,665
Total equity	$	15,989		$	16,993

15

NEWMONT MINING CORPORATION

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

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

NOTE 14 ACQUISITIONS

On April 6, 2011, Newmont completed the acquisition of Fronteer Gold, Inc. (“Fronteer”). Under the Arrangement, shareholders of Fronteer received C$14.00 in cash and one-fourth common share in Pilot Gold, which retained certain exploration assets of Fronteer, for each common share of Fronteer. In connection with the acquisition, Newmont incurred transaction costs of $21, which were recorded in Other Expense, net in the first half of 2011.

On June 25, 2009 the Company completed the acquisition of the remaining 33.33% interest in Boddington from AngloGold Ashanti Australia Limited (“AngloGold”), with a transaction that included maximum contingent consideration of $100, based on an operating margin royalty. Since the completion of the acquisition, the Company has accrued the maximum royalty, of which $12 was accrued in the current quarter.

NOTE 15 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).

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.

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 at June 30, 2012
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	503	$	503	$	—	$	—
Marketable equity securities:
Extractive industries		1,110		1,110		—		—
Other		10		10		—		—
Marketable debt securities:
Asset backed commercial paper		19		—		—		19
Corporate		98		—		98		—
Auction rate securities		5		—		—		5
Trade receivable from provisional copper and gold concentrate sales, net		179		179		—		—
Derivative instruments, net:
Foreign exchange forward contracts		223		—		223		—
	$	2,147	$	1,802	$	321	$	24
Liabilities:
Diesel forward contracts		8		—		8		—
Boddington contingent consideration		44		—		—		44
Holt property royalty		243		—		—		243
	$	295	$	—	$	8	$	287

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 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’s marketable debt securities include investments in auction rate securities and asset backed commercial paper. The Company reviews the fair value for auction rate securities and asset backed commercial paper on 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.

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 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. This contingent royalty is capped at $100, and at June 30, 2012, the Company has accrued the maximum of $100. At June 30, 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 approximate 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 approximate 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 six months ended June 30, 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		—		—		—		(22	)		(8	)		(30	)
Revaluation		—		—		—		12			75			87
Balance at end of period	$	5	$	19	$	24	$	44		$	243		$	287

At June 30, 2012, assets and liabilities classified within Level 3 of the fair value hierarchy represent 1% and 97%, respectively, of total assets and liabilities measured at fair value.

NOTE 16 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.

18

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 June 30, 2012:

	Expected Maturity Date
	2012			2013			2014			2015			2016			2017			Total/ Average
A$ Operating Fixed Forward Contracts:
A$ notional (millions)		641			1,048			762			471			244			28			3,194
Average rate ($/A$)		0.93			0.93			0.90			0.89			0.90			0.88			0.91
Expected hedge ratio		78	%		68	%		50	%		33	%		17	%		4	%
A$ Capital Fixed Forward Contracts:
A$ notional (millions)		27			51			22			—			—			—			100
Average rate ($/A$)		1.00			0.98			0.96			—			—			—			0.98
Expected hedge ratio		37	%		28	%		40	%		—			—			—
NZ$ Operating Fixed Forward Contracts:
NZ$ notional (millions)		41			37			4			—			—			—			82
Average rate ($/NZ$)		0.78			0.78			0.78			—			—			—			0.78
Expected hedge ratio		60	%		29	%		8	%		—			—			—

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 June 30, 2012:

	Expected Maturity Date
	2012			2013			2014			2015			Total/ Average
Diesel Fixed Forward Contracts:
Diesel gallons (millions)		16			22			10			1			49
Average rate ($/gallon)		2.91			2.92			2.88			2.85			2.91
Expected hedge ratio		71	%		50	%		24	%		8	%

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, the forward-starting interest rate swaps were settled for $362, of which $349 represented 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.

19

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 June 30, 2012 and December 31, 2011:

	Fair Value
	At June 30, 2012
	Other Current Assets		Other Long- Term Assets		Other Current Liabilities		Other Long- Term Liabilities
Foreign currency exchange contracts:
A$ operating fixed forwards	$	102	$	121	$	2	$	1
A$ capital fixed forwards		1		1		—		—
NZ$ operating fixed forwards		1		—		—		—
Diesel fixed forwards		1		—		6		3
Total derivative instruments (Note 20 and 22)	$	105	$	122	$	8	$	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 20 and 22)	$	127	$	112	$	408	$	6

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 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  Swap Contracts
	2012		2011		2012			2011			2012			2011
For the three months ended June 30,
Cash flow hedging relationships:
Gain (loss) recognized in other comprehensive income (effective portion)	$	23	$	126	$	(16	)	$	(5	)	$	—		$	—
Gain (loss) reclassified from Accumulated other comprehensive income into income (effective portion) (1)		38		49		1			5			(3	)		—
For the six months ended June 30,
Cash flow hedging relationships:
Gain (loss) recognized in other comprehensive income (effective portion)	$	85	$	193	$	(4	)	$	10		$	36		$	—
Gain(loss) reclassified from Accumulated other comprehensive income into income (effective portion) (1)		85		91		4			9			(4	)		—
Gain reclassified from Accumulated other comprehensive income into income (ineffective portion) (2)		—		—		—			—			2			—

⁽¹⁾  The gain (loss) for the effective portion of the 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 the 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.

21

NEWMONT MINING CORPORATION

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

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

	Interest Rate Swap Contracts					8 5/8% Debentures (Hedged Portion)
	2012		2011			2012		2011
For the three months ended June 30,
Fair value hedging relationships:
Gain (loss) recognized in income (effective portion) (1)	$	—	$	1		$	—	$	(1	)
(Loss) recognized in income (ineffective portion) (2)		—		(1	)		—		—
For the six months ended June 30,
Fair value hedging relationships:
Gain (loss) recognized in income (effective portion) (1)	$	—	$	3		$	—	$	(6	)
(Loss) recognized in income (ineffective portion) (2)		—		(2	)		—		—

⁽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 $49.

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.

London Metal Exchange (“LME”) copper prices averaged $3.57 per pound during the three months ended June 30, 2012, compared with the Company’s recorded average provisional price of $3.52 per pound before mark-to-market adjustments and treatment and refining charges. LME copper prices averaged $3.67 per pound during the six months ended June 30, 2012, compared with the Company’s recorded average provisional price of $3.65 per pound before mark-to-market adjustments and treatment and refining charges. During the three and six months ended June 30, 2012, changes in copper prices resulted in a provisional pricing mark-to-market loss of $18 ($0.40 per pound) and gain of $13 ($0.12 per pound), respectively. At June 30, 2012, Newmont had copper sales of 40 million pounds priced at an average of $3.44 per pound, subject to final pricing over the next several months.

The average London P.M. fix for gold was $1,609 per ounce during the three months ended June 30, 2012, compared with the Company’s recorded average provisional price of $1,607 per ounce before mark-to-market adjustments and treatment and refining charges. The average London P.M. fix for gold was $1,651 per ounce during the six months ended June 30, 2012, compared to the Company’s recorded average provisional price of $1,651 per ounce before mark-to-market adjustments and treatment and refining charges. During the three and six months ended June 30, 2012, changes in gold prices resulted in a provisional pricing mark-to-market loss of $2 ($2 per ounce) and gain of $4 ($1 per ounce), respectively. At June 30, 2012, Newmont had gold sales of 74,000 ounces priced at an average of $1,600 per ounce, subject to final pricing over the next several months.

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 17 INVESTMENTS

	At June 30, 2012
	Cost/Equity		Unrealized					Fair/Equity
	Basis		Gain		Loss			Basis
Current:
Marketable Equity Securities:
Paladin Energy Ltd.	$	60	$	7	$	—		$	67
Other		14		6		(3	)		17
		74		13		(3	)		84
Marketable Debt Securities:
Corporate		48		—		—			48
	$	122	$	13	$	(3	)	$	132
Long-term:
Marketable Debt Securities:
Asset backed commercial paper	$	25	$	—	$	(6	)	$	19
Auction rate securities		8		—		(3	)		5
Corporate		48		2		—			50
		81		2		(9	)		74
Marketable Equity Securities:
Canadian Oil Sands Ltd.		303		296		—			599
Gabriel Resources Ltd.		76		1		—			77
Regis Resources Ltd.		36		260		—			296
Other		68		8		(12	)		64
		483		565		(12	)		1,036
Other investments, at cost		12		—		—			12
Investment in Affiliates:
Euronimba Ltd.		2		—		—			2
Minera La Zanja S.R.L.		61		—		—			61
	$	639	$	567	$	(21	)	$	1,185

23

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:
Minera La Zanja S.R.L.		66		—		—			66
	$	625	$	872	$	(25	)	$	1,472

Included in Investments at June 30, 2012 and December 31, 2011 are $7 and $11 of long-term marketable debt securities, respectively, and $10 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 three and six months ended June 30, 2012, the Company recognized impairments for other-than-temporary declines in value of $8 and $32 for marketable equity securities.

During the first half of 2012, the Company made net purchases of corporate marketable debt securities of $91.

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:

24

NEWMONT MINING CORPORATION

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

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

	Less than 12 Months				12 Months or Greater				Total
At June 30, 2012	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Marketable equity securities	$	34	$	14	$	—	$	—	$	34	$	14
Asset backed commercial paper		—		—		19		6		19		6
Auction rate securities		—		—		5		3		5		3
	$	34	$	14	$	24	$	9	$	58	$	23
	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
Marketable equity securities	$	42	$	18	$	—	$	—	$	42	$	18
Asset backed commercial paper		—		—		19		6		19		6
Auction rate securities		—		—		5		2		5		2
	$	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 18 INVENTORIES

	At June 30,		At December 31,
	2012		2011
In-process	$	123	$	159
Concentrate		192		116
Precious metals		36		12
Materials, supplies and other		452		427
	$	803	$	714

NOTE 19 STOCKPILES AND ORE ON LEACH PADS

	At June 30,		At December 31,
	2012		2011
Current:
Stockpiles	$	590	$	506
Ore on leach pads		208		165
	$	798	$	671
Long-term:
Stockpiles	$	2,187	$	1,904
Ore on leach pads		392		367
	$	2,579	$	2,271

25

NEWMONT MINING CORPORATION

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

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

	At June 30,		At December 31,
	2012		2011
Stockpiles and ore on leach pads:
Nevada	$	608	$	536
La Herradura		21		6
Yanacocha		591		512
Boddington		456		435
Batu Hijau		1,331		1,119
Other Australia/New Zealand		165		161
Ahafo		205		173
	$	3,377	$	2,942

NOTE 20 OTHER ASSETS

	At June 30,		At December 31,
	2012		2011
Other current assets:
Refinery metal inventory and receivable	$	393	$	796
Prepaid assets		176		93
Derivative instruments		105		127
Restricted cash		2		20
Note receivable		—		12
Other		62		85
	$	738	$	1,133
Other long-term assets:
Goodwill	$	188	$	188
Income tax receivable		185		142
Intangible assets		142		147
Derivative instruments		122		112
Restricted cash		91		48
Debt issuance costs		79		59
Other receivables		16		17
Other		179		144
	$	1,002	$	857

26

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 DEBT

	At June 30, 2012				At December 31, 2011
	Current		Non-Current		Current		Non-Current
Sale-leaseback of refractory ore treatment plant	$	30	$	—	$	165	$	—
Corporate revolving credit facility		—		—		—		33
2012 Convertible Senior Notes, net		—		—		514		—
2014 Convertible Senior Notes, net		—		523		—		512
2017 Convertible Senior Notes, net		—		461		—		452
2019 Senior Notes, net		—		897		—		896
2022 Senior Notes, net		—		1,489		—		—
2035 Senior Notes, net		—		598		—		598
2039 Senior Notes, net		—		1,087		—		1,087
2042 Senior Notes, net		—		992		—		—
Ahafo project finance facility		10		40		10		45
Other capital leases		—		1		—		1
	$	40	$	6,088	$	689	$	3,624

Scheduled minimum debt repayments are $35 for the remainder of 2012, $10 in 2013, $533 in 2014, $10 in 2015, $10 in 2016 and $5,530 thereafter.

Corporate Revolving Credit Facility

In May 2012, the Company’s Corporate Revolving Credit Facility was amended to increase the capacity to $3,000 and extend the facility one year to 2017. The available capacity under the Corporate Revolving Credit Facility prior to the amendment was $2,500.

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 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.

27

NEWMONT MINING CORPORATION

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

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

NOTE 22 OTHER LIABILITIES

	At June  30, 2012		At December  31, 2011
Other current liabilities:
Refinery metal payable	$	393	$	796
Accrued capital expenditures		237		248
Accrued operating costs		231		231
Interest		79		55
Taxes other than income and mining		78		93
Reclamation and remediation liabilities		66		71
Deferred income tax		54		50
Royalties		38		53
Boddington contingent consideration		28		24
Holt property royalty		17		17
Derivative instruments		8		408
Other		58		87
	$	1,287	$	2,133
Other long-term liabilities:
Holt property royalty	$	226	$	159
Income and mining taxes		75		88
Power supply agreements		45		45
Boddington contingent consideration		16		30
Derivative instruments		4		6
Other		37		36
	$	403	$	364

28

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 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:

	Six Months Ended June 30,
	2012			2011
Decrease (increase) in operating assets:
Trade and accounts receivable	$	(14	)	$	121
Inventories, stockpiles and ore on leach pads		(443	)		(230	)
EGR refinery assets		406			(437	)
Other assets		(43	)		(67	)
Increase (decrease) in operating liabilities:
Accounts payable and other accrued liabilities		(227	)		(349	)
EGR refinery liabilities		(406	)		437
Reclamation liabilities		(41	)		(15	)
	$	(768	)	$	(540	)

NOTE 24 SUPPLEMENTAL CASH FLOW INFORMATION

	Six Months Ended June 30,
	2012		2011
Income and mining taxes, net of refunds	$	746	$	892
Interest, net of amounts capitalized	$	105	$	92

29

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 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.

	Three Months Ended June 30, 2012
Condensed Consolidating Statement of Income	Newmont Mining Corporation			Newmont USA			Other Subsidiaries			Eliminations			Newmont Mining Corporation Consolidated
Sales	$	—		$	1,383		$	846		$	—		$	2,229
Costs and expenses
Costs applicable to sales (1)		—			550			464			(12	)		1,002
Amortization		—			135			113			—			248
Reclamation and remediation		—			12			4			—			16
Exploration		—			71			35			—			106
Advanced projects, research and development		—			64			17			1			82
General and administrative		—			44			2			11			57
Other expense, net		—			42			84			—			126
		—			918			719			—			1,637
Other income (expense)
Other income, net		(6	)		12			30			—			36
Interest income - intercompany		39			1			6			(46	)		—
Interest expense - intercompany		(3	)		(1	)		(42	)		46			—
Interest expense, net		(62	)		(7	)		(2	)		—			(71	)
		(32	)		5			(8	)		—			(35	)
Income before income and mining tax and other items		(32	)		470			119			—			557
Income and mining tax expense		11			(83	)		(103	)		—			(175	)
Equity income (loss) of affiliates		300			(2	)		50			(359	)		(11	)
Net income		279			385			66			(359	)		371
Net income attributable to noncontrolling interests		—			(91	)		(31	)		30			(92	)
Net income attributable to Newmont stockholders	$	279		$	294		$	35		$	(329	)	$	279
Comprehensive income	$	(18	)	$	357		$	(190	)	$	(77	)	$	72
Comprehensive income attributable to noncontrolling interests		—			(91	)		(29	)		30			(90	)
Comprehensive income attributable to Newmont stockholders
	$	(18	)	$	266		$	(219	)	$	(47	)	$	(18	)

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

30

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 June 30, 2011
Condensed Consolidating Statement of Income	Newmont Mining Corporation			Newmont USA			Other Subsidiaries			Eliminations			Newmont Mining Corporation Consolidated
Sales	$	—		$	1,468		$	916		$	—		$	2,384
Costs and expenses
Costs applicable to sales (1)		—			551			375			(9	)		917
Amortization		—			156			94			—			250
Reclamation and remediation		—			37			6			—			43
Exploration		—			47			42			—			89
Advanced projects, research and development		—			41			46			(1	)		86
General and administrative		—			39			1			10			50
Other expense, net		—			67			20			—			87
		—			938			584			—			1,522
Other income (expense)
Other income, net		(2	)		41			9			—			48
Interest income - intercompany		40			2			2			(44	)		—
Interest expense - intercompany		(3	)		—			(41	)		44			—
Interest expense, net		(59	)		(3	)		(1	)		—			(63	)
		(24	)		40			(31	)		—			(15	)
Income before income and mining tax and other items		(24	)		570			301			—			847
Income and mining tax expense		5			(111	)		(81	)		—			(187	)
Equity income (loss) of affiliates		406			2			50			(458	)		—
Income from continuing operations		387			461			270			(458	)		660
Loss from discontinued operations		—			7			(143	)		—			(136	)
Net income (loss)		387			468			127			(458	)		524
Net income attributable to noncontrolling interests		—			(173	)		30			6			(137	)
Net income attributable to Newmont stockholders	$	387		$	295		$	157		$	(452	)	$	387
Comprehensive income	$	308		$	419		$	230		$	(511	)	$	446
Comprehensive income attributable to noncontrolling interests		—			(173	)		29			6			(138	)
Comprehensive income attributable to Newmont stockholders	$	308		$	246		$	259		$	(505	)	$	308

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

31

NEWMONT MINING CORPORATION

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

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

	Six Months Ended June 30, 2012
Condensed Consolidating Statement of Income	Newmont Mining Corporation			Newmont USA			Other Subsidiaries			Eliminations			Newmont Mining Corporation Consolidated
Sales	$	—		$	3,000		$	1,912		$	—		$	4,912
Costs and expenses
Costs applicable to sales (1)		—			1,113			929			(23	)		2,019
Amortization		—			265			214			—			479
Reclamation and remediation		—			23			9			—			32
Exploration		—			124			70			—			194
Advanced projects, research and development		—			152			31			1			184
General and administrative		—			86			3			22			111
Other expense, net		—			89			157			—			246
		—			1,852			1,413			—			3,265
Other income (expense)
Other income, net		(9	)		25			53			—			69
Interest income — intercompany		79			3			11			(93	)		—
Interest expense — intercompany		(8	)		(1	)		(84	)		93			—
Interest expense, net		(108	)		(12	)		(3	)		—			(123	)
		(46	)		15			(23	)		—			(54	)
Income before income and mining tax and other items		(46	)		1,163			476			—			1,593
Income and mining tax expense		16			(229	)		(305	)		—			(518	)
Equity income (loss) of affiliates		799			(13	)		117			(933	)		(30	)
Income from continuing operations		769			921			288			(933	)		1,045
Loss from discontinued operations		—			4			(75	)		—			(71	)
Net income		769			925			213			(933	)		974
Net income attributable to noncontrolling interests		—			(207	)		(63	)		65			(205	)
Net income attributable to Newmont stockholders	$	769		$	718		$	150		$	(868	)	$	769
Comprehensive income	$	478		$	898		$	(51	)	$	(642	)	$	683
Comprehensive income attributable to noncontrolling interests		—			(207	)		(63	)		65			(205	)
Comprehensive income attributable to Newmont stockholders	$	478		$	691		$	(114	)	$	(577	)	$	478

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

32

NEWMONT MINING CORPORATION

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

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

	Six Months Ended June 30, 2011
Condensed Consolidating Statement of Income	Newmont Mining Corporation			Newmont USA			Other Subsidiaries			Eliminations			Newmont Mining Corporation Consolidated
Sales	$	—		$	2,986		$	1,863		$	—		$	4,849
Costs and expenses
Costs applicable to sales (1)		—			1,117			759			(19	)		1,857
Amortization		—			315			191			—			506
Reclamation and remediation		—			48			9			—			57
Exploration		—			81			70			—			151
Advanced projects, research and development		—			68			87			(1	)		154
General and administrative		—			73			2			20			95
Other expense, net		—			121			39			—			160
		—			1,823			1,157			—			2,980
Other income (expense)
Other income, net		(8	)		67			20			—			79
Interest income — intercompany		76			4			4			(84	)		—
Interest expense — intercompany		(6	)		—			(78	)		84			—
Interest expense, net		(113	)		(12	)		(3	)		—			(128	)
		(51	)		59			(57	)		—			(49	)
Income before income and mining tax and other items		(51	)		1,222			649			—			1,820
Income and mining tax expense		15			(319	)		(188	)		—			(492	)
Equity income (loss) of affiliates		937			3			139			(1,077	)		2
Income (loss) from continuing operations		901			906			600			(1,077	)		1,330
Income (loss) from discontinued operations		—			7			(143	)		—			(136	)
Net income		901			913			457			(1,077	)		1,194
Net income attributable to noncontrolling interests		—			(365	)		10			62			(293	)
Net income attributable to Newmont stockholders	$	901		$	548		$	467		$	(1,015	)	$	901
Comprehensive income	$	1,103		$	881		$	825		$	(1,410	)	$	1,399
Comprehensive income attributable to noncontrolling interests		—			(365	)		7			62			(296	)
Comprehensive income attributable to Newmont stockholders	$	1,103		$	516		$	832		$	(1,348	)	$	1,103

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

33

NEWMONT MINING CORPORATION

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

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

	Six Months Ended June 30, 2012
Condensed Consolidating Statement of Cash Flows	Newmont Mining Corporation			Newmont USA			Other Subsidiaries			Eliminations			Newmont Mining Corporation Consolidated
Operating activities:
Net income (loss)	$	769		$	925		$	213		$	(933	)	$	974
Adjustments		32			273			(480	)		933			758
Net change in operating assets and liabilities		(7	)		(514	)		(247	)		—			(768	)
Net cash provided from (used in) continuing operations		794			684			(514	)		—			964
Net cash used in discontinued operations		—			—			(8	)		—			(8	)
Net cash provided from (used in) operations		794			684			(522	)		—			956
Investing activities:
Additions to property, plant and mine development		—			(1,090	)		(488	)		—			(1,578	)
Sale of marketable securities		—			—			106			—			106
Purchases of marketable securities		—			(91	)		(105	)		—			(196	)
Acquisitions, net		—			—			(22	)		—			(22	)
Proceeds from sale of other assets		—			9			4			—			13
Other		—			—			(37	)		—			(37	)
Net cash used in investing activities		—			(1,172	)		(542	)		—			(1,714	)
Financing activities:
Net borrowings (repayments)		1,543			(136	)		(5	)		—			1,402
Payment of conversion premium on debt		(172	)		—			—			—			(172	)
Net intercompany borrowings (repayments)		(1,833	)		692			1,141			—			—
Dividends paid to common stockholders		(347	)		—			—			—			(347	)
Dividends paid to noncontrolling interests		—			(3	)		—			—			(3	)
Proceeds from stock issuance, net		15			—			—			—			15
Other		—			—			(1	)		—			(1	)
Net cash provided from (used in) financing activities		(794	)		553			1,135			—			894
Effect of exchange rate changes on cash		—			(1	)		2			—			1
Net change in cash and cash equivalents		—			64			73			—			137
Cash and cash equivalents at beginning of period		—			1,526			234			—			1,760
Cash and cash equivalents at end of period	$	—		$	1,590		$	307		$	—		$	1,897

34

NEWMONT MINING CORPORATION

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

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

	Six Months Ended June 30, 2011
Condensed Consolidating Statement of Cash Flows	Newmont Mining Corporation			Newmont USA			Other Subsidiaries			Eliminations			Newmont Mining Corporation Consolidated
Operating activities:
Net income (loss)	$	901		$	913		$	457		$	(1,077	)	$	1,194
Adjustments		39			362			(729	)		1,077			749
Net change in operating assets and liabilities		(27	)		(509	)		(4	)		—			(540	)
Net cash provided from (used in) continuing operations		913			766			(276	)		—			1,403
Net cash used in discontinued operations		—			—			(2	)		—			(2	)
Net cash provided from (used in) operations		913			766			(278	)		—			1,401
Investing activities:
Additions to property, plant and mine development		—			(671	)		(349	)		—			(1,020	)
Sale of marketable securities		—			55			—			—			55
Purchases of marketable securities		—			—			(15	)		—			(15	)
Acquisitions, net		—			—			(2,291	)		—			(2,291	)
Proceeds from sale of other assets		—			(56	)		62			—			6
Other		—			—			(15	)		—			(15	)
Net cash used in investing activities		—			(672	)		(2,608	)		—			(3,280	)
Financing activities:
Net borrowings (repayments)		83			(276	)		(5	)		—			(198	)
Net intercompany borrowings (repayments)		(831	)		(2,018	)		2,849			—			—
Dividends paid to common stockholders		(173	)		—			—			—			(173	)
Dividends paid to noncontrolling interests		—			(17	)		—			—			(17	)
Proceeds from stock issuance, net		8			—			—			—			8
Other		—			1			(1	)		—			—
Net cash provided from (used in) financing activities		(913	)		(2,310	)		2,843			—			(380	)
Effect of exchange rate changes on cash		—			1			57			—			58
Net change in cash and cash equivalents		—			(2,215	)		14			—			(2,201	)
Cash and cash equivalents at beginning of period		—			3,877			179			—			4,056
Cash and cash equivalents at end of period	$	—		$	1,662		$	193		$	—		$	1,855

35

NEWMONT MINING CORPORATION

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

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

	At June 30, 2012
Condensed Consolidating Balance Sheet	Newmont Mining Corporation		Newmont USA			Other Subsidiaries			Eliminations			Newmont Mining Corporation Consolidated
Assets
Cash and cash equivalents	$	—	$	1,590		$	307		$	—		$	1,897
Trade receivables		—		183			107			—			290
Accounts receivable		2,083		2,871			293			(4,888	)		359
Investments		67		48			17			—			132
Inventories		—		400			403			—			803
Stockpiles and ore on leach pads		—		669			129			—			798
Deferred income tax assets		5		250			—			—			255
Other current assets		9		147			582			—			738
Current assets		2,164		6,158			1,838			(4,888	)		5,272
Property, plant and mine development, net		—		7,674			9,293			(31	)		16,936
Investments		—		72			1,113			—			1,185
Investments in subsidiaries		15,184		2			2,967			(18,153	)		—
Stockpiles and ore on leach pads		—		1,882			697			—			2,579
Deferred income tax assets		800		833			53			—			1,686
Other long-term assets		3,791		752			899			(4,440	)		1,002
Total assets	$	21,939	$	17,373		$	16,860		$	(27,512	)	$	28,660
Liabilities
Debt	$	—	$	30		$	10		$	—		$	40
Accounts payable		2,649		1,390			1,321			(4,786	)		574
Employee-related benefits		—		206			87			—			293
Income and mining taxes		—		53			120			—			173
Other current liabilities		78		539			2,735			(2,065	)		1,287
Current liabilities		2,727		2,218			4,273			(6,851	)		2,367
Debt		6,047		1			40			—			6,088
Reclamation and remediation liabilities		—		908			362			—			1,270
Deferred income tax liabilities		—		601			1,455			—			2,056
Employee-related benefits		5		370			112			—			487
Other long-term liabilities		527		50			4,297			(4,471	)		403
Total liabilities		9,306		4,148			10,539			(11,322	)		12,671
Equity
Preferred stock		—		—			61			(61	)		—
Common stock		786		—			5			(5	)		786
Additional paid-in capital		8,012		3,050			5,698			(8,469	)		8,291
Accumulated other comprehensive income		361		(216	)		905			(689	)		361
Retained earnings		3,474		6,776			(1,603	)		(5,173	)		3,474
Newmont stockholders’ equity		12,633		9,610			5,066			(14,397	)		12,912
Noncontrolling interests		—		3,615			1,255			(1,793	)		3,077
Total equity		12,633		13,225			6,321			(16,190	)		15,989
Total liabilities and equity	$	21,939	$	17,373		$	16,860		$	(27,512	)	$	28,660

36

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
Condensed Consolidating Balance Sheet	Newmont Mining Corporation		Newmont USA			Other Subsidiaries			Eliminations			Newmont Mining Corporation 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

37

NEWMONT MINING CORPORATION

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

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

NOTE 26 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 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 26 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 June 30, 2012 and December 31, 2011, $1,145 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 $45 and $47 at June 30, 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, $191 and $170 were accrued for such obligations at June 30, 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 108% greater or 7% lower than the amount accrued at June 30, 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 Mining Corporation

Conjecture Mine Site. On April 24, 2012, Federal Resources Corporation served Newmont with a third party complaint seeking contribution for reclamation costs at the Conjecture Mine site in Bonner County, Idaho. The United States Department of Justice on behalf of the EPA (“U.S.”) brought a CERCLA action against Federal Resources Corporation for costs incurred in response to alleged releases or threatened releases of hazardous substances at the Conjecture Mine, Idaho Lakeview and Minnie More Mine sites. The U.S. has expended approximately $5 in total costs for the completion of reclamation at the Conjecture Mine. Federal Resources Corporation alleges that Newmont is the successor-in-interest to Duval Corporation (“Duval”), and that Duval is a former operator of the Conjecture Mine. Newmont denies that it is a successor-in-interest to the liabilities of Duval and further Newmont has not uncovered any evidence to substantiate that Duval operated the Conjecture Mine. Therefore, Newmont intends to vigorously defend this lawsuit. Newmont cannot reasonably predict the likelihood or outcome of this matter.

38

NEWMONT MINING CORPORATION

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

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

Empire Mine. On July 19, 2012, the California Department of Parks and Recreation (“Parks”) served Newmont, New Verde Mines LLC, Newmont North America Exploration Limited, Newmont Realty Company and Newmont USA Limited with a complaint for damages and declaratory relief under CERCLA, specifically for costs associated with water treatment at the Empire Mine State Park and for a declaration that Newmont is liable for past and future response costs, as well as indemnification to Parks. In 1975 Parks purchased the Empire Mine site in Grass Valley, California from Newmont to create a historic state park featuring the mining of the Empire Mine. Parks has operated the Empire Mine Site for over 35 years. Newmont intends to vigorously defend this lawsuit. Newmont cannot reasonably predict the outcome of this matter.

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 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.

39

NEWMONT MINING CORPORATION

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

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

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 23 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. All appeals have been referred to the Civil Court of Cajamarca, which has confirmed the decision of the lower court judge. The plaintiffs have filed appeals of such orders before the Supreme Court. 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.

40

NEWMONT MINING CORPORATION

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

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

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 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.

Newmont Mining Corporation claim relating to PTNNT divestiture

Indonesian citizens apparently living in the province of Nusa Tenggara Barat filed a lawsuit 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 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 appealed the case to the Indonesian Supreme Court.

41

NEWMONT MINING CORPORATION

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

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

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.

42

NEWMONT MINING CORPORATION

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

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

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 $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 June 30, 2012 and December 31, 2011, there were $1,661 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.

43

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 62. 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 50% 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. Second quarter 2012 highlights are included below and discussed further in Results of Consolidated Operations.

Operating highlights

• Average realized gold price of $1,598 and $1,643 per ounce for the second quarter and first half of 2012, up 6% and 14% respectively;

• Average realized copper price of $2.85 and $3.49 per pound for the second quarter and first half of 2012, down 25% and 11% respectively;

• Consolidated Sales of $2,229 and $4,912 for the second quarter and first half of 2012, down 7% and up 1% respectively;

• Gold Costs applicable to sales of $681 and $649 per ounce, for the second quarter and first half of 2012, up 17% and 14% respectively;

• Copper Costs applicable to sales of $2.35 and $2.14 per pound, for the second quarter and first half of 2012, up 75% and 77% respectively;

• Cash flow from continuing operations of $964 for the first half of 2012, down 31% from the prior year;

• Third quarter gold price-linked dividend payable of $0.35 per share, an increase of 17% over the prior year quarter, reflecting London PM Fix; and

• 2012 attributable gold production outlook narrowed to 5.0 to 5.1 million ounces; maintaining Company-wide Costs applicable to sales outlook of $625 to $675 per ounce and reducing outlook for capital expenditures to $3,300 to $3,600.

44

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 Phoenix Copper Leach and Emigrant in Nevada, as described further below.

Akyem, Ghana. Construction activities at the Akyem project continue to progress according to plan. First production is expected in late 2013 with three to six months expected for ramp-up to commercial production. Gold production is expected to be 350,000 to 450,000 ounces per year at Costs applicable to sales of $500 to $650 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 $496 have been incurred. Total property, plant and mine development, including acquisition costs, was $744 at June 30, 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. The results of the Peruvian Central Government initiated Environmental Impact Assessment (“EIA”) independent review were announced on April 20, 2012 and confirmed our initial EIA met Peruvian and International standards. The review made recommendations to provide additional water capacity and social funds, which we have largely accepted. We announced our decision to move the project forward on a “go slow, water first” approach in Peru on June 22, 2012. Spending on the project will be reduced in 2012 and 2013 from $2,900 to $850. Focus will be on building four water reservoirs, completing the last engineering activities and accepting delivery of the main equipment purchases. Total property, plant and mine development was $1,320 at June 30, 2012. Construction of Conga and the implementation of the independent EIA review recommendations will continue provided it can be done in a safe manner with risk-adjusted returns that justify future investment. Should the Company be unable to continue with the current development plan at Conga, the Company may reprioritize and reallocate capital to development alternatives in Nevada, Australia, Ghana and Indonesia which may result in a potential impairment of the 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 60,000 to 90,000 ounces of gold production per year during production while lowering Costs applicable to sales by $100 per ounce at Tanami in Other Australia/New Zealand. Capital costs are expected to be $400 to $450, of which $46 have been incurred at June 30, 2012.

Phoenix Copper Leach, Nevada. The Board of Directors authorized full funding for the Phoenix Copper Leach project in Nevada in April 2012. Delivering the Phoenix Copper Leach project on time and within budget generates positive economics and provides operational diversity to the site and the North America region. The project also demonstrates the viability of permitting copper leaching in Nevada, thus generating a springboard for future opportunities in the region. Copper production is expected to be 21 to 23 million pounds per year for the first five years of production at Costs applicable to sales of $1.76 to $1.91 per pound. Capital costs are expected to be $170 to $215, of which $45 have been incurred at June 30, 2012.

Emigrant, Nevada. Construction is nearing completion and first production is anticipated in the second half of 2012. Emigrant provides a new source of gold production for the North America region, over an 8.5 year mine life. Gold production is expected to be 80,000 to 90,000 ounces per year at Costs applicable to sales of $500 to $600 per ounce for the first five years of the mine’s operating life. Capital costs are estimated at approximately $100, of which $82 have been incurred at June 30, 2012. At December 31, 2011, we reported 1.6 million ounces of gold reserves at Emigrant.

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 to negotiate 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 gold production (assumes 100% basis) of 350,000 to 400,000 ounces per year. Refer to Item 2 in our 2011 10-K filing for further information.

45

Long Canyon, Nevada. We continue to 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 30 kilometers to be drilled in 2012. Our intention is to bring the project into production in 2017 with initial estimated gold production of 200,000 to 300,000 ounces per year for the first five years of the mine’s operating life.

Selected Financial and Operating Results

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Sales	$	2,229	$	2,384	$	4,912	$	4,849
Income from continuing operations	$	371	$	660	$	1,045	$	1,330
Net income	$	371	$	524	$	974	$	1,194
Net income attributable to Newmont stockholders	$	279	$	387	$	769	$	901
Per common share, basic:
Income from continuing operations attributable to Newmont stockholders	$	0.56	$	1.06	$	1.69	$	2.10
Net income attributable to Newmont stockholders	$	0.56	$	0.78	$	1.55	$	1.82
Adjusted net income (1)	$	294	$	445	$	872	$	958
Adjusted net income per share (1)	$	0.59	$	0.90	$	1.76	$	1.94
Consolidated gold ounces (thousands)
Produced (2)		1,362		1,393		2,841		2,904
Sold (3)		1,313		1,391		2,768		2,869
Consolidated copper pounds (millions)
Produced		60		71		117		169
Sold		46		79		104		184
Average price received, net:
Gold (per ounce)	$	1,598	$	1,501	$	1,643	$	1,440
Copper (per pound)	$	2.85	$	3.78	$	3.49	$	3.91
Consolidated costs applicable to sales:(4)
Gold (per ounce)	$	681	$	583	$	649	$	570
Copper (per pound)	$	2.35	$	1.34	$	2.14	$	1.21
Attributable costs applicable to sales:(1)
Gold (per ounce)	$	711	$	588	$	672	$	575
Copper (per pound)	$	2.40	$	1.41	$	2.17	$	1.32
Operating margin:(1)
Gold (per ounce)	$	917	$	918	$	994	$	870
Copper (per pound)	$	0.50	$	2.44	$	1.35	$	2.70

⁽¹⁾  See “Non-GAAP Financial Measures” on page 62.

⁽²⁾  Includes 13 and 18 attributable ounces in the second quarter of 2012 and 2011, respectively, from our interest in La Zanja and 5 and 4 attributable ounces in the second quarter of 2012 and 2011, respectively, from our interest in Duketon. Includes 26 and 30 attributable ounces in the first half of 2012 and 2011, respectively, from our interest in La Zanja and 9 and 8 attributable ounces in the first half of 2012 and 2011, respectively, from our interest in Duketon.

⁽³⁾  Excludes development ounces.

⁽⁴⁾  Excludes Amortization and Reclamation and remediation.

46

Consolidated Financial Results

Net income attributable to Newmont stockholders for the second quarter of 2012 was $279 ($0.56 per share) compared to $387 ($0.78 per share) for the second quarter of 2011. Net income attributable to Newmont stockholders for the first half of 2012 was $769 ($1.55 per share) compared to $901 ($1.82 per share) for the first half of 2011. Results for the second quarter and first half of 2012, respectively, compared to the same periods in 2011 were impacted by lower production from Batu Hijau, Tanami, Waihi and Ahafo, lower copper prices, timing of metal sales and higher production costs, partially offset by higher gold prices, higher production from Nevada, La Herradura and Yanacocha and a $136 Loss from discontinued operations in 2011.

