Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 24, 2013 | |
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 | 30-Sep-13 | ' |
Amendment Flag | 'false | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
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 | ' | 493,059,095 |
CONDENSED_CONSOLIDATED_STATEME
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (unaudited) [Abstract] | ' | ' | ' | ' |
Sales | $1,983 | $2,480 | $6,153 | $7,392 |
Costs and expenses | ' | ' | ' | ' |
Costs applicable to sales | 1,036 | 1,088 | 3,733 | 3,107 |
Amortization | 299 | 272 | 981 | 751 |
Reclamation and remediation | 20 | 17 | 56 | 49 |
Exploration | 60 | 115 | 195 | 309 |
Advanced projects, research and development | 67 | 74 | 165 | 258 |
General and administrative | 48 | 51 | 158 | 162 |
Write-downs | 3 | 0 | 2,265 | 0 |
Other expense, net | 84 | 131 | 260 | 377 |
Total costs and expenses | 1,617 | 1,748 | 7,813 | 5,013 |
Other income (expense) | ' | ' | ' | ' |
Other income, net | 290 | 52 | 366 | 121 |
Interest expense, net | -76 | -67 | -211 | -190 |
Total other income (expense) | 214 | -15 | 155 | -69 |
Income (loss) before income and mining tax and other items | 580 | 717 | -1,505 | 2,310 |
Income and mining tax expense | -154 | -228 | -10 | -746 |
Equity income (loss) of affiliates | 1 | -9 | -6 | -39 |
Income (loss) from continuing operations | 427 | 480 | -1,521 | 1,525 |
Income (loss) from discontinued operations | -21 | -33 | 53 | -104 |
Net income (loss) | 406 | 447 | -1,468 | 1,421 |
Net loss (income) attributable to noncontrolling interests | 2 | -80 | 172 | -285 |
Net income (loss) attributable to Newmont stockholders | 408 | 367 | -1,296 | 1,136 |
Net income (loss) attributable to Newmont stockholders: | ' | ' | ' | ' |
Continuing operations | 429 | 400 | -1,349 | 1,240 |
Discontinued operations | -21 | -33 | 53 | -104 |
Net income (loss) attributable to Newmont stockholders | $408 | $367 | ($1,296) | $1,136 |
Income (loss) per common share, basic | ' | ' | ' | ' |
Continuing operations | $0.86 | $0.81 | ($2.72) | $2.50 |
Discontinued operations | ($0.04) | ($0.07) | $0.11 | ($0.21) |
Income (loss) per common share, basic | $0.82 | $0.74 | ($2.61) | $2.29 |
Income (loss) per common share, diluted | ' | ' | ' | ' |
Continuing operations | $0.86 | $0.81 | ($2.72) | $2.48 |
Discontinued operations | ($0.04) | ($0.07) | $0.11 | ($0.21) |
Income (loss) per common share, diluted | $0.82 | $0.74 | ($2.61) | $2.27 |
Cash dividends declared per common share | $0.25 | $0.35 | $1.02 | $1.05 |
CONDENSED_CONSOLIDATED_STATEME1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement of Income and Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income (loss) | $406 | $447 | ($1,468) | $1,421 |
Other comprehensive income (loss): | ' | ' | ' | ' |
Unrealized gain (loss) on marketable securities, net of tax | -134 | 184 | -413 | -129 |
Foreign currency translation adjustments | -6 | 16 | -28 | 16 |
Change in pension and other post-retirement benefits, net of tax | 113 | 4 | 124 | 12 |
Change in fair value of cash flow hedge instruments, net of tax | ' | ' | ' | ' |
Net change from periodic revaluations | 48 | 55 | -189 | 128 |
Net amount reclassified to income | -4 | -24 | -39 | -83 |
Net unrecognized gain on derivatives | 44 | 31 | -228 | 45 |
Other comprehensive income (loss) | 17 | 235 | -545 | -56 |
Comprehensive income (loss) | 423 | 682 | -2,013 | 1,365 |
Comprehensive income (loss) attributable to: | ' | ' | ' | ' |
Newmont stockholders | 423 | 601 | -1,842 | 1,079 |
Noncontrolling interests | ' | 81 | -171 | 286 |
Comprehensive income (loss) | $423 | $682 | ($2,013) | $1,365 |
