Newmont (NEM) 10-Q 29 Oct 09 2009 Q3 Quarterly report Financial data

Document and Company Informatio

Document and Company Information (USD $)
	9 Months Ended Sep. 30, 2009	Oct. 23, 2009	Jun. 30, 2008
Document And Company Information [Abstract]
Entity Registrant Name	NEWMONT MINING CORP /DE/
Entity Central Index Key	0001164727
Document Type	10-Q
Document Period End Date	2009-09-30
Amendment Flag	false
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 Public Float			$23,670,310,860
Entity Common Stock, Shares Outstanding		480,405,625

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data	3 Months Ended Sep. 30, 2009		3 Months Ended Sep. 30, 2008		9 Months Ended Sep. 30, 2009		9 Months Ended Sep. 30, 2008
Revenues
Sales - gold, net	$1,653		$1,281		$4,401		$4,094
Sales - copper, net	396		90		786		705
Total revenues, net	2,049		1,371		5,187		4,799
Costs and expenses
Costs applicable to sales - gold	694	[1]	692	[1]	1,983	[1]	1,969	[1]
Costs applicable to sales - copper	71	[1]	88	[1]	217	[1]	342	[1]
Amortization	199		186		566		548
Accretion	8		7		25		23
Exploration	55		57		147		154
Advanced projects, research and development	27		44		100		113
General and administrative	39		37		118		103
Other expense, net	67		69		259		249
Total costs and expenses	1,160		1,180		3,415		3,501
Other income (expense)
Other income, net	25		66		43		100
Interest expense, net	(10)		(35)		(65)		(98)
Total other income (expense)	15		31		(22)		2
Income from continuing operations before income tax and other items	904		222		1,750		1,300
Income tax expense	(253)		(6)		(494)		(193)
Equity loss of affiliates	(6)		(1)		(14)		(6)
Income from continuing operations	645		215		1,242		1,101
Income (loss) from discontinued operations	0		7		(14)		17
Net income	645		222		1,228		1,118
Net income attributable to noncontrolling interests	(257)		(31)		(489)		(291)
Net income attributable to Newmont stockholders	388		191		739		827
Net income attributable to Newmont stockholders:
Continuing operations	388		182		748		809
Discontinued operations	0		9		(9)		18
Net income attributable to Newmont common stockholders	$388		$191		$739		$827
Basic:
Continuing operations	0.79		0.4		1.54		1.78
Discontinued operations	$0		0.02		-0.02		0.04
Total income per common share, Basic	0.79		0.42		1.52		1.82
Diluted:
Continuing operations	0.79		0.4		1.54		1.77
Discontinued operations	$0		0.02		-0.02		0.04
Total income per common share, Diluted	0.79		0.42		1.52		1.81
Basic weighted-average common shares outstanding	490		454		485		454
Diluted weighted-average common shares outstanding	491		455		486		456
Cash dividends declared per common share	0.1		0.1		0.3		0.3
[1]Exclusive of Amortization and Accretion.

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Millions	Sep. 30, 2009	Dec. 31, 2008
ASSETS
Cash and cash equivalents	$3,022	$435
Marketable securities and other short-term investments	19	12
Trade receivables	280	104
Accounts receivable	114	214
Inventories	479	507
Stockpiles and ore on leach pads	354	290
Deferred income tax assets	189	284
Other current assets	581	455
Current assets	5,038	2,301
Property, plant and mine development, net	12,150	10,128
Investments	1,069	655
Stockpiles and ore on leach pads	1,411	1,136
Deferred income tax assets	999	1,039
Other long-term assets	261	207
Goodwill	188	188
Assets of operations held for sale	31	73
Total assets	21,147	15,727
LIABILITIES
Current portion of long-term debt	225	165
Accounts payable	338	411
Employee-related benefits	201	170
Income and mining taxes	211	61
Other current liabilities	1,226	770
Current liabilities	2,201	1,577
Long-term debt	4,698	3,072
Reclamation and remediation liabilities	724	699
Deferred income tax liabilities	1,229	1,051
Employee-related benefits	377	379
Other long-term liabilities	236	252
Liabilities of operations held for sale	13	36
Total liabilities	9,478	7,066
EQUITY
Common stock	768	709
Additional paid-in capital	8,060	6,831
Accumulated other comprehensive income (loss)	454	(253)
Retained earnings	641	4
Newmont stockholders' equity	9,923	7,291
Noncontrolling interests	1,746	1,370
Total equity	11,669	8,661
Total liabilities and equity	$21,147	$15,727

1_Condensed Consolidated Statem

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Operating activities:
Net income	$1,228	$1,118
Adjustments:
Amortization	566	548
Loss (income) from discontinued operations	14	(17)
Accretion of accumulated reclamation obligations	34	30
Deferred income taxes	7	(222)
Impairment of marketable securities	6	90
Stock based compensation and other benefits	44	38
Gain on asset sales, net	(3)	(70)
Reclamation estimate revisions	0	74
Other operating adjustments and write-downs	77	73
Net change in operating assets and liabilities	(27)	(494)
Net cash provided from continuing operations	1,946	1,168
Net cash provided from (used in) discontinued operations	3	(105)
Net cash provided from operations	1,949	1,063
Investing activities:
Additions to property, plant and mine development	(1,314)	(1,350)
Investments in marketable debt and equity securities	0	(18)
Proceeds from sale of marketable debt and equity securities	10	50
Acquisitions, net	(766)	(325)
Other	(18)	26
Net cash used in investing activities of continuing operations	(2,088)	(1,617)
Net cash used in investing activities of discontinued operations	0	(11)
Net cash used in investing activities	(2,088)	(1,628)
Financing activities:
Proceeds from debt, net	4,302	2,801
Repayment of debt	(2,604)	(2,249)
Dividends paid to common stockholders	(147)	(136)
Dividends paid to noncontrolling interests	(115)	(247)
Proceeds from stock issuance, net	1,248	27
Change in restricted cash and other	5	19
Net cash provided from financing activities of continuing operations	2,689	215
Net cash used in financing activities of discontinued operations	(2)	(3)
Net cash provided from financing activities	2,687	212
Effect of exchange rate changes on cash	39	(24)
Net change in cash and cash equivalents	2,587	(377)
Cash and cash equivalents at beginning of period	435	1,230
Cash and cash equivalents at end of period	$3,022	$853

Basis of Presentation

Basis of Presentation
	9 Months Ended Sep. 30, 2009 USD / shares
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 Company has evaluated all subsequent events through October28, 2009. 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 Newmonts Consolidated Financial Statements for the year ended December 31, 2008 included in its Form 8-K, filed September15, 2009. The year-end balance sheet data was derived from the audited financial statements, but does not include all disclosures required by U.S. generally accepted accounting principles (GAAP). References to A$ refer to Australian currency, C$ to Canadian currency, IDR to Indonesian currency, NZ$ to New Zealand currency and $ to United States currency.