Gold Sales increased 1% and 10% in the second quarter and first half of 2012, respectively, compared to the same periods in 2011 due to higher realized gold prices, partially offset by lower sales volumes. The following analysis summarizes the change in consolidated gold sales:

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Consolidated gold sales:
Gross before provisional pricing	$	2,111		$	2,089		$	4,570		$	4,139
Provisional pricing mark-to-market		(2	)		10			4			18
Gross after provisional pricing		2,109			2,099			4,574			4,157
Treatment and refining charges		(10	)		(11	)		(25	)		(26	)
Net	$	2,099		$	2,088		$	4,549		$	4,131
Consolidated gold ounces sold (thousands):		1,313			1,391			2,768			2,869
Average realized gold price (per ounce):
Gross before provisional pricing	$	1,607		$	1,502		$	1,651		$	1,443
Provisional pricing mark-to-market		(2	)		7			1			6
Gross after provisional pricing		1,605			1,509			1,652			1,449
Treatment and refining charges		(7	)		(8	)		(9	)		(9	)
Net	$	1,598		$	1,501		$	1,643		$	1,440

The change in consolidated gold sales is due to:

	Three Months Ended			Six Months Ended
	June 30,			June 30,
	2012 vs. 2011			2012 vs. 2011
Change in consolidated ounces sold	$	(117	)	$	(145	)
Change in average realized gold price		127			562
Change in treatment and refining charges		1			1
	$	11		$	418

47

Copper Sales decreased 56% and 49% in the second quarter and first half of 2012, respectively, compared to the same periods in 2011 due to lower sales volumes and lower realized copper prices. The following analysis summarizes the change in consolidated copper sales:

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Consolidated copper sales:
Gross before provisional pricing	$	160		$	330		$	379		$	791
Provisional pricing mark-to-market		(18	)		(16	)		13			(28	)
Gross after provisional pricing		142			314			392			763
Treatment and refining charges		(12	)		(18	)		(29	)		(45	)
Net	$	130		$	296		$	363		$	718
Consolidated copper pounds sold (millions):		46			79			104			184
Average realized copper price (per pound):
Gross before provisional pricing	$	3.52		$	4.22		$	3.65		$	4.31
Provisional pricing mark-to-market		(0.40	)		(0.21	)		0.12			(0.16	)
Gross after provisional pricing		3.12			4.01			3.77			4.15
Treatment and refining charges		(0.27	)		(0.23	)		(0.28	)		(0.24	)
Net	$	2.85		$	3.78		$	3.49		$	3.91

The change in consolidated copper sales is due to:

	Three Months Ended June  30,			Six Months Ended June  30,
	2012 vs. 2011			2012 vs. 2011
Change in consolidated pounds sold	$	(129	)	$	(327	)
Change in average realized copper price		(43	)		(44	)
Change in treatment and refining charges		6			16
	$	(166	)	$	(355	)

48

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Gold
North America:
Nevada	$	571	$	529	$	1,294	$	1,111
La Herradura		93		81		186		146
		664		610		1,480		1,257
South America:
Yanacocha		614		524		1,208		886
Asia Pacific:
Boddington		264		269		562		501
Batu Hijau		18		92		52		232
Other Australia/New Zealand		331		375		758		790
		613		736		1,372		1,523
Africa:
Ahafo		208		218		489		465
		2,099		2,088		4,549		4,131
Copper
Asia Pacific:
Batu Hijau		88		242		260		611
Boddington		42		54		103		107
		130		296		363		718
	$	2,229	$	2,384	$	4,912	$	4,849

Costs applicable to sales for gold increased in the second quarter and first half of 2012 compared to the same periods in 2011 due to higher milling costs and diesel prices, lower silver by-product credits, a stronger Australian dollar, net of hedging and a higher co-product allocation of costs to gold, partially offset by a build-up of precious metals inventory at Nevada and Yanacocha and a build-up of concentrate inventory at Boddington and Batu Hijau. Costs applicable to sales for copper increased in the second quarter of 2012 compared to the same period in 2011 due to higher milling costs at Boddington, partially offset by lower co-product allocation of costs to copper and a build-up of concentrate inventory at Boddington and Batu Hijau. Costs applicable to sales for copper in the first half of 2012 was in line with the same period of 2011. For a complete discussion regarding variations in operations, see Results of Consolidated Operations below.

Amortization decreased in the second quarter and first half of 2012 compared to the same periods of 2011 due to a build-up of precious metals inventory at Nevada and Yanacocha, a build-up of concentrate inventory at Boddington and Batu Hijau and longer processing facility lives resulting from an increase in Nevada reserves at December 31, 2011. We continue to expect Amortization to be $1,050 to $1,080 in 2012.

49

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

	Costs Applicable to Sales				Amortization				Costs Applicable to Sales				Amortization
	Three Months Ended June 30,				Three Months Ended June 30,				Six Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011		2012		2011		2012		2011
Gold
North America:
Nevada	$	258	$	224	$	47	$	56	$	525	$	496	$	100	$	128
La Herradura		33		27		6		5		65		45		11		9
		291		251		53		61		590		541		111		137
South America:
Yanacocha		177		190		62		66		338		343		112		119
Asia Pacific:
Boddington		157		117		49		31		294		217		81		59
Batu Hijau		11		30		3		7		30		64		6		14
Other Australia/New Zealand		182		158		33		31		372		324		69		66
		350		305		85		69		696		605		156		139
Africa:
Ahafo		76		65		16		20		172		145		40		42
		894		811		216		216		1,796		1,634		419		437
Copper
Asia Pacific:
Batu Hijau		70		79		14		18		155		168		30		38
Boddington		38		27		12		7		68		55		18		14
		108		106		26		25		223		223		48		52
Other
Asia Pacific		—		—		2		—		—		—		3		1
Corporate and other		—		—		4		9		—		—		9		16
		—		—		6		9		—		—		12		17
	$	1,002	$	917	$	248	$	250	$	2,019	$	1,857	$	479	$	506

Exploration expense increased $17 and $43 in the second quarter and first half of 2012, respectively, compared to the same periods of 2011 due to additional expenditures in South America, Asia Pacific and Africa, partially offset by reduced expenditures at Hope Bay in North America. We lowered our expected Exploration expense to $360 to $390 in 2012.

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Advanced projects, research and development expense in the second quarter and first half of 2012 and 2011 are summarized as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
North America
Nevada	$	13	$	7	$	19	$	10
Other North America		—		41		—		79
South America
Yanacocha		7		5		13		9
Conga		10		5		36		6
Other South America		11		1		26		1
Asia Pacific
Boddington		1		1		3		1
Batu Hijau		4		—		10		—
Other Australia/New Zealand		5		—		7		3
Africa
Ahafo		2		1		6		2
Akyem		2		1		4		1
Other Africa		—		—		1		—
Corporate and Other
Technical and project services		26		21		53		38
Corporate		1		3		6		4
	$	82	$	86	$	184	$	154

We lowered our expected Advanced projects, research and development expenses to $425 to $475 in 2012, with a primary focus on Merian in South America, Midas and Long Canyon in Nevada, Chaquicocha underground at Yanacocha, Elang in Indonesia and Ahafo mill expansion in Africa.

General and administrative expenses increased by $7 and $16 for the second quarter and first half of 2012, respectively, compared to the same periods of 2011 due to higher labor costs. We lowered our expected General and administrative expenses to $200 to $220 in 2012.

Other expense, net increased by $39 in the second quarter of 2012 compared to the second quarter of 2011 mainly due to Hope Bay care and maintenance costs and higher regional administration expense, partially offset by lower acquisition related costs in 2012. Other expense, net increased by $86 in the first half of 2012 compared to the first half of 2011 due to Hope Bay care and maintenance, higher regional administration expense, partially offset by the Indonesian value added tax settlement in 2011 and lower acquisition related costs. At Hope Bay, we expect to spend an additional $50 in the remainder of 2012 for care and maintenance, and approximately $25 per year thereafter.

Other income, net decreased by $12 in the second quarter of 2012 compared to the second quarter of 2011 due to lower gain on sale of investments and higher impairment losses of marketable securities, partially offset by income from developing projects and foreign currency exchange gains in 2012, compared to losses in 2011. Other income, net decreased by $10 in the first half of 2012 compared to the first half of 2011 due to lower gain on sale of investments and higher impairment losses of marketable securities, partially offset by reduction of allowance for loan receivable and lower foreign exchange losses.

Interest expense, net increased by $8 in the second quarter of 2012 compared to 2011 due to the issuance of the 2022 and 2042 Senior Notes during the first quarter, partially offset by the repayment of the 2012 Convertible Senior Notes. Interest expense, net decreased $5 for the first half of 2012 compared to 2011 due to higher capitalized interest and the repayment of the 2012 Convertible Senior Notes, partially offset by the issuance of the 2022 and 2042 Senior Notes. Capitalized interest increased by $15 and $32 in the second quarter and first half of 2012, respectively, compared to the same periods in 2011 due to increased capital expenditures. We continue to expect Interest expense, net to be $240 to $260 in 2012.

Income and mining tax expense during the second quarter of 2012 was $175 resulting in an effective tax rate of 32%. Income and mining tax expense during the second quarter of 2011 was $187 for an effective tax rate of 22%.

51

Income and mining tax expense during the first half of 2012 was $518 resulting in an effective tax rate of 33%. Income and mining tax expense during the first half of 2011 was $492 for an effective tax rate of 27%. The increase in the effective tax rate from 2011 to 2012 is a result of the following: (i) valuation allowances recorded on our Canadian deferred tax assets generated in 2012 due to care and maintenance expenditures at Hope Bay, (ii) an increase in mining taxes included in Income and mining tax expense, primarily related to Nevada and Peru, and (iii) a $65 non-recurring tax benefit in the second quarter and first half of 2011, recorded in connection with the conversion of non-U.S. tax-paying entities to entities currently subject to U.S. income tax. The effective tax rates are different from the United States statutory rate of 35% primarily due to the above mentioned valuation allowance, the increase in Nevada and Peru mining taxes, the tax benefit recorded in 2011 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 consolidated tax rate to be approximately 30% to 32%, assuming an average realized gold price of $1,650 per ounce in the remainder of the year.

Net income attributable to noncontrolling interests decreased to $92 in the second quarter of 2012 compared to $137 in the second quarter of 2011 as a result of decreased earnings at Batu Hijau, partially offset by increased earnings at Yanacocha. Net income attributable to noncontrolling interests decreased to $205 in the first half of 2012 compared to $293 in the first half 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 half 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 a higher 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.

52

Results of Consolidated Operations

	Gold or Copper Produced				Costs Applicable to Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
Three Months Ended June 30,	(ounces in thousands)				($ per ounce)				($ per ounce)
Gold
North America		437		410	$	697	$	620	$	125	$	151
South America		390		342		466		545		162		187
Asia Pacific		403		495		911		620		224		141
Africa		132		146		583		446		124		138
Total/Weighted-Average		1,362		1,393	$	681	$	583	$	164	$	155
Attributable to Newmont(2)(3)		1,182		1,223	$	711	$	588
Net Attributable to Newmont(3)					$	700	$	499
	(pounds in millions)				($ per pound)				($ per pound)
Copper
Asia Pacific		60		71	$	2.35	$	1.34	$	0.56	$	0.33
Attributable to Newmont(3)		38		42	$	2.40	$	1.41

	Gold or Copper Produced				Costs Applicable to Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
Six Months Ended June 30,	(ounces in thousands)				($ per ounce)				($ per ounce)
Gold
North America		926		892	$	652	$	619	$	121	$	157
South America		756		630		462		561		153		194
Asia Pacific		852		1,050		837		570		188		131
Africa		307		332		575		449		135		129
Total/Weighted-Average		2,841		2,904	$	649	$	570	$	151	$	152
Attributable to Newmont(3)(4)		2,489		2,561	$	672	$	575
Net Attributable to Newmont(3)					$	636	$	467
	(pounds in millions)				($ per pound)				($ per pound)
Copper
Asia Pacific		117		169	$	2.14	$	1.21	$	0.46	$	0.28
Attributable to Newmont(3)		73		96	$	2.17	$	1.32

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

⁽²⁾  Includes 13 and 18 attributable ounces in 2012 and 2011, respectively, from our interest in La Zanja and 5 and 4 attributable ounces in 2012 and 2011, respectively, from our interest in Duketon.

⁽³⁾  Attributable and Net Attributable Costs applicable to sales are non-GAAP financial measures. See page 62 for a reconciliation.

⁽⁴⁾  Includes 26 and 30 attributable ounces in 2012 and 2011, respectively, from our interest in La Zanja and 9 and 8 attributable ounces in 2012 and 2011, respectively, from our interest in Duketon.

Second quarter 2012 compared to 2011

Consolidated gold production decreased 2% due to processing lower grade stockpiles at Batu Hijau, lower throughput at Tanami and Waihi in Other Australia/New Zealand and lower mill grade at Ahafo, partially offset by higher throughput at Nevada and higher mill production at Yanacocha. Consolidated copper production decreased 15% due to processing lower grade stockpiles at Batu Hijau.

Costs applicable to sales per consolidated gold ounce sold increased 17% due to lower production, higher mining, milling, labor and royalty costs and a higher co-product allocation of costs to gold. Costs applicable to sales per consolidated copper pound sold increased 75% due to lower production at Batu Hijau, partially offset by lower co-product allocation of costs to copper.

53

Amortization increased 6% per consolidated gold ounce sold and 70% per consolidated copper pound sold due to lower production.

First half 2012 compared to 2011

Consolidated gold production decreased 2% due to processing lower grade stockpiles at Batu Hijau, lower throughput at Waihi and Tanami in Other Australia/New Zealand and lower grade at Ahafo, partially offset by higher throughput and grade at Nevada, higher throughput, grade and recovery at Yanacocha and higher leach placement at La Herradura. Consolidated copper production decreased 31% due to processing lower grade stockpiles at Batu Hijau.

Costs applicable to sales per consolidated gold ounce sold increased 14% due to lower production from Batu Hijau and Other Australia/New Zealand, higher mining, milling, labor and royalty costs, lower silver by-product credits and higher diesel prices, partially offset by higher production and lower mining costs at Yanacocha. Costs applicable to sales per consolidated copper pound sold increased 77% due to lower production at Batu Hijau.

Amortization per consolidated gold ounce sold was in line with the prior year, while Amortization increased 64% per consolidated copper pound sold due to higher costs at Boddington and Batu Hijau.

We narrowed our 2012 attributable gold production outlook to 5.0 to 5.1 million ounces while maintaining consolidated Costs applicable to sales per ounce of $625 to $675. The lower attributable gold production outlook is due to lower tons mined at Tanami and Waihi in Asia Pacific. We lowered our copper production outlook to 145 to 165 million pounds attributable to Newmont while maintaining consolidated Costs applicable to sales per pound of $1.80 to $2.20 in 2012.

North America Operations

	Gold Ounces Produced				Costs Applicable to  Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
Three Months Ended June 30,	(in thousands)				($ per ounce)				($ per ounce)
Nevada		378		357	$	718	$	636	$	129	$	159
La Herradura(2)		59		53		569		514		99		98
Total/Weighted-Average		437		410	$	697	$	620	$	125	$	151
Attributable to Newmont		437		410	$	697	$	620

	Gold Ounces Produced				Costs Applicable to  Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
Six Months Ended June 30,	(in thousands)				($ per ounce)				($ per ounce)
Nevada		813		790	$	663	$	640	$	125	$	165
La Herradura(2)		113		102		574		456		97		95
Total/Weighted-Average		926		892	$	652	$	619	$	121	$	157
Attributable to Newmont		926		892	$	652	$	619

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

⁽²⁾  Our proportionate 44% share.

Second quarter 2012 compared to 2011

Nevada, USA. Gold production increased 6% due to higher throughput at Mill 6, partially offset by lower grade at Midas and Phoenix. Costs applicable to sales per ounce increased 13% due to higher underground mining costs at Exodus and Chukar, higher royalties and lower by-product credits. Amortization per ounce decreased 19% due to higher production and an increase in reserves at December 31, 2011 resulting in longer processing facility lives.

La Herradura, Mexico. Gold production increased 11% due to higher leach placement as Noche Buena commenced production during the first quarter of 2012. Costs applicable to sales per ounce increased 11% due to mining higher waste tons, higher diesel and higher employee profit sharing costs.

First half 2012 compared to 2011

Nevada, USA. Gold production increased 3% due to higher throughput and leach tons placed, partially offset by lower grade at Midas and Phoenix. Costs applicable to sales per ounce increased 4% due to higher underground mining costs, higher milling costs, higher royalties and lower by-product credits. Amortization per ounce decreased 24% due to higher production and an increase in reserves at December 31, 2011 resulting in longer processing facility lives.

54

NEWMONT MINING CORPORATION

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

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

La Herradura, Mexico. Gold production increased 11% due to higher ore tons mined and higher leach placement as Noche Buena commenced production. Costs applicable to sales per ounce increased 26% due to mining higher waste tons, higher diesel and higher employee profit sharing costs.

We narrowed our gold production outlook in North America to 1.9 to 2.0 million ounces at Costs applicable to sales per ounce of $570 to $630 in 2012.

South America Operations

	Gold Ounces Produced				Costs Applicable to Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
Three Months Ended June 30,	(in thousands)				($ per ounce)				($ per ounce)
Yanacocha		390		342	$	466	$	545	$	162	$	187
Attributable to Newmont:
Yanacocha (51.35%)		200		175	$	486	$	563
La Zanja (46.94%)		13		18		N/A		N/A
		213		193	$	486	$	563
	Gold Ounces Produced				Costs Applicable to Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
Six Months Ended June 30,	(in thousands)				($ per ounce)				($ per ounce)
Yanacocha		756		630	$	462	$	561	$	153	$	194
Attributable to Newmont:
Yanacocha (51.35%)		388		323	$	482	$	579
La Zanja (46.94%)		26		30		N/A		N/A
		414		353	$	482	$	579

⁽¹⁾  Excludes Amortization and Reclamation and remediation.

Second quarter 2012 compared to 2011

Yanacocha, Peru. Gold production increased 14% due to higher mill grade and recovery, partially offset by lower leach placement at Yanacocha, Carachugo and La Quinua. Costs applicable to sales per ounce decreased 14% due to higher production and lower mining costs, partially offset by higher workers’ participation costs and lower by-product credits. Amortization per ounce decreased 13% due to higher production.

First half 2012 compared to 2011

Yanacocha, Peru. Gold production increased 20% due to higher mill throughput, grade and recovery, partially offset by lower leach placement at Yanacocha, Carachugo and La Quinua. Costs applicable to sales per ounce decreased 18% due to higher production and lower mining costs, partially offset by higher workers’ participation costs and royalties and lower by-product credits. Amortization per ounce decreased 21% due to higher production and increases to leach pad inventory.

We narrowed our attributable gold production outlook in South America to 725,000 to 760,000 ounces while lowering consolidated Costs applicable to sales per ounce of $475 to $525 in 2012.

55

Asia Pacific Operations

	Gold or Copper Produced				Costs Applicable to Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
Three Months Ended June 30,	(ounces in thousands)				($ per ounce)				($ per ounce)
Gold
Boddington		180		201	$	947	$	641	$	300	$	173
Batu Hijau		16		50		943		490		197		113
Other Australia/New Zealand		207		244		880		638		164		124
Total/Weighted-Average		403		495	$	911	$	620	$	224	$	141
Attributable to Newmont(2)		400		474	$	910	$	629
	(pounds in millions)				($ per pound)				($ per pound)
Copper
Boddington		18		15	$	2.79	$	1.94	$	0.82	$	0.52
Batu Hijau		42		56		2.20		1.23		0.45		0.28
Total/Weighted-Average		60		71	$	2.35	$	1.34	$	0.56	$	0.33
Attributable to Newmont		38		42	$	2.40	$	1.41
	Gold or Copper Produced				Costs Applicable to Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
Six Months Ended June 30,	(ounces in thousands)				($ per ounce)				($ per ounce)
Gold
Boddington		342		364	$	862	$	620	$	239	$	170
Batu Hijau		38		143		924		384		179		86
Other Australia/New Zealand		472		543		812		595		151		120
Total/Weighted-Average		852		1,050	$	837	$	570	$	188	$	131
Attributable to Newmont(2)		842		984	$	835	$	587
	(pounds in millions)				($ per pound)				($ per pound)
Copper
Boddington		32		28	$	2.34	$	2.06	$	0.60	$	0.53
Batu Hijau		85		141		2.08		1.07		0.40		0.24
Total/Weighted-Average		117		169	$	2.14	$	1.21	$	0.46	$	0.28
Attributable to Newmont		73		96	$	2.17	$	1.32

(1) Excludes Amortization and Reclamation and remediation.

(2) Includes 5 and 4 attributable ounces in the second quarter 2012 and 2011, respectively, and 9 and 8 attributable ounces in the first half of 2012 and 2011, respectively, from our interest in Duketon.

Second quarter 2012 compared to 2011

Boddington, Australia. Gold production decreased 10% due to lower mill grade and recovery, partially offset by higher mill throughput. Copper production increased 20% due to higher mill throughput and grade, partially offset by lower recovery. Gold Costs applicable to sales increased 48% per ounce due to lower gold production and higher milling costs. Copper Costs applicable to sales increased 44% per pound due to higher milling costs, partially offset by higher copper production. Costs applicable to sales per ounce and per pound were also impacted by a stronger Australian dollar, net of hedging gains. Amortization increased 73% per ounce due to lower gold production and a decrease in stockpile inventory. Amortization increased 58% per pound due to stockpile inventory changes.

Batu Hijau, Indonesia. Gold and copper production decreased 68% and 25%, respectively, due to processing lower grade stockpile ore. Waste tons mined increased 14% as Phase 6 waste removal continues as planned. Costs applicable to sales increased 92% per ounce and 79% per pound due to lower production and higher waste mining costs, partially offset by a build-up in concentrate inventory. Costs applicable to sales per ounce and per pound were also impacted by a higher allocation of costs to gold. Amortization increased 74% per ounce and 61% per pound due to lower production.

56

Other Australia/New Zealand. Gold production decreased 15% due to lower underground mining rates at Tanami and a delay in open pit ore production at Waihi, partially offset by higher throughput and grade at Jundee. Costs applicable to sales per ounce increased 38% due to lower production, higher operating costs driven by higher power prices and a stronger Australian dollar, net of hedging gains. Amortization per ounce increased 32% due to lower production.

First half 2012 compared to 2011

Boddington, Australia. Gold production decreased 6% due to lower mill grade and recovery, partially offset by higher mill throughput. Copper production increased 14% due to higher mill throughput, partially offset by lower recovery. Costs applicable to sales increased 39% per ounce and 14% per pound due to lower gold production, higher milling costs, higher diesel prices and a stronger Australian dollar, net of hedging gains, partially offset by higher copper production. Amortization increased 41% per ounce due to lower gold production and a decrease in stockpile inventory. Amortization increased 13% per pound due to stockpile inventory changes.

Batu Hijau, Indonesia. Gold and copper production decreased 73% and 40%, respectively, due to processing lower grade stockpile ore. Waste tons mined increased 20% as Phase 6 waste removal continues as planned. The Company expects to reach Phase 6 ore in the last half of 2013. Costs applicable to sales increased 141% per ounce and 94% per pound due to lower production and higher waste mining costs, partially offset by a build-up in concentrate inventory. Costs applicable to sales per ounce and per pound were impacted by higher allocation of costs to gold. Amortization increased 108% per ounce and 67% per pound due to lower production.

Other Australia/New Zealand. Gold production decreased 13% due to lower underground mining rates at Tanami, a planned mill shutdown and delay in open pit ore production at Waihi and lower throughput and grade at Kalgoorlie. Costs applicable to sales per ounce increased 36% due to lower production and higher operating costs driven by higher power costs and diesel prices and a stronger Australian dollar, net of hedging gains. Amortization per ounce increased 26% due to lower production.

We narrowed our attributable gold production outlook for Asia Pacific to 1.7 to 1.8 million ounces while maintaining a consolidated Costs applicable to sales per ounce of $800 to $850. The lower attributable gold production is primarily due to lower tons mined at Tanami and Waihi. We lowered our attributable copper production outlook to 145 to 165 million pounds while maintaining consolidated Costs applicable to sales per pound of $1.80 to $2.20 in 2012.

57

Africa Operations

	Gold Ounces Produced				Costs Applicable to  Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
Three Months Ended June 30,	(in thousands)				($ per ounce)				($ per ounce)
Ahafo		132		146	$	583	$	446	$	124	$	138
Attributable to Newmont		132		146	$	583	$	446
	Gold Ounces Produced				Costs Applicable to  Sales(1)				Amortization
	2012		2011		2012		2011		2012		2011
Six Months Ended June 30,	(in thousands)				($ per ounce)				($ per ounce)
Ahafo		307		332	$	575	$	449	$	135	$	129
Attributable to Newmont		307		332	$	575	$	449

⁽¹⁾ Excludes Amortization and Reclamation and remediation.

Second quarter 2012 compared to 2011

Ahafo, Ghana. Gold production decreased 10% due to lower mill throughput and grade, partially offset by higher recovery. Costs applicable to sales per ounce increased 31% due to lower production and higher labor, diesel and mine maintenance costs.

First half 2012 compared to 2011

Ahafo, Ghana. Gold production decreased 8% due to lower mill throughput and grade, partially offset by higher recovery. Costs applicable to sales per ounce increased 28% due to lower production and higher labor, diesel and mine maintenance costs.

We narrowed our attributable gold production outlook in Africa to 555,000 to 570,000 ounces at Costs applicable to sales per ounce of $550 and $600 in 2012. The lower attributable production is due to processing lower grade at Ahafo.

Foreign Currency Exchange Rates

Our foreign operations sell their gold and copper production based on U.S. dollar metal prices. Approximately 44% and 43% of our Costs applicable to sales were paid in local currencies during the second quarter of 2012 and 2011, respectively. Approximately 44% and 42% of our Costs applicable to sales were paid in local currencies during the first half of 2012 and 2011, respectively. Variations in the local currency exchange rates in relation to the U.S. dollar at our foreign mining operations decreased consolidated Costs applicable to sales per ounce by approximately $11 and $2, net of hedging gains, during the second quarter and first half of 2012, respectively, compared to the same periods in 2011.

Liquidity and Capital Resources

Cash Provided from Operating Activities

Net cash provided from continuing operations was $964 in the first half of 2012, a decrease of $439 from the first half of 2011, primarily due to lower cash flow from Batu Hijau. Working capital increased by $228 in the first half of 2012 compared to the first half of 2011 due to increases in inventory and stockpiles in 2012, a decrease in accounts receivable in 2011 related to the collection of Batu Hijau fourth quarter 2010 copper and gold concentrate sales and an increase in Costs applicable to sales in 2012 as discussed above in Consolidated Financial Results, partially offset by a decrease in income tax payments.

58

Investing Activities

Net cash used in investing activities decreased to $1,714 during the first half of 2012 compared to $3,280 during the same period of 2011, due largely to the acquisition of Fronteer in 2011. Additions to property, plant and mine development were as follows:

	Six Months Ended June 30,
	2012		2011
North America:
Nevada	$	370	$	228
La Herradura		29		27
Other North America		—		41
		399		296
South America:
Yanacocha		243		127
Conga		342		251
		585		378
Asia Pacific:
Boddington		52		75
Batu Hijau		61		88
Other Australia/New Zealand		137		134
Other Asia Pacific		8		4
		258		301
Africa:
Ahafo		108		37
Akyem		189		67
		297		104
Corporate and Other		37		18
Accrual basis		1,576		1,097
Decrease (increase) in accrued capital expenditures		2		(77	)
Cash basis	$	1,578	$	1,020

Capital expenditures in North America during the first half of 2012 were primarily related to development of the Emigrant mine and the Phoenix copper leach projects, surface mine development, the Noche Buena mine in Mexico and other equipment purchases, infrastructure improvements and a strategic land purchase in Nevada. Capital expenditures in South America were primarily related to the Conga and Merian projects 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. As a result of the revised estimates for the Conga project in Peru we now expect 2012 consolidated capital expenditures to be $3,300 to $3,600 ($2,700 to $3,000 attributable to Newmont).

Capital expenditures in North America during the first half of 2011 were primarily related to development at the Turf/Leeville, Midas, Exodus and Pete Bajo 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 and leach pad and surface mine development at Yanacocha. The majority of capital expenditures in Asia Pacific were for surface and underground development, equipment, tailings facility construction and infrastructure improvements. Capital expenditures in Africa were primarily related to Akyem and the Subika expansion project at Ahafo.

Proceeds from sale of marketable securities. During the first half of 2012 we received $106 from the sale of corporate marketable debt securities. During the first half of 2011, we received $55 from the sale of our investment in New Gold, Inc.

Purchases of marketable securities. During the first half of 2012 we purchased corporate marketable debt securities of $196. During the first half of 2011, we purchased marketable equity securities of $15.

59

Acquisitions, net. During the first half of 2012 and 2011, we paid $22 and $13, respectively, of contingent payments in accordance with the 2009 Boddington acquisition agreement.

On April 6, 2011, Newmont acquired all of the outstanding common shares of Fronteer Gold Inc. (“Fronteer”) for total consideration of $2,259 less cash received from the acquisition of $2 for a net payment of $2,257. In connection with the acquisition, Newmont incurred transaction costs of $21 during first half of 2011, which were recorded in Other Expense, net.

Proceeds from sale of other assets. During the first half of 2012, we received $13 from the sale of land and other assets. During the first half of 2011 we received $6 primarily from the sale of investments.

Financing Activities

Net cash provided from (used in) financing activities was $894 and $(380) during the first half of 2012 and 2011, respectively.

Proceeds from and repayment of debt. During the first half of 2012, we received net proceeds from debt of $3,343, 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 $135 related to exercising the early purchase option and revised quarterly payments related to the sale-leaseback of the refractory ore treatment plant in Nevada (classified as a capital lease).

At June 30, 2012, $532 of the $3,000 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 half of 2011, we borrowed $803 under our Revolving Credit Facility and paid debt issuance costs of $28. We repaid $973 of debt, including repayment of $713 under our Revolving Credit Facility and scheduled debt repayments of $223 for our 8 5/8 Senior Notes, $30 related to the sale-leaseback of the refractory ore treatment plant and $7 on other credit facilities and capital leases.

Scheduled minimum debt repayments are $35 for the remainder of 2012, $10 in 2013, $533 in 2014, $10 in 2015, $10 in 2016 and $5,530 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 June 30, 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 in cash 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 $0.70 and $0.35 per common share for the six months ended June 30, 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$0.6959 per share through June 30, 2012 and C$0.3403 through June 30, 2011. We paid dividends of $347 and $173 to common stockholders in the first half of 2012 and 2011, respectively.

Dividends paid to noncontrolling interests. We paid dividends of $3 and $17 to noncontrolling interests during the first half of 2012 and 2011, respectively. The payments in 2011 included $15 of Indonesian withholding taxes related to dividends paid to noncontrolling interests in December 2010.

Proceeds from stock issuance. We received proceeds of $15 and $8 during the first half of 2012 and 2011, respectively, from the issuance of common stock.

Discontinued Operations

Net operating cash used in discontinued operations was $8 and $2 in the first half of 2012 and 2011, respectively, related to payments on the Holt property royalty.

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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 $1,661 of outstanding letters of credit, surety bonds and bank guarantees (see Note 26 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		369		372		510		—		—		—
Boddington		121		226		193		154		154		253
Nevada		75		—		—		—		—		—
		565		598		703		154		154		253

Other Liquidity Matters

At June 30, 2012, the Company had $1,897 in cash and cash equivalents, of which $1,365 was held in foreign subsidiaries and is primarily held in U.S. dollar denominated accounts with the remainder in foreign currencies readily convertible to U.S. dollars. At June 30, 2012, $511 of the consolidated cash and cash equivalents was attributable to noncontrolling interests primarily related to our Indonesian and Peruvian operations which is being held to fund those operations and development projects. At June 30, 2012, $408 in consolidated cash and cash equivalents ($264 attributable to Newmont) was held at certain foreign subsidiaries that, if repatriated and depending on the jurisdiction could be subject to withholding taxes, which would generate foreign tax credits in the U.S. As a result, we expect that there would be minimal U.S. tax liability upon repatriation of these amounts after considering available foreign tax credits. All other amounts represent earnings that are taxed in the U.S. on a current basis due to being held in U.S. subsidiaries or non-U.S. subsidiaries that are flow-through entities for U.S. tax purposes.

We believe that our liquidity and capital resources from U.S. operations and flow-through foreign subsidiaries are adequate to fund our U.S. operations and corporate activities.

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 June 30, 2012 and December 31, 2011, $1,145 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, $191 and $170 were accrued for such obligations at June 30, 2012 and December 31, 2011, respectively. We spent $27 and $8 during the first half of 2012 and 2011, respectively, for environmental obligations related to the former, primarily historic, mining activities and have classified $22 as a current liability at June 30, 2012.

During the first half of 2012 and 2011, capital expenditures were approximately $86 and $55, 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 26 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.

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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 June 30,					Six Months Ended June 30,
	2012		2011			2012		2011
Net income attributable to Newmont stockholders	$	279	$	387		$	769	$	901
Loss from discontinued operations		—		136			71		136
Impairments/asset sales, net		7		(30	)		24		(32	)
Boddington contingent consideration		8		—			8		—
Fronteer acquisition costs		—		17			—		18
Income tax benefit from internal restructuring		—		(65	)		—		(65	)
Adjusted net income	$	294	$	445		$	872	$	958
Adjusted net income per share, basic	$	0.59	$	0.90		$	1.76	$	1.94
Adjusted net income per share, diluted	$	0.59	$	0.89		$	1.74	$	1.91

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.

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Costs applicable to sales per ounce

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Costs applicable to sales:
Consolidated per financial statements	$	894		$	811		$	1,796		$	1,634
Noncontrolling interests(1)		(96	)		(111	)		(187	)		(205	)
Attributable to Newmont	$	798		$	700		$	1,609		$	1,429
Gold sold (thousand ounces):
Consolidated		1,313			1,391			2,768			2,869
Noncontrolling interests(1)		(191	)		(201	)		(373	)		(383	)
Attributable to Newmont		1,122			1,190			2,395			2,486
Costs applicable to sales per ounce:
Consolidated	$	681		$	583		$	649		$	570
Attributable to Newmont	$	711		$	588		$	672		$	575

Costs applicable to sales per pound

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Costs applicable to sales:
Consolidated per financial statements	$	108		$	106		$	223		$	223
Noncontrolling interests(1)		(36	)		(41	)		(80	)		(87	)
Attributable to Newmont	$	72		$	65		$	143		$	136
Copper sold (million pounds):
Consolidated		46			79			104			184
Noncontrolling interests(1)		(16	)		(33	)		(38	)		(81	)
Attributable to Newmont		30			46			66			103
Costs applicable to sales per pound:
Consolidated	$	2.35		$	1.34		$	2.14		$	1.21
Attributable to Newmont	$	2.40		$	1.41		$	2.17		$	1.32

Net attributable costs applicable to sales per ounce

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Attributable costs applicable to sales:
Gold	$	798		$	700		$	1,609		$	1,429
Copper		72			65			143			136
		870			765			1,752			1,565
Copper revenue:
Consolidated		(130	)		(296	)		(363	)		(718	)
Noncontrolling interests(1)		45			125			134			315
		(85	)		(171	)		(229	)		(403	)
Net attributable costs applicable to sales	$	785		$	594		$	1,523		$	1,162
Attributable gold ounces sold (thousands)		1,122			1,190			2,395			2,486
Net attributable costs applicable to sales per ounce	$	700		$	499		$	636		$	467

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

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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
	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Average realized price per ounce	$	1,598		$	1,501		$	1,643		$	1,440
Costs applicable to sales per ounce		(681	)		(583	)		(649	)		(570	)
	$	917		$	918		$	994		$	870
	Copper
	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Average realized price per pound	$	2.85		$	3.78		$	3.49		$	3.91
Costs applicable to sales per pound		(2.35	)		(1.34	)		(2.14	)		(1.21	)
	$	0.50		$	2.44		$	1.35		$	2.70

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.

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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.

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. 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 June 30, 2012:

	Expected Maturity Date
	2012			2013			2014			2015			2016			2017			Total Average
A$ Operating Fixed Forward Contracts:
A$ notional (millions)		641			1,048			762			471			244			28			3,194
Average rate ($/A$)		0.93			0.93			0.90			0.89			0.90			0.88			0.91
Expected hedge ratio		78	%		68	%		50	%		33	%		17	%		4	%
A$ Capital Fixed Forward Contracts:
A$ notional (millions)		27			51			22			—			—			—			100
Average rate ($/A$)		1.00			0.98			0.96			—			—			—			0.98
Expected hedge ratio		37	%		28	%		40	%		—			—			—
NZ$ Operating Fixed Forward Contracts:
NZ$ notional (millions)		41			37			4			—			—			—			82
Average rate ($/NZ$)		0.78			0.78			0.78			—			—			—			0.78
Expected hedge ratio		60	%		29	%		8	%		—			—			—

The fair value of the A$ foreign currency operating derivative contracts was a net asset position of $220 and $223 at June 30, 2012 and December 31, 2011, respectively. The fair value of the NZ$ foreign currency derivative contracts was a net asset position of $1 and $1 at June 30, 2012 and December 31, 2011, respectively. The fair value of the A$ capital foreign currency contracts was a net asset position and net liability position of $2 and $1 at June 30, 2012 and December 31, 2011, respectively.

Diesel Price Risk

We had the following diesel derivative contracts outstanding at June 30, 2012:

	Expected Maturity Date
		2012			2013			2014			2015			Total Average
Diesel Fixed Forward Contracts:
Diesel gallons (millions)			16			22			10			1			49
Average rate ($/gallon)			2.91			2.92			2.88			2.85			2.91
Expected hedge ratio			71	%		50	%		24	%		8	%

The fair value of the diesel derivative contracts was a net liability position of $8 at June 30, 2012 and a net asset position of $1 at December 31, 2011.

Forward Starting Swaps

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 the 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, the forward-starting interest rate swaps were settled for $362, of which $349 represented 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

We had $222 fixed to floating swap contracts designated as a hedge against debt which matured in 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.

London Metal Exchange (“LME”) copper prices averaged $3.57 per pound during the three months ended June 30, 2012, compared with the Company’s recorded average provisional price of $3.52 per pound before mark-to-market adjustments and treatment and refining charges. LME copper prices averaged $3.67 per pound during the six months ended June 30, 2012, compared with the Company’s recorded average provisional price of $3.65 per pound before mark-to-market adjustments and treatment and refining charges. During the three and six months ended June 30, 2012, changes in copper prices resulted in a provisional pricing mark-to-market loss of $18 ($0.40 per pound) and gain of $13 ($0.12 per pound), respectively. At June 30, 2012, Newmont had copper sales of 40 million pounds priced at an average of $3.44 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 LME closing settlement price at June 30, 2012 for copper was $3.45 per pound.

The average London P.M. fix for gold was $1,609 per ounce during the three months ended June 30, 2012, compared with the Company’s recorded average provisional price of $1,607 per ounce before mark-to-market adjustments and treatment and refining charges. The average London P.M. fix for gold was $1,651 per ounce during the six months ended June 30, 2012, compared to the Company’s recorded average provisional price of $1,651 per ounce before mark-to-market adjustments and treatment and refining charges. During the three and six months ended June 30, 2012, changes in gold prices resulted in a provisional pricing mark-to-market loss of $2 ($2 per ounce) and gain of $4 ($1 per ounce), respectively. At June 30, 2012, Newmont had gold sales of 74,000 ounces priced at an average of $1,600 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 approximately $1 effect on our Net income attributable to Newmont stockholders. The London P.M. closing settlement price at June 30, 2012 for gold was $1,599 per ounce.

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.

Changes in Internal Controls

The Company maintains a system of internal control over financial reporting that is designed to provide reasonable assurance that its books and records accurately reflect transactions and that established policies and procedures are followed. The Company is implementing an enterprise resource planning (“ERP”) system on a staged basis at its most significant subsidiaries around the world, excluding Indonesia. The Company began the implementation of the ERP system in North America during the second quarter of 2012, which resulted in a change to its system of internal control over financial reporting. The Company is implementing the global ERP system to improve standardization and automation, and not in response to a deficiency in its internal control over financial reporting. The Company believes that the implementation of the ERP system and related changes to internal controls will enhance its internal controls over financial reporting while providing the ability to scale its business. The Company has taken the necessary steps to monitor and maintain appropriate internal control over financial reporting during this period of change and will continue to evaluate the operating effectiveness of related key controls during subsequent periods.

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PART II—OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

Information regarding legal proceedings is contained in Note 26 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
April 1, 2012 through April 30, 2012		—		—		—		N/A
May 1, 2012 through May 31, 2012		—		—		—		N/A
June 1, 2012 through June 30, 2012		—		—		—		N/A

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.

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.

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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: July 26, 2012	/s/ RUSSELL BALL
	Russell Ball Executive Vice President and Chief Financial Officer (Principal Financial Officer)
Date: July 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	—	Annual Incentive Compensation Program of Newmont, as amended and restated, effective January 1, 2012, filed herewith.
10.2	—	Senior Executive Compensation Program of Newmont, as amended and restated, effective January 1, 2012, filed herewith.
10.3	—	Strategic Stock Unit Bonus Program for Grades E-5 to E-6 of Newmont, effective January 1, 2012, filed herewith.
10.4	—	Transition Agreement between Newmont International Services Limited and Guy Lansdown, effective May 18, 2012, 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

ANNUAL INCENTIVE COMPENSATION PROGRAM

(As Amended and Restated Effective January 1, 2012)

NEWMONT

ANNUAL INCENTIVE COMPENSATION PROGRAM

(Effective as of January 1, 2012)

PURPOSE

The purpose of this program is to provide to those employees of Newmont Mining and its Affiliated Entities that participate in this program a more direct interest in the success of the operations of Newmont Mining. Employees of Newmont Mining and participating Affiliated Entities will be rewarded in accordance with the terms and conditions described below.