CONDENSED_CONSOLIDATED_STATEME2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - Parenthetical Information (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement of Income and Comprehensive Income [Abstract] | ' | ' | ' | ' |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax | $36 | ($62) | $151 | ($67) |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax | -61 | -3 | -69 | -7 |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax | ($35) | ($16) | $110 | ($34) |
CONDENSED_CONSOLIDATED_STATEME3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Operating activities: | ' | ' |
Net income (loss) | ($1,468) | $1,421 |
Adjustments: | ' | ' |
Amortization | 981 | 751 |
Stock based compensation and other non-cash benefits | 55 | 55 |
Reclamation and remediation | 56 | 49 |
Income from discontinued operations | -53 | 104 |
Write-downs | 2,265 | 0 |
Impairment of marketable securities | 52 | 39 |
Deferred income taxes | -570 | 25 |
Gain on asset sales, net | -282 | -12 |
Other operating adjustments and write-downs | 697 | 149 |
Net change in operating assets and liabilities | -558 | -1,039 |
Net cash provided from continuing operations | 1,175 | 1,542 |
Net cash used in discontinued operations | -14 | -12 |
Net cash provided from operations | 1,161 | 1,530 |
Investing activities: | ' | ' |
Additions to property, plant and mine development | -1,528 | -2,394 |
Sale of marketable securities | 588 | 209 |
Purchases of marketable securities | -1 | -209 |
Acquisitions, net | -13 | -22 |
Proceeds from sale of other assets | 55 | 13 |
Other | -38 | -48 |
Net cash used in investing activities | -937 | -2,451 |
Financing activities: | ' | ' |
Proceeds from debt, net | 1,262 | 3,343 |
Repayment of debt | -1,060 | -1,956 |
Payment of conversion premium on debt | ' | -172 |
Sale of noncontrolling interests | 32 | 0 |
Acquisition of noncontrolling interests | -13 | 0 |
Dividends paid to common stockholders | -509 | -521 |
Dividends paid to noncontrolling interests | -2 | -3 |
Proceeds from stock issuance, net | 2 | 20 |
Other | -4 | -2 |
Net cash used in financing activities of continuing operations | -292 | 709 |
Effect of exchange rate changes on cash | -18 | 1 |
Net change in cash and cash equivalents | -86 | -211 |
Cash and cash equivalents at beginning of period | 1,561 | 1,760 |
Cash and cash equivalents at end of period | $1,475 | $1,549 |
CONDENSED_CONSOLIDATED_BALANCE
CONDENSED CONSOLIDATED BALANCE SHEET (unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and cash equivalents | $1,475 | $1,561 |
Trade receivables | 215 | 283 |
Accounts receivable | 257 | 577 |
Investments | 91 | 86 |
Inventories | 793 | 796 |
Stockpiles and ore on leach pads | 794 | 786 |
Deferred income tax assets | 213 | 195 |
Other current assets | 1,383 | 1,661 |
Current assets | 5,221 | 5,945 |
Property, plant and mine development, net | 16,322 | 18,010 |
Investments | 540 | 1,446 |
Stockpiles and ore on leach pads | 2,851 | 2,896 |
Deferred income tax assets | 1,038 | 481 |
Other long-term assets | 827 | 872 |
Total assets | 26,799 | 29,650 |
LIABILITIES | ' | ' |
Debt | 587 | 10 |
Accounts payable | 545 | 657 |
Employee-related benefits | 316 | 339 |
Income and mining taxes | 98 | 51 |
Other current liabilities | 1,712 | 2,084 |
Current liabilities | 3,258 | 3,141 |
Debt | 5,949 | 6,288 |
Reclamation and remediation liabilities | 1,479 | 1,457 |
Deferred income tax liabilities | 758 | 858 |
Employee-related benefits | 384 | 586 |
Other long-term liabilities | 429 | 372 |
Total liabilities | 12,257 | 12,702 |
Commitments and Contingencies | ' | ' |
EQUITY | ' | ' |
Common stock | 789 | 787 |
Additional paid-in capital | 8,439 | 8,330 |
Accumulated other comprehensive income (loss) | -56 | 490 |
Retained earnings (deficit) | 2,361 | 4,166 |
Newmont stockholders' equity | 11,533 | 13,773 |
Noncontrolling interests | 3,009 | 3,175 |
Total equity | 14,542 | 16,948 |