Summary of Significant Accounti

Summary of Significant Accounting Policies
	9 Months Ended Sep. 30, 2009 USD / shares
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Recently Adopted Accounting Pronouncements The Accounting Standards Codification In June2009, the Financial Accounting Standards Board (FASB) established the FASB Accounting Standards Codification (ASC) as the single source of authoritative GAAP to be applied by nongovernmental entities. The ASC is a new structure which took existing accounting pronouncements and organized them by accounting topic. Relevant authoritative literature issued by the Securities and Exchange Commission (SEC) and select SEC staff interpretations and administrative literature was also included in the ASC. All other accounting guidance not included in the ASC is non-authoritative. The ASC was effective for the Companys interim quarterly period beginning July1, 2009. The adoption of the ASC did not have an impact on the Companys consolidated financial position, results of operations or cash flows. Subsequent Events In May2009, the ASC guidance for subsequent events was updated to establish accounting and reporting standards for events that occur after the balance sheet date but before financial statements are issued or are available to be issued. The update sets forth: (i)the period after the balance sheet date during which management of a reporting entity should evaluate events or transactions that may occur for potential recognition or disclosure in the financial statements, (ii)the circumstances under which an entity should recognize events or transactions occurring after the balance sheet in its financial statements, and (iii)the disclosures that an entity should make about events or transactions occurring after the balance sheet date in its financial statements. The Company adopted the updated guidance for the interim period ended June30, 2009. The adoption had no impact on the Companys consolidated financial position, results of operations or cash flows. Post-Retirement Benefit Plans In December2008, the ASC guidance for retirement benefits was updated to expand the requirements of employers disclosures about post-retirement benefit plan assets in a defined benefit pension or other post-retirement plan. The objective is to require more detailed disclosures about employers plan assets, including employers investment strategies, major categories of plan assets, concentrations of risk within plan assets, and valuation techniques used to measure the fair value of plan assets. The Company adopted the updated guidance on January1, 2009. These disclosures are not required for earlier periods that are presented for comparative purposes. Equity Method Investments In November2008, the ASC guidance for equity method and joint venture investments was updated to clarify the accounting for certain transactions and impairment considerations involving equity method investments. The intent is to provide guidance on: (i)determining the initial measurement of an equity method investment, (ii)recognizing other-than- temporary impairments of an equity method investment and (iii)accounting for an equity method investees issuance of shares. The updated guidance was effective for the Companys fiscal year b

Advanced Projects, Research and

Advanced Projects, Research and Develpoment
	9 Months Ended Sep. 30, 2009 USD / shares
Advanced Projects, Research And Development [Abstract]
ADVANCED PROJECTS, RESEARCH AND DEVELOPMENT	NOTE 3 ADVANCED PROJECTS, RESEARCH AND DEVELOPMENT Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Boddington $ 11 $ 1 $ 24 $ 3 Hope Bay 2 16 18 29 Technical and project services 6 5 18 15 Corporate 3 3 10 10 Nevada underground 1 1 9 1 Akyem 2 2 5 5 Fort a la Corne JV 6 1 19 Other 2 10 15 31 $ 27 $ 44 $ 100 $ 113

Other Expense, Net

Other Expense, Net
	9 Months Ended Sep. 30, 2009 USD / shares
Other Expense, Net [Abstract]
OTHER EXPENSE, NET	NOTE 4 OTHER EXPENSE, NET Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Boddington acquisition costs (Note 14) $ $ $ 67 $ Regional administration 14 10 40 31 Community development 12 15 33 47 Western Australia power plant 18 2 27 15 Peruvian royalty 8 4 19 15 Workforce reduction 15 Batu Hijau divestiture 3 2 9 7 Accretion, non-operating (Note 23) 3 2 9 7 World Gold Council dues 2 3 8 8 Reclamation estimate revisions (Note 23) 13 74 Pension settlement loss (Note 6) 1 12 Provision for bad debts 11 11 Other 7 6 32 22 $ 67 $ 69 $ 259 $ 249

Other Income, Net

Other Income, Net
	9 Months Ended Sep. 30, 2009 USD / shares
Other Income, Net [Abstract]
OTHER INCOME, NET	NOTE 5 OTHER INCOME, NET Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Canadian Oil Sands Trust income $ 7 $ 36 $ 16 $ 91 Refinery income 9 2 13 2 Interest income 2 7 11 24 Gain on sale of investments, net 2 19 2 29 Foreign currency exchange gains (losses), net 2 (7 ) (20 ) Gain on sale of exploration property 32 32 Income from development projects, net 3 12 (Loss) gain on ineffective portion of derivative instruments, net (Note 16) (1 ) 3 (5 ) 5 Impairment of marketable securities (Note 17) (34 ) (6 ) (90 ) Other 4 5 12 15 $ 25 $ 66 $ 43 $ 100

Employee Pension and Other Bene

Employee Pension and Other Benefit Plans
	9 Months Ended Sep. 30, 2009 USD / shares
Employee Pension and Other Benefit Plans [Abstract]
EMPLOYEE PENSION AND OTHER BENEFIT PLANS	NOTE 6 EMPLOYEE PENSION AND OTHER BENEFIT PLANS Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Pension benefit costs, net Service cost $ 5 $ 4 $ 14 $ 12 Interest cost 8 7 24 22 Expected return on plan assets (8 ) (7 ) (22 ) (21 ) Amortization of prior service cost 1 Amortization of loss 4 11 2 $ 9 $ 4 $ 28 $ 15 Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Other benefit costs, net Service cost $ 1 $ $ 2 $ 1 Interest cost 1 1 4 3 Amortization of gain (1 ) $ 2 $ 1 $ 6 $ 3 For the three months ended September30, 2009 and 2008, the Company recognized pension settlement losses of $nil and $1, respectively, related to senior management retirements. For the nine months ended September30, 2009 and 2008, the Company recognized pension settlement losses of $nil and $12, respectively, related to senior management retirements. These costs were recorded in Other expense, net (see Note 4).