This program is intended to be a program described in Department of Labor Regulation Sections 2510.3-1(b) and 2510.3-2(c) and shall not be considered a plan subject to the Employee Retirement Income Security Act of 1974, as amended.

SECTION I-DEFINITIONS

1.1 “Affiliated Entity(ies)” means any corporation or other entity, now or hereafter formed, that is or shall become affiliated with Newmont Mining, either directly or indirectly, through stock ownership or control, and which is (a) included in the controlled group of corporations (within the meaning of Code Section 1563(a) without regard to Code Section 1563(a)(4) and Code Section 1563(e)(3)(C)) in which Newmont Mining is also included and (b) included in the group of entities (whether or not incorporated) under common control (within the meaning of Code Section 414(c)) in which Newmont Mining is also included.

1.2 “Attributable Ounces Production—Gold and Attributable Pounds Production—Copper” means the reported attributable ounces of gold produced and reported attributable pounds of copper produced for the applicable calendar year, measured against the target attributable ounces of gold and target attributable pounds of copper produced per the approved business plan, and as adjusted from time to time as approved by the Board.

1.3 “Board” means the Board of Directors of Newmont Mining or its delegate.

1.4 “Bonus Eligible Earnings” means the total base salary and regular earnings (collectively, “regular earnings”) of the Employee during the calendar year. If an Employee is absent from work because of a work-related injury, the Employee’s “Bonus Eligible Earnings” will be determined by his actual gross base earnings during the calendar year. In the case of a Terminated Eligible Employee who is Disabled, “Bonus Eligible Earnings” will be determined by his actual gross base earnings, including short-term disability pay received during the calendar year, but excluding pay from any other source. If an Employee dies during the calendar year, the “Bonus Eligible Earnings” for such Terminated Eligible Employee will be determined by his actual gross base earnings. If an Employee is on active military duty during a calendar year, the “Bonus Eligible Earnings” will be determined by his actual gross base earnings during the calendar year, exclusive of any government military pay. If an Employee does not receive a W-2, his “Bonus Eligible Earnings” shall be determined on the basis of his actual gross base earnings for the calendar year, or portion thereof, as shown on the payroll records of Newmont Mining or the Participating Employer. In all cases, an Employee’s “Bonus Eligible Earnings” shall be computed before reduction for pre-tax contributions to an employee benefit plan of Newmont Mining pursuant to Section 401(k) or Section 125 of the Code. In the event of a Change of Control, the Bonus Eligible Earnings of each eligible Employee shall be equal to such Employee’s base salary, on an annualized basis, as of the date immediately preceding the Change of Control and, in the case of a Terminated Eligible Employee, such Employee’s base salary for the calendar year through the date of termination of employment.

1.5 “Change of Control” means the occurrence of any of the following events:

(i) The acquisition in one or a series of transactions by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (x) the then outstanding shares of common stock of Newmont Mining (the “Outstanding Company Common Stock”) or (y) the combined voting power of the then outstanding voting securities of Newmont Mining entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection (i), the following acquisitions shall not constitute a Change of Control: (A) any acquisition directly from Newmont Mining other than an acquisition by virtue of the exercise of a conversion privilege, unless the security being so converted was itself acquired directly from Newmont Mining, (B) any acquisition by Newmont Mining, (C) any acquisition by any employee benefits plan (or related trust) sponsored or maintained by Newmont Mining or any corporation controlled by Newmont Mining or (D) any acquisition by any corporation pursuant to a transaction which complies with clauses (A), (B) and (C) of paragraph (iii) below; or

(ii) Individuals who, as of the Effective Date, constitute the Board of Directors of Newmont Mining (“Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors of Newmont Mining; provided, however, that any individual becoming a director subsequent to the Effective Date whose election, or nomination for election by Newmont Mining’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors of Newmont Mining; or

(iii) Consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of Newmont Mining or an acquisition of assets of another entity (a “Business Combination”), in each case, unless, following such Business Combination, (A) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors (or for a non-corporate entity, equivalent governing body), as the case may be, of the entity resulting from such Business Combination (including, without limitation, an entity which as a result of such transaction owns Newmont Mining or all or substantially all of Newmont Mining’s assets either directly or through one or more subsidiaries (a “Parent Company”)) in substantially the same proportions as their ownership, immediately prior to such Business Combination, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (B) no person or entity (excluding Newmont Mining, any entity resulting from such Business Combination, any employee benefit plan (or related trust) of Newmont Mining or its Affiliate or any entity resulting from such Business Combination, or, if reference was made to equity ownership of any Parent Company for purposes of determining whether clause (A) above is satisfied in connection with the applicable Business Combination, such Parent Company) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock (or for a non-corporate entity, equivalent securities of the entity) resulting from such Business Combination of the combined voting power of the then outstanding voting securities of such entity entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), of the entity unless such ownership resulted solely from ownership of securities of Newmont Mining, prior to the Business Combination and (C) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination (or, if reference was made to equity ownership of any Parent Company for purposes of determining whether clause (A) above is satisfied in connection with the applicable Business Combination, of the Parent Company) were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board of Directors of Newmont Mining, providing for such Business Combination; or

(iv) Approval by the stockholders of Newmont Mining of a complete liquidation or dissolution of Newmont Mining.

1.6 “Code” means the Internal Revenue Code of 1986, as amended from time to time.

1.7 “Compensation Committee” means the Compensation Committee of the Board of Directors of Newmont Mining.

1.8 “Consolidated Costs Applicable to Sales – Gold and Copper” means audited, US GAAP consolidated costs applicable to sales for gold (per ounce calculation) and for copper (per pound calculation), measured against the target consolidated costs applicable to sales for gold (per ounce calculation) and to sales for copper (per pound calculation) per the approved business plan, and as adjusted from time to time as approved by the Board.

1.9 “Consolidated Sustaining Capital Expenditures” means Newmont Mining’s sustaining capital expenditures on an accrual basis measured against sustaining capital expenditures on an accrual basis, adjusted from time to time as approved by the Board.

1.10 “Corporate Performance Bonus” means the bonus payable to an Employee pursuant to Section III.

1.11 “Disability” means a condition such that the salaried Employee has terminated employment with Newmont Mining or Affiliated Entities with a disability and has begun receiving benefits from the Long Term Disability Plan of Newmont Mining (or Affiliated Entity) or a successor plan.

1.12 “Economic Performance Driver” means Consolidated Sustaining Capital Expenditures, Consolidated Costs Applicable to Sales – Gold and Copper, Attributable Ounces Production – Gold and Attributable Pounds Production Copper, Reserve and NRM Additions, and Project Execution and Cost.

1.13 “Employee” means an employee of Newmont Mining or an Affiliated Entity who satisfied the conditions for this program and who is not (a) an individual who performs services for Newmont Mining or an Affiliated Entity under an agreement, contract or arrangement (which may be written or oral) between the employer and the individual or with any other organization that provides the services of the individual to the Employer pursuant to which the individual is initially classified or treated as an independent contractor or whose remuneration for services has not been treated initially as subject to the withholding of federal income tax pursuant to Code § 3401, or who is otherwise treated as an employee of an entity other than Newmont Mining or an Affiliated Entity, irrespective of whether he or she is treated as an employee of Newmont Mining or an Affiliated Entity under common-law employment principles or pursuant to the provisions of Code § 414(m), 414(n) or 414(o), even if the individual is subsequently reclassified as a common-law employee as a result of a final decree of a court of competent jurisdiction, the settlement of an administrative or judicial proceeding or a determination by the Internal Revenue Service, the Department of the Treasury or the Department of Labor, (b) an individual who is a leased employee, (c) a temporary employee, or (d) an individual covered by a collective bargaining agreement unless otherwise provided for in such agreement.

1.14 “Key Objectives” means the key results expected by the end of the review period for an Employee, as established and administered through Newmont Mining’s performance management system.

1.15 “Newmont Mining” means Newmont Mining Corporation.

1.16 “Participating Employer” means Newmont Mining and any Affiliated Entity.

1.17 “Pay Grade” means those jobs sharing a common salary range, as designated by the Board or its delegate.

1.18 “Performance Rating Category” means the numerical category used to classify the performance of each Employee in accordance with Newmont Mining’s performance management system.

1.19 “Personal Performance Bonus” means the bonus payable to an Employee based on the individual performance of such Employee, as set forth in Section 4.2.

1.20 “Personal Performance Bonus Factor” means the factor used to determine an Employee’s Personal Performance Bonus, based upon the Performance Rating Category assigned to the Employee, in accordance with Section 4.1.

1.21 “Project Execution and Cost” means Newmont Mining’s performance against project execution and project cost milestones as determined by the Board and adjusted from time to time as approved by the Board.

1.22 “Reserve and NRM Additions” means annual gold reserve and non-reserve mineralization material (“NRM”) additions measured against target annual reserve and non-reserve mineralization material additions per the approved business plan, and as adjusted from time to time as approved by the Board.

1.23 “Terminated Eligible Employee” means an Employee employed in a position located in Colorado or any Employee in an Executive grade level position who terminates employment with Newmont Mining and/or a Participating Employer during the calendar year on account of death, retirement or Disability. The Executive Vice President of Human Resources of Newmont Mining (or his or her delegate) may, in his/her sole discretion, also designate in writing other Employees who terminate employment during the calendar year under other circumstances as “Terminated Eligible Employees.”

SECTION II-ELIGIBILITY

All Employees of a Participating Employer are potentially eligible to receive a bonus payment under this program, provided (i) they are on the payroll of a Participating Employer as of the last day of the calendar year, and at the time of payment, or (ii) they are a Terminated Eligible Employee with respect to such calendar year. Otherwise eligible Employees who are on short-term disability under the Short-Term Disability Plan of Newmont Mining (of Affiliated Entity) or a similar or a successor plan or not working because of a work-related injury as of the last day of the calendar year shall be eligible to receive a bonus under clause (i). Notwithstanding the foregoing provisions of this paragraph, the Compensation Committee or the Executive Vice President of Human Resources (or his or her delegate) may, prior to the end of the calendar year, exclude from eligibility for participation under this program with respect to the calendar year any Employee or Employees, as he or she may determine in his or her sole discretion. Additionally, the Compensation Committee or the Executive Vice President of Human Resources (or his or her delegate) may, prior to the end of the calendar year, exclude from eligibility for participation under this program with respect to the calendar year any Employee or Employees, that has failed to complete any required ethics training or failed to comply with acknowledgement of any Code of Conduct of Newmont Mining or any Affiliated Entity.

SECTION III-CORPORATE PERFORMANCE BONUS

3.1 Eligibility for Corporate Performance Bonus. For the calendar year, the Corporate Performance Bonus will be determined pursuant to this section for each eligible Employee who is (a) in Pay Grade 109 and above on the last day of the calendar year and at the time the payment is made (or was in such Pay Grade at the time of termination of employment), excluding any Employee eligible to participate in the Senior Executive Compensation Program; (b) each eligible Employee who is in Pay Grade 108 and below who is employed by the corporate office (including expatriate assignments) or at a non-operating site location, as determined by the Executive Vice President of Human Resources (or his or her delegate), on the last day of the calendar year and at the time payment is made (or was in such Pay Grade and at such location at the time of termination of employment); and (c) any other employee or class of employees as determined by the Executive Vice President of Human Resources (or his or her delegate). For the calendar year, the performance bonus for each eligible Employee who is in Pay Grade 108 or below on the last day of the calendar year and at the time the payment is made (or was in such Pay Grade at the time of termination of employment) and who is not assigned to the corporate office or at a non-site location, will be determined in accordance with such performance factors, weighting factors and other methods of bonus determination as shall be established for each specific site or region by Newmont Mining for the calendar year, rather than the Corporate Performance Bonus. Each operating site shall develop its own critical performance indicators for this purpose.

3.2 Target Amounts for Economic Performance Drivers. The Compensation Committee shall establish both the targets and the minimum and maximum amounts for each Economic Performance Driver on an annual basis. The target Consolidated Sustaining Capital Expenditures, Consolidated Costs Applicable to Sales – Gold and Copper and Project Cost, together with the applicable minimums and maximums for each such Economic Performance Driver, shall be established in United States dollars and cents. The target, minimum and maximum Attributable Ounces Production-Gold and Reserve and NRM Additions shall be established in ounces. The target, minimum and maximum Attributable Pounds Production-Copper shall be established in pounds. The targets for Project Execution shall be established at the discretion of the Board. Targets will be adjusted for acquisitions or divestitures as approved by the Newmont Mining Board of Directors.

3.3 Actual Performance for Economic Performance Drivers. As soon as possible after the end of each calendar year, the Compensation Committee shall certify the extent to which actual performance met the target amounts for each Economic Performance Driver, following a report for the Internal Audit department.

3.4 Aggregate Payout Percentage. An aggregate payout factor (the “Aggregate Payout Percentage”) will be calculated as follows:

(i) Calculating the Performance Percentage for each Economic Performance Driver. For each Economic Performance Driver, actual performance will be compared to the target, minimum and maximum amounts to arrive at a performance percentage (“Performance Percentage”) calculated as follows:

• If the actual amount is less than the minimum amount, the Performance Percentage is zero;

• If the actual amount is equal to the minimum amount, the Performance Percentage is 50%;

• If the actual amount is less than the target amount and greater than the minimum amount, the Performance Percentage is the sum of (A) 50%, plus (B) the product of 50%, times a fraction, the numerator of which is the difference between the actual amount and the minimum amount, and the denominator of which is the difference between the target amount and the minimum amount;

• If the actual amount is equal to the target amount, the Performance Percentage is 100%;

• If the actual amount is greater than the target amount and less than the maximum amount, the Performance Percentage is the sum of (A) 100%, plus (B) a fraction, the numerator of which is the difference between the actual amount and the target amount, and the denominator of which is the difference between the maximum amount and the target amount; and

• If the actual amount is greater than or equal to the maximum amount, the Performance Percentage is 200%.

(ii) Calculating the Payout Percentage for each Economic Performance Driver. The payout percentage for each Economic Performance Driver is the product of the Performance Percentage times the applicable weighting factor as listed in Appendix A (“Payout Percentage for each Economic Performance Driver”).

(iii) Calculating the Aggregate Payout Percentage. The Aggregate Payout Percentage is the sum of the Payout Percentages for each Performance Factor.

3.5 Determination of Target Performance Level. An Employee’s Target Performance Level is determined by the Employee’s Pay Grade pursuant to the table in Appendix B.

3.6 Determination of the Corporate Performance Bonus. The Corporate Performance Bonus for each eligible Employee is the product of the Aggregate Payout Percentage, times the Employee’s Target Performance Level, times the Employee’s Bonus Eligible Earnings.

3.7 Terminated Eligible Employees. Terminated Eligible Employees shall be eligible to receive a Corporate Performance Bonus. This bonus will be calculated as follows:

Target Performance Level x Year to Date Bonus Eligible Earnings = Corporate Performance Bonus Payable

3.8 Adjustments. The Compensation Committee may adjust the Performance Percentage or any measure or otherwise increase or decrease the Corporate Performance Bonus otherwise payable in order to reflect changed circumstances or such other matters as the Compensation Committee deems appropriate.

SECTION IV-PERSONAL PERFORMANCE BONUS

4.1 Personal Performance Level. At the end of the calendar year, each eligible Employee’s supervisor will evaluate the Employee and rate the Employee’s personal performance level. In accordance with Newmont Mining’s performance management system, the supervisor will rate the Employee. Each Employee will be rated by the Employee’s supervisor in one of Newmont Mining’s Performance Rating Categories. In conjunction with these ratings, Newmont Mining will assign a Personal Performance Bonus Factor for the Employee as listed in Appendix C and the Employee’s supervisor shall also recommend a Personal Performance Payout Factor within the range stated in Appendix C corresponding to the rating that Employee’s supervisor assigned to Employee. Newmont Mining may increase or decrease any eligible Employee’s Personal Performance Bonus Factor in its sole discretion.

4.2 Determination of Personal Performance Bonus. Subject to Section 4.3, an eligible Employee’s Personal Performance Bonus is determined by multiplying the eligible Employee’s Bonus Eligible Earnings times the determined percentage from the Target Performance Level, as set forth in Appendix C times the Personal Performance Bonus Factor determined pursuant to Section 4.1.

4.3 Terminated Eligible Employees. Terminated Eligible Employees shall be eligible to receive a Personal Performance Bonus based upon an assumed Personal Performance Bonus Factor of 1.0, so that the Terminated Eligible Employees will receive a Personal Performance Bonus at their individual Target Performance Level multiplied by their Bonus Eligible Earnings for the calendar year.

4.4 Ineligible Employees. Eligible Employees whose Personal Performance Bonus Factor (determined pursuant to Section 4.1) is less than .70 shall not be eligible to receive a Personal Performance Bonus.

4.5 Adjustments of Personal Performance Bonus. The Compensation Committee may adjust the Personal Performance Bonus Factor or any measure or otherwise increase the Personal Performance Bonus otherwise payable in order to reflect changed circumstances or such other matters as the Compensation Committee deems appropriate.

SECTION V-PAYMENT OF BONUS

5.1 Pay Grade. If an eligible Employee was in more than one Pay Grade during the calendar year, the bonus payable to such eligible Employee shall be calculated on a pro-rata basis in accordance with the amount of time spent by such eligible Employee in each Pay Grade during the calendar year.

5.2 Time and Method of Payment. The aggregate of any and all bonuses payable under this program shall be payable to each eligible Employee (other than Terminated Eligible Employees) in cash as soon as practicable following approval of bonuses by the Compensation Committee. Terminated Eligible Employees shall receive the aggregate of any and all bonuses payable under this program in cash as soon as practicable following the date of their termination from employment with a Participating Employer. All payments and the timing of such payments shall be made in accordance with practices and procedures established by the Participating Employer. Payment under this program will be made no later than the 15^th day of the third month following the calendar year in which an Employee’s right to payment is no longer subject to a substantial risk of forfeiture. Notwithstanding the foregoing, in the event an Employee failed to complete any required ethics training or failed to comply with acknowledgement of any Code of Conduct of Newmont Mining or any Affiliated Entity, Newmont Mining may withhold payment under this program unless or until such Employee complies.

5.3 Withholding Taxes. All bonuses payable hereunder shall be subject to the withholding of such amounts as Newmont Mining or a Participating Employer may determine is required to be withheld pursuant to any applicable federal, state, local or foreign law or regulation.

SECTION VI-CHANGE OF CONTROL

6.1 In General. In the event of a Change of Control, each eligible Employee (including Terminated Eligible Employees who terminate employment during the calendar year in which the Change of Control occurs) shall become entitled to the payment of a Corporate Performance Bonus and a Personal Performance Bonus, in accordance with the provisions of this Section.

6.2 Calculation of Bonuses. Upon a Change of Control, each eligible Employee, excluding any Terminated eligible Employee who terminated prior to the Change of Control, shall become entitled to the payment of (i) a Corporate Performance Bonus calculated on the basis of a Performance Percentage equal to the greater of the actual results attained for the calendar year or the applicable targets for such Calendar year and (ii) a Personal Performance Bonus calculated on the basis of a Personal Performance Bonus Factor equal to the greater of the actual Personal Performance Bonus Factor for the calendar year or a Personal Performance Bonus Factor of 1.0. If a Change of Control occurs prior to the time that the Compensation Committee has established the targets for the calendar year, such percentages shall be based upon the corresponding percentages for the immediately preceding calendar year.

6.3 Payment of Bonuses. The bonuses payable in accordance with the provisions of this Section VI shall be calculated and paid as soon as practicable following the date of the Change of Control. Such payments shall be subject to the withholding of such amounts as Newmont Mining or a Participating Employer may determine is required to be withheld pursuant to any applicable federal, state or local law or regulation. Upon the completion of such payments, eligible Employees shall have no further right to the payment of any bonus hereunder (other than any bonus payable hereunder with respect to a previous calendar year that has not yet been paid).

SECTION VII-GENERAL PROVISIONS

7.1 Amount Payable Upon Death of Employee. If an eligible Employee who is entitled to payment hereunder dies after becoming eligible for payment but before receiving full payment of the amount due, or if an eligible Employee dies and becomes a Terminated Eligible Employee, all amounts due shall be paid as soon as practicable after the death of the eligible Employee, in a cash lump sum, to the beneficiary or beneficiaries designated by the eligible Employee to receive life insurance proceeds under Group Life and Accidental Death & Dismemberment Plan of Newmont USA Limited (or a successor plan) or a similar plan of a Participating Employer. In the absence of an effective beneficiary designation under said plan, any amount payable hereunder following the death of an eligible Employee shall be paid to the eligible Employee’s estate.

7.2 Right of Offset. To the extent permitted by applicable law, Newmont Mining or a Participating Employer may, in its sole discretion, apply any bonus payments otherwise due and payable under this program against any eligible Employee or Terminated Eligible Employee loans outstanding to Newmont Mining, an Affiliated Entity, or Participating Employer, or other debts of the eligible Employee or Terminated Eligible Employee to Newmont Mining Newmont Mining, an Affiliated Entity, or Participating Employer. By accepting payments under this program, the eligible Employee consents to the reduction of any compensation paid to the eligible Employee by Newmont Mining, an Affiliated Entity, or Participating Employer to the extent the eligible Employee receives an overpayment from this program.

7.3 Termination. The Board may at any time amend, modify, suspend or terminate this program; provided, however, that the Compensation Committee may, consistent with its administrative powers, waive or adjust provisions of this program as it determines necessary from time to time.

7.4 Payments Due Minors or Incapacitated Persons. If any person entitled to a payment under this program is a minor, or if the Compensation Committee or its delegate determines that any such person is incapacitated by reason of physical or mental disability, whether or not legally adjudicated as an incompetent, the Compensation Committee or its delegate shall have the power to cause the payment becoming due to such person to be made to another for his or her benefit, without responsibility of the Compensation Committee or its delegate, Newmont Mining, or any other person or entity to see to the application of such payment. Payments made pursuant to such power shall operate as a complete discharge of the Compensation Committee, this program, Newmont Mining, and Affiliated Entity or Participating Employer.

7.5 Severability. If any section, subsection or specific provision is found to be illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining provisions of this program, and this program shall be construed and enforced as if such illegal and invalid provision had never been set forth in this program.

7.6 No Right to Employment. The establishment of this program shall not be deemed to confer upon any person any legal right to be employed by, or to be retained in the employ of, Newmont Mining, any Affiliated Entity, any Participating Employer, or to give any Employee or any person any right to receive any payment whatsoever, except as provided under this program. All Employees shall remain subject to discharge from employment to the same extent as if this program had never been adopted.

7.7 Transferability. Any bonus payable hereunder is personal to the eligible Employee or Terminated Eligible Employee and may not be sold, exchanged, transferred, pledged, assigned or otherwise disposed of except by will or by the laws of descent and distribution.

7.8 Successors. This program shall be binding upon and inure to the benefit of Newmont Mining, the Participating Employers and the eligible Employees and Terminated Eligible Employees and their respective heirs, representatives and successors.

7.9 Governing Law. This program and all agreements hereunder shall be construed in accordance with and governed by the laws of the State of Colorado, unless superseded by federal law.

7.10 Reimbursement. The Compensation Committee, to the full extent permitted by governing law, shall have the discretion to require reimbursement of any portion of Corporate Performance Bonus previously paid to an eligible Employee pursuant to the terms of this compensation program if: a) the amount of such Corporate Performance Bonus was calculated based upon the achievement of certain financial results that were subsequently the subject of a restatement, and b) the amount of such Corporate Performance Bonus that would have been awarded to the eligible Employee had the financial results been reported as in the restatement would have been lower than the Corporate Performance Bonus actually awarded. Additionally, the Compensation Committee, to the full extent permitted by governing law, shall have the discretion to require reimbursement of any portion of a Corporate Performance Bonus and Personal Performance Bonus previously paid to an eligible Employee pursuant to the terms of this compensation program if the eligible Employee is terminated for cause as defined in the Executive Change of Control Plan of Newmont.

APPENDIX A- Payout Percentage for each Economic Performance Driver

Consolidated Sustaining Capital Expenditures	Reserve and NRM Additions (66.67% gold reserves and 33.33% non- reserve mineralization material)	Consolidated Costs Applicable to Sales (80% gold and 20% copper)	Attributable Ounces Production – Gold (80%) and Attributable Pounds Production – Copper (20%)	Project Execution and Cost
10%	20%	30%	30%	10%

APPENDIX B

Pay Grade	Target Corporate Performance Bonus Level
E-5	30%
E-6	20%
109	20%
107-108	15%
105-106	14%
103-104	10%
101-102	5%
99-100	4%
49-50	3%
11-27	3%

APPENDIX C

Performance Rating System	Personal Performance Bonus Factor
1	0
2	.50-.75
3	.75-1.00
4	1.00-1.25
5	1.25-1.50
6	1.50-2.0
Pay Grade	Target Personal Performance Bonus Level
E-5	30%
E-6	20%
109	20%
107-108	15%
105-106	14%
103-104	10%
101-102	5%
99-100	4%
49-50	3%
11-27	3%

EX-10.2

Exhibit 10.2

NEWMONT

SENIOR EXECUTIVE COMPENSATION PROGRAM

(As Amended and Restated Effective January 1, 2012)

NEWMONT

SENIOR EXECUTIVE COMPENSATION PROGRAM

(Effective as of January 1, 2012)

PURPOSE

This Senior Executive Compensation Program includes the Strategic Stock Unit Bonus program, Performance Leveraged Stock Bonus program, Strategic Objectives Bonus and AICP Corporate Performance Bonus for the eligible Employees. The purpose of the Strategic Stock Unit Bonus program, Performance Leveraged Stock Bonus program and the ACIP Corporate Performance Bonus is to provide eligible Employees a direct interest in the success of the operations of Newmont Mining. The purpose of the Strategic Objectives Bonus is to provide eligible Employees additional incentive to meet strategic objectives. The eligible Employees will be rewarded in accordance with the terms and conditions described below.

I. DEFINITIONS

The capitalized terms used in this compensation program shall have the same meaning as the capitalized terms in the Annual Incentive Compensation Program (“AICP”), unless otherwise defined or stated herein. The following terms used in this compensation program shall have the meanings set forth below.

1.1 “AICP Corporate Performance Bonus” means the bonus payable pursuant to Section 5.1 (or portion thereof as provided in Section 5.2).

1.2 “Change of Control Price” means the price per share of Common Stock offered to a holder thereof in conjunction with any transaction resulting in a Change of Control on a fully-diluted basis (as determined by the Compensation Committee as constituted before the Change of Control, if any part of the offered price is payable other than in cash), or, in the case of a Change of Control occurring solely by reason of a change in the composition of the Board, the highest Fair Market Value of a share of Common Stock on any of the 30 trading days immediately preceding the date on which such Change of Control occurs.

1.3 “Common Stock” means the $1.60 par value common stock of Newmont Mining.

1.4 “EBITDA Payout Percentage” means annual approved budgeted EBITDA for the Performance Period, as adjusted for gold price, exchange rates, one-time accounting adjustments or other items as approved by the Board, compared to actual adjusted EBITDA for the Performance Period calculated according to the scale stated in Appendix A-1.

1.5 “Employee Target AICP Corporate Performance Bonus” means the target bonus for eligible Employees as set forth in Appendix B.

1.6 “Extended Performance Period” means three calendar years over which the Compensation Committee will calculate and determine the Performance Leveraged Stock Bonus.

1.7 “Fair Market Value” has the meaning given such term in the 2005 Stock Incentive Plan.

1.8 “Performance Leveraged Stock Bonus” means the bonus payable to an eligible Employee in the form of Common Stock under this compensation program with respect to an Extended Performance Period (or portion thereof as provided in Section 4.4) and is calculated as described in Section 4.2.

1.9 “Performance Period” means the calendar year over which the Compensation Committee will calculate and determine the Strategic Stock Unit Bonus, AICP Corporate Performance Bonus and Strategic Objectives Bonus.

1.10 “Performance Stock” means the right to receive from Newmont Mining Common Stock or restricted stock units under terms and conditions defined in a restricted stock unit or other award agreement, as determined by the Compensation Committee.

1.11 “Relative Total Shareholder Return” means Newmont Mining’s total shareholder return, defined as the change in the closing price of a share of Common Stock, with dividends reinvested, over the Extended Performance Period, as compared to the total shareholder return, with dividends reinvested, of an index of peer companies selected and determined by the Compensation Committee. The Committee retains authority to make adjustments for extraordinary events affecting the calculations.

1.12 “Retirement” means retirement as defined in the Pension Plan of Newmont Mining (or any successor plan), regardless of the relevant Employee’s participation in the Pension Plan of Newmont Mining (or any successor plan).

1.13 “Strategic Objectives Bonus” means the cash bonus payable to an eligible Employee based on the individual contribution of such eligible Employee to achievement of the Corporation’s strategic objectives during the Performance Period, as set forth in section 6.1 (or portion thereof as provided in section 6.2).

1.14 “Strategic Stock Unit Bonus” means the bonus payable to an eligible Employee in the form of Performance Stock under this compensation program with respect to a Performance Period (or portion thereof as provided in Section 3.2), which shall be determined by multiplying the eligible Employee’s Target Strategic Stock Unit Bonus times the EBITDA Payout Percentage. The Performance Stock awarded as a Strategic Stock Unit Bonus shall have terms and conditions, and shall be subject to such restrictions as defined by the Compensation Committee.

1.15 “Target Strategic Stock Unit Bonus” means the number of shares of Common Stock equivalent to the percentage of base salary (for calculation purposes, base salary shall be the applicable base salary of the Employee as of March 1 for the year in which the target number of shares is calculated) set by the Compensation Committee which is set forth in Appendix A, using the average of the high and low share price on the date such targets are set by the Compensation Committee.

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1.16 “Target Performance Leveraged Stock Bonus” means the number of shares of Common Stock equivalent to the percentage of base salary (for calculation purposes, base salary shall be the applicable base salary of the Employee as of March 1 for the year in which the target number of shares is calculated) set by the Compensation Committee which is set forth in Appendix D, using the average closing price of Common Stock for the fourth quarter of the calendar year immediately prior to the Extended Performance Period.

1.17 “Terminated Eligible Employee” for purposes of the Strategic Stock Unit Bonus means an executive grade level Employee of a Participating Employer at grade level E-4 or above during the relevant Performance Period, who terminates employment with Newmont Mining and/or a Participating Employer on account of death, Retirement or Disability. For purposes of the Performance Leveraged Stock Bonus, “Terminated Eligible Employee” means executive grade level Employee of a Participating Employer at grade level E-4 or above during the relevant Extended Performance Period, who terminates employment with Newmont Mining and/or a Participating Employer on account of death, Retirement, severance as provided in Section 4.4(a), or involuntary termination as provided in Section 4.4(d). Terminated Eligible Employee” for purposes of the AICP Corporate Performance Bonus and the Strategic Objectives Bonus shall have the same meaning as in the AICP.

1.18 “2005 Stock Incentive Plan” means the Newmont Mining Corporation 2005 Stock Incentive Plan (or any successor plan), as amended from time to time.

II. ELIGIBILITY

All executive grade level Employees of a Participating Employer at grade level E-4 or above, are eligible to receive a Strategic Stock Unit Bonus, Performance Leveraged Stock Bonus, AICP Corporate Performance Bonus and Strategic Objectives Bonus under this compensation program, provided (i) they are on the payroll of a Participating Employer as of the last day of the relevant Performance Period or Extended Performance Period for the Performance Leveraged Stock Bonus, and at the time the award is granted, or (ii) they are a Terminated Eligible Employee with respect to such Performance Period, or Extended Performance Period for the Performance Leveraged Stock Bonus. Eligible Employees who are on short-term disability under the Short-Term Disability Plan of Newmont, or a successor plan, or not working because of a work-related injury as of the last day of the Performance Period, or Extended Performance Period for the Performance Leveraged Stock Bonus, but are still on the payroll of a Participating Employer shall be eligible to receive a Strategic Stock Unit Bonus, Performance Leveraged Stock Bonus, AICP Corporate Performance Bonus and Strategic Objectives Bonus. Notwithstanding the foregoing provisions of this Section II, the Compensation Committee may, prior to the end of any Performance Period, or Extended Performance Period for the Performance Leveraged Stock Bonus, exclude from or include in eligibility for participation under this compensation program with respect to such Performance Period, or Extended Performance Period for the Performance Leveraged Stock Bonus, any executive grade level Employee of a Participating Employer. If an Employee of a Participating Employer is eligible to participate in this program, such Employee is not eligible to participate in the Annual Incentive Compensation Program or any other equity bonus program of the Company.

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III. STRATGEIC STOCK UNIT BONUS

3.1 Determination of Strategic Stock Unit Bonus—In General. The Strategic Stock Unit Bonus shall be calculated as soon as reasonably practicable after the Compensation Committee determines the EBITDA Payout Percentage. Following such determination, payment of the Strategic Stock Unit Bonus shall be made to eligible Employees as soon as reasonably practicable, in accordance with Section 3.3 below.

3.2 Separation of Employment and Payment of Strategic Stock Unit Bonus. Unless otherwise stated in this section 3.2, an eligible Employee shall not be entitled to payment of a Strategic Stock Unit Bonus on or after any separation of employment, voluntary or involuntary. In the event an eligible Employee separates employment from a Participating Employer as a result of death, Disability or Retirement prior to payment of the Strategic Stock Unit Bonus, such eligible Employee shall be a Terminated Eligible Employee and shall receive a Strategic Stock Unit Bonus equal to such Terminated Eligible Employee’s Target Strategic Stock Unit Bonus, pro-rated for the time of employment with a Participating Employer during the Performance Period, upon separation of employment.

3.3 Form of Payment. The amount of Strategic Stock Unit Bonus payable under this compensation program shall be paid in Performance Stock (payable in whole shares only rounded down to the nearest share). The Performance Stock shall be subject to the restrictions set forth in Section 3.4 below.

3.4 Restrictions on Performance Stock.

(a) Newmont Mining shall issue Performance Stock to eligible Employees for one-third of the Strategic Stock Unit Bonus without any restrictions as soon as practicable following the end of the Performance Period in the form of Common Stock. Newmont Mining shall issue Performance Stock, in the form of restricted stock units for the remainder of the Strategic Stock Unit Bonus and such restricted stock units shall have a two-year vesting period, with one-half of the Performance Stock in the form of restricted stock units vesting each year on the anniversary of the date of grant.

(b) Shares of Performance Stock issued hereunder in the form of restricted stock units as part of a Strategic Stock Unit Bonus shall not be subject to transfer by the eligible Employee. Shares of Common Stock issued to an eligible Employee upon vesting of such restricted stock units may be freely transferred by the eligible Employee subject to all applicable laws, regulations and Newmont Mining policies.

3.5 Timing of Payment. Except as provided in section 3.2 above, payment of the Strategic Stock Unit Bonus will be made no later than the 15^th day of the third month following the Performance Period to which such Strategic Stock Unit Bonus relates.

IV. PERFORMANCE LEVERAGED STOCK BONUS

4.1 Determination of Performance Leveraged Stock—In General. The Performance Leveraged Stock Bonus shall be calculated as soon as reasonably practicable after the Compensation Committee determines the Performance Leveraged Stock Bonus Payout Factor as described in section 4.3 below. Following such determination, payment of the Performance Leveraged Stock Bonus shall be made to eligible Employees as soon as reasonably practicable, in accordance with Section 4.5 below.

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4.2 Calculation of Performance Leveraged Stock Bonus. The Performance Leveraged Stock Bonus equals the Target Performance Leveraged Stock Bonus times the Performance Leveraged Stock Bonus Payout Factor.

4.3 Calculation of the Performance Leveraged Stock Bonus Payout Factor. The Performance Leveraged Stock Bonus Payout Factor will be the sum of the Market Payout Factor and the TSR Payout Factor:

(a) “Market Payout Factor” means a percentage calculated as follows: 100 times the quotient of (i) the average closing price of Common Stock for the fourth quarter of the last calendar year of the Extended Performance Period; divided by (ii) the average closing price of Common Stock for the fourth quarter of the calendar year prior to the Extended Performance Period, as adjusted for stock splits or similar reorganizations. The maximum Market Payout Factor shall be 150%.

(b) “TSR Payout Factor” means a percentage calculated as follows: two times the number of percentage points that the Relative Total Shareholder Return is above the 50^th percentile, to a maximum of 50%.

4.4 Separation of Employment and Payment of Performance Leveraged Stock Bonus. Unless otherwise stated in this section 4.4, an eligible Employee shall not be entitled to payment of a Performance Leveraged Stock Bonus on or after any separation of employment, voluntary or involuntary.

(a) In the event an eligible Employee separates employment from a Participating Employer and is entitled to severance benefits of any kind, including but not limited to benefits under the Executive Severance Plan of Newmont (or any successor plan) or redundancy benefits, prior to payment of the Performance Leveraged Stock Bonus and prior to the expiration of the first year of any Extended Performance Period, such eligible Employee is not entitled to payment of the Performance Leveraged Stock Bonus in any amount for that Extended Performance Period. In the event an eligible Employee separates employment from a Participating Employer and is entitled to severance benefits of any kind, including but not limited to benefits under the Severance Plan of Newmont (or any successor plan) or redundancy benefits, prior to payment of the Performance Leveraged Stock Bonus and after expiration of the first year of any Extended Performance Period, such eligible Employee is a Terminated Eligible Employee and shall receive a Performance Leveraged Stock Bonus at the lesser of his or her Target Performance Leveraged Stock Bonus or the actual Performance Leveraged Stock Bonus otherwise payable, pro-rated based on the time he or she was actually employed by a Participating Employer during the Extended Performance Period and paid following the expiration of the Extended Performance Period.

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(b) In the event an eligible Employee separates employment from a Participating Employer as a result of Retirement prior to payment of the Performance Leveraged Stock Bonus, such eligible Employee is a Terminated Eligible Employee and shall receive a Performance Leveraged Stock Bonus at actual payout amount in the form of Common Stock, following expiration of the Extended Performance Period, pro-rated based on the time he or she was actually employed by a Participating Employer during the Extended Performance Period.

(c) In the event an eligible Employee separates employment from a Participating Employer as a result of death prior to payment of the Performance Leveraged Stock Bonus, such eligible Employee’s beneficiary or estate shall receive a Performance Leveraged Stock Bonus equal to his or her Target Performance Leveraged Stock Bonus, pro-rated based on the time he or she was actually employed by a Participating Employer during the Extended Performance Period, payable upon separation of employment.

(d) In the event an eligible Employee is involuntarily terminated by a Participating Employer prior to payment of the Performance Leveraged Stock Bonus for any reason other than cause, as defined in the Executive Severance Plan of Newmont, and the eligible Employee is not entitled to any benefits under the Executive Severance Plan of Newmont or other redundancy or severance benefits, employee shall receive a pro-rated Performance Leveraged Stock Bonus, based on the time he or she was actually employed by a Participating Employer during the Extended Performance Period, based on actual payout of the Performance Leveraged Stock Bonus following expiration of the Extended Performance Period according to paragraph 4.6 below.

4.5 Form of Payment. The amount of Performance Leveraged Stock Bonus payable under this compensation program shall be paid in Common Stock (payable in whole shares only rounded down to the nearest share).

4.6 Timing of Payment. Except as otherwise provided in section 4.4(c) above, payment of the Performance Leveraged Stock Bonus will be made as soon as reasonably practicable during the calendar year following the Extended Performance Period to which such Performance Leveraged Stock Bonus relates.