Total liabilities and equity | $26,799 | $29,650 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Basis of Presentation [Abstract] | ' |
BASIS OF PRESENTATION | ' |
NOTE 1 BASIS OF PRESENTATION | |
The interim Condensed Consolidated Financial Statements (“interim statements”) of Newmont Mining Corporation and its subsidiaries (collectively, “Newmont” or the “Company”) are unaudited. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these interim statements have been included. The results reported in these interim statements are not necessarily indicative of the results that may be reported for the entire year. These interim statements should be read in conjunction with Newmont's Consolidated Financial Statements for the year ended December 31, 2012 filed February 22, 2013 on Form 10-K. The year-end balance sheet data was derived from the audited financial statements and, in accordance with the instructions to Form 10-Q, certain information and footnote disclosures required by United States generally accepted accounting principles (“GAAP”) have been condensed or omitted. References to “A$” refer to Australian currency, “C$” to Canadian currency and “NZ$” to New Zealand currency. | |
On March 12, 2013, Newmont completed the sale of the Hope Bay Project to TMAC Resources Inc. (“TMAC”). At September 30, 2013, Newmont held a 49.9% voting interest in TMAC and an economic interest of 70.4%. The Company has made available a $15 credit facility due June 2014. Newmont has identified TMAC as a Variable Interest Entity (“VIE”) under FASB Accounting Standards Codification (“ASC”) - Consolidation guidance. Based upon the ASC guidance for VIEs, and the ownership structure, Newmont has determined that it has a controlling financial interest in TMAC and is therefore the primary beneficiary. As such, Newmont consolidated TMAC in its consolidated financial statements. TMAC has indicated that they anticipate raising funds at an undetermined date through an initial public offering (“IPO”). Should such an IPO occur, which there can be no assurance of such offering occurring, it is expected that Newmont's ownership will be reduced and Newmont would reevaluate whether or not it is still required to consolidate under the applicable ASC guidance. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Summary of Significant Accounting Policies [Abstract] | ' |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' |
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Recently Adopted Accounting Pronouncements | |
Reporting of Amounts reclassified out of Accumulated Other Comprehensive Income | |
In February 2013, ASC guidance was issued related to items reclassified from Accumulated Other Comprehensive Income(Loss). The new standard requires either in a single note or parenthetically on the face of the financial statements: (i) the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and (ii) the income statement line items affected by the reclassification. Adoption of the new guidance, effective for the fiscal year beginning January 1, 2013, had no impact on the consolidated financial position, results of operations or cash flows. | |
Disclosures about Offsetting Assets and Liabilities | |
In November 2011, ASC guidance was issued related to disclosures about offsetting assets and liabilities. The new standard requires disclosures to allow investors to better compare financial statements prepared under U.S. GAAP with financial statements prepared under IFRS. In January 2013, an update was issued to further clarify that the disclosure requirements are limited to derivatives, repurchase agreements, and securities lending transactions to the extent that they are (i) offset in the financial statements or (ii) subject to an enforceable master netting arrangement or similar agreement. Adoption of the new guidance, effective for the fiscal year beginning January 1, 2013, had no impact on the consolidated financial position, results of operations or cash flows. | |