Stock Based Compensation

Stock Based Compensation
	9 Months Ended Sep. 30, 2009 USD / shares
Stock Based Compensation [Abstract]
STOCK BASED COMPENSATION	NOTE 7 STOCK BASED COMPENSATION The Company recognized stock options and other stock based compensation as follows: Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Stock options $ 3 $ 5 $ 11 $ 13 Restricted stock units 3 6 Deferred stock awards 2 3 10 8 Restricted stock awards 1 3 4 $ 8 $ 9 $ 30 $ 25 For the three months ended September30, 2009 and 2008, no stock options were granted. For the nine months ended September30, 2009 and 2008, 1,157,825 and 1,116,963 stock options, respectively, were granted at a weighted-average exercise price of $40 and $44, respectively, per underlying share of the Companys common stock. At September30, 2009, unrecognized compensation costs related to unvested stock options was $22. This cost is expected to be recognized over a weighted-average period of approximately 2.2years. For the three months ended September30, 2009 and 2008, no shares of restricted stock units were granted. For the nine months ended September30, 2009 and 2008, 490,273 and 8,927 shares of restricted stock units, respectively, were granted, at a weighted-average fair market value of $42 and $49, respectively. No deferred stock awards were granted during the three and nine months ended September30, 2009, and the three months ended September30, 2008. For the nine months ended September30, 2008, 394,095 deferred stock awards were granted at a weighted-average fair market value of $44. No restricted stock awards were granted during the three and nine months ended September30, 2009. For the three and nine months ended September30, 2008, 4,034 and 118,697 shares of restricted stock, respectively, were granted and issued, at a weighted-average fair market value of $50 and $49, respectively.

Income Taxes

Income Taxes
	9 Months Ended Sep. 30, 2009 USD / shares
Income Taxes [Abstract]
INCOME TAXES	NOTE 8 INCOME TAXES 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 paid the 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 Companys business conducted within the country involved. At September30, 2009, the Companys total unrecognized tax benefit was $120 for uncertain tax positions taken or expected to be taken on tax returns. Of this, $93 represents the amount of unrecognized tax benefits that, if recognized, would affect the Companys effective income tax rate. Also included in the balance at September30, 2009 is $12 of tax positions that, due to the impact of deferred tax accounting, the potential disallowance of which would not affect the annual effective tax rate. In April2009, the United States Tax Court issued an opinion for Santa Fe Pacific Gold Company and Subsidiaries (Santa Fe), by and through its successor in interest, Newmont USA Limited, a member of the Newmont Mining Corporation (Newmont) affiliated group. The Tax Court ruled in favor of Santa Fe regarding the deductibility of a termination fee that had been paid in 1997 as part of a merger agreement. At September30, 2009, Newmont had not been notified by the Commissioner of the Internal Revenue Service (Commissioner) regarding a decision to appeal the Tax Court Ruling. If the Commissioner does not file an appeal, the Company will be decreasing its liability and accrued interest for uncertain income tax positions in the fourth quarter of 2009. As a result of (i)statute of limitations that expire in the next 12months in various jurisdictions, (ii)the effects of the aforementioned closure with respect to the Santa Fe matters described above and (iii)possible settlements of audit-related issues with taxing authorities in various jurisdictions, the Company believes that it is reasonably possible that the total amount of its net unrecognized income tax benefits will decrease by approximately $55 to $87 in the next 12 months.

Discontinued Operations

Discontinued Operations
	9 Months Ended Sep. 30, 2009 USD / shares
Discontinued Operations [Abstract]
DISCONTINUED OPERATIONS	NOTE 9 DISCONTINUED OPERATIONS Discontinued operations include the Companys Kori Kollo operation sold in July2009 and the royalty portfolio and Pajingo operations, both sold in December2007. The Company has reclassified the historical balance sheet amounts and the income statement results to Assets and Liabilities of operations held for sale on the Condensed Consolidated Balance Sheets and to Income (loss)from discontinued operations in the Condensed Consolidated Statements of Income for all periods presented. The Condensed Consolidated Statements of Cash Flows have been reclassified for assets held for sale and discontinued operations for all periods presented. The following table details selected financial information included in the Income (loss)from discontinued operations in the Condensed Consolidated Statements of Income: Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Sales gold, net $ $ 21 $ 32 $ 58 Income (loss)from operations $ $ (19 ) $ 1 $ (7 ) Loss on impairment (44 ) Gain on sale of royalty portfolio 5 Gain on sale of Pajingo assets 1 Pre-tax loss (19 ) (43 ) (1 ) Income tax benefit 26 29 18 Income (loss)from discontinued operations $ $ 7 $ (14 ) $ 17 The major classes of Assets and Liabilities of operations held for sale in the Condensed Consolidated Balance Sheets are as follows: At September 30, At December 31, 2009 2008 Assets: Accounts receivable $ $ 9 Inventories 12 Stockpiles and ore on leach pads 43 Property, plant and mine development 4 Deferred income tax assets 31 2 Other assets 3 Total assets of operations held for sale $ 31 $ 73 Liabilities: Current and long-term debt $ $ 4 Accounts payable 1 Employee-related benefits 8 Reclamation and remediation liabilities 17 Other liabilities 13 6 Total liabilities of operations held for sale $ 13 $ 36 The following table details selected financial information included in Net cash provided from (used in) discontinued operations, Net cash used in investing activities of discontinued operations and Net cash used in financing activities of discontinued operations: Nine Months Ended September 30, 2009 2008 Net cash provided from (used in) discontinued operations: (Loss) income from discontinued operations $ (14 ) $ 17 Impairment of assets held for sale 44 Write-down of inventory 7 Amortization 3 7 Deferred income taxes (30 ) (1 ) Other operating