V. AICP CORPORATE PERFORMANCE BONUS

5.1 Determination of AICP Corporate Performance Bonus—In General. For all participants in this program, with the exception of Regional Senior Vice Presidents at operating sites, the AICP Corporate Performance Bonus shall be determined and paid in conformance with the determination and payment of the Corporate Performance Bonus in the AICP, utilizing the Employee Target AICP Corporate Performance Bonus attached in Appendix B, rather than the Target Performance Level attached to the AICP. For all Regional Senior Vice Presidents at operating sites the AICP Corporate Performance Bonus shall be based upon the AICP and the applicable regional bonus plan. Twenty-five percent of the Regional Senior Vice Presidents’ AICP Corporate Performance Bonus shall be determined and paid in conformance with the determination and payment of the Corporate Performance Bonus in the AICP, utilizing the Employee Target AICP Corporate Performance Bonus attached in Appendix B, rather than the Target Performance Level attached to the AICP. Seventy-five percent of the Regional Senior Vice Presidents’ AICP Corporate Performance Bonus shall be determined and paid in conformance with the applicable regional bonus plan, utilizing the Employee Target AICP Corporate Performance Bonus attached in Appendix B, rather than the Target Performance Level attached to the AICP.

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5.2 Separation of Employment and Payment of AICP Corporate Performance Bonus. In the event an eligible Employee separates employment from a Participating Employer and is a Terminated Eligible Employee, the AICP Corporate Performance Bonus shall be paid in accordance with the Terminated Eligible Employee provisions of the Corporate Performance Bonus provisions of the AICP. If an eligible Employee is not a Terminated Eligible Employee, such eligible Employee shall not be entitled to payment of an AICP Corporate Performance Bonus on or after any separation of employment, voluntary or involuntary.

VI. STRATEGIC OBJECTIVES BONUS

6.1 Determination of Strategic Objectives Bonus—In General. At the end of each Performance Period, the Compensation Committee will evaluate Section 16 reporting officer eligible Employee's performance against relevant strategic objectives and award a Strategic Objectives Bonus, up to the maximum amounts listed in Appendix C. The Compensation Committee will seek the input of the Chief Executive Officer on the Strategic Objectives Bonuses to be awarded to other Section 16 reporting officer eligible Employees. At the end of each Performance Period, the designated supervisor of a non-Section 16 reporting officer eligible Employee will evaluate the non-Section 16 reporting officer eligible Employee’s performance against relevant strategic objectives and award a Strategic Objectives Bonus, up to the maximum amounts listed in Appendix C. Following such determination, payment of the Strategic Objectives Bonus shall be made to eligible Employees as soon as reasonably practicable following the end of the applicable Performance Period, provided that such payment shall be made no later than the 15^th day of the third month following the Performance Period to which such Strategic Objectives Bonus relates.

6.2 Separation of Employment and Payment of Strategic Objectives Bonus. In the event an eligible Employee separates employment from a Participating Employer and is a Terminated Eligible Employee, the Strategic Objectives Bonus shall be paid at 50% of the maximum level shown on Appendix C, pro-rated for the time of employment during the Performance Period, and shall be paid as soon as practicable. If an eligible Employee is not a Terminated Eligible Employee, eligible Employee shall not be entitled to payment of a Strategic Objectives Bonus on or after any separation of employment, voluntary or involuntary.

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VII. CHANGE OF CONTROL

7.1 AICP Corporate Performance Bonus and Strategic Objectives Bonus. In the event of a Change of Control (as defined in the AICP), each eligible Employee, excluding any Terminated Eligible Employee who terminated prior to the Change of Control, shall become entitled to the payment of an AICP Corporate Performance Bonus, in accordance with the provisions of the Corporate Performance Bonus provisions of the AICP and 50% of the maximum Strategic Objectives Bonus, pro-rated for partial service during any Performance Period, payable within 5 days following the date of such Change of Control.

7.2 Strategic Stock Unit Bonus. In the event of a Change of Control (as defined in the AICP), each eligible Employee’s granted but not yet vested Strategic Stock Unit Bonuses shall vest upon a termination of employment of the Employee, entitling Employee to Change of Control benefits under the applicable Executive Change of Control Plan.

7.3 Performance Leveraged Stock Bonus. In the event of a Change of Control (as defined in the AICP), each eligible Employee or a Terminated Eligible Employee who terminated employment on account of Retirement (all other Terminated Eligible Employees who terminated employment prior to the Change of Control shall be excluded), shall become entitled to the payment of a Performance Leveraged Stock Bonus for an Extended Performance Period that has elapsed at least one year. The Performance Leveraged Stock Bonus shall be calculated in the manner stated in section 4.2 above, with the exception that (i) the Extended Performance Period shall be deemed to end on the date of the Change of Control, (ii) the Change of Control Price shall be substituted for the average closing price of Common Stock for the fourth quarter of the last calendar year of the Extended Performance Period for purposes of section 4.3(a)(i) above, and (iii) the TSR Payout Factor will be based on Relative Total Shareholder Return utilizing the Change of Control Price as the final closing price of a share of Common Stock. The Performance Leveraged Stock Bonus shall be paid out as follows: (A) the percentage of the Performance Leveraged Stock Bonus equal to the percentage of the Extended Performance Period that elapsed up to the Change of Control shall be paid in a number of shares of common stock of the acquiring or resulting corporation or any parent or subsidiary thereof or that may be issuable by another corporation that is a party to the transaction resulting in such Change of Control received in such transaction by holders of Common Stock (such common stock, “Acquirer Stock”) equal to (x) the number of shares of Acquirer Stock received by such a holder for each share of Common Stock held by such holder in such transaction multiplied by (y) the number of shares of Common Stock subject to such percentage of the Performance Leveraged Stock Bonus, or (B) if Acquirer Stock is not issued in connection with such transaction, cash in an amount equal to the Change of Control Price multiplied by the number of shares of Common Stock subject to such percentage of the Performance Leveraged Stock Bonus, within 5 days following the date of the Change of Control (provided, however, that if such Change of Control does not constitute a change in the ownership or effective control of Newmont Mining or of a substantial portion of the assets of Newmont Mining, pursuant to Treasury Regulations Section 1.409A-3(i)(5) (a “409A CoC”), such percentage of the Performance Leveraged Stock Bonus shall be so paid when the Performance Leveraged Stock Bonus would otherwise have been paid in accordance with Article IV), and b) the percentage of the Performance Leveraged Stock Bonus equal to the percentage of the Extended Performance Period that did not elapse prior to the Change of Control shall be paid in the form of (A) restricted stock units covering a number of shares of Acquirer Stock equal to (x) the number of shares of Acquirer Stock received by a holder of Common Stock for each share of Common Stock held by such holder in such transaction multiplied by (y) the number of shares of Common Stock subject to such percentage of the Performance Leveraged Stock Bonus, that will have a vesting period equal to the Extended Performance Period otherwise remaining as of the date of the Change of Control, or (B) if Acquirer Stock is not issued in connection with such transaction, a deferred compensation arrangement with a balance initially equal to the Change of Control Price multiplied by the number of shares of Common Stock subject to such percentage of the Performance Leveraged Stock Bonus, that will have a vesting period equal to the Extended Performance Period otherwise remaining as of the date of the Change of Control and a value from time to time as if such initial balance were invested in such deemed investment as the Compensation Committee as constituted before the Change of Control shall determine in its discretion. The portion of the Performance Leveraged Stock Bonus described in clause (b) of the preceding sentence shall vest upon any termination of employment of the eligible Employee with a Participating Employer prior to the expiration of the vesting period, with the exception of voluntary termination or termination for Cause, as defined in Newmont Mining’s Executive Change of Control Plan. Such portion shall be paid in cash within 5 days following vesting; provided, however, that if such Change of Control does not constitute a 409A CoC, such portion, to the extent vested in accordance with this sentence, shall be so paid when they would otherwise have been paid in accordance with Article IV.

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VIII. GENERAL PROVISIONS

8.1 Administration. This compensation program shall be administered by the Compensation Committee or its delegee. All actions by Newmont Mining under this program shall be taken by the Compensation Committee or its delegee. The Compensation Committee shall interpret the provisions of this program in its full and absolute discretion. All determinations and actions of the Compensation Committee with respect to this program shall be taken or made in its full and absolute discretion in accordance with the terms of this program and shall be final, binding and conclusive on all persons.

8.2 Plan Unfunded. This compensation program shall be unfunded and no trust or other funding mechanism shall be established for this program. All benefits to be paid pursuant to this program shall be paid by Newmont Mining or another Participating Employer from its respective general assets, and an eligible Employee or Terminated Eligible Employee (or his heir or devisee) shall not have any greater rights than a general, unsecured creditor against Newmont Mining or another Participating Employer, as applicable, for any amounts payable hereunder.

8.3 Amount Payable Upon Death of Employee. If an eligible Employee who is entitled to payment hereunder dies after becoming eligible for payment but before receiving full payment of the amount due, or if an eligible Employee dies and becomes a Terminated Eligible Employee, all amounts due shall be paid as soon as practicable after the death of such eligible Employee or Terminated Eligible Employee to the beneficiary or beneficiaries designated by such eligible Employee or Terminated Eligible Employee to receive life insurance proceeds under Newmont Mining’s life insurance plan. In the absence of an effective beneficiary designation under such plan, any amount payable hereunder following the death of such eligible Employee or Terminated Eligible Employee shall be paid to his or her estate.

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8.4 Reimbursement. The Compensation Committee, to the full extent permitted by governing law, shall have the discretion to require reimbursement of any portion of a Strategic Stock Unit Bonus, Performance Leveraged Stock Bonus, and AICP Corporate Performance Bonus previously paid to an eligible Employee pursuant to the terms of this compensation program if: a) the amount of such Strategic Stock Unit Bonus, Performance Leveraged Stock Bonus, or AICP Corporate Performance Bonus was calculated based upon the achievement of certain financial results that were subsequently the subject of a restatement, and b) the amount of such Strategic Stock Unit Bonus, Performance Leveraged Stock Bonus, or AICP Corporate Performance Bonus that would have been awarded to the eligible Employee had the financial results been reported as in the restatement would have been lower than the Strategic Stock Unit Bonus, Performance Leveraged Stock Bonus, or AICP Corporate Performance Bonus actually awarded. Additionally, the Compensation Committee, to the full extent permitted by governing law, shall have the discretion to require reimbursement of any portion of a Strategic Stock Unit Bonus, Performance Leveraged Stock Bonus, AICP Corporate Performance Bonus and Strategic Objective Bonus previously paid to an eligible Employee pursuant to the terms of this compensation program if the eligible employee is terminated for cause as defined in the Executive Change of Control Plan of Newmont.

8.5 Withholding Taxes. All bonuses payable hereunder shall be subject to the withholding of such amounts as Newmont Mining or a Participating Employer may determine is required to be withheld pursuant to any applicable federal, state or local law or regulation. The Compensation Committee may, in its sole discretion, permit eligible Employees to satisfy the minimum withholding applicable to the portion of the bonus payable in shares of Common Stock or Performance Stock by causing Newmont Mining to withhold the appropriate number of shares of Common Stock or Performance Stock from the bonus otherwise payable and to make the requisite withholding payments on behalf of the eligible Employee.

8.6 Issuance of Stock. Shares of Common Stock and Performance Stock issued under this compensation program may be issued pursuant to the provisions of any stock plan of Newmont Mining or as otherwise determined in the sole discretion of the Compensation Committee. All awards under this compensation program that consist of Common Stock or that are valued in whole or in part by reference to, or are otherwise based on, Common Stock, shall be treated as made under the 2005 Stock Incentive Plan as well as this compensation program and thereby subject to the applicable terms and conditions of the 2005 Stock Incentive Plan.

8.7 General Operation and Amendment. Notwithstanding anything contained in this compensation program to the contrary, this compensation program shall be administered and operated in accordance with any applicable laws and regulations including but not limited to laws affecting the timing of payment of any bonus under this compensation program.

8.8 Right of Offset. To the extent permitted by applicable law, Newmont Mining or a Participating Employer may, in its sole discretion, apply any bonus payments otherwise due and payable under this compensation program against debts of an eligible Employee to Newmont Mining or an Affiliated Entity. By accepting payments under this compensation program, all eligible Employees shall consent to the reduction of any compensation paid to the eligible Employee by Newmont Mining or an Affiliated Entity to the extent the eligible Employee receives an overpayment from this compensation program.

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8.9 Termination and Amendment. The Board may at any time amend, modify, suspend or terminate this compensation program; provided, however, that the Compensation Committee may, consistent with its administrative powers, waive or adjust provisions of this compensation program as it determines necessary from time to time. The Compensation Committee may amend the terms of any award theretofore granted hereunder, but no such amendment shall be inconsistent with the terms and conditions of this compensation program or materially impair the previously accrued rights of the eligible Employee to whom such award was granted with respect to such award without his or her consent, except such an amendment made to cause this program or such award to comply with applicable law, tax rules, stock exchange rules or accounting rules.

8.10 Severability. If any section, subsection or specific provision is found to be illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining provisions of this compensation program, and this compensation program shall be construed and enforced as if such illegal and invalid provision had never been set forth in this compensation program.

8.11 No Right to Employment. The establishment of this compensation program shall not be deemed to confer upon any eligible Employee any legal right to be employed by, or to be retained in the employ of, Newmont Mining, a Participating Employer or any Affiliated Entity, or to give any eligible Employee any right to receive any payment whatsoever, except as provided under this compensation program. All eligible Employees shall remain subject to discharge from employment to the same extent as if this compensation program had never been adopted.

8.12 Transferability. Any bonus payable hereunder is personal to the eligible Employee and may not be sold, exchanged, transferred, pledged, assigned or otherwise disposed of except by will or by the laws of descent and distribution.

8.13 Successors. This compensation program shall be binding upon and inure to the benefit of Newmont Mining and eligible Employees and their respective heirs, representatives and successors.

8.14 Governing Law. This compensation program and all agreements hereunder shall be construed in accordance with and governed by the laws of the State of Colorado, unless superseded by federal law.

8.15 Section 409A. It is the intention of Newmont Mining that awards and payments under this compensation program comply with or be exempt from Section 409A of the Code and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”), and Newmont Mining shall have complete discretion to interpret and construe this program and any related plan or agreement in any manner that establishes an exemption from (or compliance with) the requirements of Code Section 409A. If for any reason, such as imprecision in drafting, any provision of this program and/or any such plan or agreement does not accurately reflect its intended establishment of an exemption from (or compliance with) Code Section 409A, as demonstrated by consistent interpretations or other evidence of intent, such provision shall be considered ambiguous as to its exemption from (or compliance with) Code Section 409A and shall be interpreted by Newmont Mining in a manner consistent with such intent, as determined in the discretion of Newmont Mining. None of Newmont Mining nor any other Participating Employer shall be liable to any eligible Employee or any other person (i) if any provisions of this program do not satisfy an exemption from, or the conditions of, Code Section 409A, or (ii) as to any tax consequence expected, but not realized, by any eligible Employee or other person due to the receipt or payment of any award under this program.

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APPENDIX A

Target Strategic Stock Unit Bonus

Grade	Percentage of Base Salary
E-1	166.7%
E-2	—
E-3 Chief Operating Officer	125%
E-3 Executive Vice President Sustainability and External Affairs	116.7%
E-3 Executive Vice President and Chief Financial Officer and Executive Vice President Strategic Development	100%
E-3 Executive Vice President, Human Resources and Communications	90%
E-4	55%

APPENDIX A-1

EBITDA Payout Percentage

Actual EBITDA Performance Compared to Target EBITDA Performance	EBITDA Payout Percentage
112.5% and above	150% payout
100%-112.5% of target	100% payout plus an increase of 4% of target payout for every percent above 100% of target EBITDA performance
75%-100% of target	50% payout plus an increase of 2% of target payout for every percent above 75% of target EBITDA performance.
Below 75% of target	No payout

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APPENDIX B

Employee Target AICP Corporate Performance Bonus

Grade	Percentage of Base Salary
E-1	75%
E-2	—
E-3 Chief Operating Officer	50%
E-3 Executive Vice President Sustainability and External Affairs	47.5%
E-3 Executive Vice President and Chief Financial Officer and Executive Vice President, Strategic Development	45%
E-3 Executive Vice President, Human Resources and Communications	42.5%
E-4 (excluding Regional Senior Vice Presidents of operating sites)	37.5%
E-4 Regional Senior Vice Presidents of operating sites	37.5% (25% of target is based upon AICP Corporate Performance and 75% of target is based upon applicable regional bonus plan)

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APPENDIX C

Maximum Strategic Objectives Bonuses

Pay Grade	Maximum Strategic Objectives Bonus as a Percentage of Base Salary (which constitutes the Eligible Earnings for the year as defined in the AICP)
E-1	150%
E-2	—
E-3 Chief Operating Officer	100%
E-3 Executive Vice President Sustainability and External Affairs	95%
E-3 Executive Vice President and Chief Financial Officer and Executive Vice President, Strategic Development	90%
E-3 Executive Vice President, Human Resources and Communications	85%
E-4	75%

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APPENDIX D

Target Performance Leveraged Stock Bonus

Grade	Percentage of Base Salary
E-1	333.3%
E-2	—
E-3 Chief Operating Officer	250%
E-3 Executive Vice President Sustainability and External Affairs	233.3%
E-3 Executive Vice President and Chief Financial Officer and Executive Vice President, Strategic Development	200%
E-3 Executive Vice President, Human Resources and Communications	180%
E-4	110%

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EX-10.3

Exhibit 10.3

NEWMONT

STRATEGIC STOCK UNIT BONUS PROGRAM FOR GRADES E-5 TO E-6

(Effective January 1, 2012)

NEWMONT

STRATEGIC STOCK UNIT BONUS

PROGRAM FOR GRADES E-5 TO E-6

(Effective as of January 1, 2012)

PURPOSE

The purpose of this program is to provide to Employees of Newmont Mining and its Affiliated Entities that participate in this program a more direct interest in the success of the operations of Newmont Mining. This program replaces the Employee Performance Incentive Compensation Program, which shall no longer be in effect. Employees of Newmont Mining and participating Affiliated Entities will be rewarded in accordance with the terms and conditions described below.

SECTION I-DEFINITIONS

The capitalized terms used in this program shall have the same meaning as the capitalized terms in the Annual Incentive Compensation Program, unless otherwise stated herein. In addition, the terms set forth in this Section shall have the meaning set forth below.

1.1 “Common Stock” means the $1.60 par value common stock of Newmont Mining Corporation.

1.2 “EBITDA Payout Percentage” means annual approved budgeted EBITDA for the Performance Period, as adjusted for gold price, exchange rates, one-time accounting adjustments or other items as approved by the Board, compared to actual adjusted EBITDA for the Performance Period calculated according to the scale stated in Appendix A-1.

1.3 “Performance Period” means the calendar year over which the EBITDA Payout Percentage shall be calculated for purposes of determining the amount of a Strategic Stock Unit Bonus. The Performance Period shall be the calendar year.

1.4 “Performance Stock” means the right to receive from Newmont Mining Common Stock or restricted stock units under terms and conditions defined in a restricted stock unit or other award agreement, as determined by the Compensation Committee.

1.5 “Retirement” means retirement as defined in the Pension Plan of Newmont Mining (or any successor plan), regardless of the relevant Employee’s participation in the Pension Plan of Newmont Mining (or any successor plan).

1.6 “Strategic Stock Unit Bonus” means the bonus payable to an eligible Employee in the form of Performance Stock under this compensation program with respect to a Performance Period (or portion thereof as provided in Section 3.2), which shall be determined by multiplying the eligible Employee’s Target Strategic Stock Unit Bonus times the EBITDA Payout Percentage. The Performance Stock awarded as a Strategic Stock Unit Bonus shall have terms and conditions, and shall be subject to such restrictions as defined by the Compensation Committee.

1.7 “Target Strategic Stock Unit Bonus” means the number of shares of Common Stock equivalent to the percentage of base salary (for calculation purposes, base salary shall be the applicable base salary of the Employee as of March 1 for the year in which the target number of shares is calculated) set by the Compensation Committee which is set forth in Appendix A, using the average of the high and low share price on the date such targets are set by the Compensation Committee.

1.8 “Terminated Eligible Employee” has the same meaning as stated in the Annual Incentive Compensation Program except that a Terminated Eligible Employee for purposes of this program shall not include employees provided severance or redundancy payments under any contract, statute or any severance plan of Newmont Mining or any Affiliated Entity, including but not limited to the Executive Severance Plan of Newmont.

SECTION II-ELIGIBILITY

All Employees of a Participating Employer in an executive grade level, except any Employee who is eligible for the Senior Executive Compensation Program, are eligible to receive a Strategic Stock Unit Bonus under this program, provided (i) they are on the payroll of a Participating Employer as of the last day of the relevant Performance Period, and at the time the award is granted, or (ii) they are a Terminated Eligible Employee with respect to such calendar year. Employees who are on short-term disability under the Short-Term Disability Plan of Newmont or a successor plan or not working because of a work-related injury as of the last day of the Performance Period shall be eligible to receive a bonus under this program. Notwithstanding the foregoing provisions of this Section II, the Compensation Committee or the Executive Vice President of Human Resources of Newmont Mining (or his or her delegate) may, prior to the end of any Performance Period, exclude from or include in eligibility for participation under this program with respect to such Performance Period any Employee or Employees.

SECTION III-STRATEGIC STOCK UNIT BONUS

3.1 Determination of Strategic Stock Unit Bonus—In General. The Strategic Stock Unit Bonus shall be calculated as soon as reasonably practicable after the Compensation Committee determines the EBITDA Payout Percentage. Following such determination, payment of the Strategic Stock Unit Bonus shall be made to eligible Employees as soon as reasonably practicable, in accordance with Section 3.3 and 3.5 below.

3.2 Separation of Employment and Payment of Strategic Stock Unit Bonus. Unless otherwise stated in this section 3.2, an eligible Employee shall not be entitled to payment of a Strategic Stock Unit Bonus on or after any separation of employment, voluntary or involuntary, prior to the payment of the Strategic Stock Bonus. In the event an eligible Employee separates employment from a Participating Employer as a result of death, Disability or Retirement prior to payment of the Strategic Stock Unit Bonus, such eligible Employee shall be a Terminated Eligible Employee and shall receive a Strategic Stock Unit Bonus equal to such Terminated Eligible Employee’s Target Strategic Stock Unit Bonus, pro-rated for the time of employment with a Participating Employer during the Performance Period, upon separation of employment.

3.3 Form of Payment. The amount of Strategic Stock Unit Bonus payable under this compensation program shall be paid in Performance Stock (payable in whole shares only rounded down to the nearest share). The Performance Stock shall be subject to the restrictions set forth in Section 3.4 below.

3.4 Restrictions on Performance Stock.

(a) Newmont Mining shall issue Performance Stock to eligible Employees for one-third of the Strategic Stock Unit Bonus without any restrictions as soon as practicable following the end of the Performance Period in the form of Common Stock. Newmont Mining shall issue Performance Stock, in the form of restricted stock units for the remainder of the Strategic Stock Unit Bonus and such restricted stock units shall have a two-year vesting period, with one-half of the Performance Stock in the form of restricted stock units vesting each year on the anniversary of the date of grant.

(b) Shares of Performance Stock issued hereunder in the form of restricted stock units as part of a Strategic Stock Unit Bonus shall not be subject to transfer by the eligible Employee. Shares of Common Stock issued to an eligible Employee upon vesting of such restricted stock units may be freely transferred by the eligible Employee subject to all applicable laws, regulations and Newmont Mining policies.

3.5 Timing of Payment. Except as provided in section 3.2 above, payment of the Strategic Stock Unit Bonus will be made no later than the 15^th day of the third month following the Performance Period to which such Strategic Stock Unit Bonus relates.

3.6 Withholding Taxes. All bonuses payable hereunder shall be subject to the withholding of such amounts as Newmont Mining or Participating Employer may determine is required to be withheld pursuant to any applicable federal, state or local law or regulation.

IV. GENERAL PROVISIONS

4.1 Administration. This compensation program shall be administered by the Compensation Committee or its delegee. All actions by Newmont Mining under this program shall be taken by the Compensation Committee or its delegee. The Compensation Committee shall interpret the provisions of this program in its full and absolute discretion. All determinations and actions of the Compensation Committee with respect to this program shall be taken or made in its full and absolute discretion in accordance with the terms of this program and shall be final, binding and conclusive on all persons.

4.2 Plan Unfunded. This compensation program shall be unfunded and no trust or other funding mechanism shall be established for this program. All benefits to be paid pursuant to this program shall be paid by Newmont Mining or another Participating Employer from its respective general assets, and an eligible Employee or Terminated Eligible Employee (or his heir or devisee) shall not have any greater rights than a general, unsecured creditor against Newmont Mining or another Participating Employer, as applicable, for any amounts payable hereunder.

4.3 Amount Payable Upon Death of Employee. If an eligible Employee who is entitled to payment hereunder dies after becoming eligible for payment but before receiving full payment of the amount due, or if an eligible Employee dies and becomes a Terminated Eligible Employee, all amounts due shall be paid as soon as practicable after the death of such eligible Employee or Terminated Eligible Employee to the beneficiary or beneficiaries designated by such eligible Employee or Terminated Eligible Employee to receive life insurance proceeds under Newmont Mining’s life insurance plan. In the absence of an effective beneficiary designation under such plan, any amount payable hereunder following the death of such eligible Employee or Terminated Eligible Employee shall be paid to his or her estate.

4.4 Reimbursement. The Compensation Committee, to the full extent permitted by governing law, shall have the discretion to require reimbursement of any portion of a Strategic Stock Unit Bonus previously paid to an eligible Employee pursuant to the terms of this compensation program if: a) the amount of such Strategic Stock Unit Bonus was calculated based upon the achievement of certain financial results that were subsequently the subject of a restatement, and b) the amount of such Strategic Stock Unit Bonus that would have been awarded to the eligible Employee had the financial results been reported as in the restatement would have been lower than the Strategic Stock Unit Bonus actually awarded. Additionally, the Compensation Committee, to the full extent permitted by governing law, shall have the discretion to require reimbursement of any portion of a Strategic Stock Unit Bonus previously paid to an eligible Employee pursuant to the terms of this compensation program if the eligible employee is terminated for cause as defined in the applicable Executive Change of Control Plan of Newmont.

4.5 Withholding Taxes. All bonuses payable hereunder shall be subject to the withholding of such amounts as Newmont Mining or a Participating Employer may determine is required to be withheld pursuant to any applicable federal, state or local law or regulation. The Compensation Committee may, in its sole discretion, permit eligible Employees to satisfy the minimum withholding applicable to the portion of the bonus payable in shares of Common Stock or Performance Stock by causing Newmont Mining to withhold the appropriate number of shares of Common Stock or Performance Stock from the bonus otherwise payable and to make the requisite withholding payments on behalf of the eligible Employee.

4.6 Issuance of Stock. Shares of Common Stock and Performance Stock issued under this compensation program may be issued pursuant to the provisions of any stock plan of Newmont Mining or as otherwise determined in the sole discretion of the Compensation Committee. All awards under this compensation program that consist of Common Stock or that are valued in whole or in part by reference to, or are otherwise based on, Common Stock, shall be treated as made under the 2005 Stock Incentive Plan as well as this compensation program and thereby subject to the applicable terms and conditions of the 2005 Stock Incentive Plan.

4.7 General Operation and Amendment. Notwithstanding anything contained in this compensation program to the contrary, this compensation program shall be administered and operated in accordance with any applicable laws and regulations including but not limited to laws affecting the timing of payment of any bonus under this compensation program.

4.8 Right of Offset. To the extent permitted by applicable law, Newmont Mining or a Participating Employer may, in its sole discretion, apply any bonus payments otherwise due and payable under this compensation program against debts of an eligible Employee to Newmont Mining or an Affiliated Entity. By accepting payments under this compensation program, all eligible Employees shall consent to the reduction of any compensation paid to the eligible Employee by Newmont Mining or an Affiliated Entity to the extent the eligible Employee receives an overpayment from this compensation program.

4.9 Termination and Amendment. The Board may at any time amend, modify, suspend or terminate this compensation program; provided, however, that the Compensation Committee may, consistent with its administrative powers, waive or adjust provisions of this compensation program as it determines necessary from time to time. The Compensation Committee may amend the terms of any award theretofore granted hereunder, but no such amendment shall be inconsistent with the terms and conditions of this compensation program or materially impair the previously accrued rights of the eligible Employee to whom such award was granted with respect to such award without his or her consent, except such an amendment made to cause this program or such award to comply with applicable law, tax rules, stock exchange rules or accounting rules.

4.10 Severability. If any section, subsection or specific provision is found to be illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining provisions of this compensation program, and this compensation program shall be construed and enforced as if such illegal and invalid provision had never been set forth in this compensation program.

4.11 No Right to Employment. The establishment of this compensation program shall not be deemed to confer upon any eligible Employee any legal right to be employed by, or to be retained in the employ of, Newmont Mining, a Participating Employer or any Affiliated Entity, or to give any eligible Employee any right to receive any payment whatsoever, except as provided under this compensation program. All eligible Employees shall remain subject to discharge from employment to the same extent as if this compensation program had never been adopted.

4.12 Transferability. Any bonus payable hereunder is personal to the eligible Employee and may not be sold, exchanged, transferred, pledged, assigned or otherwise disposed of except by will or by the laws of descent and distribution.

4.13 Successors. This compensation program shall be binding upon and inure to the benefit of Newmont Mining and eligible Employees and their respective heirs, representatives and successors.

4.14 Governing Law. This compensation program and all agreements hereunder shall be construed in accordance with and governed by the laws of the State of Colorado, unless superseded by federal law.

4.15 Section 409A. It is the intention of Newmont Mining that awards and payments under this compensation program comply with or be exempt from Section 409A of the Code and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”), and Newmont Mining shall have complete discretion to interpret and construe this program and any related plan or agreement in any manner that establishes an exemption from (or compliance with) the requirements of Code Section 409A. If for any reason, such as imprecision in drafting, any provision of this program and/or any such plan or agreement does not accurately reflect its intended establishment of an exemption from (or compliance with) Code Section 409A, as demonstrated by consistent interpretations or other evidence of intent, such provision shall be considered ambiguous as to its exemption from (or compliance with) Code Section 409A and shall be interpreted by Newmont Mining in a manner consistent with such intent, as determined in the discretion of Newmont Mining. None of Newmont Mining nor any other Participating Employer shall be liable to any eligible Employee or any other person (i) if any provisions of this program do not satisfy an exemption from, or the conditions of, Code Section 409A, or (ii) as to any tax consequence expected, but not realized, by any eligible Employee or other person due to the receipt or payment of any award under this program.

APPENDIX A

Targeted Payout Percentages

Grade	Payout Percentage
E-5	60%
E-6	40%

APPENDIX A-1

EBITDA Payout Percentage

Actual EBITDA Performance Compared to Target EBITDA Performance	EBITDA Payout Percentage
112.5% and above	150% payout
100%-112.5% of target	100% payout plus an increase of 4% of target payout for every percent above 100% of target EBITDA performance
75%-100% of target	50% payout plus an increase of 2% of target payout for every percent above 75% of target EBITDA performance.
Below 75% of target	No payout

EX-10.4

Exhibit 10.4

TRANSITION AGREEMENT

I. RECITALS

A. This AGREEMENT, which is effective on the EFFECTIVE DATE, is by and between Newmont International Services Limited and Guy Lansdown (hereinafter “EMPLOYEE”).

B. In consideration of the promises contained in this AGREEMENT, NEWMONT and EMPLOYEE agree as follows:

II. DEFINITIONS

The following definitions shall be applicable for the purposes of only this AGREEMENT:

A. “AGREEMENT” means this Transition Agreement.

B. “CLAIMS” means any debt, obligation, demand, application for attorneys’ fees and/or dispute resolution costs, cause of action, judgment, controversy or claim of any kind whatsoever between EMPLOYEE and NEWMONT, whether arising under common law or statute, including but not limited to claims for breach of contract (express or implied), quasi-contract, promissory estoppel, tort, fraud, misrepresentation, discrimination or any other legal theory; disputes relating to the employment relationship between the parties, termination thereof, or the interpretation of this AGREEMENT; any and all debts, obligations, claims, demands, compensation, or rights under the company’s employee benefit plans; claims under Title VII of the Civil Rights Act of 1964, as amended; claims under the Civil Rights Act of 1991; claims under the Family and Medical Leave Act of 1993; claims under the Age Discrimination in Employment Act of 1967, as amended; claims under 42 U.S.C. § 1981, § 1981a, § 1983, § 1985, or § 1988; claims under the Americans with Disabilities Act of 1990, as amended; claims under the Employee Retirement Income Security Act of 1974, as amended; claims under the Worker Adjustment and Retraining Notification Act; or any other applicable federal, state, or local statute or ordinance, excluding claims for workers’ compensation benefits and claims under the Fair Labor Standards Act of 1938, as amended.

C. “EFFECTIVE DATE” means the first date upon which all of the following have occurred: (1) EMPLOYEE has executed this AGREEMENT; (2) the revocation period, if any, has expired without revocation by EMPLOYEE and; (3) the executed agreement has been timely returned to Kelli McKeehan, Group Executive of Human Resources, Newmont, 6363 South Fiddlers Green Circle, Greenwood Village, CO 80111.

D. “EMPLOYEE” means Guy Lansdown.

E. “NEWMONT” means Newmont International Services Limited and any predecessor or current or former subsidiary, parent, affiliated company, or successor of any of them, or benefit plan maintained or participated in by any of them , and the current and former directors, officers, employees, shareholders and agents of any or all of them, unless otherwise specifically stated in this AGREEMENT.

III. COVENANTS

A. Transition Services. EMPLOYEE will continue his at-will employment with NEWMONT until August 15, 2012 (“Transition Period”), in a position designed to transfer EMPLOYEE’S duties as Executive Vice President of Discovery and Development to the designated leadership of NEWMONT. During the Transition Period, EMPLOYEE shall receive base salary at the same rate as EMPLOYEE’S base salary as of March 1, 2012, and EMPLOYEE shall be entitled to benefits under the health, welfare and retirement benefits of NEWMONT for which EMPLOYEE is eligible pursuant to the terms of such plans. However, EMPLOYEE agrees that as of the EFFECTIVE DATE of this AGREEMENT that he is not eligible for: 1) severance benefits of any kind under the Executive Severance Plan of Newmont, or any other severance plan of Newmont, and; 2) change of control benefits of any kind under the Executive Change of Control Plan of Newmont or any other change of control plan of Newmont.

B. Consideration for Transition Services. NEWMONT shall pay to EMPLOYEE: 1) a one-time cash lump sum amount of $1,012,550 on January 15, 2013, and; 2) a pro-rated (pro-rated to August 15, 2012) cash bonus determined according to the terms of the Senior Executive Compensation Program (“SECP”), based upon actual company performance for 2012 and target personal performance for 2012.

C. Employment Beyond Transition Period. On August 15, 2012, NEWMONT shall offer to EMPLOYEE a part-time at-will position with NEWMONT for at least 8 hours per week, or equivalent hours on an alternative schedule depending upon the nature of the assigned work. NEWMONT shall collaborate with EMPLOYEE to assign work to EMPLOYEE for the part-time position, including providing reasonable notice to EMPLOYEE of assigned work and associated travel, and taking into consideration commitments that EMPLOYEE has outside of NEWMONT. NEWMONT shall have the right to determine the cash compensation for the offered part-time role, and EMPLOYEE understands and agrees that the part-time at-will position shall not be eligible for: 1) a cash bonus (presently known as Annual Incentive Compensation Program) of any sort; 2) any kind of equity compensation, including but not limited to performance leveraged stock units, strategic stock units, restricted stock units, financial performance shares or stock options; 3) severance benefits of any kind, including but not limited to benefits under the Executive Severance Plan of Newmont and the Severance Plan of Newmont, and; 4) change of control benefits of any kind under the Executive Change of Control Plan of Newmont or any other change of control plan of Newmont. The part-time at-will offer of employment will be eligible for all other health, welfare and retirement benefits based upon the provisions of the applicable plan document.

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D. Treatment of Financial Performance Shares and Stock Options Granted as of December 31, 2011. All financial performance shares and stock options granted to EMPLOYEE as of December 31, 2011, shall continue to vest according to the terms of the award agreement, as long as EMPLOYEE continues employment with NEWMONT. If EMPLOYEE separates employment with NEWMONT for any reason other than cause, as defined in the Executive Severance Plan of Newmont, before February 15, 2014, NEWMONT shall apply the severance provision of the applicable equity award agreement.

E. Treatment of Performance Leveraged Stock Units. With respect to performance leveraged stock unit targets established in 2010, 2011 and 2012, EMPLOYEE shall be entitled to actual payout of such awards at the end of the performance period, if EMPLOYEE is employed at the time of payout with NEWMONT. If EMPLOYEE separates employment with NEWMONT for any reason other than cause as defined in the Executive Severance Plan of Newmont, before March 5, 2015, NEWMONT shall apply the severance treatment to any outstanding performance leveraged stock unit targets as stated in the SECP.

F. Health Insurance Benefits in the Event of Separation of Employment before February 15, 2014. If EMPLOYEE separates employment with NEWMONT for any reason other than cause, as defined in the Executive Severance Plan of Newmont, before February 15, 2014, NEWMONT shall pay EMPLOYEE’S costs for Consolidated Omnibus Reconciliation Act (“COBRA”) coverage for the remaining period of time up to February 15, 2014, if EMPLOYEE elects COBRA.

G. Alternative Employment after August 15, 2012. If EMPLOYEE accepts the offer of part-time employment with NEWMONT after August 15, 2012, and EMPLOYEE wants to accept employment or conduct consulting with any non-NEWMONT entity, EMPLOYEE shall provide a written request to NEWMONT specifying the proposed arrangement, nature of work and entity for which EMPLOYEE would work or consult. NEWMONT shall have the right to either grant or deny EMPLOYEE the right to accept the alternative employment or consulting, while maintaining continued employment with NEWMONT. NEWMONT’S decision shall be based upon its reasonable discretion, but in no event shall NEWMONT be required to grant EMPLOYEE the right to accept employment or consulting with a competitor of NEWMONT or if EMPLOYEE’S request presents a conflict of interest for EMPLOYEE, as determined in the reasonable discretion of NEWMONT.

H. Release of Claims By EMPLOYEE. As a material inducement to NEWMONT to enter into this AGREEMENT, EMPLOYEE, as a free and voluntary act, hereby forever releases and discharges NEWMONT from, and covenants not to sue NEWMONT for, CLAIMS which EMPLOYEE might have or assert against NEWMONT (1) by reason of EMPLOYEE’S employment by NEWMONT and all circumstances related thereto up to the EFFECTIVE DATE of this AGREEMENT; or (2) by reason of any other matter, cause or thing whatsoever which may have occurred between EMPLOYEE and NEWMONT prior to the EFFECTIVE DATE of this AGREEMENT, excluding claims regarding EMPLOYEE’s vested Pension or Savings Plan benefits.

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IV. ADDITIONAL PROVISIONS

A. Severability. In case any one or more of the provisions of this AGREEMENT shall be found to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired. Further, any provision found to be invalid, illegal or unenforceable shall be deemed, without further action on the part of the parties hereto, to be modified, amended and/or limited to the minimum extent necessary to render such clauses and/or provisions valid and enforceable.

B. Entire Agreement. This AGREEMENT supersedes all prior written and verbal promises and agreements between the parties. This AGREEMENT constitutes the entire agreement between the parties and may be amended, modified or superseded only by a written agreement signed by both parties. No oral statements by any employee of NEWMONT shall modify or otherwise affect the terms and provisions of this AGREEMENT.