Recently Issued Accounting Pronouncements | |
Presentation of an Unrecognized Tax Benefit | |
In July 2013, ASC guidance was issued related to the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. The updated guidance requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carryforward, a similar tax loss, or tax credit carryforwards. A gross presentation will be required only if such carryforwards are not available or would not be used by the entity to settle any additional income taxes resulting from disallowance of the uncertain tax position. The update is effective prospectively for the Company's fiscal year beginning January 1, 2014. The Company is still evaluating the impact of the updated guidance on the consolidated financial position, results of operations or cash flows. | |
Foreign Currency Matters | |
In March 2013, ASC guidance was issued related to Foreign Currency Matters to clarify the treatment of cumulative translation adjustments when a parent sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity. The updated guidance also resolves the diversity in practice for the treatment of business combinations achieved in stages in a foreign entity. The update is effective prospectively for the Company's fiscal year beginning January 1, 2014. The Company does not expect the updated guidance to have an impact on the consolidated financial position, results of operations or cash flows. |
Segment_Information
Segment Information | 9 Months Ended | ||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||
Segment Information [Abstract] | ' | ||||||||||||||||||||||
SEGMENT INFORMATION | ' | ||||||||||||||||||||||
NOTE 3 SEGMENT INFORMATION | |||||||||||||||||||||||
The Company's reportable segments are based upon the Company's management structure that is focused on the geographic region for the Company's operations. Segment results for 2012 have been retrospectively revised to reflect organizational changes that moved the Indonesia operations to a separately managed region and moved the Hope Bay segment to Corporate and Other. Geographic regions now include North America, South America, Australia/New Zealand, Indonesia, Africa and Corporate and Other. The financial information relating to the Company's segments is as follows: | |||||||||||||||||||||||
Costs | Advanced | ||||||||||||||||||||||
Applicable to | Projects and | Pre-Tax | |||||||||||||||||||||
Sales | Sales | Amortization | Exploration | Income (Loss) | |||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||
Nevada | $ | 618 | $ | 251 | $ | 59 | $ | 25 | $ | 272 | |||||||||||||
La Herradura | 70 | 40 | 9 | 10 | 12 | ||||||||||||||||||
Other North America | - | - | - | 1 | -3 | ||||||||||||||||||
North America | 688 | 291 | 68 | 36 | 281 | ||||||||||||||||||
Yanacocha | 346 | 154 | 87 | 9 | 55 | ||||||||||||||||||
Conga | - | - | - | 15 | -17 | ||||||||||||||||||
Other South America | - | - | - | 4 | -4 | ||||||||||||||||||
South America | 346 | 154 | 87 | 28 | 34 | ||||||||||||||||||
Boddington: | |||||||||||||||||||||||
Gold | 204 | 152 | 28 | ||||||||||||||||||||
Copper | 42 | 29 | 5 | ||||||||||||||||||||
Total | 246 | 181 | 33 | 1 | 20 | ||||||||||||||||||
Other Australia/New Zealand | 357 | 202 | 60 | 7 | 93 | ||||||||||||||||||
Australia/New Zealand | 603 | 383 | 93 | 8 | 113 | ||||||||||||||||||
Batu Hijau: | |||||||||||||||||||||||
Gold | 16 | 11 | 3 | ||||||||||||||||||||
Copper | 136 | 122 | 24 | ||||||||||||||||||||
Total | 152 | 133 | 27 | 2 | -13 | ||||||||||||||||||
Other Indonesia | - | - | - | - | - | ||||||||||||||||||