Noncontrolling Interests

Noncontrolling Interests
	9 Months Ended Sep. 30, 2009 USD / shares
Noncontrolling Interests [Abstract]
NONCONTROLLING INTERESTS	NOTE 10 NONCONTROLLING INTERESTS Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Batu Hijau $ 156 $ (17 ) $ 248 $ 103 Yanacocha 99 49 243 188 Other 2 (1 ) (2 ) $ 257 $ 31 $ 489 $ 291 Newmont currently has a 45% ownership interest in Batu Hijau, held through NTP with an affiliate of Sumitomo Corporation of Japan (Sumitomo). Newmont has a 56.25% interest in NTP and the Sumitomo affiliate holds the remaining 43.75%. NTP in turn owns 80% of P.T. Newmont Nusa Tenggara (PTNNT), the Indonesian subsidiary that operates the Batu Hijau mine. Newmont identified NTP as a VIE as a result of certain capital structures and contractual relationships and has fully consolidated Batu Hijau in its consolidated financial statements since January1, 2004. The remaining 20% interest in PTNNT is owned by P.T. Pukuafu Indah (PTPI), an unrelated Indonesian company. NTPs interest in PTNNT was the subject of an international arbitration proceeding and a final award concerning PTNNTs interest was issued by the arbitration panel on March31, 2009. For further information concerning the arbitration award, see Note 27. Newmont has a 51.35% ownership interest in Yanacocha, with the remaining interests held by Compaia de Minas Buenaventura, S.A.A. (43.65%) and the International Finance Corporation (5%). In April2008, the Company purchased 15,960 additional shares of European Gold Refineries SA joint venture (EGR) for $11 in cash increasing its ownership interest to 56.67% from 46.72%. The acquisition of the additional interest resulted in the consolidation of EGR. In November2008, EGR repurchased 6.55% of its own shares from a minority shareholder bringing Newmonts ownership to 60.64%. Swiss residents hold the remaining 39.36%. Prior to consolidation, the Company accounted for EGR using the equity method of accounting.

Income Per Common Share

Income Per Common Share
	9 Months Ended Sep. 30, 2009 USD / shares
Income Per Common Share [Abstract]
INCOME PER COMMON SHARE	NOTE 11 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 the denominator is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common shares had been issued. Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Numerator: Net income attributable to Newmont stockholders Continuing operations $ 388 $ 182 $ 748 $ 809 Discontinued operations 9 (9 ) 18 $ 388 $ 191 $ 739 $ 827 Denominator: Basic 490 454 485 454 Effect of employee stock-based awards 1 1 1 2 Diluted 491 455 486 456 Net income attributable to Newmont stockholders per common share Basic: Continuing operations $ 0.79 $ 0.40 $ 1.54 $ 1.78 Discontinued operations 0.02 (0.02 ) 0.04 $ 0.79 $ 0.42 $ 1.52 $ 1.82 Diluted: Continuing operations $ 0.79 $ 0.40 $ 1.54 $ 1.77 Discontinued operations 0.02 (0.02 ) 0.04 $ 0.79 $ 0.42 $ 1.52 $ 1.81 In February2009, the Company completed a public offering of 34,500,000 shares of common stock at $37 per share for net proceeds of $1,233. Options to purchase 5.1million and 1.1million shares of common stock at average exercise prices of $46 and $55 were outstanding at September30, 2009 and 2008, respectively, but were not included in the computation of diluted weighted average number of common shares because the exercise prices of the options exceeded the price of the common stock. In July2007 and February2009, Newmont issued $1,150 and $518, respectively, of convertible notes that, if converted in the future, would have a potentially dilutive effect on the Companys stock. Under the indenture for the convertible notes, upon conversion Newmont is required to settle the principal amount of the convertible notes in cash and may elect to settle the remaining conversion obligation (stock price in excess of the conversion price) 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 accounting guidance for earnings per share. Under the net share settlement method, the Company includes the amount of shares it would take to satisfy the conversion obligation, assuming

Comprehensive Income

Comprehensive Income (Loss)
	9 Months Ended Sep. 30, 2009 USD / shares
Comprehensive Income (Loss) [Abstract]
COMPREHENSIVE INCOME (LOSS)	NOTE 12 COMPREHENSIVE INCOME (LOSS) Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Net income $ 645 $ 222 $ 1,228 $ 1,118 Other comprehensive income (loss), net of tax: Unrealized gain (loss)on marketable securities (Note 17) 120 (481 ) 312 (77 ) Foreign currency translation adjustments 118 (103 ) 207 (120 ) Pension and other benefit liability adjustments 3 1 6 9 Change in fair value of cash flow hedge instruments: Net change from periodic revaluations 77 (106 ) 163 (55 ) Net amount reclassified to income (5 ) (2 ) 19 (10 ) Net unrecognized gain (loss)on derivatives 72 (108 ) 182 (65 ) 313 (691 ) 707 (253 ) Comprehensive income (loss) $ 958 $ (469 ) $ 1,935 $ 865 Comprehensive income (loss)attributable to: Newmont stockholders $ 700 $ (498 ) $ 1,444 $ 576 Noncontrolling interests 258 29 491 289 $ 958 $ (469 ) $ 1,935 $ 865