C. Governing Law. This AGREEMENT shall be construed in accordance with the laws of the State of Colorado.

D. No Admission of Liability. NEWMONT denies that it has taken any improper action against EMPLOYEE in violation of any federal, state, or local law or common law principle. The parties agree that this AGREEMENT shall not be admissible in any proceeding as evidence of any improper conduct by NEWMONT.

E. Free and Voluntary Act. This release means, in part, that EMPLOYEE gives up all rights to damages and/or money based upon any claims against NEWMONT of age discrimination that arise through the date this AGREEMENT is signed. EMPLOYEE acknowledges that EMPLOYEE has been given at least twenty-one (21) days to consider this AGREEMENT and that EMPLOYEE has been advised to consult with an attorney prior to signing this AGREEMENT. EMPLOYEE may waive the balance of the twenty-one (21) day consideration period by signing this AGREEMENT sooner. EMPLOYEE further acknowledges that by law EMPLOYEE has the right to revoke (that is, cancel) this AGREEMENT within seven (7) calendar days of signing it. To be effective, EMPLOYEE’S revocation must be in writing and tendered to Kelli McKeehan, Group Executive of Human Resources, Newmont, 6363 South Fiddlers Green Circle, Greenwood Village, CO 80111, either by mail or by hand delivery within the seven (7) day period. If by mail, the revocation must be: 1) postmarked within the seven (7) day period; 2) properly addressed; and 3) sent by Certified Mail, Return Receipt Requested. In the event that EMPLOYEE exercises this right to revoke, EMPLOYEE agrees to return to NEWMONT any and all sums paid to EMPLOYEE in consideration of the AGREEMENT.

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F. No Other Representations. EMPLOYEE acknowledges that no promises or representations have been made to induce EMPLOYEE to sign this AGREEMENT other than as expressly set forth herein and that EMPLOYEE has signed this AGREEMENT as a free and voluntary act.

THIS IS A RELEASE – BY SIGNING, YOU ARE ACKNOWLEDGING THAT YOU

HAVE READ, UNDERSTAND, AND AGREE TO THE TERMS SET FORTH

ABOVE. BEFORE SIGNING YOU SHOULD READ CAREFULLY

AND CONSULT WITH AN ATTORNEY

NEWMONT		EMPLOYEE
By:	/s/ William N. MacGowan	/s/ Guy Lansdown
Title:	EVP, Human Resources
Date:	May 18, 2012	Date: May 15, 2012

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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)

	Six Months Ended June 30, 2012
Earnings:
Income before income and mining tax and other items (1)	$	1,593
Adjustments:
Fixed charges added to earnings		133
Dividends from equity affiliates		10
Amortization of capitalized interest		14
	$	1,750
Fixed Charges:
Net interest expense (2)	$	123
Portion of rental expense representative of interest		10
Fixed charges added to earnings		133
Capitalized interest		48
	$	181
Ratio of earnings to fixed charges		9.7

⁽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

July 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

July 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 June 30, 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

July 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 June 30, 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

July 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 June 30, 2012. The proposed assessments for the quarter ended June 30, 2012 were taken from the MSHA data retrieval system as of July 2, 2012.

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

• Section 104(a) S&S Citations: Citations received from MSHA under section 104(a) 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) S&S Citations and Orders: Citations and orders issued by MSHA under section 104(d) of the Mine Act for unwarrantable failure to comply with mandatory, significant and substantial 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(a)  S&S Citations(3)		Section 104(b) Orders		Section 104(d)  S&S Citations and Orders(3)		Section 110(b)(2) Violations		Section 107(a) Orders		($ in millions) Proposed MSHA Assessments(4)		Fatalities
Chukar		—		—		—		—		—	$	—		—
Deep Post		—		—		—		—		—	$	—		—
Emigrant		1		—		—		—		—	$	—		—
Exodus		—		—		—		—		—	$	—		—
Genesis		—		—		—		—		—	$	—		—
Leeville		18		—		2		—		—	$	—		—
Lone Tree		—		—		—		—		—	$	—		—
Midas		9		—		—		—		—	$	—		—
Mill 6		—		—		—		—		—	$	—		—
Pete Bajo		—		—		—		—		—	$	—		—
Phoenix		—		—		—		—		—	$	—		—
Sage Mill		—		—		—		—		—	$	—		—
South Area		1		—		—		—		—	$	—		—
Twin Creeks		3		—		—		—		—	$	—		—
Vista		—		—		—		—		—	$	—		—
TOTAL		32		—		2		—		—	$	—		—

(1) The table above reflects citations and orders issued to us by MSHA for the quarter ended June 30, 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) 32 Section 104(a) S&S Citations and 2 Section 104(d) S&S Citations and Orders were subject to contest as of June 30, 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. No proposed assessments of the orders or citations listed above had yet been posted to the MSHA data retrieval system or made available to the Company by MSHA as of July 2, 2012.

Pattern or Potential Pattern of Violations. During the quarter ended June 30, 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 June 30, 2012, together with the number of legal actions instituted and the number of legal actions resolved during 2012.

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Mine(1)	Pending Legal Actions as of 6/30/2012(2)		Legal Actions Instituted between April 1, 2012 and June 30, 2012		Legal Actions Resolved between April 1, 2012 and June 30, 2012
Chukar		—		—		—
Deep Post		—		—		—
Emigrant		—		—		—
Exodus		1		—		1
Genesis		2		2		2
Leeville		6		2		1
Lone Tree		—		—		—
Midas		7		2		1
Mill 6		—		—		1
Pete Bajo		—		—		—
Phoenix		2		—		—
Sage Mill		1		—		—
South Area		2		2		6
Twin Creeks		4		1		1
Vista		—		—		—
TOTAL		25		9		13

(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 June 30, 2012. The number of legal actions noted above are reported on a per docket basis.

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.

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• 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 June 30, 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		—		1		—		—		—		—
Exodus		—		17		—		—		—		—
Genesis		—		2		—		—		—		—
Leeville		3		15		—		1		—		—
Lone Tree		—		—		—		—		—		—
Midas		—		23		—		—		—		1
Mill 6		—		8		—		—		—		—
Pete Bajo		—		—		—		—		—		—
Phoenix		—		21		—		—		—		—
Sage Mill		—		1		—		—		—		—
South Area		—		9		—		1		—		—
Twin Creeks		—		10		—		—		—		—
Vista		—		—		—		—		—		—
TOTAL		3		107		—		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.

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Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2012

Stock Based Compensation (Tables) [Abstract]

Stock Option and Other Stock Based Compensation

NOTE 8    STOCK BASED COMPENSATION

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Stock options	$	3	$	7	$	7	$	10
Restricted stock units		6		11		11		21
Performance leveraged stock units		3		1		6		3
Strategic stock units		1		-		1		-
	$	13	$	19	$	25	$	34

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Condensed Consolidating Financial Statements (Tables)

6 Months Ended

Jun. 30, 2012

Condensed Consolidating Financial Statements (Tables) [Abstract]

Condensed Consolidating Statement of Income

		Three Months Ended June 30, 2012
										Newmont
		Newmont								Mining
		Mining		Newmont		Other				Corporation
Condensed Consolidating Statement of Income		Corporation		USA		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	1,383	$	846	$	-	$	2,229
Costs and expenses
	Costs applicable to sales (1)		-		550		464		(12)		1,002
	Amortization		-		135		113		-		248
	Reclamation and remediation		-		12		4		-		16
	Exploration		-		71		35		-		106
	Advanced projects, research and development		-		64		17		1		82
	General and administrative		-		44		2		11		57
	Other expense, net		-		42		84		-		126
			-		918		719		-		1,637
Other income (expense)
	Other income, net		(6)		12		30		-		36
	Interest income - intercompany		39		1		6		(46)		-
	Interest expense - intercompany		(3)		(1)		(42)		46		-
	Interest expense, net		(62)		(7)		(2)		-		(71)
			(32)		5		(8)		-		(35)
Income before income and mining tax and other items			(32)		470		119		-		557
Income and mining tax expense			11		(83)		(103)		-		(175)
Equity income (loss) of affiliates			300		(2)		50		(359)		(11)
Net income			279		385		66		(359)		371
Net income attributable to noncontrolling interests			-		(91)		(31)		30		(92)
Net income attributable to Newmont stockholders		$	279	$	294	$	35	$	(329)	$	279
Comprehensive income		$	(18)	$	357	$	(190)	$	(77)	$	72
Comprehensive income attributable to
	noncontrolling interests		-		(91)		(29)		30		(90)
Comprehensive income attributable to Newmont
	stockholders	$	(18)	$	266	$	(219)	$	(47)	$	(18)

		Three Months Ended June 30, 2011
										Newmont
		Newmont								Mining
		Mining		Newmont		Other				Corporation
Condensed Consolidating Statement of Income		Corporation		USA		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	1,468	$	916	$	-	$	2,384
Costs and expenses
	Costs applicable to sales (1)		-		551		375		(9)		917
	Amortization		-		156		94		-		250
	Reclamation and remediation		-		37		6		-		43
	Exploration		-		47		42		-		89
	Advanced projects, research and development		-		41		46		(1)		86
	General and administrative		-		39		1		10		50
	Other expense, net		-		67		20		-		87
			-		938		584		-		1,522
Other income (expense)
	Other income, net		(2)		41		9		-		48
	Interest income - intercompany		40		2		2		(44)		-
	Interest expense - intercompany		(3)		-		(41)		44		-
	Interest expense, net		(59)		(3)		(1)		-		(63)
			(24)		40		(31)		-		(15)
Income before income and mining tax and other items			(24)		570		301		-		847
Income and mining tax expense			5		(111)		(81)		-		(187)
Equity income (loss) of affiliates			406		2		50		(458)		-
Income from continuing operations			387		461		270		(458)		660
Loss from discontinued operations			-		7		(143)		-		(136)
Net income (loss)			387		468		127		(458)		524
Net income attributable to noncontrolling interests			-		(173)		30		6		(137)
Net income attributable to Newmont stockholders		$	387	$	295	$	157	$	(452)	$	387
Comprehensive income		$	308	$	419	$	230	$	(511)	$	446
Comprehensive income attributable to noncontrolling
	interests		-		(173)		29		6		(138)
Comprehensive income attributable to Newmont
	stockholders	$	308	$	246	$	259	$	(505)	$	308

		Six Months Ended June 30, 2012
										Newmont
		Newmont								Mining
		Mining		Newmont		Other				Corporation
Condensed Consolidating Statement of Income		Corporation		USA		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	3,000	$	1,912	$	-	$	4,912
Costs and expenses
	Costs applicable to sales (1)		-		1,113		929		(23)		2,019
	Amortization		-		265		214		-		479
	Reclamation and remediation		-		23		9		-		32
	Exploration		-		124		70		-		194
	Advanced projects, research and development		-		152		31		1		184
	General and administrative		-		86		3		22		111
	Other expense, net		-		89		157		-		246
			-		1,852		1,413		-		3,265
Other income (expense)
	Other income, net		(9)		25		53		-		69
	Interest income - intercompany		79		3		11		(93)		-
	Interest expense - intercompany		(8)		(1)		(84)		93		-
	Interest expense, net		(108)		(12)		(3)		-		(123)
			(46)		15		(23)		-		(54)
Income before income and mining tax and other items			(46)		1,163		476		-		1,593
Income and mining tax expense			16		(229)		(305)		-		(518)
Equity income (loss) of affiliates			799		(13)		117		(933)		(30)
Income from continuing operations			769		921		288		(933)		1,045
Loss from discontinued operations			-		4		(75)		-		(71)
Net income			769		925		213		(933)		974
Net income attributable to noncontrolling interests			-		(207)		(63)		65		(205)
Net income attributable to Newmont stockholders		$	769	$	718	$	150	$	(868)	$	769
Comprehensive income		$	478	$	898	$	(51)	$	(642)	$	683
Comprehensive income attributable to
	noncontrolling interests		-		(207)		(63)		65		(205)
Comprehensive income attributable to Newmont
	stockholders	$	478	$	691	$	(114)	$	(577)	$	478

		Six Months Ended June 30, 2011
										Newmont
		Newmont								Mining
		Mining		Newmont		Other				Corporation
Condensed Consolidating Statement of Income		Corporation		USA		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	2,986	$	1,863	$	-	$	4,849
Costs and expenses
	Costs applicable to sales (1)		-		1,117		759		(19)		1,857
	Amortization		-		315		191		-		506
	Reclamation and remediation		-		48		9		-		57
	Exploration		-		81		70		-		151
	Advanced projects, research and development		-		68		87		(1)		154
	General and administrative		-		73		2		20		95
	Other expense, net		-		121		39		-		160
			-		1,823		1,157		-		2,980
Other income (expense)
	Other income, net		(8)		67		20		-		79
	Interest income - intercompany		76		4		4		(84)		-
	Interest expense - intercompany		(6)		-		(78)		84		-
	Interest expense, net		(113)		(12)		(3)		-		(128)
			(51)		59		(57)		-		(49)
Income before income and mining tax and other items			(51)		1,222		649		-		1,820
Income and mining tax expense			15		(319)		(188)		-		(492)
Equity income (loss) of affiliates			937		3		139		(1,077)		2
Income (loss) from continuing operations			901		906		600		(1,077)		1,330
Income (loss) from discontinued operations			-		7		(143)		-		(136)
Net income			901		913		457		(1,077)		1,194
Net income attributable to noncontrolling interests			-		(365)		10		62		(293)
Net income attributable to Newmont stockholders		$	901	$	548	$	467	$	(1,015)	$	901
Comprehensive income		$	1,103	$	881	$	825	$	(1,410)	$	1,399
Comprehensive income attributable to noncontrolling
	interests		-		(365)		7		62		(296)
Comprehensive income attributable to Newmont
	stockholders	$	1,103	$	516	$	832	$	(1,348)	$	1,103

Condensed Consolidating Statement of Cash Flows

			Six Months Ended June 30, 2012
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
		Condensed Consolidating Statement of Cash Flows	Corporation		USA		Subsidiaries		Eliminations		Consolidated
Operating activities:
	Net income (loss)		$	769	$	925	$	213	$	(933)	$	974
	Adjustments			32		273		(480)		933		758
	Net change in operating assets and liabilities			(7)		(514)		(247)		-		(768)
Net cash provided from (used in) continuing operations				794		684		(514)		-		964
Net cash used in discontinued operations				-		-		(8)		-		(8)
Net cash provided from (used in) operations				794		684		(522)		-		956
Investing activities:
	Additions to property, plant and mine development			-		(1,090)		(488)		-		(1,578)
	Sale of marketable securities			-		-		106		-		106
	Purchases of marketable securities			-		(91)		(105)		-		(196)
	Acquisitions, net			-		-		(22)		-		(22)
	Proceeds from sale of other assets			-		9		4		-		13
	Other			-		-		(37)		-		(37)
Net cash used in investing activities				-		(1,172)		(542)		-		(1,714)
Financing activities:
	Net borrowings (repayments)			1,543		(136)		(5)		-		1,402
	Payment of conversion premium on debt			(172)		-		-		-		(172)
	Net intercompany borrowings (repayments)			(1,833)		692		1,141		-		-
	Dividends paid to common stockholders			(347)		-		-		-		(347)
	Dividends paid to noncontrolling interests			-		(3)		-		-		(3)
	Proceeds from stock issuance, net			15		-		-		-		15
	Other			-		-		(1)		-		(1)
Net cash provided from (used in) financing activities				(794)		553		1,135		-		894
Effect of exchange rate changes on cash				-		(1)		2		-		1
Net change in cash and cash equivalents				-		64		73		-		137
Cash and cash equivalents at beginning of period				-		1,526		234		-		1,760
Cash and cash equivalents at end of period			$	-	$	1,590	$	307	$	-	$	1,897

			Six Months Ended June 30, 2011
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
		Condensed Consolidating Statement of Cash Flows	Corporation		USA		Subsidiaries		Eliminations		Consolidated
Operating activities:
	Net income (loss)		$	901	$	913	$	457	$	(1,077)	$	1,194
	Adjustments			39		362		(729)		1,077		749
	Net change in operating assets and liabilities			(27)		(509)		(4)		-		(540)
Net cash provided from (used in) continuing operations				913		766		(276)		-		1,403
Net cash used in discontinued operations				-		-		(2)		-		(2)
Net cash provided from (used in) operations				913		766		(278)		-		1,401
Investing activities:
	Additions to property, plant and mine development			-		(671)		(349)		-		(1,020)
	Sale of marketable securities			-		55		-		-		55
	Purchases of marketable securities			-		-		(15)		-		(15)
	Acquisitions, net			-		-		(2,291)		-		(2,291)
	Proceeds from sale of other assets			-		(56)		62		-		6
	Other			-		-		(15)		-		(15)
Net cash used in investing activities				-		(672)		(2,608)		-		(3,280)
Financing activities:
	Net borrowings (repayments)			83		(276)		(5)		-		(198)
	Net intercompany borrowings (repayments)			(831)		(2,018)		2,849		-		-
	Dividends paid to common stockholders			(173)		-		-		-		(173)
	Dividends paid to noncontrolling interests			-		(17)		-		-		(17)
	Proceeds from stock issuance, net			8		-		-		-		8
	Other			-		1		(1)		-		-
Net cash provided from (used in) financing activities				(913)		(2,310)		2,843		-		(380)
Effect of exchange rate changes on cash				-		1		57		-		58
Net change in cash and cash equivalents				-		(2,215)		14		-		(2,201)
Cash and cash equivalents at beginning of period				-		3,877		179		-		4,056
Cash and cash equivalents at end of period			$	-	$	1,662	$	193	$	-	$	1,855

Condensed Consolidating Balance Sheet

			At June 30, 2012
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
Condensed Consolidating Balance Sheet			Corporation		USA		Subsidiaries		Eliminations		Consolidated
Assets
	Cash and cash equivalents		$	-	$	1,590	$	307	$	-	$	1,897
	Trade receivables			-		183		107		-		290
	Accounts receivable			3,854		4,642		293		(8,430)		359
	Investments			67		48		17		-		132
	Inventories			-		400		403		-		803
	Stockpiles and ore on leach pads			-		669		129		-		798
	Deferred income tax assets			5		250		-		-		255
	Other current assets			9		147		582		-		738
		Current assets		3,935		7,929		1,838		(8,430)		5,272
	Property, plant and mine development, net			-		7,675		9,293		(32)		16,936
	Investments			-		72		1,113		-		1,185
	Investments in subsidiaries			15,184		2		2,967		(18,153)		-
	Stockpiles and ore on leach pads			-		1,882		697		-		2,579
	Deferred income tax assets			800		833		53		-		1,686
	Other long-term assets			3,791		752		899		(4,440)		1,002
		Total assets	$	23,710	$	19,145	$	16,860	$	(31,055)	$	28,660
Liabilities
	Debt		$	-	$	30	$	10	$	-	$	40
	Accounts payable			4,420		3,161		1,321		(8,328)		574
	Employee-related benefits			-		206		87		-		293
	Income and mining taxes			-		53		120		-		173
	Other current liabilities			78		539		2,735		(2,065)		1,287
		Current liabilities		4,498		3,989		4,273		(10,393)		2,367
	Debt			6,047		1		40		-		6,088
	Reclamation and remediation liabilities			-		908		362		-		1,270
	Deferred income tax liabilities			-		601		1,455		-		2,056
	Employee-related benefits			5		370		112		-		487
	Other long-term liabilities			527		51		4,297		(4,472)		403
		Total liabilities		11,077		5,920		10,539		(14,865)		12,671
Equity
	Preferred stock			-		-		61		(61)		-
	Common stock			786		-		5		(5)		786
	Additional paid-in capital			8,012		3,050		5,698		(8,469)		8,291
	Accumulated other comprehensive income			361		(216)		905		(689)		361
	Retained earnings			3,474		6,776		(1,603)		(5,173)		3,474
	Newmont stockholders’ equity			12,633		9,610		5,066		(14,397)		12,912
	Noncontrolling interests			-		3,615		1,255		(1,793)		3,077
		Total equity		12,633		13,225		6,321		(16,190)		15,989
		Total liabilities and equity	$	23,710	$	19,145	$	16,860	$	(31,055)	$	28,660

			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

XML

Stockpiles and Ore on Leach Pads (Tables)

6 Months Ended

Jun. 30, 2012

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

Stockpiles and Ore on Leach Pads

NOTE 19    STOCKPILES AND ORE ON LEACH PADS

		At June 30,		At December 31,
		2012		2011
Current:
	Stockpiles	$	590	$	506
	Ore on leach pads		208		165
		$	798	$	671
Long-term:
	Stockpiles	$	2,187	$	1,904
	Ore on leach pads		392		367
		$	2,579	$	2,271

Stockpiles and Ore on Leach Pads, by Segment

NOTE 19    STOCKPILES AND ORE ON LEACH PADS

		At June 30,		At December 31,
		2012		2011
Stockpiles and ore on leach pads:
	Nevada	$	608	$	536
	La Herradura		21		6
	Yanacocha		591		512
	Boddington		456		435
	Batu Hijau		1,331		1,119
	Other Australia/New Zealand		165		161
	Ahafo		205		173
		$	3,377	$	2,942

XML

Inventories (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Summary of Inventories
In-process	$ 123	$ 159
Concentrate	192	116
Precious metals	36	12
Materials, supplies and other	452	427
Total Inventories	$ 803	$ 714

XML

Segment Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012		Jun. 30, 2011		Dec. 31, 2011
Financial Information of Newmont's Segments
Sales	$ 2,229		$ 2,384		$ 4,912		$ 4,849
Costs Applicable to Sales	1,002	[1]	917	[1]	2,019	[1]	1,857	[1]
Amortization	248		250		479		506
Advanced Projects and Exploration	188		175		378		305
Pre-Tax Income (Loss)	557		847		1,593		1,820
Totals Assets	28,660		28,638		28,660		28,638		27,474
Capital Expenditures					1,576		1,097
Segment Information (Textuals) [Abstract]
Change in accrued capital expenditures					2		77
Consolidated capital expenditures on a cash basis					1,578		1,020
Nevada [Member]
Financial Information of Newmont's Segments
Sales	571		529		1,294		1,111
Costs Applicable to Sales	258		224		525		496
Amortization	47		56		100		128
Advanced Projects and Exploration	43		38		77		55
Pre-Tax Income (Loss)	217		195		586		411
Totals Assets	7,280		6,797		7,280		6,797
Capital Expenditures					370		228
La Herradura [Member]
Financial Information of Newmont's Segments
Sales	93		81		186		146
Costs Applicable to Sales	33		27		65		45
Amortization	6		5		11		9
Advanced Projects and Exploration	11		3		17		9
Pre-Tax Income (Loss)	46		44		91		80
Totals Assets	353		260		353		260
Capital Expenditures					29		41
Other North America [Member]
Financial Information of Newmont's Segments
Sales	0		0		0		0
Costs Applicable to Sales	0		0		0		0
Amortization	0		4		0		7
Advanced Projects and Exploration	1		53		1		97
Pre-Tax Income (Loss)	(54)		(8)		(106)		(58)
Totals Assets	199		2,294		199		2,294
Capital Expenditures					0		27
Total North America [Member]
Financial Information of Newmont's Segments
Sales	664		610		1,480		1,257
Costs Applicable to Sales	291		251		590		541
Amortization	53		65		111		144
Advanced Projects and Exploration	55		94		95		161
Pre-Tax Income (Loss)	209		231		571		433
Totals Assets	7,832		9,351		7,832		9,351
Capital Expenditures					399		296
Yanacocha [Member]
Financial Information of Newmont's Segments
Sales	614		524		1,208		886
Costs Applicable to Sales	177		190		338		343
Amortization	62		66		112		119
Advanced Projects and Exploration	18		11		35		17
Pre-Tax Income (Loss)	333		232		682		381
Totals Assets	2,775		2,634		2,775		2,634
Capital Expenditures					243		127
Conga [Member]
Financial Information of Newmont's Segments
Sales	0		0		0		0
Costs Applicable to Sales	0		0		0		0
Amortization	0		1		0		1
Advanced Projects and Exploration	12		7		39		10
Pre-Tax Income (Loss)	(12)		(7)		(39)		(11)
Totals Assets	1,462		562		1,462		562
Capital Expenditures					342		251
Other South America [Member]
Financial Information of Newmont's Segments
Sales	0		0		0		0
Costs Applicable to Sales	0		0		0		0
Amortization	0		0		0		0
Advanced Projects and Exploration	19		7		44		14
Pre-Tax Income (Loss)	(19)		(9)		(44)		(15)
Totals Assets	44		37		44		37
Capital Expenditures					0		0
Total South America [Member]
Financial Information of Newmont's Segments
Sales	614		524		1,208		886
Costs Applicable to Sales	177		190		338		343
Amortization	62		67		112		120
Advanced Projects and Exploration	49		25		118		41
Pre-Tax Income (Loss)	302		216		599		355
Totals Assets	4,281		3,233		4,281		3,233
Capital Expenditures					585		378
Boddington [Member]
Financial Information of Newmont's Segments
Sales	306		323		665		608
Costs Applicable to Sales	195		144		362		272
Amortization	61		38		99		73
Advanced Projects and Exploration	2		2		5		3
Pre-Tax Income (Loss)	37		140		180		244
Totals Assets	4,640		4,419		4,640		4,419
Capital Expenditures					52		75
Boddington [Member] | Gold [Member]
Financial Information of Newmont's Segments
Sales	264		269		562		501
Costs Applicable to Sales	157		117		294		217
Amortization	49		31		81		59
Boddington [Member] | Copper [Member]
Financial Information of Newmont's Segments
Sales	42		54		103		107
Costs Applicable to Sales	38		27		68		55
Amortization	12		7		18		14
Batu Hijau [Member]
Financial Information of Newmont's Segments
Sales	106		334		312		843
Costs Applicable to Sales	81		109		185		232
Amortization	17		25		36		52
Advanced Projects and Exploration	7		1		14		1
Pre-Tax Income (Loss)	(16)		186		32		509
Totals Assets	3,651		3,513		3,651		3,513
Capital Expenditures					61		88
Batu Hijau [Member] | Gold [Member]
Financial Information of Newmont's Segments
Sales	18		92		52		232
Costs Applicable to Sales	11		30		30		64
Amortization	3		7		6		14
Batu Hijau [Member] | Copper [Member]
Financial Information of Newmont's Segments
Sales	88		242		260		611
Costs Applicable to Sales	70		79		155		168
Amortization	14		18		30		38
Other Australia New Zealand [Member]
Financial Information of Newmont's Segments
Sales	331		375		758		790
Costs Applicable to Sales	182		158		372		324
Amortization	33		31		69		66
Advanced Projects and Exploration	18		10		33		22
Pre-Tax Income (Loss)	101		168		280		365
Totals Assets	1,348		1,124		1,348		1,124
Capital Expenditures					137		134
Other Asia Pacific [Member]
Financial Information of Newmont's Segments
Sales	0		0		0		0
Costs Applicable to Sales	0		0		0		0
Amortization	2		0		3		1
Advanced Projects and Exploration	4		5		10		6
Pre-Tax Income (Loss)	(9)		(34)		(4)		(34)
Totals Assets	606		625		606		625
Capital Expenditures					8		4
Total Asia Pacific [Member]
Financial Information of Newmont's Segments
Sales	743		1,032		1,735		2,241
Costs Applicable to Sales	458		411		919		828
Amortization	113		94		207		192
Advanced Projects and Exploration	31		18		62		32
Pre-Tax Income (Loss)	113		460		488		1,084
Totals Assets	10,245		9,681		10,245		9,681
Capital Expenditures					258		301
Ahafo [Member]
Financial Information of Newmont's Segments
Sales	208		218		489		465
Costs Applicable to Sales	76		65		172		145
Amortization	16		20		40		42
Advanced Projects and Exploration	11		8		22		15
Pre-Tax Income (Loss)	100		119		250		255
Totals Assets	1,328		1,037		1,328		1,037
Capital Expenditures					108		37
Akyem [Member]
Financial Information of Newmont's Segments
Sales	0		0		0		0
Costs Applicable to Sales	0		0		0		0
Amortization	0		0		0		0
Advanced Projects and Exploration	5		1		9		2
Pre-Tax Income (Loss)	(5)		(1)		(10)		(2)
Totals Assets	750		351		750		351
Capital Expenditures					189		67
Other Africa [Member]
Financial Information of Newmont's Segments
Sales	0		0		0		0
Costs Applicable to Sales	0		0		0		0
Amortization	0		0		0		0
Advanced Projects and Exploration	3		3		5		3
Pre-Tax Income (Loss)	(2)		(5)		(4)		(6)
Totals Assets	9		6		9		6
Capital Expenditures					0		0
Total Africa [Member]
Financial Information of Newmont's Segments
Sales	208		218		489		465
Costs Applicable to Sales	76		65		172		145
Amortization	16		20		40		42
Advanced Projects and Exploration	19		12		36		20
Pre-Tax Income (Loss)	93		113		236		247
Totals Assets	2,087		1,394		2,087		1,394
Capital Expenditures					297		104
Corporate and Other [Member]
Financial Information of Newmont's Segments
Sales	0		0		0		0
Costs Applicable to Sales	0		0		0		0
Amortization	4		4		9		8
Advanced Projects and Exploration	34		26		67		51
Pre-Tax Income (Loss)	(160)		(173)		(301)		(299)
Totals Assets	4,215		4,979		4,215		4,979
Capital Expenditures					$ 37		$ 18

[1] (1) Excludes Amortization and Reclamation and remediation.

XML

Commitments and Contingencies (Details)	6 Months Ended													6 Months Ended							6 Months Ended
	Jun. 30, 2012 USD ($)	Jun. 30, 2012 PEN	Dec. 31, 2011 USD ($)	Jun. 30, 2010	Jun. 30, 2009	Mar. 31, 2008	Mar. 31, 2007	Mar. 31, 2006	Jun. 30, 2012 Yanacocha [Member]	Jun. 30, 2012 Batu Hijau [Member] USD ($)	Jun. 30, 2012 NUSA [Member]	Jun. 30, 2012 PTMDB [Member]	Jun. 30, 2012 PTNMR [Member]	Jun. 30, 2012 To PTPI From NIL NTMC [Member] USD ($)	Jun. 30, 2012 To NVL From PTPI [Member] USD ($)	Jun. 30, 2012 NWG Ownership In NewWest Gold [Member]	Jun. 30, 2012 Jacob Safra Ownership In NWG [Member]	Jun. 30, 2012 Fronteer Ownership In Aurora [Member]	Jun. 30, 2012 PTPI [Member]	Jun. 30, 2012 NMC [Member] USD ($)	Jun. 30, 2012 Minimum royalty payable year one [Member] USD ($)	Jun. 30, 2012 Minimum royalty payable year two [Member] USD ($)	Jun. 30, 2012 Minimum royalty payable year three [Member] USD ($)	Jun. 30, 2012 Minimum royalty payable year four [Member] USD ($)	Jun. 30, 2012 Minimum royalty payable year five [Member] USD ($)	Jun. 30, 2012 Minimum royalty payable thereafter [Member] USD ($)
Commitments and Contingencies (Textuals)
Accrued for reclamation obligations relating to mineral properties	$ 1,145,000,000		$ 1,070,000,000
Accrued reclamation operating costs current	45,000,000		47,000,000
Accrued obligation associated with former, primarily historic, mining activities	191,000,000		170,000,000
Range of reclamation and remediation liabilities upper limit	108.00%	108.00%
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	1,661,000,000		1,354,000,000
Legal damages														26,000,000	11,000,000
Conjecture Mine Site Reclamation																				$ 5,000,000

XML

Investments (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2012

Dec. 31, 2011

Investments (Tables) [Abstract]

Investment in Marketable Securities

NOTE 17    INVESTMENTS

			At June 30, 2012
			Cost/Equity		Unrealized				Fair/Equity
			Basis		Gain		Loss		Basis
Current:
	Marketable Equity Securities:
		Paladin Energy Ltd.	$	60	$	7	$	-	$	67
		Other		14		6		(3)		17
				74		13		(3)		84
	Marketable Debt Securities:
		Corporate		48		-		-		48
			$	122	$	13	$	(3)	$	132
Long-term:
	Marketable Debt Securities:
		Asset backed commercial paper	$	25	$	-	$	(6)	$	19
		Auction rate securities		8		-		(3)		5
		Corporate		48		2		-		50
				81		2		(9)		74
	Marketable Equity Securities:
		Canadian Oil Sands Ltd.		303		296		-		599
		Gabriel Resources Ltd.		76		1		-		77
		Regis Resources Ltd.		36		260		-		296
		Other		68		8		(12)		64
				483		565		(12)		1,036
	Other investments, at cost			12		-		-		12
	Investment in Affiliates:
		Euronimba Ltd.		2		-		-		2
		Minera La Zanja S.R.L.		61		-		-		61
			$	639	$	567	$	(21)	$	1,185

			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:
		Minera La Zanja S.R.L.		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 June 30, 2012		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Marketable equity securities	$	34	$	14	$	-	$	-	$	34	$	14
Asset backed commercial paper		-		-		19		6		19		6
Auction rate securities		-		-		5		3		5		3
	$	34	$	14	$	24	$	9	$	58	$	23
		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
Marketable equity securities	$	42	$	18	$	-	$	-	$	42	$	18
Asset backed commercial paper		-		-		19		6		19		6
Auction rate securities		-		-		5		2		5		2
	$	42	$	18	$	24	$	8	$	66	$	26

XML

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2012

Summary of Significant Accounting Policies [Abstract]

Recently Adopted Accounting Pronouncements

Recently Adopted Accounting Pronouncements

Goodwill Impairment

In September 2011, 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 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 previous 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.

XML

Debt (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Debt
Total Debt Current	$ 40		$ 689
Total Debt Non-Current	6,088		3,624
Debt (Textuals)
Long-term Debt of Registrant, Maturities, Repayments of Principal in Remainder of Fiscal Year	35
Long-term Debt, Maturities, Repayments of Principal in Year Two	10
Long-term Debt, Maturities, Repayments of Principal in Year Three	533
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	5,530
Line of Credit Facility, Maximum Borrowing Capacity	3,000
Line Of Credit Facility Maximum Borrowing Capacity Previous	2,500
Conversion Premium On Repayment Of Convertible Debt	172	0
Proceeds from Issuance of Long-term Debt	3,343	775
Current [Member]
Debt
Sale-leaseback of refractory ore treatment plant	30		165
Corporate revolving credit facility (due 2017)	0
Ahafo project finance 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 2017)			33
Ahafo project finance facility	40		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	0		514
Convertible Senior Notes Net Of Discount 2012 [Member] | Non-current [Member]
Debt
Convertible senior notes, net			0
Convertible Senior Notes Net Of Discount 2014 [Member] | Current [Member]
Debt
Convertible senior notes, net	0
Convertible Senior Notes Net Of Discount 2014 [Member] | Non-current [Member]
Debt
Convertible senior notes, net	523		512
Convertible Senior Notes Net Of Discount 2017 [Member] | Current [Member]
Debt
Convertible senior notes, net	0
Convertible Senior Notes Net Of Discount 2017 [Member] | Non-current [Member]
Debt
Convertible senior notes, net	461		452
Senior Notes Net Of Discount 2019 [Member] | Current [Member]
Debt
Senior notes, net	0
Senior Notes Net Of Discount 2019 [Member] | Non-current [Member]
Debt
Senior notes, net	897		896
Senior Notes Net Of Discount 2035 [Member] | Non-current [Member]
Debt
Senior notes, net	598		598
Senior Notes Net Of Discount 2039 [Member] | Non-current [Member]
Debt
Senior notes, net	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	0
Senior Notes Net of Discount 2022 [Member] | Non-current [Member]
Debt
Senior notes, net	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	$ 992

XML

Other Expense, Net (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Other Expense, Net
Hope Bay care and maintenance	$ 52	$ 0	$ 102	$ 0
Community development	20	23	51	40
Regional administration	29	21	50	37
Acquisition costs	12	20	12	21
Western Australia power plant	4	5	8	9
Indonesian value added tax settlement	0	0	0	21
Other	9	18	23	32
Other expense, total	$ 126	$ 87	$ 246	$ 160

XML

Supplemental Cash Flow Information (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Supplemental Cash Flow Information (Details) [Abstract]
Income and mining taxes, net of refunds	$ 746	$ 892
Interest, net of amounts capitalized	$ 105	$ 92