Indonesia | 152 | 133 | 27 | 2 | -13 | ||||||||||||||||||
Ahafo | 194 | 75 | 19 | 12 | 80 | ||||||||||||||||||
Akyem | - | - | - | 2 | -3 | ||||||||||||||||||
Other Africa | - | - | - | 3 | -20 | ||||||||||||||||||
Africa | 194 | 75 | 19 | 17 | 57 | ||||||||||||||||||
Corporate and Other | - | - | 5 | 36 | 108 | ||||||||||||||||||
Consolidated | $ | 1,983 | $ | 1,036 | $ | 299 | $ | 127 | $ | 580 | |||||||||||||
Costs | Advanced | ||||||||||||||||||||||
Applicable to | Projects and | Pre-Tax | |||||||||||||||||||||
Sales | Sales | Amortization | Exploration | Income (Loss) | |||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||
Nevada | $ | 734 | $ | 292 | $ | 61 | $ | 47 | $ | 330 | |||||||||||||
La Herradura | 88 | 31 | 5 | 11 | 39 | ||||||||||||||||||
Other North America | - | - | - | 1 | -2 | ||||||||||||||||||
North America | 822 | 323 | 66 | 59 | 367 | ||||||||||||||||||
Yanacocha | 585 | 185 | 83 | 14 | 254 | ||||||||||||||||||
Conga | - | - | - | 9 | -12 | ||||||||||||||||||
Other South America | - | - | - | 15 | -10 | ||||||||||||||||||
South America | 585 | 185 | 83 | 38 | 232 | ||||||||||||||||||
Boddington: | |||||||||||||||||||||||
Gold | 281 | 155 | 37 | ||||||||||||||||||||
Copper | 60 | 39 | 7 | ||||||||||||||||||||
Total | 341 | 194 | 44 | 2 | 98 | ||||||||||||||||||
Other Australia/New Zealand | 358 | 201 | 34 | 23 | 83 | ||||||||||||||||||
Australia/New Zealand | 699 | 395 | 78 | 25 | 181 | ||||||||||||||||||
Batu Hijau: | |||||||||||||||||||||||
Gold | 24 | 17 | 2 | ||||||||||||||||||||
Copper | 146 | 99 | 21 | ||||||||||||||||||||
Total | 170 | 116 | 23 | 8 | 10 | ||||||||||||||||||
Other Indonesia | - | - | - | - | -1 | ||||||||||||||||||
Indonesia | 170 | 116 | 23 | 8 | 9 | ||||||||||||||||||
Ahafo | 204 | 69 | 18 | 20 | 98 | ||||||||||||||||||
Akyem | - | - | - | 6 | -6 | ||||||||||||||||||
Other Africa | - | - | - | 3 | -4 | ||||||||||||||||||
Africa | 204 | 69 | 18 | 29 | 88 | ||||||||||||||||||
Corporate and Other | - | - | 4 | 30 | -160 | ||||||||||||||||||
Consolidated | $ | 2,480 | $ | 1,088 | $ | 272 | $ | 189 | $ | 717 | |||||||||||||
Costs | Advanced | Pre-Tax | |||||||||||||||||||||
Sales | Applicable to Sales | Amortization | Projects and Exploration | Income (Loss) | Total Assets | Capital Expenditures(1) | |||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||
Nevada | $ | 1,746 | $ | 799 | $ | 178 | $ | 78 | $ | 662 | $ | 7,954 | $ | 360 | |||||||||
La Herradura | 231 | 122 | 22 | 31 | 57 | 453 | 82 | ||||||||||||||||
Other North America | - | - | - | 2 | -8 | 68 | 1 | ||||||||||||||||
North America | 1,977 | 921 | 200 | 111 | 711 | 8,475 | 443 | ||||||||||||||||
Yanacocha | 1,221 | 509 | 254 | 32 | 337 | 2,958 | 136 | ||||||||||||||||
Conga | - | - | - | 16 | -17 | 1,714 | 184 | ||||||||||||||||
Other South America | - | - | - | 14 | -16 | 150 | 65 | ||||||||||||||||
South America | 1,221 | 509 | 254 | 62 | 304 | 4,822 | 385 | ||||||||||||||||
Boddington: | |||||||||||||||||||||||
Gold | 782 | 578 | 129 | ||||||||||||||||||||
Copper | 156 | 139 | 29 | ||||||||||||||||||||
Total | 938 | 717 | 158 | 1 | -2,027 | 2,265 | 81 | ||||||||||||||||
Other Australia/New Zealand | 1,081 | 697 | 164 | 31 | 11 | 1,788 | 123 | ||||||||||||||||
Australia/New Zealand | 2,019 | 1,414 | 322 | 32 | -2,016 | 4,053 | 204 | ||||||||||||||||
Batu Hijau: | |||||||||||||||||||||||
Gold | 42 | 81 | 18 | ||||||||||||||||||||
Copper | 305 | 582 | 114 | ||||||||||||||||||||
Total | 347 | 663 | 132 | 13 | -494 | 3,423 | 82 | ||||||||||||||||
Other Indonesia | - | - | - | - | 2 | 3 | - | ||||||||||||||||
Indonesia | 347 | 663 | 132 | 13 | -492 | 3,426 | 82 | ||||||||||||||||
Ahafo | 589 | 226 | 56 | 36 | 255 | 1,615 | 139 | ||||||||||||||||
Akyem | - | - | - | 7 | -10 | 1,239 | 209 | ||||||||||||||||