Changes In Equity

Changes In Equity
	9 Months Ended Sep. 30, 2009 USD / shares
Changes In Equity [Abstract]
CHANGES IN EQUITY	NOTE 13 CHANGES IN EQUITY Nine Months Ended September 30, 2009 2008 Common stock: At beginning of period $ 709 $ 696 Common stock offering 55 Stock based compensation 2 2 Shares issued in exchange for exchangeable shares 2 6 At end of period 768 704 Additional paid-in capital: At beginning of period 6,831 6,916 Common stock offering 1,178 Convertible debt issuance 46 Common stock dividends (45 ) (136 ) Stock based compensation 53 71 Shares issued in exchange for exchangeable shares (3 ) (7 ) At end of period 8,060 6,844 Accumulated other comprehensive income (loss): At beginning of period (253 ) 957 Other comprehensive income (loss) (Note 12) 707 (253 ) At end of period 454 704 Retained earnings (deficit): At beginning of period 4 (809 ) Net income attributable to Newmont stockholders 739 827 Common stock dividends (102 ) At end of period 641 18 Noncontrolling interests: At beginning of period 1,370 1,449 Net income attributable to noncontrolling interests 489 291 Dividends paid to noncontrolling interests (115 ) (247 ) Other comprehensive income (loss) 2 (2 ) Acquisition of noncontrolling interest in Miramar Mining Corporation (39 ) Acquisition of noncontrolling interest in EGR 24 At end of period 1,746 1,476 Total equity $ 11,669 $ 9,746 On February3, 2009, the Company completed a public offering of $518 convertible senior notes, including notes offered to cover over-allotments, maturing on February15, 2012 for net proceeds of $504 after deducting the underwriters discount and expenses of the offering (see Note 21). Additionally, on February3, 2009, the Company completed a public offering of 34,500,000 shares of common stock, including shares offered to cover over-allotments, at a price of $37 per share, for net proceeds of $1,233 after deducting the underwriters discount and expenses of the offering.

Acquisitions

Acquisitions
	9 Months Ended Sep. 30, 2009 USD / shares
Acquisitions [Abstract]
ACQUISITIONS	NOTE 14 ACQUISITIONS On June25, 2009, the Company completed the acquisition of the remaining 33.33% interest in Boddington from AngloGold Ashanti Australia Limited (AngloGold). The valuation date for the transaction is January1, 2009, and closing adjustments were made to reflect Newmonts economic ownership from that date. Consideration for the acquisition consists of $750 less an $8 closing adjustment paid in cash at closing, $240 payable in cash and/or Newmont common stock, at the Companys option, by December2009, and a contingent royalty capped at $100, equal to 50% of the average realized operating margin (Revenue less Costs applicable to sales on a by-product basis), if any, exceeding $600 per ounce, payable quarterly on one-third of gold sales from Boddington. The following table summarizes the consideration to acquire the remaining interest in Boddington: Cash $ 742 Cash and/or common shares 240 Contingent consideration (fair value) 62 $ 1,044 The Company estimates that the fair value of the contingent consideration is approximately $62, and recognized this as part of the purchase price at the acquisition date. Amounts are payable under the contingent royalty beginning in the second quarter of 2010. The range of undiscounted amounts the Company could pay is between $0 and $100. The fair value of the contingent royalty recognized was estimated by applying the income approach. See Note 15 for a description of the key inputs used in deriving fair value. In connection with the acquisition, Newmont incurred transaction costs of $67 (shown in Note 4, Other expense, net), including Australian stamp duties. $14 of these costs were paid at September30, 2009. Additionally, in June2009, Newmont paid $182 to reimburse AngloGold for its share of capital and other project expenditures from January1, 2009 to June25, 2009. The reimbursement of capital expenditures is included in Property, plant and mine development, net, and as Additions to property, plant and mine development on the cash flow statement. The purchase price allocation based on the estimated fair values of assets acquired and liabilities assumed is as follows: Assets: Cash $ 1 Property, plant and mine development, net 1,073 Inventories and stockpiles 7 Deferred income tax asset 28 Other assets 11 $ 1,120 Liabilities: Accrued liabilities $ 33 Reclamation liabilities 15 Deferred income tax liability 28 76 Net assets acquired $ 1,044 In the first quarter of 2009, La Herradura (of which Newmont owns 44%) purchased a mining property near its Mexico operation for cash consideration of $11 (Newmonts 44% share). The pro forma impact of all 2009 acquisitions on Net Income was not material. In December2007, the Company purchased approximately 70% of the common shares of Miramar Mining Corporation (Miramar), which, in addition to the shares previously owned, brought the Companys interest in Miramar to approximately 78%. During the first quarter of 2008, the Company complet

Fair Value Accounting

Fair Value Accounting
	9 Months Ended Sep. 30, 2009 USD / shares
Fair Value Accounting [Abstract]
FAIR VALUE ACCOUNTING	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 Companys 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 September 30, 2009 Total Level 1 Level 2 Level 3 Assets: Cash equivalents $ 1,733 $ 1,733 $ $ Marketable equity securities 1,029 1,029 Corporate marketable debt securities 10 10 Other marketable debt securities: Asset backed commercial paper 18 18 Auction rate securities 5 5 Trade receivable from provisional copper and gold concentrate sales, net 191 191 Derivative instruments, net 149 149 $ 3,135 $ 2,963 $ 149 $ 23 Liabilities: 8 5/8% debentures ($100 hedged portion) $ 97 $ $ 97 $ Boddington contingent consideration 62 62 $ 159 $ $ 97 $ 62 The Companys 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 Companys 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 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 Companys corporate marketable debt securities are valued using quoted market prices in active markets and as such are classified within Leve