XML

Condensed Consolidating Financial Statements (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012		Jun. 30, 2011		Dec. 31, 2011
Condensed Consolidating Statement of Income
Sales	$ 2,229		$ 2,384		$ 4,912		$ 4,849
Costs and expenses
Costs applicable to sales	1,002	[1]	917	[1]	2,019	[1]	1,857	[1]
Amortization	248		250		479		506
Reclamation and remediation	16		43		32		57
Exploration	106		89		194		151
Advanced projects, research and development	82		86		184		154
General and administrative	57		50		111		95
Other expense, net	126		87		246		160
Total costs and expenses	1,637		1,522		3,265		2,980
Other income (expense)
Other income, net	36		48		69		79
Interest income-intercompany	0		0		0		0
Interest expense-intercompany	0		0		0		0
Interest expense, net	(71)		(63)		(123)		(128)
Total other income (expense)	(35)		(15)		(54)		(49)
Income before income and mining tax and other items	557		847		1,593		1,820
Income and mining tax expense	(175)		(187)		(518)		(492)
Equity income (loss) of affiliates	(11)		0		(30)		2
Income from continuing operations	371		660		1,045		1,330
Loss from discontinued operations	0		(136)		(71)		(136)
Net income	371		524		974		1,194
Net income attributable to noncontrolling interests	(92)		(137)		(205)		(293)
Net income attributable to Newmont stockholders	279		387		769		901
Comprehensive income	72		446		683		1,399
Comprehensive income attributable to noncontrolling interests	(90)		(138)		(205)		(296)
Comprehensive income attributable to Newmont stockholders	(18)		308		478		1,103
Operating activities:
Net income	371		524		974		1,194
Adjustments					758		749
Net change in operating assets and liabilities (Note 23)					(768)		(540)
Net cash provided from continuing operations					964		1,403
Net cash used in discontinued operations					(8)		(2)
Net cash provided from operations					956		1,401
Investing activities:
Additions to property, plant and mine development					(1,578)		(1,020)
Sale of marketable securities					106		55
Purchases of marketable securities					(196)		(15)
Acquisitions, net					(22)		(2,291)
Proceeds from sale of other assets					13		6
Other					(37)		(15)
Net cash used in investing activities					(1,714)		(3,280)
Financing activities:
Net borrowings (repayments)					1,402		(198)
Payment of conversion premium on debt					(172)		0
Net intercompany borrowings (repayments)					0		0
Dividends paid to common stockholders					(347)		(173)
Dividends paid to noncontrolling interests					(3)		(17)
Proceeds from stock issuance, net					15		8
Other					(1)		0
Net cash provided from (used in) financing activities					894		(380)
Effect of exchange rate changes on cash					1		58
Net change in cash and cash equivalents					137		(2,201)
Cash and cash equivalents at beginning of period					1,760		4,056
Cash and cash equivalents at end of period	1,897		1,855		1,897		1,855
Assets
Cash and cash equivalents	1,897		1,855		1,897		1,855
Trade receivables	290				290				300
Accounts receivable	359				359				320
Investments	132				132				94
Inventories	803				803				714
Stockpiles and ore on leach pads	798				798				671
Deferred income tax assets	255				255				396
Other current assets	738				738				1,133
Current assets	5,272				5,272				5,388
Property, plant and mine development, net	16,936				16,936				15,881
Investments	1,185				1,185				1,472
Investments in subsidiaries	0				0				0
Stockpiles and ore on leach pads	2,579				2,579				2,271
Deferred income tax assets	1,686				1,686				1,605
Other long-term assets	1,002				1,002				857
Total assets	28,660		28,638		28,660		28,638		27,474
Liabilities
Debt	40				40				689
Accounts payable	574				574				561
Employee-related benefits	293				293				307
Income and mining taxes	173				173				250
Other current liabilities	1,287				1,287				2,133
Current liabilities	2,367				2,367				3,940
Debt	6,088				6,088				3,624
Reclamation and remediation liabilities	1,270				1,270				1,169
Deferred income tax liabilities	2,056				2,056				2,147
Employee-related benefits	487				487				459
Other long-term liabilities	403				403				364
Total liabilities	12,671				12,671				11,703
Equity
Preferred stock	0				0				0
Common stock	786				786				784
Additional paid-in capital	8,291				8,291				8,408
Accumulated other comprehensive income	361				361				652
Retained earnings	3,474				3,474				3,052
Newmont stockholders' equity	12,912				12,912				12,896
Noncontrolling interests	3,077				3,077				2,875
Total equity	15,989		16,993		15,989		16,993		15,771
Total liabilities and equity	28,660				28,660				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		0		0
Costs and expenses
Costs applicable to sales	0		0		0		0
Amortization	0		0		0		0
Reclamation and remediation	0		0		0		0
Exploration	0		0		0		0
Advanced projects, research and development	0		0		0		0
General and administrative	0		0		0		0
Other expense, net	0		0		0		0
Total costs and expenses	0		0		0		0
Other income (expense)
Other income, net	(6)		(2)		(9)		(8)
Interest income-intercompany	39		40		79		76
Interest expense-intercompany	(3)		(3)		(8)		(6)
Interest expense, net	(62)		(59)		(108)		(113)
Total other income (expense)	(32)		(24)		(46)		(51)
Income before income and mining tax and other items	(32)		(24)		(46)		(51)
Income and mining tax expense	11		5		16		15
Equity income (loss) of affiliates	300		406		799		937
Income from continuing operations			387		769		901
Loss from discontinued operations			0		0		0
Net income	279		387		769		901
Net income attributable to noncontrolling interests	0		0		0		0
Net income attributable to Newmont stockholders	279		387		769		901
Comprehensive income	(18)		308		478		1,103
Comprehensive income attributable to noncontrolling interests	0		0		0		0
Comprehensive income attributable to Newmont stockholders	(18)		308		478		1,103
Operating activities:
Net income	279		387		769		901
Adjustments					32		39
Net change in operating assets and liabilities (Note 23)					(7)		(27)
Net cash provided from continuing operations					794		913
Net cash used in discontinued operations					0		0
Net cash provided from operations					794		913
Investing activities:
Additions to property, plant and mine development					0		0
Sale of marketable securities					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)					1,543		83
Payment of conversion premium on debt					(172)
Net intercompany borrowings (repayments)					(1,833)		(831)
Dividends paid to common stockholders					(347)		(173)
Dividends paid to noncontrolling interests					0		0
Proceeds from stock issuance, net					15		8
Other					0		0
Net cash provided from (used in) financing activities					(794)		(913)
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		0		0
Assets
Cash and cash equivalents	0		0		0		0
Trade receivables	0				0				0
Accounts receivable	3,854				3,854				1,415
Investments	67				67				72
Inventories	0				0				0
Stockpiles and ore on leach pads	0				0				0
Deferred income tax assets	5				5				134
Other current assets	9				9				0
Current assets	3,935				3,935				1,621
Property, plant and mine development, net	0				0				0
Investments	0				0				0
Investments in subsidiaries	15,184				15,184				14,675
Stockpiles and ore on leach pads	0				0				0
Deferred income tax assets	800				800				708
Other long-term assets	3,791				3,791				3,423
Total assets	23,710				23,710				20,427
Liabilities
Debt	0				0				514
Accounts payable	4,420				4,420				2,698
Employee-related benefits	0				0				0
Income and mining taxes	0				0				0
Other current liabilities	78				78				450
Current liabilities	4,498				4,498				3,662
Debt	6,047				6,047				3,578
Reclamation and remediation liabilities	0				0				0
Deferred income tax liabilities	0				0				0
Employee-related benefits	5				5				5
Other long-term liabilities	527				527				567
Total liabilities	11,077				11,077				7,812
Equity
Preferred stock	0				0				0
Common stock	786				786				784
Additional paid-in capital	8,012				8,012				8,127
Accumulated other comprehensive income	361				361				652
Retained earnings	3,474				3,474				3,052
Newmont stockholders' equity	12,633				12,633				12,615
Noncontrolling interests	0				0				0
Total equity	12,633				12,633				12,615
Total liabilities and equity	23,710				23,710				20,427
Newmont USA [Member]
Condensed Consolidating Statement of Income
Sales	1,383		1,468		3,000		2,986
Costs and expenses
Costs applicable to sales	550		551		1,113		1,117
Amortization	135		156		265		315
Reclamation and remediation	12		37		23		48
Exploration	71		47		124		81
Advanced projects, research and development	64		41		152		68
General and administrative	44		39		86		73
Other expense, net	42		67		89		121
Total costs and expenses	918		938		1,852		1,823
Other income (expense)
Other income, net	12		41		25		67
Interest income-intercompany	1		2		3		4
Interest expense-intercompany	(1)		0		(1)		0
Interest expense, net	(7)		(3)		(12)		(12)
Total other income (expense)	5		40		15		59
Income before income and mining tax and other items	470		570		1,163		1,222
Income and mining tax expense	(83)		(111)		(229)		(319)
Equity income (loss) of affiliates	(2)		2		(13)		3
Income from continuing operations			461		921		906
Loss from discontinued operations			7		4		7
Net income	385		468		925		913
Net income attributable to noncontrolling interests	(91)		(173)		(207)		(365)
Net income attributable to Newmont stockholders	294		295		718		548
Comprehensive income	357		419		898		881
Comprehensive income attributable to noncontrolling interests	(91)		(173)		(207)		(365)
Comprehensive income attributable to Newmont stockholders	266		246		691		516
Operating activities:
Net income	385		468		925		913
Adjustments					273		362
Net change in operating assets and liabilities (Note 23)					(514)		(509)
Net cash provided from continuing operations					684		766
Net cash used in discontinued operations					0		0
Net cash provided from operations					684		766
Investing activities:
Additions to property, plant and mine development					(1,090)		(671)
Sale of marketable securities					0		55
Purchases of marketable securities					(91)		0
Acquisitions, net					0		0
Proceeds from sale of other assets					9		(56)
Other					0		0
Net cash used in investing activities					(1,172)		(672)
Financing activities:
Net borrowings (repayments)					(136)		(276)
Payment of conversion premium on debt					0
Net intercompany borrowings (repayments)					692		(2,018)
Dividends paid to common stockholders					0		0
Dividends paid to noncontrolling interests					(3)		(17)
Proceeds from stock issuance, net					0		0
Other					0		1
Net cash provided from (used in) financing activities					553		(2,310)
Effect of exchange rate changes on cash					(1)		1
Net change in cash and cash equivalents					64		(2,215)
Cash and cash equivalents at beginning of period					1,526		3,877
Cash and cash equivalents at end of period	1,590		1,662		1,590		1,662
Assets
Cash and cash equivalents	1,590		1,662		1,590		1,662
Trade receivables	183				183				205
Accounts receivable	4,642				4,642				3,447
Investments	48				48				0
Inventories	400				400				333
Stockpiles and ore on leach pads	669				669				532
Deferred income tax assets	250				250				257
Other current assets	147				147				91
Current assets	7,929				7,929				6,391
Property, plant and mine development, net	7,675				7,675				6,917
Investments	72				72				29
Investments in subsidiaries	2				2				43
Stockpiles and ore on leach pads	1,882				1,882				1,641
Deferred income tax assets	833				833				838
Other long-term assets	752				752				641
Total assets	19,145				19,145				16,500
Liabilities
Debt	30				30				165
Accounts payable	3,161				3,161				1,327
Employee-related benefits	206				206				222
Income and mining taxes	53				53				45
Other current liabilities	539				539				459
Current liabilities	3,989				3,989				2,218
Debt	1				1				1
Reclamation and remediation liabilities	908				908				809
Deferred income tax liabilities	601				601				732
Employee-related benefits	370				370				355
Other long-term liabilities	51				51				61
Total liabilities	5,920				5,920				4,176
Equity
Preferred stock	0				0				0
Common stock	0				0				0
Additional paid-in capital	3,050				3,050				3,050
Accumulated other comprehensive income	(216)				(216)				(189)
Retained earnings	6,776				6,776				6,055
Newmont stockholders' equity	9,610				9,610				8,916
Noncontrolling interests	3,615				3,615				3,408
Total equity	13,225				13,225				12,324
Total liabilities and equity	19,145				19,145				16,500
Other Subsidiaries [Member]
Condensed Consolidating Statement of Income
Sales	846		916		1,912		1,863
Costs and expenses
Costs applicable to sales	464		375		929		759
Amortization	113		94		214		191
Reclamation and remediation	4		6		9		9
Exploration	35		42		70		70
Advanced projects, research and development	17		46		31		87
General and administrative	2		1		3		2
Other expense, net	84		20		157		39
Total costs and expenses	719		584		1,413		1,157
Other income (expense)
Other income, net	30		9		53		20
Interest income-intercompany	6		2		11		4
Interest expense-intercompany	(42)		(41)		(84)		(78)
Interest expense, net	(2)		(1)		(3)		(3)
Total other income (expense)	(8)		(31)		(23)		(57)
Income before income and mining tax and other items	119		301		476		649
Income and mining tax expense	(103)		(81)		(305)		(188)
Equity income (loss) of affiliates	50		50		117		139
Income from continuing operations			270		288		600
Loss from discontinued operations			(143)		(75)		(143)
Net income	66		127		213		457
Net income attributable to noncontrolling interests	(31)		30		(63)		10
Net income attributable to Newmont stockholders	35		157		150		467
Comprehensive income	(190)		230		(51)		825
Comprehensive income attributable to noncontrolling interests	(29)		29		(63)		7
Comprehensive income attributable to Newmont stockholders	(219)		259		(114)		832
Operating activities:
Net income	66		127		213		457
Adjustments					(480)		(729)
Net change in operating assets and liabilities (Note 23)					(247)		(4)
Net cash provided from continuing operations					(514)		(276)
Net cash used in discontinued operations					(8)		(2)
Net cash provided from operations					(522)		(278)
Investing activities:
Additions to property, plant and mine development					(488)		(349)
Sale of marketable securities					106		0
Purchases of marketable securities					(105)		(15)
Acquisitions, net					(22)		(2,291)
Proceeds from sale of other assets					4		62
Other					(37)		(15)
Net cash used in investing activities					(542)		(2,608)
Financing activities:
Net borrowings (repayments)					(5)		(5)
Payment of conversion premium on debt					0
Net intercompany borrowings (repayments)					1,141		2,849
Dividends paid to common stockholders					0		0
Dividends paid to noncontrolling interests					0		0
Proceeds from stock issuance, net					0		0
Other					(1)		(1)
Net cash provided from (used in) financing activities					1,135		2,843
Effect of exchange rate changes on cash					2		57
Net change in cash and cash equivalents					73		14
Cash and cash equivalents at beginning of period					234		179
Cash and cash equivalents at end of period	307		193		307		193
Assets
Cash and cash equivalents	307		193		307		193
Trade receivables	107				107				95
Accounts receivable	293				293				264
Investments	17				17				22
Inventories	403				403				381
Stockpiles and ore on leach pads	129				129				139
Deferred income tax assets	0				0				5
Other current assets	582				582				1,042
Current assets	1,838				1,838				2,182
Property, plant and mine development, net	9,293				9,293				8,990
Investments	1,113				1,113				1,443
Investments in subsidiaries	2,967				2,967				2,825
Stockpiles and ore on leach pads	697				697				630
Deferred income tax assets	53				53				59
Other long-term assets	899				899				927
Total assets	16,860				16,860				17,056
Liabilities
Debt	10				10				10
Accounts payable	1,321				1,321				1,343
Employee-related benefits	87				87				85
Income and mining taxes	120				120				205
Other current liabilities	2,735				2,735				3,186
Current liabilities	4,273				4,273				4,829
Debt	40				40				45
Reclamation and remediation liabilities	362				362				360
Deferred income tax liabilities	1,455				1,455				1,415
Employee-related benefits	112				112				99
Other long-term liabilities	4,297				4,297				3,895
Total liabilities	10,539				10,539				10,643
Equity
Preferred stock	61				61				61
Common stock	5				5				0
Additional paid-in capital	5,698				5,698				5,702
Accumulated other comprehensive income	905				905				1,168
Retained earnings	(1,603)				(1,603)				(1,744)
Newmont stockholders' equity	5,066				5,066				5,187
Noncontrolling interests	1,255				1,255				1,226
Total equity	6,321				6,321				6,413
Total liabilities and equity	16,860				16,860				17,056
Eliminations [Member]
Condensed Consolidating Statement of Income
Sales	0		0		0		0
Costs and expenses
Costs applicable to sales	(12)		(9)		(23)		(19)
Amortization	0		0		0		0
Reclamation and remediation	0		0		0		0
Exploration	0		0		0		0
Advanced projects, research and development	1		(1)		1		(1)
General and administrative	11		10		22		20
Other expense, net	0		0		0		0
Total costs and expenses	0		0		0		0
Other income (expense)
Other income, net	0		0		0		0
Interest income-intercompany	(46)		(44)		(93)		(84)
Interest expense-intercompany	46		44		93		84
Interest expense, net	0		0		0		0
Total other income (expense)	0		0		0		0
Income before income and mining tax and other items	0		0		0		0
Income and mining tax expense	0		0		0		0
Equity income (loss) of affiliates	(359)		(458)		(933)		(1,077)
Income from continuing operations			(458)		(933)		(1,077)
Loss from discontinued operations			0		0		0
Net income	(359)		(458)		(933)		(1,077)
Net income attributable to noncontrolling interests	30		6		65		62
Net income attributable to Newmont stockholders	(329)		(452)		(868)		(1,015)
Comprehensive income	(77)		(511)		(642)		(1,410)
Comprehensive income attributable to noncontrolling interests	30		6		65		62
Comprehensive income attributable to Newmont stockholders	(47)		(505)		(577)		(1,348)
Operating activities:
Net income	(359)		(458)		(933)		(1,077)
Adjustments					933		1,077
Net change in operating assets and liabilities (Note 23)					0		0
Net cash provided from continuing operations					0		0
Net cash used in discontinued operations					0		0
Net cash provided from operations					0		0
Investing activities:
Additions to property, plant and mine development					0		0
Sale of marketable securities					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		0
Proceeds from stock issuance, net					0		0
Other					0		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		0		0
Assets
Cash and cash equivalents	0		0		0		0
Trade receivables	0				0				0
Accounts receivable	(8,430)				(8,430)				(4,806)
Investments	0				0				0
Inventories	0				0				0
Stockpiles and ore on leach pads	0				0				0
Deferred income tax assets	0				0				0
Other current assets	0				0				0
Current assets	(8,430)				(8,430)				(4,806)
Property, plant and mine development, net	(32)				(32)				(26)
Investments	0				0				0
Investments in subsidiaries	(18,153)				(18,153)				(17,543)
Stockpiles and ore on leach pads	0				0				0
Deferred income tax assets	0				0				0
Other long-term assets	(4,440)				(4,440)				(4,134)
Total assets	(31,055)				(31,055)				(26,509)
Liabilities
Debt	0				0				0
Accounts payable	(8,328)				(8,328)				(4,807)
Employee-related benefits	0				0				0
Income and mining taxes	0				0				0
Other current liabilities	(2,065)				(2,065)				(1,962)
Current liabilities	(10,393)				(10,393)				(6,769)
Debt	0				0				0
Reclamation and remediation liabilities	0				0				0
Deferred income tax liabilities	0				0				0
Employee-related benefits	0				0				0
Other long-term liabilities	(4,472)				(4,472)				(4,159)
Total liabilities	(14,865)				(14,865)				(10,928)
Equity
Preferred stock	(61)				(61)				(61)
Common stock	(5)				(5)				0
Additional paid-in capital	(8,469)				(8,469)				(8,471)
Accumulated other comprehensive income	(689)				(689)				(979)
Retained earnings	(5,173)				(5,173)				(4,311)
Newmont stockholders' equity	(14,397)				(14,397)				(13,822)
Noncontrolling interests	(1,793)				(1,793)				(1,759)
Total equity	(16,190)				(16,190)				(15,581)
Total liabilities and equity	$ (31,055)				$ (31,055)				$ (26,509)

[1] (1) Excludes Amortization and Reclamation and remediation.

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Stockpiles and Ore on Leach Pads (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Stockpiles And Ore On Leach Pads [Line Items]
Current stockpiles and ore on leach pads	$ 798	$ 671
Long-term stockpiles and ore on leach pads	2,579	2,271
Total stockpiles and ore on leach pads	3,377	2,942
Nevada [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	608	536
La Herradura [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	21	6
Yanacocha [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	591	512
Boddington [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	456	435
Batu Hijau [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	1,331	1,119
Other Australia New Zealand [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	165	161
Ahafo [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Total stockpiles and ore on leach pads	205	173
Stockpiles [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Current stockpiles and ore on leach pads	590	506
Long-term stockpiles and ore on leach pads	2,187	1,904
Ore On Leach Pads [Member]
Stockpiles And Ore On Leach Pads [Line Items]
Current stockpiles and ore on leach pads	208	165
Long-term stockpiles and ore on leach pads	$ 392	$ 367

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Other Assets

6 Months Ended

Jun. 30, 2012

Other Asset [Abstract]

OTHER ASSETS

NOTE 20    OTHER ASSETS

		At June 30,		At December 31,
		2012		2011
Other current assets:
	Refinery metal inventory and receivable	$	393	$	796
	Prepaid assets		176		93
	Derivative instruments		105		127
	Restricted cash		2		20
	Note receivable		-		12
	Other		62		85
		$	738	$	1,133
Other long-term assets:
	Goodwill	$	188	$	188
	Income tax receivable		185		142
	Intangible assets		142		147
	Derivative instruments		122		112
	Restricted cash		91		48
	Debt issuance costs		79		59
	Other receivables		16		17
	Other		179		144
		$	1,002	$	857

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Debt (Tables)

6 Months Ended

Jun. 30, 2012

Debt (Tables) [Abstract]

Debt

NOTE 21    DEBT

	At June 30, 2012				At December 31, 2011
	Current		Non-Current		Current		Non-Current
Sale-leaseback of refractory ore treatment plant	$	30	$	-	$	165	$	-
Corporate revolving credit facility		-		-		-		33
2012 Convertible Senior Notes, net		-		-		514		-
2014 Convertible Senior Notes, net		-		523		-		512
2017 Convertible Senior Notes, net		-		461		-		452
2019 Senior Notes, net		-		897		-		896
2022 Senior Notes, net		-		1,489		-		-
2035 Senior Notes, net		-		598		-		598
2039 Senior Notes, net		-		1,087		-		1,087
2042 Senior Notes, net		-		992		-		-
Ahafo project finance facility		10		40		10		45
Other capital leases		-		1		-		1
	$	40	$	6,088	$	689	$	3,624

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Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2012

Income Per Common Share (Tables) [Abstract]

Income Per Common Share

				Three Months Ended June 30,				Six Months Ended June 30,
				2012		2011		2012		2011
Net income attributable to Newmont
	stockholders
			Continuing operations	$	279	$	523	$	840	$	1,037
			Discontinued operations		-		(136)		(71)		(136)
				$	279	$	387	$	769	$	901
Weighted average common shares:
	Basic				496		494		496		494
	Effect of employee stock-based awards				1		1		1		1
	Effect of convertible notes				1		6		5		6
	Diluted				498		501		502		501
Income per common share
		Basic:
			Continuing operations	$	0.56	$	1.06	$	1.69	$	2.10
			Discontinued operations		-		(0.28)		(0.14)		(0.28)
				$	0.56	$	0.78	$	1.55	$	1.82
		Diluted:
			Continuing operations	$	0.56	$	1.04	$	1.67	$	2.07
			Discontinued operations		-		(0.27)		(0.14)		(0.27)
				$	0.56	$	0.77	$	1.53	$	1.80

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Net Change in Operating Assets and Liabilities (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Decrease (increase) in operating assets:
Trade and accounts receivable	$ (14)	$ 121
Inventories, stockpiles and ore on leach pads	(443)	(230)
EGR refinery assets	406	(437)
Other assets	(43)	(67)
Increase (decrease) in operating liabilities:
Accounts payable and other accrued liabilities	(227)	(349)
EGR refinery liabilities	(406)	437
Reclamation liabilities	(41)	(15)
Net change in operating assets and liabilities (Note 23)	$ (768)	$ (540)

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Other Income, Net (Tables)

6 Months Ended

Jun. 30, 2012

Other Income, Net (Tables) [Abstract]

Other Income, Net

NOTE 6    OTHER INCOME, NET

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Income (loss) from developing projects, net	$	19	$	(4)	$	33	$	20
Reduction of allowance for loan receivable		-		-		21		-
Canadian Oil Sands		11		10		20		16
Gain on asset sales, net		-		-		10		3
Refinery income, net		2		-		7		-
Interest		2		2		7		6
Gain on sale of investments, net		-		50		-		50
Foreign currency exchange, net		12		(18)		(3)		(29)
Impairment of marketable securities		(8)		(1)		(32)		(1)
Other		(2)		9		6		14
	$	36	$	48	$	69	$	79

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Net Change in Operating Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2012

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

Net Change in Operating Assets and Liabilities

		Six Months Ended June 30,
		2012		2011
Decrease (increase) in operating assets:
	Trade and accounts receivable	$	(14)	$	121
	Inventories, stockpiles and ore on leach pads		(443)		(230)
	EGR refinery assets		406		(437)
	Other assets		(43)		(67)
Increase (decrease) in operating liabilities:
	Accounts payable and other accrued liabilities		(227)		(349)
	EGR refinery liabilities		(406)		437
	Reclamation liabilities		(41)		(15)
		$	(768)	$	(540)

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Fair Value Accounting (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended		6 Months Ended																						3 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012 Boddington Contingent Consideration [Member]	Jun. 30, 2012 Holt Property Royalty [Member]	Jun. 30, 2012 Foreign exchange forward contracts [Member]	Jun. 30, 2012 Diesel forward contracts [Member]	Jun. 30, 2012 Extractive industries [Member] Marketable Equity Securities [Member]	Jun. 30, 2012 Other Industries [Member] Marketable Equity Securities [Member]	Jun. 30, 2012 Asset Backed Commercial Paper [Member]	Dec. 31, 2011 Asset Backed Commercial Paper [Member]	Jun. 30, 2012 Asset Backed Commercial Paper [Member] Debt Securities [Member]	Jun. 30, 2012 Corporate Debt Securities [Member] Debt Securities [Member]	Jun. 30, 2012 Auction Rate Securities [Member]	Dec. 31, 2011 Auction Rate Securities [Member]	Jun. 30, 2012 Auction Rate Securities [Member] Debt Securities [Member]	Jun. 30, 2012 Trade receivable from provisional copper and gold concentrate sales, net [Member]	Jun. 30, 2012 Level 1 [Member]	Jun. 30, 2012 Level 1 [Member] Extractive industries [Member] Marketable Equity Securities [Member]	Jun. 30, 2012 Level 1 [Member] Other Industries [Member] Marketable Equity Securities [Member]	Jun. 30, 2012 Level 1 [Member] Trade receivable from provisional copper and gold concentrate sales, net [Member]	Jun. 30, 2012 Level 2 [Member]	Jun. 30, 2012 Level 2 [Member] Foreign exchange forward contracts [Member]	Jun. 30, 2012 Level 2 [Member] Diesel forward contracts [Member]	Jun. 30, 2012 Level 2 [Member] Corporate Debt Securities [Member] Debt Securities [Member]	Jun. 30, 2012 Level 3 [Member]	Jun. 30, 2012 Level 3 [Member] Boddington Contingent Consideration [Member]	Jun. 30, 2012 Level 3 [Member] Holt Property Royalty [Member]	Jun. 30, 2012 Level 3 [Member] Asset Backed Commercial Paper [Member] Debt Securities [Member]	Jun. 30, 2012 Level 3 [Member] Auction Rate Securities [Member] Debt Securities [Member]
Assets:
Cash equivalents	$ 503																$ 503
Marketable securities							1,110	10			19	98			5			1,110	10					98				19	5
Trade receivable from provisional copper and gold concentrate sales, net																179				179
Derivative instruments, net					223																	223
Fair value assets	2,147																1,802				321				24
Liabilities:
Derivative instruments, net						8																	8
Boddington contingent consideration			44																							44
Holt property royalty				243																							243
Fair value liabilities	295																								287
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. This contingent royalty is capped at $100, and at June 30, 2012, the Company has accrued the maximum of $100. At June 30, 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 approximate 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 approximate 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	97.00%
Business Acquisition, Contingent Consideration, Potential Cash Payment		100	100
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	(30)		(22)	(8)
Valuation	87		12	75																					12
Balance at end of period, liabilities	$ 287		$ 44	$ 243

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Income and Mining Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Income And Mining Taxes (Textuals) [Abstract]
Estimated Income and mining tax expense	$ 175	$ 187	$ 518	$ 492
Effective tax rate	32.00%	22.00%	33.00%	27.00%
United States statutory rate	35.00%	35.00%	35.00%	35.00%
Tax benefit generated on change in form of a non-U.S. subsidiary		(65)		(65)
Total unrecognized tax benefit			245
Unrecognized tax benefit, if recognized	28		28
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Lower Bound	20		20
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound	25		25
Income Tax Reconciliation [Abstract]
Income before income and mining tax and other items	557	847	1,593	1,820
Tax on income at statutory rate	35.00%	35.00%	35.00%	35.00%
Tax benefit generated on change in form of a non-U.S. subsidiary		8.00%		4.00%
Percentage depletion	6.00%	7.00%	7.00%	6.00%
Change in valuation allowance on deferred tax assets	(2.00%)		(3.00%)
Other	(1.00%)	(2.00%)	(2.00%)	(2.00%)
Income and mining tax expense	32.00%	22.00%	33.00%	27.00%
Tax on income at statutory rate	195	296	558	637
Tax benefit generated on change in form of a non-U.S. subsidiary		(65)		(65)
Percentage depletion	(34)	(56)	(108)	(111)
Change in valuation allowance on deferred tax assets	13		46
Other	1	12	22	31
Income and mining tax expense	$ 175	$ 187	$ 518	$ 492

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Inventories (Tables)

6 Months Ended

Jun. 30, 2012

Inventories (Tables) [Abstract]

Summary of Inventories

NOTE 18    INVENTORIES

	At June 30,		At December 31,
	2012		2011
In-process	$	123	$	159
Concentrate		192		116
Precious metals		36		12
Materials, supplies and other		452		427
	$	803	$	714

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Reclamation and Remediation

6 Months Ended

Jun. 30, 2012

Reclamation and Remediation [Abstract]

RECLAMATION AND REMEDIATION

NOTE 4    RECLAMATION AND REMEDIATION

At June 30, 2012 and December 31, 2011, $1,145and $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 June 30, 2012 and December 31, 2011, $191 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:

	Six Months Ended June 30,
	2012		2011
Balance at beginning of period	$	1,240	$	1,048
Additions, changes in estimates and other		105		32
Liabilities settled		(41)		(15)
Accretion expense		32		29
Balance at end of period	$	1,336	$	1,094

The current portion of Reclamation and remediation liabilities of $66 and $71 at June 30, 2012 and December 31, 2011, respectively, are included in Other current liabilities(see Note 22).

The Company's reclamation and remediation expenses consisted of:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Reclamation	$	-	$	28	$	-	$	28
Accretion - operating		13		13		27		25
Accretion - non-operating		3		2		5		4
	$	16	$	43	$	32	$	57

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Discontinued Operations (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Discontinued Operations Details [Abstract]
Loss from discontinued operations	$ 0	$ (136)	$ (71)	$ (136)
Loss from discontinued operations, income tax benefit			4
Net operating cash used in discontinued operations			$ (8)	$ (2)

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Changes in Equity (Tables)

6 Months Ended

Jun. 30, 2012

Changes in Equity (Tables) [Abstract]

Changes in Equity

NOTE 13    CHANGES IN EQUITY

			Six Months Ended June 30,
			2012		2011
Common stock:
	At beginning of period		$	784	$	778
		Stock based awards		2		2
	At end of period			786		780
Additional paid-in capital:
	At beginning of period			8,408		8,279
		Stock based awards		55		52
		Conversion premium on convertible notes		(172)		0
		Shares issued in exchange for exchangeable shares		0		(1)
	At end of period			8,291		8,330
Accumulated other comprehensive income:
	At beginning of period			652		1,108
		Other comprehensive income		(291)		202
	At end of period			361		1,310
Retained earnings:
	At beginning of period			3,052		3,180
		Net income attributable to Newmont stockholders		769		901
		Dividends paid		(347)		(173)
	At end of period			3,474		3,908
Noncontrolling interests:
	At beginning of period			2,875		2,371
		Net income attributable to noncontrolling interests		205		293
		Dividends paid		(3)		(2)
		Other comprehensive income		-		3
	At end of period			3,077		2,665
Total equity			$	15,989	$	16,993

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Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2012

Supplemental Cash Flow Information [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 24    SUPPLEMENTAL CASH FLOW INFORMATION

	Six Months Ended June 30,
	2012		2011
Income and mining taxes, net of refunds	$	746	$	892
Interest, net of amounts capitalized	$	105	$	92

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Net Change in Operating Assets and Liabilities

6 Months Ended

Jun. 30, 2012

Net Change in Operating Assets and Liabilities [Abstract]

NET CHANGE IN OPERATING ASSETS AND LIABILITIES

NOTE 23 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:

		Six Months Ended June 30,
		2012		2011
Decrease (increase) in operating assets:
	Trade and accounts receivable	$	(14)	$	121
	Inventories, stockpiles and ore on leach pads		(443)		(230)
	EGR refinery assets		406		(437)
	Other assets		(43)		(67)
Increase (decrease) in operating liabilities:
	Accounts payable and other accrued liabilities		(227)		(349)
	EGR refinery liabilities		(406)		437
	Reclamation liabilities		(41)		(15)
		$	(768)	$	(540)

XML

Reclamation and Remediation (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 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	32
Liabilities settled			(41)	(15)
Accretion expense			32	29
Balance at end of period	1,336	1,094	1,336	1,094
Reclamation and Remediation Expenses
Reclamation	0	28	0	28
Accretion - operating	13	13	27	25
Accretion - non-operating	3	2	5	4
Reclamation and remediation expense, total	16	43	32	57
Reclamation And Remediation (Textuals) [Abstract]
Accrued for reclamation obligations relating to mineral properties	1,145		1,145		1,070
Accrued obligation associated with former, primarily historic, mining activities	191		191		170
Reclamation and remediation liabilities	$ 66		$ 66		$ 71

XML

Fair Value Accounting (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Accounting (Tables) [Abstract]

Fair Value Measurement of Assets and Liabilities

			Fair Value at June 30, 2012
			Total		Level 1		Level 2		Level 3
Assets:
	Cash equivalents		$	503	$	503	$	-	$	-
	Marketable equity securities:
		Extractive industries		1,110		1,110		-		-
		Other		10		10		-		-
	Marketable debt securities:
		Asset backed commercial paper		19		-		-		19
		Corporate		98		-		98		-
		Auction rate securities		5		-		-		5
	Trade receivable from provisional copper
		and gold concentrate sales, net		179		179		-		-
	Derivative instruments, net:
		Foreign exchange forward contracts		223		-		223		-
			$	2,147	$	1,802	$	321	$	24
Liabilities:
	Diesel forward contracts			8		-		8		-
	Boddington contingent consideration			44		-		-		44
	Holt property royalty			243		-		-		243
			$	295	$	-	$	8	$	287

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		-		-		-		(22)		(8)		(30)
	Revaluation		-		-		-		12		75		87
Balance at end of period		$	5	$	19	$	24	$	44	$	243	$	287

XML

Condensed Consolidating Financial Statements

6 Months Ended

Jun. 30, 2012

Condensed Consolidating Financial Statements [Abstract]

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

NOTE 25    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 June 30, 2012
										Newmont
		Newmont								Mining
		Mining		Newmont		Other				Corporation
Condensed Consolidating Statement of Income		Corporation		USA		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	1,383	$	846	$	-	$	2,229
Costs and expenses
	Costs applicable to sales (1)		-		550		464		(12)		1,002
	Amortization		-		135		113		-		248
	Reclamation and remediation		-		12		4		-		16
	Exploration		-		71		35		-		106
	Advanced projects, research and development		-		64		17		1		82
	General and administrative		-		44		2		11		57
	Other expense, net		-		42		84		-		126
			-		918		719		-		1,637
Other income (expense)
	Other income, net		(6)		12		30		-		36
	Interest income - intercompany		39		1		6		(46)		-
	Interest expense - intercompany		(3)		(1)		(42)		46		-
	Interest expense, net		(62)		(7)		(2)		-		(71)
			(32)		5		(8)		-		(35)
Income before income and mining tax and other items			(32)		470		119		-		557
Income and mining tax expense			11		(83)		(103)		-		(175)
Equity income (loss) of affiliates			300		(2)		50		(359)		(11)
Net income			279		385		66		(359)		371
Net income attributable to noncontrolling interests			-		(91)		(31)		30		(92)
Net income attributable to Newmont stockholders		$	279	$	294	$	35	$	(329)	$	279
Comprehensive income		$	(18)	$	357	$	(190)	$	(77)	$	72
Comprehensive income attributable to
	noncontrolling interests		-		(91)		(29)		30		(90)
Comprehensive income attributable to Newmont
	stockholders	$	(18)	$	266	$	(219)	$	(47)	$	(18)

(1)Excludes Amortization and Reclamation and remediation.

		Three Months Ended June 30, 2011
										Newmont
		Newmont								Mining
		Mining		Newmont		Other				Corporation
Condensed Consolidating Statement of Income		Corporation		USA		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	1,468	$	916	$	-	$	2,384
Costs and expenses
	Costs applicable to sales (1)		-		551		375		(9)		917
	Amortization		-		156		94		-		250
	Reclamation and remediation		-		37		6		-		43
	Exploration		-		47		42		-		89
	Advanced projects, research and development		-		41		46		(1)		86
	General and administrative		-		39		1		10		50
	Other expense, net		-		67		20		-		87
			-		938		584		-		1,522
Other income (expense)
	Other income, net		(2)		41		9		-		48
	Interest income - intercompany		40		2		2		(44)		-
	Interest expense - intercompany		(3)		-		(41)		44		-
	Interest expense, net		(59)		(3)		(1)		-		(63)
			(24)		40		(31)		-		(15)
Income before income and mining tax and other items			(24)		570		301		-		847
Income and mining tax expense			5		(111)		(81)		-		(187)
Equity income (loss) of affiliates			406		2		50		(458)		-
Income from continuing operations			387		461		270		(458)		660
Loss from discontinued operations			-		7		(143)		-		(136)
Net income (loss)			387		468		127		(458)		524
Net income attributable to noncontrolling interests			-		(173)		30		6		(137)
Net income attributable to Newmont stockholders		$	387	$	295	$	157	$	(452)	$	387
Comprehensive income		$	308	$	419	$	230	$	(511)	$	446
Comprehensive income attributable to noncontrolling
	interests		-		(173)		29		6		(138)
Comprehensive income attributable to Newmont
	stockholders	$	308	$	246	$	259	$	(505)	$	308

(1)Excludes Amortization and Reclamation and remediation.

		Six Months Ended June 30, 2012
										Newmont
		Newmont								Mining
		Mining		Newmont		Other				Corporation
Condensed Consolidating Statement of Income		Corporation		USA		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	3,000	$	1,912	$	-	$	4,912
Costs and expenses
	Costs applicable to sales (1)		-		1,113		929		(23)		2,019
	Amortization		-		265		214		-		479
	Reclamation and remediation		-		23		9		-		32
	Exploration		-		124		70		-		194
	Advanced projects, research and development		-		152		31		1		184
	General and administrative		-		86		3		22		111
	Other expense, net		-		89		157		-		246
			-		1,852		1,413		-		3,265
Other income (expense)
	Other income, net		(9)		25		53		-		69
	Interest income - intercompany		79		3		11		(93)		-
	Interest expense - intercompany		(8)		(1)		(84)		93		-
	Interest expense, net		(108)		(12)		(3)		-		(123)
			(46)		15		(23)		-		(54)
Income before income and mining tax and other items			(46)		1,163		476		-		1,593
Income and mining tax expense			16		(229)		(305)		-		(518)
Equity income (loss) of affiliates			799		(13)		117		(933)		(30)
Income from continuing operations			769		921		288		(933)		1,045
Loss from discontinued operations			-		4		(75)		-		(71)
Net income			769		925		213		(933)		974
Net income attributable to noncontrolling interests			-		(207)		(63)		65		(205)
Net income attributable to Newmont stockholders		$	769	$	718	$	150	$	(868)	$	769
Comprehensive income		$	478	$	898	$	(51)	$	(642)	$	683
Comprehensive income attributable to
	noncontrolling interests		-		(207)		(63)		65		(205)
Comprehensive income attributable to Newmont
	stockholders	$	478	$	691	$	(114)	$	(577)	$	478

(1)Excludes Amortization and Reclamation and remediation.

		Six Months Ended June 30, 2011
										Newmont
		Newmont								Mining
		Mining		Newmont		Other				Corporation
Condensed Consolidating Statement of Income		Corporation		USA		Subsidiaries		Eliminations		Consolidated
Sales		$	-	$	2,986	$	1,863	$	-	$	4,849
Costs and expenses
	Costs applicable to sales (1)		-		1,117		759		(19)		1,857
	Amortization		-		315		191		-		506
	Reclamation and remediation		-		48		9		-		57
	Exploration		-		81		70		-		151
	Advanced projects, research and development		-		68		87		(1)		154
	General and administrative		-		73		2		20		95
	Other expense, net		-		121		39		-		160
			-		1,823		1,157		-		2,980
Other income (expense)
	Other income, net		(8)		67		20		-		79
	Interest income - intercompany		76		4		4		(84)		-
	Interest expense - intercompany		(6)		-		(78)		84		-
	Interest expense, net		(113)		(12)		(3)		-		(128)
			(51)		59		(57)		-		(49)
Income before income and mining tax and other items			(51)		1,222		649		-		1,820
Income and mining tax expense			15		(319)		(188)		-		(492)
Equity income (loss) of affiliates			937		3		139		(1,077)		2
Income (loss) from continuing operations			901		906		600		(1,077)		1,330
Income (loss) from discontinued operations			-		7		(143)		-		(136)
Net income			901		913		457		(1,077)		1,194
Net income attributable to noncontrolling interests			-		(365)		10		62		(293)
Net income attributable to Newmont stockholders		$	901	$	548	$	467	$	(1,015)	$	901
Comprehensive income		$	1,103	$	881	$	825	$	(1,410)	$	1,399
Comprehensive income attributable to noncontrolling
	interests		-		(365)		7		62		(296)
Comprehensive income attributable to Newmont
	stockholders	$	1,103	$	516	$	832	$	(1,348)	$	1,103

(1)Excludes Amortization and Reclamation and remediation.

			Six Months Ended June 30, 2012
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
		Condensed Consolidating Statement of Cash Flows	Corporation		USA		Subsidiaries		Eliminations		Consolidated
Operating activities:
	Net income (loss)		$	769	$	925	$	213	$	(933)	$	974
	Adjustments			32		273		(480)		933		758
	Net change in operating assets and liabilities			(7)		(514)		(247)		-		(768)
Net cash provided from (used in) continuing operations				794		684		(514)		-		964
Net cash used in discontinued operations				-		-		(8)		-		(8)
Net cash provided from (used in) operations				794		684		(522)		-		956
Investing activities:
	Additions to property, plant and mine development			-		(1,090)		(488)		-		(1,578)
	Sale of marketable securities			-		-		106		-		106
	Purchases of marketable securities			-		(91)		(105)		-		(196)
	Acquisitions, net			-		-		(22)		-		(22)
	Proceeds from sale of other assets			-		9		4		-		13
	Other			-		-		(37)		-		(37)
Net cash used in investing activities				-		(1,172)		(542)		-		(1,714)
Financing activities:
	Net borrowings (repayments)			1,543		(136)		(5)		-		1,402
	Payment of conversion premium on debt			(172)		-		-		-		(172)
	Net intercompany borrowings (repayments)			(1,833)		692		1,141		-		-
	Dividends paid to common stockholders			(347)		-		-		-		(347)
	Dividends paid to noncontrolling interests			-		(3)		-		-		(3)
	Proceeds from stock issuance, net			15		-		-		-		15
	Other			-		-		(1)		-		(1)
Net cash provided from (used in) financing activities				(794)		553		1,135		-		894
Effect of exchange rate changes on cash				-		(1)		2		-		1
Net change in cash and cash equivalents				-		64		73		-		137
Cash and cash equivalents at beginning of period				-		1,526		234		-		1,760
Cash and cash equivalents at end of period			$	-	$	1,590	$	307	$	-	$	1,897

			Six Months Ended June 30, 2011
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
		Condensed Consolidating Statement of Cash Flows	Corporation		USA		Subsidiaries		Eliminations		Consolidated
Operating activities:
	Net income (loss)		$	901	$	913	$	457	$	(1,077)	$	1,194
	Adjustments			39		362		(729)		1,077		749
	Net change in operating assets and liabilities			(27)		(509)		(4)		-		(540)
Net cash provided from (used in) continuing operations				913		766		(276)		-		1,403
Net cash used in discontinued operations				-		-		(2)		-		(2)
Net cash provided from (used in) operations				913		766		(278)		-		1,401
Investing activities:
	Additions to property, plant and mine development			-		(671)		(349)		-		(1,020)
	Sale of marketable securities			-		55		-		-		55
	Purchases of marketable securities			-		-		(15)		-		(15)
	Acquisitions, net			-		-		(2,291)		-		(2,291)
	Proceeds from sale of other assets			-		(56)		62		-		6
	Other			-		-		(15)		-		(15)
Net cash used in investing activities				-		(672)		(2,608)		-		(3,280)
Financing activities:
	Net borrowings (repayments)			83		(276)		(5)		-		(198)
	Net intercompany borrowings (repayments)			(831)		(2,018)		2,849		-		-
	Dividends paid to common stockholders			(173)		-		-		-		(173)
	Dividends paid to noncontrolling interests			-		(17)		-		-		(17)
	Proceeds from stock issuance, net			8		-		-		-		8
	Other			-		1		(1)		-		-
Net cash provided from (used in) financing activities				(913)		(2,310)		2,843		-		(380)
Effect of exchange rate changes on cash				-		1		57		-		58
Net change in cash and cash equivalents				-		(2,215)		14		-		(2,201)
Cash and cash equivalents at beginning of period				-		3,877		179		-		4,056
Cash and cash equivalents at end of period			$	-	$	1,662	$	193	$	-	$	1,855

			At June 30, 2012
											Newmont
			Newmont								Mining
			Mining		Newmont		Other				Corporation
Condensed Consolidating Balance Sheet			Corporation		USA		Subsidiaries		Eliminations		Consolidated
Assets
	Cash and cash equivalents		$	-	$	1,590	$	307	$	-	$	1,897
	Trade receivables			-		183		107		-		290
	Accounts receivable			3,854		4,642		293		(8,430)		359
	Investments			67		48		17		-		132
	Inventories			-		400		403		-		803
	Stockpiles and ore on leach pads			-		669		129		-		798
	Deferred income tax assets			5		250		-		-		255
	Other current assets			9		147		582		-		738
		Current assets		3,935		7,929		1,838		(8,430)		5,272
	Property, plant and mine development, net			-		7,675		9,293		(32)		16,936
	Investments			-		72		1,113		-		1,185
	Investments in subsidiaries			15,184		2		2,967		(18,153)		-
	Stockpiles and ore on leach pads			-		1,882		697		-		2,579
	Deferred income tax assets			800		833		53		-		1,686
	Other long-term assets			3,791		752		899		(4,440)		1,002
		Total assets	$	23,710	$	19,145	$	16,860	$	(31,055)	$	28,660
Liabilities
	Debt		$	-	$	30	$	10	$	-	$	40
	Accounts payable			4,420		3,161		1,321		(8,328)		574
	Employee-related benefits			-		206		87		-		293
	Income and mining taxes			-		53		120		-		173
	Other current liabilities			78		539		2,735		(2,065)		1,287
		Current liabilities		4,498		3,989		4,273		(10,393)		2,367
	Debt			6,047		1		40		-		6,088
	Reclamation and remediation liabilities			-		908		362		-		1,270
	Deferred income tax liabilities			-		601		1,455		-		2,056
	Employee-related benefits			5		370		112		-		487
	Other long-term liabilities			527		51		4,297		(4,472)		403
		Total liabilities		11,077		5,920		10,539		(14,865)		12,671
Equity
	Preferred stock			-		-		61		(61)		-
	Common stock			786		-		5		(5)		786
	Additional paid-in capital			8,012		3,050		5,698		(8,469)		8,291
	Accumulated other comprehensive income			361		(216)		905		(689)		361
	Retained earnings			3,474		6,776		(1,603)		(5,173)		3,474
	Newmont stockholders’ equity			12,633		9,610		5,066		(14,397)		12,912
	Noncontrolling interests			-		3,615		1,255		(1,793)		3,077
		Total equity		12,633		13,225		6,321		(16,190)		15,989
		Total liabilities and equity	$	23,710	$	19,145	$	16,860	$	(31,055)	$	28,660

			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

XML

Commitments and Contingencies

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 26    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 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 26relate 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 June 30, 2012 and December 31, 2011, $1,145 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 $45 and $47 at June 30, 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, $191 and $170 were accrued for such obligations at June 30, 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 108% greater or 7% lower than the amount accrued at June 30, 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 Mining Corporation

Conjecture Mine Site. On April 24, 2012, Federal Resources Corporation served Newmont with a third party complaint seeking contribution for reclamation costs at the Conjecture Mine site in Bonner County, Idaho. The United States Department of Justice on behalf of the EPA (“U.S.”)brought a CERCLA action against Federal Resources Corporation for costs incurred in response to alleged releases or threatened releases of hazardous substances at the Conjecture Mine, Idaho Lakeview and Minnie More Mine sites. The U.S. has expended approximately $5in total costs for the completion of reclamation at the Conjecture Mine. Federal Resources Corporation alleges that Newmont is the successor-in-interest to Duval Corporation (“Duval”), and that Duval is a former operator of the Conjecture Mine. Newmont denies that it is a successor-in-interest to the liabilities of Duval and further Newmonthas not uncovered any evidence to substantiate that Duval operated the Conjecture Mine. Therefore, Newmont intends to vigorously defend this lawsuit. Newmont cannot reasonably predict the likelihood or outcome of this matter.

Empire Mine. On July 19, 2012, the California Department of Parks and Recreation (“Parks”) served Newmont, New Verde Mines LLC, Newmont North America Exploration Limited, Newmont Realty Company and Newmont USA Limited with a complaint for damages and declaratory relief under CERCLA, specifically for costs associated with water treatment at the Empire Mine State Park and for a declaration that Newmont is liable for past and future response costs, as well as indemnification to Parks. In 1975 Parks purchased the Empire Mine site in Grass Valley, California from Newmont to create a historic state park featuring the mining of the Empire Mine. Parks has operated the Empire Mine Site for over 35 years. Newmont intends to vigorously defend this lawsuit. Newmont cannot reasonably predict the outcome of this matter.

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 23 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. All appeals have been referred to the Civil Court of Cajamarca, which has confirmed the decision of the lower court judge. The plaintiffs have filed appeals of such orders before the Supreme Court. 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 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.

Newmont Mining Corporation claim relating to PTNNT divestiture

Indonesian citizens apparently living in the province of Nusa Tenggara Barat filed a lawsuit 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 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 appealed the case to the Indonesian Supreme Court.

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 June 30, 2012and December 31, 2011, there were $1,661 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.

XML

Segment Information

6 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE 3    SEGMENT INFORMATION

					Costs				Advanced
					Applicable to				Projects and		Pre-Tax
			Sales		Sales		Amortization		Exploration		Income (Loss)
Three Months Ended June 30, 2012
Nevada			$	571	$	258	$	47	$	43	$	217
La Herradura				93		33		6		11		46
Other North America				-		-		-		1		(54)
	North America			664		291		53		55		209
Yanacocha				614		177		62		18		333
Conga				-		-		-		12		(12)
Other South America				-		-		-		19		(19)
	South America			614		177		62		49		302
Boddington:
	Gold			264		157		49		NA		NA
	Copper			42		38		12		NA		NA
		Total		306		195		61		2		37
Batu Hijau:
	Gold			18		11		3		NA		NA
	Copper			88		70		14		NA		NA
		Total		106		81		17		7		(16)
Other Australia/New Zealand				331		182		33		18		101
Other Asia Pacific				-		-		2		4		(9)
	Asia Pacific			743		458		113		31		113
Ahafo				208		76		16		11		100
Akyem				-		-		-		5		(5)
Other Africa				-		-		-		3		(2)
	Africa			208		76		16		19		93
Corporate and Other				-		-		4		34		(160)
Consolidated			$	2,229	$	1,002	$	248	$	188	$	557

					Costs				Advanced		Pre-Tax
			Sales		Applicable to Sales		Amortization		Projects and Exploration		Income (Loss)		Total Assets		Capital Expenditures(1)
Six Months Ended June 30, 2012
Nevada			$	1,294	$	525	$	100	$	77	$	586	$	7,280	$	370
La Herradura				186		65		11		17		91		353		29
Other North America				-		-		-		1		(106)		199		-
	North America			1,480		590		111		95		571		7,832		399
Yanacocha				1,208		338		112		35		682		2,775		243
Conga				-		-		-		39		(39)		1,462		342
Other South America				-		-		-		44		(44)		44		-
	South America			1,208		338		112		118		599		4,281		585
Boddington:
	Gold			562		294		81		N/A		N/A		N/A		N/A
	Copper			103		68		18		N/A		N/A		N/A		N/A
		Total		665		362		99		5		180		4,640		52
Batu Hijau:
	Gold			52		30		6		N/A		N/A		N/A		N/A
	Copper			260		155		30		N/A		N/A		N/A		N/A
		Total		312		185		36		14		32		3,651		61
Other Australia/New Zealand				758		372		69		33		280		1,348		137
Other Asia Pacific				-		-		3		10		(4)		606		8
	Asia Pacific			1,735		919		207		62		488		10,245		258
Ahafo				489		172		40		22		250		1,328		108
Akyem				-		-		-		9		(10)		750		189
Other Africa				-		-		-		5		(4)		9		-
	Africa			489		172		40		36		236		2,087		297
Corporate and Other				-		-		9		67		(301)		4,215		37
Consolidated			$	4,912	$	2,019	$	479	$	378	$	1,593	$	28,660	$	1,576
(1)	Includes a decrease in accrued capital expenditures of $2; consolidated capital expenditures on a cash basis were $1578.

					Costs				Advanced
					Applicable to				Projects and		Pre-Tax
			Sales		Sales		Amortization		Exploration		Income (Loss)
Three Months Ended June 30, 2011
Nevada			$	529	$	224	$	56	$	38	$	195
La Herradura				81		27		5		3		44
Other North America				-		-		4		53		(8)
	North America			610		251		65		94		231
Yanacocha				524		190		66		11		232
Conga				-		-		1		7		(7)
Other South America				-		-		-		7		(9)
	South America			524		190		67		25		216
Boddington:
	Gold			269		117		31		N/A		N/A
	Copper			54		27		7		N/A		N/A
		Total		323		144		38		2		140
Batu Hijau:
	Gold			92		30		7		N/A		N/A
	Copper			242		79		18		N/A		N/A
		Total		334		109		25		1		186
Other Australia/New Zealand				375		158		31		10		168
Other Asia Pacific				-		-		-		5		(34)
	Asia Pacific			1,032		411		94		18		460
Ahafo				218		65		20		8		119
Akyem				-		-		-		1		(1)
Other Africa				-		-		-		3		(5)
	Africa			218		65		20		12		113
Corporate and Other				-		-		4		26		(173)
Consolidated			$	2,384	$	917	$	250	$	175	$	847

					Costs				Advanced		Pre-Tax
			Sales		Applicable to Sales		Amortization		Projects and Exploration		Income (Loss)		Total Assets		Capital Expenditures(1)
Six Months Ended June 30, 2011
Nevada			$	1,111	$	496	$	128	$	55	$	411	$	6,797	$	228
La Herradura				146		45		9		9		80		260		41
Other North America				-		-		7		97		(58)		2,294		27
	North America			1,257		541		144		161		433		9,351		296
Yanacocha				886		343		119		17		381		2,634		127
Conga				-		-		1		10		(11)		562		251
Other South America				-		-		-		14		(15)		37		-
	South America			886		343		120		41		355		3,233		378
Boddington:
	Gold			501		217		59		N/A		N/A		N/A		N/A
	Copper			107		55		14		N/A		N/A		N/A		N/A
		Total		608		272		73		3		244		4,419		75
Batu Hijau:
	Gold			232		64		14		N/A		N/A		N/A		N/A
	Copper			611		168		38		N/A		N/A		N/A		N/A
		Total		843		232		52		1		509		3,513		88
Other Australia/New Zealand				790		324		66		22		365		1,124		134
Other Asia Pacific				-		-		1		6		(34)		625		4
	Asia Pacific			2,241		828		192		32		1,084		9,681		301
Ahafo				465		145		42		15		255		1,037		37
Akyem				-		-		-		2		(2)		351		67
Other Africa				-		-		-		3		(6)		6		-
	Africa			465		145		42		20		247		1,394		104
Corporate and Other				-		-		8		51		(299)		4,979		18
Consolidated			$	4,849	$	1,857	$	506	$	305	$	1,820	$	28,638	$	1,097
(1)	Includes an increase in accrued capital expenditures of $77; consolidated capital expenditures on a cash basis were $1020.

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Supplementary Data

6 Months Ended

Jun. 30, 2012

Supplementary Data [Abstract]

SUPPLEMENTARY DATA

NOTE ##SuppNote    SUPPLEMENTARY DATA

Ratio of Earnings to Fixed Charges

The ratio of earnings to fixed charges for the six months endedJune 30, 2012 was 9.7. 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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Income and Mining Taxes (Tables)

6 Months Ended

Jun. 30, 2012

Income And Mining Taxes (Tables) [Abstract]

Income and Mining Tax Expense Reconciliation

			Three Months Ended June 30,								Six Months Ended June 30,
			2012				2011				2012				2011
Income before income and mining
	tax and other items				$	557			$	847			$	1,593			$	1,820
Tax on income at statutory rate			35	%		195	35	%		296	35	%		558	35	%		637
Reconciling items:
	Tax benefit generated on change
		in form of a non-U.S. subsidiary				-	(8)	%		(65)				-	(4)	%		(65)
	Percentage depletion		(6)	%		(34)	(7)	%		(56)	(7)	%		(108)	(6)	%		(111)
	Change in valuation allowance on
		deferred tax assets	2	%		13				-	3	%		46				-
	Other		1	%		1	2	%		12	2	%		22	2	%		31
Income and mining tax expense			32	%	$	175	22	%	$	187	33	%	$	518	27	%	$	492

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Supplemental Cash Flow Information (Tables)

6 Months Ended

Jun. 30, 2012

Supplemental Cash Flow Information (Tables) [Abstract]

Supplemental Cash Flow Information

NOTE 24    SUPPLEMENTAL CASH FLOW INFORMATION

	Six Months Ended June 30,
	2012		2011
Income and mining taxes, net of refunds	$	746	$	892
Interest, net of amounts capitalized	$	105	$	92

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Other Assets (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Other current assets:
Refinery metal inventory and receivable	$ 393	$ 796
Prepaid assets	176	93
Derivative instruments	105	127
Restricted cash	2	20
Note receivable	0	12
Other	62	85
Other current assets, total	738	1,133
Other long-term assets:
Goodwill	188	188
Income tax receivable	185	142
Intangible assets	142	147
Derivative instruments	122	112
Restricted cash	91	48
Debt issuance costs	79	59
Other receivables	16	17
Other	179	144
Other long-term assets, total	$ 1,002	$ 857

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012		Jun. 30, 2011
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) [Abstract]
Sales	$ 2,229		$ 2,384		$ 4,912		$ 4,849
Costs and expenses
Costs applicable to sales	1,002	[1]	917	[1]	2,019	[1]	1,857	[1]
Amortization	248		250		479		506
Reclamation and remediation	16		43		32		57
Exploration	106		89		194		151
Advanced projects, research and development	82		86		184		154
General and administrative	57		50		111		95
Other expense, net	126		87		246		160
Total costs and expenses	1,637		1,522		3,265		2,980
Other income (expense)
Other income, net	36		48		69		79
Interest expense, net	(71)		(63)		(123)		(128)
Total other income (expense)	(35)		(15)		(54)		(49)
Income before income and mining tax and other items	557		847		1,593		1,820
Income and mining tax expense	(175)		(187)		(518)		(492)
Equity income (loss) of affiliates	(11)		0		(30)		2
Income from continuing operations	371		660		1,045		1,330
Loss from discontinued operations	0		(136)		(71)		(136)
Net income	371		524		974		1,194
Net income attributable to noncontrolling interests	(92)		(137)		(205)		(293)
Net income attributable to Newmont stockholders	279		387		769		901
Net income attributable to Newmont stockholders:
Continuing operations	279		523		840		1,037
Discontinued operations	0		(136)		(71)		(136)
Net income attributable to Newmont stockholders	$ 279		$ 387		$ 769		$ 901
Income per common share, basic
Continuing operations	$ 0.56		$ 1.06		$ 1.69		$ 2.10
Discontinued operations	$ 0		$ (0.28)		$ (0.14)		$ (0.28)
Income per common share, basic	$ 0.56		$ 0.78		$ 1.55		$ 1.82
Income per common share, diluted
Continuing operations	$ 0.56		$ 1.04		$ 1.67		$ 2.07
Discontinued operations	$ 0		$ (0.27)		$ (0.14)		$ (0.27)
Income per common share, diluted	$ 0.56		$ 0.77		$ 1.53		$ 1.80
Cash dividends declared per common share	$ 0.35		$ 0.20		$ 0.70		$ 0.35

[1] (1) Excludes Amortization and Reclamation and remediation.

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Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 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)		641			1,048			762			471			244			28			3,194
	Average rate ($/A$)		0.93			0.93			0.90			0.89			0.90			0.88			0.91
	Expected hedge ratio		78	%		68	%		50	%		33	%		17	%		4	%
A$ Capital Fixed Forward Contracts:
	A$ notional (millions)		27			51			22			-			-			-			100
	Average rate ($/A$)		1.00			0.98			0.96			-			-			-			0.98
	Expected hedge ratio		37	%		28	%		40	%		-			-			-
NZ$ Operating Fixed Forward Contracts:
	NZ$ notional (millions)		41			37			4			-			-			-			82
	Average rate ($/NZ$)		0.78			0.78			0.78			-			-			-			0.78
	Expected hedge ratio		60	%		29	%		8	%		-			-			-

Diesel Derivative Contracts Outstanding

		Expected Maturity Date
														Total/
		2012			2013			2014			2015			Average
Diesel Fixed Forward Contracts:
	Diesel gallons (millions)		16			22			10			1			49
	Average rate ($/gallon)		2.91			2.92			2.88			2.85			2.91
	Expected hedge ratio		71	%		50	%		24	%		8	%

Fair Values of Derivative Instruments Designated as Hedges

		Fair Value
		At June 30, 2012
		Other Current Assets		Other Long-Term Assets		Other Current Liabilities		Other Long-Term Liabilities
Foreign currency exchange contracts:
	A$ operating fixed forwards	$	102	$	121	$	2	$	1
	A$ capital fixed forwards		1		1		-		-
	NZ$ operating fixed forwards		1		-		-		-
Diesel fixed forwards			1		-		6		3
Total derivative instruments (Note ##OthAssetsNote and ##OthLiabNote)		$	105	$	122	$	8	$	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 ##OthAssetsNote and ##OthLiabNote)		$	127	$	112	$	408	$	6

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

		Foreign Currency Exchange Contracts				Diesel Forward Contracts				Forward Starting Swap Contracts
		2012		2011		2012		2011		2012		2011
For the three months ended June 30,
Cash flow hedging relationships:
	Gain (loss) recognized in other comprehensive income (effective portion)	$	23	$	126	$	(16)	$	(5)	$	-	$	-
	Gain (loss) reclassified from Accumulated other comprehensive income into income (effective portion) (1)?		38		49		1		5		(3)		-
For the six months ended June 30,
Cash flow hedging relationships:
	Gain (loss) recognized in other comprehensive income (effective portion)	$	85	$	193	$	(4)	$	10	$	36	$	-
	Gain(loss) reclassified from Accumulated other comprehensive income into income (effective portion) (1)?		85		91		4		9		(4)		-
	Gain reclassified from Accumulated other comprehensive income into income (ineffective portion) (2)?		-		-		-		-		2		-

(1)The gain (loss) for the effective portion of the 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 the 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 June 30,
Fair value hedging relationships:
	Gain (loss) recognized in income (effective portion) (1)?	$	-	$	1	$	-	$	(1)
	(Loss) recognized in income (ineffective portion) (2)?		-		(1)		-		-
For the six months ended June 30,
Fair value hedging relationships:
	Gain (loss) recognized in income (effective portion) (1)?	$	-	$	3	$	-	$	(6)
	(Loss) recognized in income (ineffective portion) (2)?		-		(2)		-		-

(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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Basis of Presentation

6 Months Ended

Jun. 30, 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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Employee Pension and Other Benefit Plans (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Other benefit costs [Member]
Employee Related Benefits [Line Items]
Service cost	$ 0	$ 0	$ 1	$ 1
Interest cost	2	1	3	2
Amortization, net	0	0	0	0
Pension benefit costs, net	2	1	4	3
Pension benefit costs [Member]
Employee Related Benefits [Line Items]
Service cost	8	6	15	12
Interest cost	11	10	21	20
Expected return on plan assets	(11)	(11)	(22)	(21)
Amortization, net	8	7	14	12
Pension benefit costs, net	$ 16	$ 12	$ 28	$ 23

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Reclamation and Remediation (Tables)

6 Months Ended

Jun. 30, 2012

Reclamation and Remediation (Tables) [Abstract]

Reconciliation of Reclamation and Remediation Liabilities

	Six Months Ended June 30,
	2012		2011
Balance at beginning of period	$	1,240	$	1,048
Additions, changes in estimates and other		105		32
Liabilities settled		(41)		(15)
Accretion expense		32		29
Balance at end of period	$	1,336	$	1,094

Reclamation and Remediation Expenses

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Reclamation	$	-	$	28	$	-	$	28
Accretion - operating		13		13		27		25
Accretion - non-operating		3		2		5		4
	$	16	$	43	$	32	$	57

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Changes in Equity (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended					6 Months Ended			6 Months Ended			6 Months Ended			6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012 Common Stock [Member]	Jun. 30, 2011 Common Stock [Member]	Dec. 31, 2009 Common Stock [Member]	Jun. 30, 2012 Additional paid-in capital [Member]	Jun. 30, 2011 Additional paid-in capital [Member]	Dec. 31, 2009 Additional paid-in capital [Member]	Jun. 30, 2012 Accumulated other comprehensive income [Member]	Jun. 30, 2011 Accumulated other comprehensive income [Member]	Dec. 31, 2009 Accumulated other comprehensive income [Member]	Jun. 30, 2012 Retained earnings [Member]	Jun. 30, 2011 Retained earnings [Member]	Dec. 31, 2009 Retained earnings [Member]	Jun. 30, 2012 Noncontrolling interests [Member]	Jun. 30, 2011 Noncontrolling interests [Member]	Dec. 31, 2009 Noncontrolling interests [Member]
Changes in Equity
Beginning Balance			$ 15,771			$ 784	$ 778		$ 8,408	$ 8,279		$ 652	$ 1,108		$ 3,052	$ 3,180		$ 2,875	$ 2,371
Net income attributable to Newmont stockholders	279	387	769	901										769	901
Net income attributable to noncontrolling interests	(92)	(137)	(205)	(293)													205	293
Dividends paid														(347)	(173)
Stock based awards					2	2		55	52
Conversion premium on convertible notes			(172)	0
Shares issued in exchange for exchangeable shares					0	0		0	(1)
Other comprehensive income	(299)	(78)	(291)	205							(291)	202					0	3
Dividends paid																	(3)	(2)
Sale of noncontrolling interests								0	0								0	0
Ending Balance	$ 15,989	$ 16,993	$ 15,989	$ 16,993	$ 786	$ 780	$ 778	$ 8,291	$ 8,330	$ 8,279	$ 361	$ 1,310	$ 1,108	$ 3,474	$ 3,908	$ 3,180	$ 3,077	$ 2,665	$ 2,371

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Investments

6 Months Ended

12 Months Ended

Jun. 30, 2012

Dec. 31, 2011

Investments [Abstract]

INVESTMENTS

NOTE 17    INVESTMENTS

			At June 30, 2012
			Cost/Equity		Unrealized				Fair/Equity
			Basis		Gain		Loss		Basis
Current:
	Marketable Equity Securities:
		Paladin Energy Ltd.	$	60	$	7	$	-	$	67
		Other		14		6		(3)		17
				74		13		(3)		84
	Marketable Debt Securities:
		Corporate		48		-		-		48
			$	122	$	13	$	(3)	$	132
Long-term:
	Marketable Debt Securities:
		Asset backed commercial paper	$	25	$	-	$	(6)	$	19
		Auction rate securities		8		-		(3)		5
		Corporate		48		2		-		50
				81		2		(9)		74
	Marketable Equity Securities:
		Canadian Oil Sands Ltd.		303		296		-		599
		Gabriel Resources Ltd.		76		1		-		77
		Regis Resources Ltd.		36		260		-		296
		Other		68		8		(12)		64
				483		565		(12)		1,036
	Other investments, at cost			12		-		-		12
	Investment in Affiliates:
		Euronimba Ltd.		2		-		-		2
		Minera La Zanja S.R.L.		61		-		-		61
			$	639	$	567	$	(21)	$	1,185

Included in Investments at June 30, 2012and December 31, 2011are $7 and $11 of long-term marketable debt securities, respectively, and $10 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 three and sixmonths endedJune 30,2012, the Company recognized impairments for other-than-temporary declines in value of $8and $32for marketable equity securities.

During the first half of 2012, the Company made net purchases of corporate marketable debt securities of $91.

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 June 30, 2012		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Marketable equity securities	$	34	$	14	$	-	$	-	$	34	$	14
Asset backed commercial paper		-		-		19		6		19		6
Auction rate securities		-		-		5		3		5		3
	$	34	$	14	$	24	$	9	$	58	$	23
		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
Marketable equity securities	$	42	$	18	$	-	$	-	$	42	$	18
Asset backed commercial paper		-		-		19		6		19		6
Auction rate securities		-		-		5		2		5		2
	$	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.

			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:
		Minera La Zanja S.R.L.		66		-		-		66
			$	625	$	872	$	(25)	$	1,472

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Other Expense, Net (Tables)

6 Months Ended

Jun. 30, 2012

Other Expense, Net (Tables) [Abstract]

Other Expense, Net

NOTE 5    OTHER EXPENSE, NET

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Hope Bay care and maintenance	$	52	$	-	$	102	$	-
Community development		20		23		51		40
Regional administration		29		21		50		37
Acquisiton costs		12		20		12		21
Western Australia power plant		4		5		8		9
Indonesian value added tax settlement		-		-		-		21
Other		9		18		23		32
	$	126	$	87	$	246	$	160

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Stockpiles and Ore on Leach Pads

6 Months Ended

Jun. 30, 2012

Stockpiles And Ore On Leach Pad [Abstract]

STOCKPILES AND ORE ON LEACH PADS

NOTE 19    STOCKPILES AND ORE ON LEACH PADS

		At June 30,		At December 31,
		2012		2011
Current:
	Stockpiles	$	590	$	506
	Ore on leach pads		208		165
		$	798	$	671
Long-term:
	Stockpiles	$	2,187	$	1,904
	Ore on leach pads		392		367
		$	2,579	$	2,271

		At June 30,		At December 31,
		2012		2011
Stockpiles and ore on leach pads:
	Nevada	$	608	$	536
	La Herradura		21		6
	Yanacocha		591		512
	Boddington		456		435
	Batu Hijau		1,331		1,119
	Other Australia/New Zealand		165		161
	Ahafo		205		173
		$	3,377	$	2,942

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Derivative Instruments (Details)							3 Months Ended		6 Months Ended												3 Months Ended		6 Months Ended		3 Months Ended	6 Months Ended		3 Months Ended	6 Months Ended	3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended																																		3 Months Ended		6 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2012 USD ($)	Dec. 31, 2011 USD ($)	Jun. 30, 2012 Senior Notes Net of Discount 2022 [Member] USD ($)	Jun. 30, 2012 Senior Notes Net Of Discount 2042 [Member] USD ($)	Jun. 30, 2012 Diesel Fixed Forward Contracts [Member] USD ($)	Dec. 31, 2011 Diesel Fixed Forward Contracts [Member] USD ($)	Jun. 30, 2012 Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($) gal	Jun. 30, 2011 Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($) gal	Jun. 30, 2011 Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 AU Dollar Operating Fixed Forward Contracts [Member] USD ($)	Jun. 30, 2012 AU Dollar Operating Fixed Forward Contracts [Member] AUD	Dec. 31, 2011 AU Dollar Operating Fixed Forward Contracts [Member] USD ($)	Jun. 30, 2012 AU Dollar Capital Fixed Forward Contracts [Member] USD ($)	Jun. 30, 2012 AU Dollar Capital Fixed Forward Contracts [Member] AUD	Dec. 31, 2011 AU Dollar Capital Fixed Forward Contracts [Member] USD ($)	Jun. 30, 2012 NZ Dollar Operating Fixed Forward Contracts [Member] USD ($)	Jun. 30, 2012 NZ Dollar Operating Fixed Forward Contracts [Member] NZD	Dec. 31, 2011 NZ Dollar Operating Fixed Forward Contracts [Member] USD ($)	Jun. 30, 2012 Interest Rate Swap Contracts [Member] USD ($)	Jun. 30, 2012 Interest Rate Swap Contracts [Member] Fair Value Hedging [Member] USD ($)	Jun. 30, 2011 Interest Rate Swap Contracts [Member] Fair Value Hedging [Member] USD ($)	Jun. 30, 2012 Interest Rate Swap Contracts [Member] Fair Value Hedging [Member] USD ($)	Jun. 30, 2011 Interest Rate Swap Contracts [Member] Fair Value Hedging [Member] USD ($)	Jun. 30, 2012 Forward Starting Swap Contracts [Member] USD ($)	Jun. 30, 2012 Forward Starting Swap Contracts [Member] USD ($)	Dec. 31, 2011 Forward Starting Swap Contracts [Member] USD ($)	Jun. 30, 2012 Forward Starting Swap Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Forward Starting Swap Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2011 Foreign Exchange Contract [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2011 Foreign Exchange Contract [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Debentures 8 5/8% (Hedged Portion) [Member] Fair Value Hedging [Member] USD ($)	Jun. 30, 2011 Debentures 8 5/8% (Hedged Portion) [Member] Fair Value Hedging [Member] USD ($)	Jun. 30, 2012 Debentures 8 5/8% (Hedged Portion) [Member] Fair Value Hedging [Member] USD ($)	Jun. 30, 2011 Debentures 8 5/8% (Hedged Portion) [Member] Fair Value Hedging [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2012 [Member] Diesel Fixed Forward Contracts [Member]	Jun. 30, 2012 Expected Maturity Date Year 2012 [Member] Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] gal	Jun. 30, 2012 Expected Maturity Date Year 2012 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2012 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Jun. 30, 2012 Expected Maturity Date Year 2012 [Member] AU Dollar Capital Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2012 [Member] AU Dollar Capital Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Jun. 30, 2012 Expected Maturity Date Year 2012 [Member] NZ Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2012 [Member] NZ Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] NZD	Jun. 30, 2012 Expected Maturity Date Year 2013 [Member] Diesel Fixed Forward Contracts [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2013 [Member] Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] gal	Jun. 30, 2012 Expected Maturity Date Year 2013 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2013 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Jun. 30, 2012 Expected Maturity Date Year 2013 [Member] AU Dollar Capital Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2013 [Member] AU Dollar Capital Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Jun. 30, 2012 Expected Maturity Date Year 2013 [Member] NZ Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2013 [Member] NZ Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] NZD	Jun. 30, 2012 Expected Maturity Date Year 2014 [Member] Diesel Fixed Forward Contracts [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2014 [Member] Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] gal	Jun. 30, 2012 Expected Maturity Date Year 2014 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2014 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Jun. 30, 2012 Expected Maturity Date Year 2014 [Member] AU Dollar Capital Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2014 [Member] AU Dollar Capital Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Jun. 30, 2012 Expected Maturity Date Year 2014 [Member] NZ Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2014 [Member] NZ Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] NZD	Jun. 30, 2012 Expected Maturity Date Year 2015 [Member] Cash Flow Hedging [Member] gal	Jun. 30, 2012 Expected Maturity Date Year 2015 [Member] Diesel Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2015 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2015 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Jun. 30, 2012 Expected Maturity Date Year 2016 [Member] AU Dollar Operating Fixed Forward Contracts [Member]	Jun. 30, 2012 Expected Maturity Date Year 2016 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] USD ($)	Jun. 30, 2012 Expected Maturity Date Year 2016 [Member] AU Dollar Operating Fixed Forward Contracts [Member] Cash Flow Hedging [Member] AUD	Jun. 30, 2012 Expected Maturity Date Year 2017 [Member] AU Dollar Operating Fixed Forward Contracts [Member] USD ($)	Jun. 30, 2012 Gold [Member] USD ($) oz	Jun. 30, 2012 Gold [Member] USD ($) oz	Jun. 30, 2012 Gold [Member] USD ($) oz	Jun. 30, 2012 Copper [Member] USD ($) lb	Jun. 30, 2012 Copper [Member] USD ($) lb	Jun. 30, 2012 Copper [Member] USD ($) lb	Jun. 30, 2012 Copper [Member] USD ($) lb
Foreign Currency Derivatives
Average rate	2.91						2.91		2.91		0.91			0.98			0.78																							0.93		1.00		0.78		2.92		0.93		0.98		0.78		2.88		0.90		0.96		0.78			2.85	0.89			0.90		0.88
Notional Amount of Foreign Currency Derivatives												3,194,000,000			100,000,000			82,000,000																							641,000,000		27,000,000		41,000,000				1,048,000,000		51,000,000		37,000,000				762,000,000		22,000,000		4,000,000				471,000,000			244,000,000	$ 28,000,000
Expected hedge ratio																																						71.00%		78.00%	78.00%	37.00%	37.00%	60.00%	60.00%	50.00%		68.00%	68.00%	28.00%	28.00%	29.00%	29.00%	24.00%		50.00%	50.00%	40.00%	40.00%	8.00%	8.00%		8.00%	33.00%	33.00%	17.00%			4.00%
Diesel Derivative Contracts Outstanding
Average rate	2.91						2.91		2.91		0.91			0.98			0.78																							0.93		1.00		0.78		2.92		0.93		0.98		0.78		2.88		0.90		0.96		0.78			2.85	0.89			0.90		0.88
Diesel gallons							49,000,000		49,000,000																														16,000,000								22,000,000								10,000,000							1,000,000
Expected hedge ratio																																						71.00%		78.00%	78.00%	37.00%	37.00%	60.00%	60.00%	50.00%		68.00%	68.00%	28.00%	28.00%	29.00%	29.00%	24.00%		50.00%	50.00%	40.00%	40.00%	8.00%	8.00%		8.00%	33.00%	33.00%	17.00%			4.00%
Fair values of Derivative Instruments Designated as Hedges
Other Assets Current	105,000,000	127,000,000			1,000,000	4,000,000					102,000,000		121,000,000	1,000,000			1,000,000		2,000,000
Other Long-Term Assets	122,000,000	112,000,000			0						121,000,000		112,000,000	1,000,000
Other Current Liabilities	8,000,000	408,000,000			6,000,000	2,000,000					2,000,000		6,000,000						1,000,000						0	0	399,000,000
Other Long-Term Liabilities	4,000,000	6,000,000			3,000,000	1,000,000					1,000,000		4,000,000			1,000,000
Location and Amount of Gains (Losses) Reported in Condensed Consolidated Financial Statements
Gain recognized in other comprehensive income (effective portion)							(16,000,000)	(5,000,000)	(4,000,000)	10,000,000																		0	36,000,000	23,000,000	126,000,000	85,000,000	193,000,000
Gain (loss) reclassified from Accumulated other comprehensive income into income (effective portion)(1)							1,000,000	5,000,000	4,000,000	9,000,000															(3,000,000)	(4,000,000)				38,000,000	49,000,000	85,000,000	91,000,000
Gain reclassified from Accumulated other comprehensive income into income (ineffective portion) (2)																					0	(1,000,000)	0	(2,000,000)				0	2,000,000					0	0	0	0
Gains (Losses) Recorded for Hedged Item Related to Fair Value Hedges
Gain recognized in income (effective portion)																					0	1,000,000	0	3,000,000										0	(1,000,000)	0	(6,000,000)
Gain (loss) recognized in income (ineffective portion)																					0	(1,000,000)	0	(2,000,000)				0	2,000,000					0	0	0	0
Derivative Instruments (Textuals) [Abstract]
Forward starting swaps notional amount																												2,000,000,000	2,000,000,000
Long-term Debt, Gross			1,500,000,000	1,000,000,000
Charge related to hedge ineffectiveness																					0	1,000,000	0	2,000,000				0	(2,000,000)					0	0	0	0
Forward Starting Swaps Gross Settlement																									362,000,000	362,000,000
Forward starting swaps, net of ineffectiveness settlement																										349,000,000
Fixed to floating swap contracts, amount																				222,000,000
Average price																																																																						1,609,000,000	1,609,000,000	1,651	3.57	3.57	3.67	3.67
Recorded average provisional price																																																																						1,651	1,607,000,000		3.65	3.52
Provisional pricing mark-to-market gain (loss)																																																																							2,000,000	4,000,000		18,000,000		13,000,000
Provisional pricing mark-to-market gain (loss) rate																																																																							2	1			0.12	0.40
Provisional pricing quantity sales																																																																						74,000	74,000	74,000	40,000,000	40,000,000	40,000,000	40,000,000
Average price, subject to final pricing																																																																						1,600	1,600	1,600	3.44	3.44	3.44	3.44
Approximate gain amount to be reclassified from accumulated other comprehensive income, net of tax to income	$ 49,000,000

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Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 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, 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 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 previous 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		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Statement of Income and Comprehensive Income [Abstract]
Net income	$ 371	$ 524	$ 974	$ 1,194
Other comprehensive income (loss):
Unrealized loss on marketable securities, net of $18, $108, $(5) and $80 tax benefit and (expense), respectively	(273)	(243)	(313)	(75)
Foreign currency translation adjustments	(10)	38	0	127
Change in pension and other post-retirement benefits, net of $2, $2, $4 and $3 tax expense, respectively	4	4	8	8
Change in fair value of cash flow hedge instruments, net of $8, $163, $(18) and $152 tax benefit (expense), respectively
Net change from periodic revaluations	4	162	73	217
Net amount reclassified to income	(24)	(39)	(59)	(72)
Net unrecognized gain on derivatives	(20)	123	14	145
Other comprehensive income	(299)	(78)	(291)	205
Comprehensive income	72	446	683	1,399
Comprehensive income attributable to:
Newmont stockholders	(18)	308	478	1,103
Noncontrolling interests	90	138	205	296
Comprehensive income	$ 72	$ 446	$ 683	$ 1,399

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Income Per Common Share

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
				2012		2011		2012		2011
Net income attributable to Newmont
	stockholders
			Continuing operations	$	279	$	523	$	840	$	1,037
			Discontinued operations		-		(136)		(71)		(136)
				$	279	$	387	$	769	$	901
Weighted average common shares:
	Basic				496		494		496		494
	Effect of employee stock-based awards				1		1		1		1
	Effect of convertible notes				1		6		5		6
	Diluted				498		501		502		501
Income per common share
		Basic:
			Continuing operations	$	0.56	$	1.06	$	1.69	$	2.10
			Discontinued operations		-		(0.28)		(0.14)		(0.28)
				$	0.56	$	0.78	$	1.55	$	1.82
		Diluted:
			Continuing operations	$	0.56	$	1.04	$	1.67	$	2.07
			Discontinued operations		-		(0.27)		(0.14)		(0.27)
				$	0.56	$	0.77	$	1.53	$	1.80

Options to purchase 2 and 3 million shares of common stock at average exercise prices of $58 and $57 were outstanding at June 30,2012 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.