Derivative Instruments

Derivative Instruments
	9 Months Ended Sep. 30, 2009 USD / shares
Derivative Instruments [Abstract]
DERIVATIVE INSTRUMENTS	NOTE 16 DERIVATIVE INSTRUMENTS The Company is exposed to certain financial and market risks relating to its ongoing business operations. The primary risks managed by using derivative instruments are foreign currency exchange risk, diesel price risk, and interest rate risk. In accordance with hedge accounting guidance, the Company designated currency fixed forward and option contracts as cash flow hedges, diesel forward contracts as cash flow hedges, treasury rate lock contracts as cash flow hedges of proceeds realized from debt issuances, and interest rate swap contracts as fair value hedges of a fixed-rate borrowing. All of the derivative instruments were transacted for risk management purposes and qualify as hedging instruments. The maximum period over which hedged forecasted transactions are expected to occur is three years. Cash Flow Hedges 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 currency rates. Newmont hedges up to 80% of the Companys IDR denominated operating expenditures which results in a blended IDR/$ rate realized each period. The hedging instruments are forward purchase contracts with expiration dates ranging up to one year from the date of issue. The principal hedging objective is reduction in the volatility of realized period-on-period IDR/$ rates. For the three months ended September 30, 2009 and 2008, the IDR/$ forward purchase contracts reduced Batu Hijau Costs applicable to sales by $1. For the nine months ended September30, 2009 and 2008, the IDR/$ forward purchase contracts increased Batu Hijau Costs applicable to sales by $1 and reduced Batu Hijau Costs applicable to sales by $2, respectively. At September30, 2009, the Company has hedged 20% of its expected remaining 2009 IDR operating expenditures. The Company hedges up to 85% of the Companys A$ denominated operating expenditures with forward contracts that have expiration dates ranging up to three years from the date of issue. The principal hedging objective is reduction in the volatility of realized period-on-period $/A$ rates. Each month, fixed forward contracts are obtained to hedge 1/36th of the forecasted monthly A$ operating cost exposure in the rolling three-year hedge period resulting in a blended $/A$ rate realized. For the three months ended September30, 2009 and 2008, the A$ operating hedging instruments reduced Australia/New Zealand Costs applicable to sales by $4 and $nil, respectively. For the nine months ended September30, 2009 and 2008, the A$ operating hedging instruments increased Australia/New Zealand Costs applicable to sales by $21 and reduced Australia/New Zealand Costs applicable to sales by $5, respectively. At September30, 2009, the Company has hedged 78% of its expected remaining 2009 A$ operating expenditures, and 53%, 30% and 9% of its expected 2010, 2011 and 2012 A$ operating expenditures, respectively. The Company hedges up to 75% of the Companys NZ$ denominated operating expenditures with forward contracts that have expiration dates ranging up to two years from the date of i

Investments

Investments
	9 Months Ended Sep. 30, 2009 USD / shares
Investments [Abstract]
INVESTMENTS	NOTE 17 INVESTMENTS At September 30, 2009 Cost/Equity Unrealized Fair/Equity Basis Gain Loss Basis Current: Marketable Equity Securities $ 8 $ 11 $ $ 19 Long-term: Marketable Debt Securities: Asset backed securities $ 25 $ $ (7 ) $ 18 Auction rate securities 7 (2 ) 5 Corporate 8 2 10 40 2 (9 ) 33 Marketable Equity Securities: Canadian Oil Sands Trust 285 593 878 Gabriel Resources Ltd. 72 29 101 Shore Gold Inc. 4 14 18 Other 9 4 13 370 640 1,010 Other investments, at cost 7 7 Investment in Affiliate: AGR Matthey Joint Venture 19 19 $ 436 $ 642 $ (9 ) $ 1,069 At December 31, 2008 Cost/Equity Unrealized Fair/Equity Basis Gain Loss Basis Current: Marketable Equity Securities $ 14 $ 1 $ (3 ) $ 12 Long-term: Marketable Debt Securities: Asset backed securities $ 25 $ $ (3 ) $ 22 Auction rate securities 7 (2 ) 5 32 (5 ) 27 Marketable Equity Securities: Canadian Oil Sands Trust 251 283 534 Gabriel Resources Ltd. 64 64 Shore Gold Inc. 6 6 Other 8 (3 ) 5 329 283 (3 ) 609 Other investments, at cost 7 7 Investment in Affiliate: AGR Matthey Joint Venture 12 12 $ 380 $ 283 $ (8 ) $ 655 During the third quarter of 2009, the Company did not recognize any impairments for other-than temporary declines in value, resulting in total impairments for the first nine months of 2009 of $2 for Shore Gold Inc. and $4 for other marketable equity securities. During the third quarter of 2008, the Company recognized impairments for other-than temporary declines in value of $26 for Shore Gold Inc. and $8 for other marketable securities, resulting in total impairments of $58 for Shore Gold Inc., $13 for Gabriel Resources Ltd. and $19 for other marketable securities for the first nine months of 2008. The following tables present the gross unrealized losses and fair value of the Companys investments with unrealized losses that are not deemed to be other-than-temporarily impaire

Inventories

Inventories
	9 Months Ended Sep. 30, 2009 USD / shares
Inventories [Abstract]
INVENTORIES	NOTE 18 INVENTORIES At September 30, At December 31, 2009 2008 In-process $ 70 $ 53 Concentrate 12 54 Precious metals 15 20 Materials, supplies and other 382 380 $ 479 $ 507 During the first nine months of 2009, the Company recorded write-downs of $5 to reduce the carrying value of material and supplies inventories to net realizable value, primarily related to Nevada and Batu Hijau. During the first nine months of 2008, the Company recorded write-downs of $1 to reduce the carrying value of material and supplies inventories to net realizable value, primarily related to Batu Hijau. Inventory write-downs are classified as components of Costs applicable to sales.

Stockpiles and Ore on Leach Pad

Stockpiles and Ore on Leach Pads
	9 Months Ended Sep. 30, 2009 USD / shares
Stockpiles and Ore on Leach Pads [Abstract]
STOCKPILES AND ORE ON LEACH PADS	NOTE 19 STOCKPILES AND ORE ON LEACH PADS At September 30, At December 31, 2009 2008 Current: Stockpiles $ 158 $ 117 Ore on leach pads 196 173 $ 354 $ 290 Long-term: Stockpiles $ 1,113 $ 872 Ore on leach pads 298 264 $ 1,411 $ 1,136 At September30, 2009, stockpiles were primarily located at Batu Hijau ($788), Nevada ($250) and Australia/New Zealand ($140) and leach pads were primarily located at Yanacocha ($310) and Nevada ($177). During the first nine months of 2008, the Company recorded write-downs of $2 included in Costs applicable to sales in Australia/New Zealand to reduce the carrying value of stockpiles to net realized value. Stockpile write-downs are classified as components of Costs applicable to sales.