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	6 Months Ended
	Jun. 30, 2012	Jul. 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	Jun. 30, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2
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		491,247,996

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Changes in Equity

6 Months Ended

Jun. 30, 2012

Change in Equity [Abstract]

CHANGES IN EQUITY

NOTE 13    CHANGES IN EQUITY

			Six Months Ended June 30,
			2012		2011
Common stock:
	At beginning of period		$	784	$	778
		Stock based awards		2		2
	At end of period			786		780
Additional paid-in capital:
	At beginning of period			8,408		8,279
		Stock based awards		55		52
		Conversion premium on convertible notes		(172)		0
		Shares issued in exchange for exchangeable shares		0		(1)
	At end of period			8,291		8,330
Accumulated other comprehensive income:
	At beginning of period			652		1,108
		Other comprehensive income		(291)		202
	At end of period			361		1,310
Retained earnings:
	At beginning of period			3,052		3,180
		Net income attributable to Newmont stockholders		769		901
		Dividends paid		(347)		(173)
	At end of period			3,474		3,908
Noncontrolling interests:
	At beginning of period			2,875		2,371
		Net income attributable to noncontrolling interests		205		293
		Dividends paid		(3)		(2)
		Other comprehensive income		-		3
	At end of period			3,077		2,665
Total equity			$	15,989	$	16,993

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Operating activities:
Net income	$ 974	$ 1,194
Adjustments:
Amortization	479	506
Loss from discontinued operations	71	136
Reclamation and remediation	32	57
Deferred income taxes	12	(38)
Stock based compensation and other non-cash benefits	36	44
Impairment of marketable securities	32	1
Gain on asset sales, net	(10)	(53)
Other operating adjustments and write-downs	106	96
Net change in operating assets and liabilities (Note 23)	(768)	(540)
Net cash provided from continuing operations	964	1,403
Net cash used in discontinued operations	(8)	(2)
Net cash provided from operations	956	1,401
Investing activities:
Additions to property, plant and mine development	(1,578)	(1,020)
Sale of marketable securities	106	55
Purchases of marketable securities	(196)	(15)
Acquisitions, net	(22)	(2,291)
Proceeds from sale of other assets	13	6
Other	(37)	(15)
Net cash used in investing activities	(1,714)	(3,280)
Financing activities:
Proceeds from debt, net	3,343	775
Repayment of debt	(1,941)	(973)
Payment of conversion premium on debt	(172)	0
Dividends paid to common stockholders	(347)	(173)
Dividends paid to noncontrolling interests	(3)	(17)
Proceeds from stock issuance, net	15	8
Other	(1)	0
Net cash provided from (used in) financing activities	894	(380)
Effect of exchange rate changes on cash	1	58
Net change in cash and cash equivalents	137	(2,201)
Cash and cash equivalents at beginning of period	1,760	4,056
Cash and cash equivalents at end of period	$ 1,897	$ 1,855

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Employee Pension and Other Benefit Plans

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
		2012		2011		2012		2011
Pension benefit costs, net
	Service cost	$	8	$	6	$	15	$	12
	Interest cost		11		10		21		20
	Expected return on plan assets		(11)		(11)		(22)		(21)
	Amortization		8		7		14		12
		$	16	$	12	$	28	$	23
		Three Months Ended June 30,				Six Months Ended June 30,
		2012		2011		2012		2011
Other benefit costs, net
	Service cost	$	-	$	-	$	1	$	1
	Interest cost		2		1		3		2
		$	2	$	1	$	4	$	3

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Other Income, Net

6 Months Ended

Jun. 30, 2012

Other Income, Net [Abstract]

OTHER INCOME, NET

NOTE 6    OTHER INCOME, NET

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Income (loss) from developing projects, net	$	19	$	(4)	$	33	$	20
Reduction of allowance for loan receivable		-		-		21		-
Canadian Oil Sands		11		10		20		16
Gain on asset sales, net		-		-		10		3
Refinery income, net		2		-		7		-
Interest		2		2		7		6
Gain on sale of investments, net		-		50		-		50
Foreign currency exchange, net		12		(18)		(3)		(29)
Impairment of marketable securities		(8)		(1)		(32)		(1)
Other		(2)		9		6		14
	$	36	$	48	$	69	$	79

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Inventories

6 Months Ended

Jun. 30, 2012

Inventories [Abstract]

INVENTORIES

NOTE 18    INVENTORIES

	At June 30,		At December 31,
	2012		2011
In-process	$	123	$	159
Concentrate		192		116
Precious metals		36		12
Materials, supplies and other		452		427
	$	803	$	714

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Acquisitions

6 Months Ended

Jun. 30, 2012

Business Combination Disclosure [Abstract]

ACQUISITIONS

NOTE 14    ACQUISITIONS

On April 6, 2011, Newmont completed the acquisition of Fronteer Gold, Inc. (“Fronteer”). Under the Arrangement, shareholders of Fronteer received C$14.00 in cash andone-fourth common share in Pilot Gold, which retained certain exploration assets of Fronteer, for each common share of Fronteer. In connection with the acquisition, Newmont incurred transaction costs of $21, which were recorded in Other Expense, netin the first half of 2011.

On June 25, 2009 the Company completed the acquisition of the remaining 33.33% interest in Boddington from AngloGold Ashanti Australia Limited (“AngloGold”), with a transaction that included maximum contingent consideration of $100, based on an operating margin royalty. Since the completion of the acquisition, the Company has accrued the maximum royalty, of which $12was accrued in the current quarter.

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Discontinued Operations

6 Months Ended

Jun. 30, 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 was upheld in 2011 bythe Ontario Court of Appeal. During the first half 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 a higher gold price. 

Net operating cash used in discontinued operationsof $8 in the first half of 2012 relates to payments on the Holt property royalty.

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Stock Based Compensation (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Stock Option and Other Stock Based Compensation
Share-based Compensation	$ 13	$ 19	$ 25	$ 34
Stock options [Member]
Stock Option and Other Stock Based Compensation
Share-based Compensation	3	7	7	10
Restricted Stock Units (RSUs) [Member]
Stock Option and Other Stock Based Compensation
Share-based Compensation	6	11	11	21
Performance leveraged stock units [Member]
Stock Option and Other Stock Based Compensation
Share-based Compensation	3	1	6	3
Strategic stock units [Member]
Stock Option and Other Stock Based Compensation
Share-based Compensation	$ 1		$ 1

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Stock Based Compensation

6 Months Ended

Jun. 30, 2012

Stock Based Compensation [Abstract]

STOCK BASED COMPENSATION

NOTE 8    STOCK BASED COMPENSATION

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Stock options	$	3	$	7	$	7	$	10
Restricted stock units		6		11		11		21
Performance leveraged stock units		3		1		6		3
Strategic stock units		1		-		1		-
	$	13	$	19	$	25	$	34

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Income and Mining Taxes

6 Months Ended

Jun. 30, 2012

Income and Mining Taxes [Abstract]

INCOME AND MINING TAXES

NOTE 9    INCOME AND MINING TAXES

During the second quarterof 2012, the Company recorded estimated income and mining tax expense of $175resulting in an effective tax rate of 32%. Estimated income and mining tax expense during the second quarterof 2011 was $187for an effective tax rate of 22%.During the first half of 2012, estimated income and mining tax expense was $518resulting in an effective tax rate of 33%. Estimated income and mining tax expense during the first half of 2011 was $492 for an effective tax rate of 27%. The higher effective tax rate in thesecond quarterandfirst halfof 2012is a result of the following: (i) valuation allowances recorded on our Canadian deferred tax assets generated in 2012due to care and maintenance expenditures at Hope Bay, (ii) an increase in mining taxes included in Income and mining tax expense, primarily related to Nevada and Peru, and (iii) a$65non-recurring tax benefit in thesecond quarterandfirst halfof 2011,recorded in connection with the conversion of non-U.S. tax-paying entities to entities currently subject to U.S. income tax which resulted in an increase in net deferred tax assets.

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 June 30, 2012, the Company's total unrecognized tax benefit was $245 for uncertain income tax positions taken or expected to be taken on income tax returns. Of this, $28 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 $20to $25in 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 June 30,								Six Months Ended June 30,
			2012				2011				2012				2011
Income before income and mining
	tax and other items				$	557			$	847			$	1,593			$	1,820
Tax on income at statutory rate			35	%		195	35	%		296	35	%		558	35	%		637
Reconciling items:
	Tax benefit generated on change
		in form of a non-U.S. subsidiary				-	(8)	%		(65)				-	(4)	%		(65)
	Percentage depletion		(6)	%		(34)	(7)	%		(56)	(7)	%		(108)	(6)	%		(111)
	Change in valuation allowance on
		deferred tax assets	2	%		13				-	3	%		46				-
	Other		1	%		1	2	%		12	2	%		22	2	%		31
Income and mining tax expense			32	%	$	175	22	%	$	187	33	%	$	518	27	%	$	492

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Net Income Attributable to Noncontrolling Interests

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Yanacocha	$	97	$	72	$	195	$	126
Batu Hijau		(5)		64		8		166
Other		-		1		2		1
	$	92	$	137	$	205	$	293

At June 30, 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 consolidatesPTNNT 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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Income Per Common Share (Details) (USD $) Share data in Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Earnings per share reconciliation [Abstract]
Continuing operations	$ 279,000,000	$ 523,000,000	$ 840,000,000	$ 1,037,000,000
Discontinued operations	0	(136,000,000)	(71,000,000)	(136,000,000)
Net income attributable to Newmont stockholders	279,000,000	387,000,000	769,000,000	901,000,000
Weighted average common shares (millions):
Basic	496	494	496	494
Effect of employee stock-based awards	1	1	1	1
Effect of convertible notes	1	6	5	6
Diluted	498	501	502	501
Income per common share, basic
Continuing operations	$ 0.56	$ 1.06	$ 1.69	$ 2.10
Discontinued operations	$ 0	$ (0.28)	$ (0.14)	$ (0.28)
Income per common share, basic	$ 0.56	$ 0.78	$ 1.55	$ 1.82
Income per common share, diluted
Continuing operations	$ 0.56	$ 1.04	$ 1.67	$ 2.07
Discontinued operations	$ 0	$ (0.27)	$ (0.14)	$ (0.27)
Income per common share, diluted	$ 0.56	$ 0.77	$ 1.53	$ 1.80
Net income attributable to Newmount stockholders and transfers from noncontrolling interest [Abstract]
Net income attributable to Newmont stockholders	279,000,000	387,000,000	769,000,000	901,000,000
Income Per Common Share (Textuals) Abstract
Anti-dilutive shares - stock options			2	3
Options to purchase common shares average exercise price			$ 58	$ 57
Anti-dilutive shares - convertible notes	1	6	5	6

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Acquisitions (Details)	Jun. 30, 2011 USD ($)	Jun. 30, 2011 CAD
Business Acquisition (Textuals)
Cash per common share received by shareholders		14.00
Acquisition transaction costs	21,000,000
Boddington final interest acquired	33.33%	33.33%
Business Acquisition, Contingent Consideration, Potential Cash Payment	$ 100,000,000

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Net Income Attributable to Noncontrolling Interests (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
Other	$ 0	$ 1	$ 2	$ 1
Net income attributable to noncontrolling interests	92	137	205	293
Yanacocha [Member]
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
Ownership interest in subsidiaries	51.35%		51.35%
Net income attributable to noncontrolling interests	97	72	195	126
Batu Hijau [Member]
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
Ownership interest in subsidiaries	31.50%		31.50%
Effective economic interest percent	48.50%
Net income attributable to noncontrolling interests	(5)	64	8	166
Compania de Minas Buenaventura SAA [Member]
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
Noncontrolling interest, ownership percentage by noncontrolling owners	43.65%		43.65%
International Finance Corporation [Member]
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
Noncontrolling interest, ownership percentage by noncontrolling owners	5.00%		5.00%
Newmont Mining Corporation [Member]
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
Net income attributable to noncontrolling interests	$ 0	$ 0	$ 0	$ 0

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Segment Information (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Jun. 30, 2012

Jun. 30, 2011

Segment Information (Tables) [Abstract]

Financial Information of Newmont's Segments

NOTE 3    SEGMENT INFORMATION

					Costs				Advanced
					Applicable to				Projects and		Pre-Tax
			Sales		Sales		Amortization		Exploration		Income (Loss)
Three Months Ended June 30, 2012
Nevada			$	571	$	258	$	47	$	43	$	217
La Herradura				93		33		6		11		46
Other North America				-		-		-		1		(54)
	North America			664		291		53		55		209
Yanacocha				614		177		62		18		333
Conga				-		-		-		12		(12)
Other South America				-		-		-		19		(19)
	South America			614		177		62		49		302
Boddington:
	Gold			264		157		49		NA		NA
	Copper			42		38		12		NA		NA
		Total		306		195		61		2		37
Batu Hijau:
	Gold			18		11		3		NA		NA
	Copper			88		70		14		NA		NA
		Total		106		81		17		7		(16)
Other Australia/New Zealand				331		182		33		18		101
Other Asia Pacific				-		-		2		4		(9)
	Asia Pacific			743		458		113		31		113
Ahafo				208		76		16		11		100
Akyem				-		-		-		5		(5)
Other Africa				-		-		-		3		(2)
	Africa			208		76		16		19		93
Corporate and Other				-		-		4		34		(160)
Consolidated			$	2,229	$	1,002	$	248	$	188	$	557

					Costs				Advanced
					Applicable to				Projects and		Pre-Tax
			Sales		Sales		Amortization		Exploration		Income (Loss)
Three Months Ended June 30, 2011
Nevada			$	529	$	224	$	56	$	38	$	195
La Herradura				81		27		5		3		44
Other North America				-		-		4		53		(8)
	North America			610		251		65		94		231
Yanacocha				524		190		66		11		232
Conga				-		-		1		7		(7)
Other South America				-		-		-		7		(9)
	South America			524		190		67		25		216
Boddington:
	Gold			269		117		31		N/A		N/A
	Copper			54		27		7		N/A		N/A
		Total		323		144		38		2		140
Batu Hijau:
	Gold			92		30		7		N/A		N/A
	Copper			242		79		18		N/A		N/A
		Total		334		109		25		1		186
Other Australia/New Zealand				375		158		31		10		168
Other Asia Pacific				-		-		-		5		(34)
	Asia Pacific			1,032		411		94		18		460
Ahafo				218		65		20		8		119
Akyem				-		-		-		1		(1)
Other Africa				-		-		-		3		(5)
	Africa			218		65		20		12		113
Corporate and Other				-		-		4		26		(173)
Consolidated			$	2,384	$	917	$	250	$	175	$	847

NOTE 3    SEGMENT INFORMATION

					Costs				Advanced		Pre-Tax
			Sales		Applicable to Sales		Amortization		Projects and Exploration		Income (Loss)		Total Assets		Capital Expenditures(1)
Six Months Ended June 30, 2012
Nevada			$	1,294	$	525	$	100	$	77	$	586	$	7,280	$	370
La Herradura				186		65		11		17		91		353		29
Other North America				-		-		-		1		(106)		199		-
	North America			1,480		590		111		95		571		7,832		399
Yanacocha				1,208		338		112		35		682		2,775		243
Conga				-		-		-		39		(39)		1,462		342
Other South America				-		-		-		44		(44)		44		-
	South America			1,208		338		112		118		599		4,281		585
Boddington:
	Gold			562		294		81		N/A		N/A		N/A		N/A
	Copper			103		68		18		N/A		N/A		N/A		N/A
		Total		665		362		99		5		180		4,640		52
Batu Hijau:
	Gold			52		30		6		N/A		N/A		N/A		N/A
	Copper			260		155		30		N/A		N/A		N/A		N/A
		Total		312		185		36		14		32		3,651		61
Other Australia/New Zealand				758		372		69		33		280		1,348		137
Other Asia Pacific				-		-		3		10		(4)		606		8
	Asia Pacific			1,735		919		207		62		488		10,245		258
Ahafo				489		172		40		22		250		1,328		108
Akyem				-		-		-		9		(10)		750		189
Other Africa				-		-		-		5		(4)		9		-
	Africa			489		172		40		36		236		2,087		297
Corporate and Other				-		-		9		67		(301)		4,215		37
Consolidated			$	4,912	$	2,019	$	479	$	378	$	1,593	$	28,660	$	1,576
(1)	Includes a decrease in accrued capital expenditures of $2; consolidated capital expenditures on a cash basis were $1578.

					Costs				Advanced		Pre-Tax
			Sales		Applicable to Sales		Amortization		Projects and Exploration		Income (Loss)		Total Assets		Capital Expenditures(1)
Six Months Ended June 30, 2011
Nevada			$	1,111	$	496	$	128	$	55	$	411	$	6,797	$	228
La Herradura				146		45		9		9		80		260		41
Other North America				-		-		7		97		(58)		2,294		27
	North America			1,257		541		144		161		433		9,351		296
Yanacocha				886		343		119		17		381		2,634		127
Conga				-		-		1		10		(11)		562		251
Other South America				-		-		-		14		(15)		37		-
	South America			886		343		120		41		355		3,233		378
Boddington:
	Gold			501		217		59		N/A		N/A		N/A		N/A
	Copper			107		55		14		N/A		N/A		N/A		N/A
		Total		608		272		73		3		244		4,419		75
Batu Hijau:
	Gold			232		64		14		N/A		N/A		N/A		N/A
	Copper			611		168		38		N/A		N/A		N/A		N/A
		Total		843		232		52		1		509		3,513		88
Other Australia/New Zealand				790		324		66		22		365		1,124		134
Other Asia Pacific				-		-		1		6		(34)		625		4
	Asia Pacific			2,241		828		192		32		1,084		9,681		301
Ahafo				465		145		42		15		255		1,037		37
Akyem				-		-		-		2		(2)		351		67
Other Africa				-		-		-		3		(6)		6		-
	Africa			465		145		42		20		247		1,394		104
Corporate and Other				-		-		8		51		(299)		4,979		18
Consolidated			$	4,849	$	1,857	$	506	$	305	$	1,820	$	28,638	$	1,097
(1)	Includes an increase in accrued capital expenditures of $77; consolidated capital expenditures on a cash basis were $1020.

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Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2012

Other Liabilities (Tables) [Abstract]

Other Liabilities

NOTE 22    OTHER LIABILITIES

		At June 30,		At December 31,
		2012		2011
Other current liabilities:
	Refinery metal payable	$	393	$	796
	Accrued capital expenditures		237		248
	Accrued operating costs		231		231
	Interest		79		55
	Taxes other than income and mining		78		93
	Reclamation and remediation liabilities		66		71
	Deferred income tax		54		50
	Royalties		38		53
	Boddington contingent consideration		28		24
	Holt property royalty		17		17
	Derivative instruments		8		408
	Other		58		87
		$	1,287	$	2,133
Other long-term liabilities:
	Holt property royalty	$	226	$	159
	Income and mining taxes		75		88
	Power supply agreements		45		45
	Boddington contingent consideration		16		30
	Derivative instruments		4		6
	Other		37		36
		$	403	$	364

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Derivative Instruments

6 Months Ended

Jun. 30, 2012

Derivative Instruments [Abstract]

DERIVATIVE INSTRUMENTS

NOTE 16    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 June 30, 2012:

		Expected Maturity Date
																				Total/
		2012			2013			2014			2015			2016			2017			Average
A$ Operating Fixed Forward Contracts:
	A$ notional (millions)		641			1,048			762			471			244			28			3,194
	Average rate ($/A$)		0.93			0.93			0.90			0.89			0.90			0.88			0.91
	Expected hedge ratio		78	%		68	%		50	%		33	%		17	%		4	%
A$ Capital Fixed Forward Contracts:
	A$ notional (millions)		27			51			22			-			-			-			100
	Average rate ($/A$)		1.00			0.98			0.96			-			-			-			0.98
	Expected hedge ratio		37	%		28	%		40	%		-			-			-
NZ$ Operating Fixed Forward Contracts:
	NZ$ notional (millions)		41			37			4			-			-			-			82
	Average rate ($/NZ$)		0.78			0.78			0.78			-			-			-			0.78
	Expected hedge ratio		60	%		29	%		8	%		-			-			-

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 June 30, 2012:

		Expected Maturity Date
														Total/
		2012			2013			2014			2015			Average
Diesel Fixed Forward Contracts:
	Diesel gallons (millions)		16			22			10			1			49
	Average rate ($/gallon)		2.91			2.92			2.88			2.85			2.91
	Expected hedge ratio		71	%		50	%		24	%		8	%

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, the forward-starting interest rate swaps were settled for $362, of which $349 represented 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 June 30, 2012 and December 31, 2011:

		Fair Value
		At June 30, 2012
		Other Current Assets		Other Long-Term Assets		Other Current Liabilities		Other Long-Term Liabilities
Foreign currency exchange contracts:
	A$ operating fixed forwards	$	102	$	121	$	2	$	1
	A$ capital fixed forwards		1		1		-		-
	NZ$ operating fixed forwards		1		-		-		-
Diesel fixed forwards			1		-		6		3
Total derivative instruments (Note ##OthAssetsNote and ##OthLiabNote)		$	105	$	122	$	8	$	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 ##OthAssetsNote and ##OthLiabNote)		$	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 Exchange Contracts				Diesel Forward Contracts				Forward Starting Swap Contracts
		2012		2011		2012		2011		2012		2011
For the three months ended June 30,
Cash flow hedging relationships:
	Gain (loss) recognized in other comprehensive income (effective portion)	$	23	$	126	$	(16)	$	(5)	$	-	$	-
	Gain (loss) reclassified from Accumulated other comprehensive income into income (effective portion) (1)?		38		49		1		5		(3)		-
For the six months ended June 30,
Cash flow hedging relationships:
	Gain (loss) recognized in other comprehensive income (effective portion)	$	85	$	193	$	(4)	$	10	$	36	$	-
	Gain(loss) reclassified from Accumulated other comprehensive income into income (effective portion) (1)?		85		91		4		9		(4)		-
	Gain reclassified from Accumulated other comprehensive income into income (ineffective portion) (2)?		-		-		-		-		2		-

(1)The gain (loss) for the effective portion of the 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 the 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 June 30,
Fair value hedging relationships:
	Gain (loss) recognized in income (effective portion) (1)?	$	-	$	1	$	-	$	(1)
	(Loss) recognized in income (ineffective portion) (2)?		-		(1)		-		-
For the six months ended June 30,
Fair value hedging relationships:
	Gain (loss) recognized in income (effective portion) (1)?	$	-	$	3	$	-	$	(6)
	(Loss) recognized in income (ineffective portion) (2)?		-		(2)		-		-

(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 $49.

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.

London Metal Exchange (“LME”) copper prices averaged $3.57 per pound during the three months endedJune 30, 2012, compared with the Company's recorded average provisional price of $3.52 per pound before mark-to-market adjustmentsand treatment and refining charges. LME copper prices averaged $3.67 per pound during the six months ended June 30, 2012, compared with the Company's recorded average provisional price of $3.65 per pound before mark-to-market adjustmentsand treatment and refining charges. During the three and six months endedJune 30, 2012, changes incopper prices resulted in a provisional pricing mark-to-market loss of $18 ($0.40 per pound) and gain of$13 ($0.12 per pound), respectively. At June 30, 2012, Newmont had copper sales of 40 million pounds priced at an average of $3.44 per pound, subject to final pricing over the next several months.

The average London P.M. fix for gold was $1,609 per ounce during the three months endedJune 30, 2012, compared with the Company's recorded average provisional price of $1,607 per ounce before mark-to-market adjustments and treatment and refining charges. The average London P.M. fix for gold was $1,651 per ounce during the six months ended June 30, 2012, compared to the Company's recorded average provisional price of $1,651 per ounce before mark-to-market adjustments and treatment and refining charges.During the three and six months ended June 30, 2012, changes in gold prices resulted in a provisional pricing mark-to-market loss of $2 ($2 per ounce) andgainof $4 ($1 per ounce), respectively.At June 30, 2012, Newmont had gold sales of 74,000 ounces priced at an average of $1,600 per ounce, subject to final pricing over the next several months.

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Debt

6 Months Ended

Jun. 30, 2012

Debt [Abstract]

DEBT

NOTE 21    DEBT

	At June 30, 2012				At December 31, 2011
	Current		Non-Current		Current		Non-Current
Sale-leaseback of refractory ore treatment plant	$	30	$	-	$	165	$	-
Corporate revolving credit facility		-		-		-		33
2012 Convertible Senior Notes, net		-		-		514		-
2014 Convertible Senior Notes, net		-		523		-		512
2017 Convertible Senior Notes, net		-		461		-		452
2019 Senior Notes, net		-		897		-		896
2022 Senior Notes, net		-		1,489		-		-
2035 Senior Notes, net		-		598		-		598
2039 Senior Notes, net		-		1,087		-		1,087
2042 Senior Notes, net		-		992		-		-
Ahafo project finance facility		10		40		10		45
Other capital leases		-		1		-		1
	$	40	$	6,088	$	689	$	3,624

Scheduled minimum debt repayments are $35 for the remainder of 2012, $10 in 2013, $533 in 2014, $10 in 2015, $10 in 2016 and $5,530 thereafter.

Corporate Revolving Credit Facility

In May 2012, the Company's Corporate Revolving Credit Facility was amendedto increase the capacity to$3,000and extend the facility one year to 2017. The available capacity underthe Corporate Revolving Credit Facility prior to the amendment was$2,500.

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 cashin 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 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.

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Other Assets (Tables)

6 Months Ended

Jun. 30, 2012

Other Assets (Tables) [Abstract]

Other Assets

NOTE 20    OTHER ASSETS

		At June 30,		At December 31,
		2012		2011
Other current assets:
	Refinery metal inventory and receivable	$	393	$	796
	Prepaid assets		176		93
	Derivative instruments		105		127
	Restricted cash		2		20
	Note receivable		-		12
	Other		62		85
		$	738	$	1,133
Other long-term assets:
	Goodwill	$	188	$	188
	Income tax receivable		185		142
	Intangible assets		142		147
	Derivative instruments		122		112
	Restricted cash		91		48
	Debt issuance costs		79		59
	Other receivables		16		17
	Other		179		144
		$	1,002	$	857

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Net Income Attributable to Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Yanacocha	$	97	$	72	$	195	$	126
Batu Hijau		(5)		64		8		166
Other		-		1		2		1
	$	92	$	137	$	205	$	293

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CONDENSED CONSOLIDATED BALANCE SHEET (unaudited) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 1,897	$ 1,760
Trade receivables	290	300
Accounts receivable	359	320
Investments	132	94
Inventories	803	714
Stockpiles and ore on leach pads	798	671
Deferred income tax assets	255	396
Other current assets	738	1,133
Current assets	5,272	5,388
Property, plant and mine development, net	16,936	15,881
Investments	1,185	1,472
Stockpiles and ore on leach pads	2,579	2,271
Deferred income tax assets	1,686	1,605
Other long-term assets	1,002	857
Total assets	28,660	27,474
LIABILITIES
Debt	40	689
Accounts payable	574	561
Employee-related benefits	293	307
Income and mining taxes	173	250
Other current liabilities	1,287	2,133
Current liabilities	2,367	3,940
Debt	6,088	3,624
Reclamation and remediation liabilities	1,270	1,169
Deferred income tax liabilities	2,056	2,147
Employee-related benefits	487	459
Other long-term liabilities	403	364
Total liabilities	12,671	11,703
Commitments and Contingencies
EQUITY
Common stock	786	784
Additional paid-in capital	8,291	8,408
Accumulated other comprehensive income	361	652
Retained earnings	3,474	3,052
Newmont stockholders' equity	12,912	12,896
Noncontrolling interests	3,077	2,875
Total equity	15,989	15,771
Total liabilities and equity	$ 28,660	$ 27,474

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Other Expense, Net

6 Months Ended

Jun. 30, 2012

Other Expense, Net [Abstract]

OTHER EXPENSE, NET

NOTE 5    OTHER EXPENSE, NET

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Hope Bay care and maintenance	$	52	$	-	$	102	$	-
Community development		20		23		51		40
Regional administration		29		21		50		37
Acquisiton costs		12		20		12		21
Western Australia power plant		4		5		8		9
Indonesian value added tax settlement		-		-		-		21
Other		9		18		23		32
	$	126	$	87	$	246	$	160

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Other Income, Net (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Other Income, Net
Income (loss) from developing projects, net	$ 19	$ (4)	$ 33	$ 20
Reduction of allowance for loan receivable	0	0	21	0
Canadian Oil Sands	11	10	20	16
Gain on asset sales, net	0	0	10	3
Refinery income, net	2	0	7	0
Interest	2	2	7	6
Gain on sale of investments, net	0	50	0	50
Foreign currency exchange gain (loss), net	12	(18)	(3)	(29)
Impairment of marketable securities	(8)	(1)	(32)	(1)
Other	(2)	9	6	14
Total	$ 36	$ 48	$ 69	$ 79

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Investments (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Investment in Marketable Securities
Current Investments	$ 132		$ 132		$ 94
Long-Term Investments	1,185		1,185		1,472
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Abstract
Securities continuous unrealized losses less than 12 months - unrealized losses	14		14		18
Securities continuous unrealized losses greater than 12 months - unrealized losses	9		9		8
Securities continuous unrealized losses - unrealized losses	23		23		26
Available For Sale Securities Continuous Unrealized Loss Position Fair Value Abstract
Securities continuous unrealized losses less than 12 months - fair value	34		34		42
Securities continuous unrealized losses greater than 12 months - fair value	24		24		24
Securities continuous unrealized losses - fair value	58		58		66
Investments (Textuals) [Abstract]
Payments to acquire marketable securities			196	15
Gain on sale of investments, net	0	50	0	50
Impairment of marketable securities	8	1	32	1
Current [Member]
Investment in Marketable Securities
Cost/Equity Basis	122		122		75
Unrealized Gain	13		13		20
Unrealized Loss	(3)		(3)		(1)
Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	639		639		625
Unrealized Gain	567		567		872
Unrealized Loss	(21)		(21)		(25)
Other Investments, at Cost	12		12		11
Paladin Energy Ltd [Member] | Current [Member]
Investment in Marketable Securities
Cost/Equity Basis	60		60		60
Unrealized Gain	7		7		13
Unrealized Loss	0		0		0
Fair/Equity Basis - Current Marketable Equity Securities	67		67		73
Other Equity Securities [Member] | Current [Member]
Investment in Marketable Securities
Cost/Equity Basis	14		14		15
Unrealized Gain	6		6		7
Unrealized Loss	(3)		(3)		(1)
Fair/Equity Basis - Current Marketable Equity Securities	17		17		21
Other Equity Securities [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	68		68		92
Unrealized Gain	8		8		16
Unrealized Loss	(12)		(12)		(17)
Fair/Equity Basis - Long-Term Marketable Equity Securities	64		64		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	14		14		18
Securities continuous unrealized losses greater than 12 months - unrealized losses	0		0		0
Securities continuous unrealized losses - unrealized losses	14		14		18
Available For Sale Securities Continuous Unrealized Loss Position Fair Value Abstract
Securities continuous unrealized losses less than 12 months - fair value	34		34		42
Securities continuous unrealized losses greater than 12 months - fair value	0		0		0
Securities continuous unrealized losses - fair value	34		34		42
Investments (Textuals) [Abstract]
Asset retirement obligation restricted asset	10		10		4
Marketable Equity Securities [Member] | Current [Member]
Investment in Marketable Securities
Cost/Equity Basis	74		74
Unrealized Gain	13		13
Unrealized Loss	(3)		(3)
Fair/Equity Basis - Current Marketable Equity Securities	84		84
Marketable Equity Securities [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	483		483		506
Unrealized Gain	565		565		871
Unrealized Loss	(12)		(12)		(17)
Fair/Equity Basis - Long-Term Marketable Equity Securities	1,036		1,036		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		0
Securities continuous unrealized losses greater than 12 months - unrealized losses	6		6		6
Securities continuous unrealized losses - unrealized losses	6		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		0
Securities continuous unrealized losses greater than 12 months - fair value	19		19		19
Securities continuous unrealized losses - fair value	19		19		19
Asset Backed Commercial Paper [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	25		25		25
Unrealized Gain	0		0		0
Unrealized Loss	(6)		(6)		(6)
Fair/Equity Basis - Long-Term Marketable Debt Securities	19		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		0
Securities continuous unrealized losses greater than 12 months - unrealized losses	3		3		2
Securities continuous unrealized losses - unrealized losses	3		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		0
Securities continuous unrealized losses greater than 12 months - fair value	5		5		5
Securities continuous unrealized losses - fair value	5		5		5
Auction Rate Securities [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	8		8		7
Unrealized Gain	0		0		0
Unrealized Loss	(3)		(3)		(2)
Fair/Equity Basis - Long-Term Marketable Debt Securities	5		5		5
Corporate Debt Securities [Member] | Current [Member]
Investment in Marketable Securities
Unrealized Gain	0		0
Unrealized Loss	0		0
Fair/Equity Basis - Current Marketable Debt Securities	48		48
Corporate Debt Securities [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	48		48		10
Unrealized Gain	2		2		1
Unrealized Loss	0		0		0
Fair/Equity Basis - Long-Term Marketable Debt Securities	50		50		11
Debt Securities [Member]
Investments (Textuals) [Abstract]
Asset retirement obligation restricted asset	7		7		11
Debt Securities [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	81		81		42
Unrealized Gain	2		2		1
Unrealized Loss	(9)		(9)		(8)
Fair/Equity Basis - Long-Term Marketable Debt Securities	74		74		35
Canadian Oil Sands Ltd [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	303		303		302
Unrealized Gain	296		296		401
Unrealized Loss	0		0		0
Fair/Equity Basis - Long-Term Marketable Equity Securities	599		599		703
Gabriel Resources Ltd [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	76		76		76
Unrealized Gain	1		1		236
Unrealized Loss	0		0		0
Fair/Equity Basis - Long-Term Marketable Equity Securities	77		77		312
Regis [Member] | Long-term [Member]
Investment in Marketable Securities
Cost/Equity Basis	36		36		36
Unrealized Gain	260		260		218
Unrealized Loss	0		0		0
Fair/Equity Basis - Long-Term Marketable Equity Securities	296		296		254
La Zanja [Member] | Long-term [Member]
Investment in Marketable Securities
Equity Method Investments	61		61		66
Euronimba [Member] | Long-term [Member]
Investment in Marketable Securities
Equity Method Investments	$ 2		$ 2

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Other Liabilities

6 Months Ended

Jun. 30, 2012

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

OTHER LIABILITIES

NOTE 22    OTHER LIABILITIES

		At June 30,		At December 31,
		2012		2011
Other current liabilities:
	Refinery metal payable	$	393	$	796
	Accrued capital expenditures		237		248
	Accrued operating costs		231		231
	Interest		79		55
	Taxes other than income and mining		78		93
	Reclamation and remediation liabilities		66		71
	Deferred income tax		54		50
	Royalties		38		53
	Boddington contingent consideration		28		24
	Holt property royalty		17		17
	Derivative instruments		8		408
	Other		58		87
		$	1,287	$	2,133
Other long-term liabilities:
	Holt property royalty	$	226	$	159
	Income and mining taxes		75		88
	Power supply agreements		45		45
	Boddington contingent consideration		16		30
	Derivative instruments		4		6
	Other		37		36
		$	403	$	364

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Other Liabilities (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Other current liabilities:
Refinery metal payable	$ 393	$ 796
Accrued capital expenditures	237	248
Accrued operating costs	231	231
Interest	79	55
Taxes other than income and mining	78	93
Reclamation and remediation liabilities	66	71
Deferred income tax	54	50
Royalties	38	53
Boddington contingent consideration	28	24
Holt property royalty	17	17
Derivative instruments	8	408
Other	58	87
Other current liabilities, total	1,287	2,133
Other long-term liabilities:
Holt property royalty	226	159
Income and mining taxes	75	88
Power supply agreements	45	45
Boddington contingent consideration	16	30
Derivative instruments	4	6
Other	37	36
Other long-term liabilities, total	$ 403	$ 364

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Employee Pension and Other Benefit Plans (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
		2012		2011		2012		2011
Pension benefit costs, net
	Service cost	$	8	$	6	$	15	$	12
	Interest cost		11		10		21		20
	Expected return on plan assets		(11)		(11)		(22)		(21)
	Amortization		8		7		14		12
		$	16	$	12	$	28	$	23
		Three Months Ended June 30,				Six Months Ended June 30,
		2012		2011		2012		2011
Other benefit costs, net
	Service cost	$	-	$	-	$	1	$	1
	Interest cost		2		1		3		2
		$	2	$	1	$	4	$	3

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Fair Value Accounting

6 Months Ended

Jun. 30, 2012

Fair Value Accounting [Abstract]

FAIR VALUE ACCOUNTING

NOTE 15FAIR 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 June 30, 2012
			Total		Level 1		Level 2		Level 3
Assets:
	Cash equivalents		$	503	$	503	$	-	$	-
	Marketable equity securities:
		Extractive industries		1,110		1,110		-		-
		Other		10		10		-		-
	Marketable debt securities:
		Asset backed commercial paper		19		-		-		19
		Corporate		98		-		98		-
		Auction rate securities		5		-		-		5
	Trade receivable from provisional copper
		and gold concentrate sales, net		179		179		-		-
	Derivative instruments, net:
		Foreign exchange forward contracts		223		-		223		-
			$	2,147	$	1,802	$	321	$	24
Liabilities:
	Diesel forward contracts			8		-		8		-
	Boddington contingent consideration			44		-		-		44
	Holt property royalty			243		-		-		243
			$	295	$	-	$	8	$	287

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 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's marketable debt securities include investments in auction rate securities and asset backed commercial paper. The Company reviews the fair value for auction rate securities and asset backed commercial paper on 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. This contingent royalty is capped at $100, and at June 30, 2012, the Company has accrued the maximum of $100.At June 30, 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 approximate4% 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 approximate4%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 six months endedJune 30, 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		-		-		-		(22)		(8)		(30)
	Revaluation		-		-		-		12		75		87
Balance at end of period		$	5	$	19	$	24	$	44	$	243	$	287

At June 30, 2012, assets and liabilities classified within Level 3 of the fair value hierarchy represent 1%and 97%, respectively,of total assets and liabilities measured at fair value.