Other Assets

Other Assets
	9 Months Ended Sep. 30, 2009 USD / shares
Other Assets [Abstract]
OTHER ASSETS	NOTE 20 OTHER ASSETS At September 30, At December 31, 2009 2008 Other current assets: Refinery metal inventory and receivable $ 355 $ 168 Derivative instruments (Note 16) 82 6 Other prepaid assets 64 43 Notes receivable 11 8 Prepaid income and mining taxes 11 187 Other 58 43 $ 581 $ 455 Other long-term assets: Derivative instruments (Note 16) $ 67 $ 8 Debt issuance costs 53 29 Restricted cash 30 33 Prepaid royalties 19 19 Other receivables 15 17 Corporate-owned life insurance 13 26 Prepaid maintenance costs 11 13 Other 53 62 $ 261 $ 207

Debt

Debt
	9 Months Ended Sep. 30, 2009 USD / shares
Debt [Abstract]
DEBT	NOTE 21 DEBT At September 30, 2009 At December 31, 2008 Current Non-Current Current Non-Current Sale-leaseback of refractory ore treatment plant $ 24 $ 164 $ 24 $ 188 8 5/8% debentures, net of discount (due 2011) 219 214 Corporate revolving credit facility (due 2012) 757 2012 convertible senior notes, net of discount 458 2014 convertible senior notes, net of discount 463 448 2017 convertible senior notes, net of discount 413 401 5 1/8% senior notes, net of discount (due 2019) 896 5 7/8% notes, net of discount (due 2035) 597 597 6 1/4% senior notes, net of discount (due 2039) 1,087 PTNNT project financing facility 87 176 87 219 PTNNT shareholder loans 72 18 Yanacocha credit facility 14 52 14 62 Yanacocha bonds 4 96 100 Ahafo project facility 10 70 9 66 Other project financings and capital leases 14 7 13 20 $ 225 $ 4,698 $ 165 $ 3,072 During the first nine months of 2009, the Company repaid all borrowings under its $2,000 revolving credit facility and completed three debt offerings. In February, the Company issued $518 convertible senior notes maturing on February15, 2012 for net proceeds of $504. The notes pay interest semi-annually at a rate of 3.0% per annum and the effective interest rate is 8.5%. The notes are convertible, at the holders option, equivalent to a conversion price of $46.25 per share of common stock. The portion of the proceeds related to the conversion feature has been recognized as additional paid-in capital. In September, the Company completed a two part public offering of $900 and $1,100 senior notes maturing on October1, 2019 and October1, 2039, respectively. Net proceeds from the 2019 and 2039 notes were $896 and $1,082, respectively. The 2019 notes pay interest semi-annually at a rate of 5.125% per annum and the 2039 notes pay semi-annual interest of 6.25% per annum. During the first quarter of 2009, PTNNT shareholders loaned an additional $124 to PTNNT. Total principal outstanding under the shareholder loans was $165 and $41 at September30, 2009 and December31, 2008, respectively. At September30, 2009 and December31, 2008, 43.75% or approximately $72 and $18, respectively, were due to Nusa Tenggara Mining Corporation, an affiliate of Sumitomo Mining Corporation, an unrelated third party, and was non-recourse to Newmont, with the remainder payable to Newmont. As further discussed in Note 27, through mid-October2009 the Company provided a joint and several guarantee for the payment of principal and interest amounts associated with the PTNNT project financing facility, which was non-recourse to Newmont at December31, 2008. On October21, 2009, the Company provided letters of credit to the Senior Lenders to secure 56.25% o

Other Liabilities

Other Liabilities
	9 Months Ended Sep. 30, 2009 USD / shares
Other Liabilities [Abstract]
OTHER LIABILITIES	NOTE 22 OTHER LIABILITIES At September 30, At December 31, 2009 2008 Other current liabilities: Refinery metal payable $ 355 $ 168 Boddington acquisition costs (Note 14) 292 Accrued capital expenditures 214 107 Accrued operating costs 133 137 Reclamation and remediation costs (Note 23) 53 58 Interest 53 35 Royalties 33 28 Peruvian royalty 19 18 Taxes other than income and mining 10 39 Deferred income tax 8 8 Derivative instruments (Note 16) 111 Other 56 61 $ 1,226 $ 770 Other long-term liabilities: Income and mining taxes $ 120 $ 167 Boddington contingent consideration (Note 14) 62 Derivative instruments (Note 16) 43 Other 54 42 $ 236 $ 252

Reclamation and Remediation Lia

Reclamation and Remediation Liabilities (Asset Retirement Obligations)
	9 Months Ended Sep. 30, 2009 USD / shares
Reclamation and Remediation Liabilities (Asset Retirement Obligations) [Abstract]
RECLAMATION AND REMEDIATION LIABILITIES (ASSET RETIREMENT OBLIGATIONS)	NOTE 23 RECLAMATION AND REMEDIATION LIABILITIES (ASSET RETIREMENT OBLIGATIONS) At September30, 2009 and December31, 2008, $624 and $594, respectively, were accrued for reclamation obligations relating to mineral properties in accordance with asset retirement obligation accounting guidance. 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 September30, 2009 and December31, 2008, $153 and $163, respectively, were accrued for such obligations. These amounts are also included in Reclamation and remediation liabilities. The following is a reconciliation of the liability for asset retirement obligations: Nine Months Ended September 30, 2009 2008 Balance at beginning of period $ 757 $ 672 Additions, changes in estimates and other 21 57 Liabilities settled (35 ) (83 ) Accretion expense 34 30 Balance at end of period $ 777 $ 676 The current portions of Reclamation and remediation liabilities of $53 and $58 at September30, 2009 and December31, 2008, respectively, are included in Other current liabilities. The Companys reclamation and remediation expenses consisted of: Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Asset retirement cost amortization $ 7 $ 7 $ 21 $ 18 Accretion operating 8 7 25 23 Accretion non-operating (Note 4) 3 2 9 7 Reclamation estimate revisions non-operating (Note 4) 13 74 $ 18 $ 29 $ 55 $ 122

Net Change in Operating Assets

Net Change in Operating Assets and Liabilities
	9 Months Ended Sep. 30, 2009 USD / shares
Net Change in Operating Assets and Liabilities [Abstract]
NET CHANGE IN OPERATING ASSETS AND LIABILITIES	NOTE 24 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: Nine Months Ended September 30, 2009 2008 Decrease (increase)in operating assets: Trade and accounts receivable $ 200 $ 25 Inventories, stockpiles and ore on leach pads (249 ) (236 ) EGR refinery assets (179 ) (47 ) Other assets 4 (112 ) Increase (decrease)in operating liabilities: Accounts payable and other accrued liabilities 53 (88 ) EGR refinery liabilities 179 47 Reclamation liabilities (35 ) (83 ) $ (27 ) $ (494 )

Segment Information

Segment Information
	9 Months Ended Sep. 30, 2009 USD / shares
Segment Information [Abstract]
SEGMENT INFORMATION	NOTE 25 SEGMENT INFORMATION The Companys reportable segments are based upon the Companys management organization structure that is focused on the geographic region for the companys operations. Segment results for 2008 have been retrospectively revised to reflect an organizational change, effective in the first quarter of 2009, that (i)moved the results of the La Herradura operation in Mexico to North America from Other and (ii)combined the management of exploration and advanced projects activities under one executive and assigned the legacy exploration segment to the regional reportable segments. As a result of managements decision in the second quarter of 2009 to dispose of the Kori Kollo operation in Bolivia, Kori Kollo has been reclassified to discontinued operations. Financial information relating to Newmonts segments is as follows: Costs Advanced Applicable to Projects and Pre-Tax Three Months Ended September 30, 2009 Sales Sales Amortization Exploration Income Nevada $ 481 $ 273 $ 69 $ 13 $ 118 Hope Bay 3 20 (24 ) La Herradura 23 8 2 1 12 Other North America (2 ) North America 504 281 74 34 104 Yanacocha 535 163 43 6 299 Other South America 1 (2 ) South America 535 163 43 7 297 Boddington 12 (11 ) Other Australia/New Zealand 282 152 32 6 77 Australia/New Zealand 282 152 32 18 66 Batu Hijau: Gold 201 37 10 Copper 396 71 18 Total Batu Hijau 597 108 28 445 Other Asia Pacific 1 4 (17 ) Asia Pacific 879 260 61 22 494 Africa 131 61 17 4 44 Corporate and Other 4 15 (35 ) Consolidated $ 2,049 $ 765 $ 199 $ 82 $ 904 Costs Advanced Applicable to Projects and Pre-Tax Three Months Ended September 30, 2008 Sales Sales Amortization Exploration Income Nevada $ 471 $ 271 $ 65 $ 13 $ 109 Hope Bay 21 (21 ) La Herradura 19 9 2 2 6 Other North America

Condensed Consolidating Financi

Condensed Consolidating Financial Statements
	9 Months Ended Sep. 30, 2009 USD / shares
Condensed Consolidating Financial Statements [Abstract]
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	NOTE 26 CONDENSED CONSOLIDATING FINANCIAL STATEMENTS Newmont USA, a 100% owned subsidiary of Newmont Mining Corporation, has fully and unconditionally guaranteed the 5 7/8%, 5 1/8% and 6 1/4% publicly traded notes and the 2012, 2014 and 2017 convertible senior notes. 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 September 30, 2009 Newmont Newmont Mining Mining Newmont Other Corporation Condensed Consolidating Statement of Income Corporation USA Subsidiaries Eliminations Consolidated Revenues Sales gold, net $ $ 1,240 $ 413 $ $ 1,653 Sales copper, net 396 396 1,636 413 2,049 Costs and expenses Costs applicable to sales gold (1) 480 219 (5 ) 694 Costs applicable to sales copper (1) 71 71 Amortization 146 54 (1 ) 199 Accretion 6 2 8 Exploration 26 29 55 Advanced projects, research and development 11 17 (1 ) 27 General and administrative 31 1 7 39 Other expense, net 34 33 67 805 355 1,160 Other income (expense) Other income, net (2 ) (1 ) 28 25 Interest income intercompany 17 1 3 (21 ) Interest expense intercompany (2 ) (19 ) 21 Interest expense, net 3 (12 ) (1 ) (10 ) 16 (12 ) 11 15 Income from continuing operations before income tax and other items 16 819 69 904 Income tax benefit (expense) 11 (250 ) (14 ) (253 ) Equity income (loss)of affiliates 361 (3 ) 48 (412 ) (6 ) Income (loss)from continuing operations 388 566 103 (412 ) 645 Income (loss)from discontinued operations Net income (loss) 388 566 103 (412 ) 645 Net loss (income)attributable to noncontrolling interests (257 ) (16 ) 16 (257 ) Net income (loss)attributable to Newmont stockholders $ 388 $ 309 $ 87 $ (396

Commitments and Contingencies

Commitments and Contingencies
	9 Months Ended Sep. 30, 2009 USD / shares
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 27 COMMITMENTS AND CONTINGENCIES General The Company follows loss contingency accounting guidance in determining its accruals and disclosures with respect to loss contingencies other than tax contingencies provided for in accordance with income tax accounting guidance (see Note 8). Accordingly, estimated losses from loss contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable (greater than a 75% probability) that a liability could be incurred and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the loss contingency is made in the financial statements when it is at least reasonably possible that a material loss could be incurred. Operating Segments The Companys operating segments are identified in Note 25. Except as noted in this paragraph, all of the Companys commitments and contingencies specifically described in this Note 27 relate to the Corporate and Other reportable segment. The Nevada Operations matters under Newmont USA Limited relate to the North America reportable segment. The PT Newmont Minahasa Raya matters relate to the Asia Pacific reportable segment. The Yanacocha matters relate to the South America reportable segment. The Newmont Yandal Operations Pty Limited matter relates to the Asia Pacific reportable segment. The PTNNT matters relate to the Asia Pacific reportable segment. Environmental Matters The Companys 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 September30, 2008 and December31, 2008, $624 and $594, respectively, were accrued for reclamation costs relating to mineral properties in accordance with asset retirement obligation accounting guidance. The current portions of $53 and $58 at September30, 2009 and December31, 2008, respectively, are included in Other current liabilities. In addition, 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 Companys best estimate of

Supplementary Data

Supplementary Data
	9 Months Ended Sep. 30, 2009 USD / shares
Supplementary Data [Abstract]
SUPPLEMENTARY DATA	NOTE 28 SUPPLEMENTARY DATA Ratio of Earnings to Fixed Charges The ratio of earnings to fixed charges for the nine months ended September30, 2009 was 11.5. The ratio of earnings to fixed charges represents income from continuing operations before income tax expense, equity loss of affiliates and noncontrolling interests in subsidiaries, 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.