Other Africa | - | - | - | 11 | -31 | 4 | - | ||||||||||||||||
Africa | 589 | 226 | 56 | 54 | 214 | 2,858 | 348 | ||||||||||||||||
Corporate and Other | - | - | 17 | 88 | -226 | 3,165 | 7 | ||||||||||||||||
Consolidated | $ | 6,153 | $ | 3,733 | $ | 981 | $ | 360 | $ | -1,505 | $ | 26,799 | $ | 1,469 | |||||||||
(1) | Includes a decrease in accrued capital expenditures of $59; consolidated capital expenditures on a cash basis were $1,528. | ||||||||||||||||||||||
Costs | Advanced | Pre-Tax | |||||||||||||||||||||
Sales | Applicable to Sales | Amortization | Projects and Exploration | Income (Loss) | Total Assets | Capital Expenditures(1) | |||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||
Nevada | $ | 2,028 | $ | 817 | $ | 161 | $ | 124 | $ | 916 | $ | 7,420 | $ | 489 | |||||||||
La Herradura | 274 | 96 | 16 | 28 | 130 | 388 | 50 | ||||||||||||||||
Other North America | - | - | - | 2 | -6 | 96 | 31 | ||||||||||||||||
North America | 2,302 | 913 | 177 | 154 | 1,040 | 7,904 | 570 | ||||||||||||||||
Yanacocha | 1,793 | 523 | 195 | 49 | 936 | 2,812 | 392 | ||||||||||||||||
Conga | - | - | - | 48 | -51 | 1,617 | 467 | ||||||||||||||||
Other South America | - | - | - | 59 | -54 | 82 | 54 | ||||||||||||||||
South America | 1,793 | 523 | 195 | 156 | 831 | 4,511 | 913 | ||||||||||||||||
Boddington: | |||||||||||||||||||||||
Gold | 843 | 449 | 118 | ||||||||||||||||||||
Copper | 163 | 107 | 25 | ||||||||||||||||||||
Total | 1,006 | 556 | 143 | 7 | 278 | 4,678 | 77 | ||||||||||||||||
Other Australia/New Zealand | 1,116 | 573 | 106 | 66 | 356 | 2,212 | 226 | ||||||||||||||||
Australia/New Zealand | 2,122 | 1,129 | 249 | 73 | 634 | 6,890 | 303 | ||||||||||||||||
Batu Hijau: | |||||||||||||||||||||||
Gold | 76 | 47 | 8 | ||||||||||||||||||||
Copper | 406 | 254 | 51 | ||||||||||||||||||||
Total | 482 | 301 | 59 | 22 | 42 | 3,662 | 98 | ||||||||||||||||
Other Indonesia | - | - | - | - | 2 | 5 | - | ||||||||||||||||
Indonesia | 482 | 301 | 59 | 22 | 44 | 3,667 | 98 | ||||||||||||||||
Ahafo | 693 | 241 | 58 | 42 | 348 | 1,362 | 176 | ||||||||||||||||
Akyem | - | - | - | 15 | -16 | 876 | 305 | ||||||||||||||||
Other Africa | - | - | - | 8 | -8 | 6 | - | ||||||||||||||||
Africa | 693 | 241 | 58 | 65 | 324 | 2,244 | 481 | ||||||||||||||||
Corporate and Other | - | - | 13 | 97 | -563 | 4,307 | 22 | ||||||||||||||||
Consolidated | $ | 7,392 | $ | 3,107 | $ | 751 | $ | 567 | $ | 2,310 | $ | 29,523 | $ | 2,387 | |||||||||
(1) | Includes a decrease in accrued capital expenditures of $7; consolidated capital expenditures on a cash basis were $2,394. |
Reclamation_and_Remediation
Reclamation and Remediation | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Reclamation and Remediation [Abstract] | ' | ||||||||||||||
RECLAMATION AND REMEDIATION | ' | ||||||||||||||
NOTE 4 RECLAMATION AND REMEDIATION | |||||||||||||||
The Company's Reclamation and remediation expense consisted of: | |||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||
Reclamation | $ | 3 | $ | - | $ | 3 | $ | - | |||||||
Accretion - operating | 15 | 14 | 45 | 41 | |||||||||||
Accretion - non-operating | 2 | 3 | 8 | 8 | |||||||||||
$ | 20 | $ | 17 | $ | 56 | $ | 49 | ||||||||
At September 30, 2013 and December 31, 2012, $1,371 and $1,341, respectively, were accrued for reclamation obligations relating to operating 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 September 30, 2013 and December 31, 2012, $181 and $198, 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: | |||||||||||||||
Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | ||||||||||||||
Balance at beginning of period | $ | 1,539 | $ | 1,240 | |||||||||||
Additions, changes in estimates and other | 1 | 106 | |||||||||||||
Liabilities settled | -41 | -57 | |||||||||||||
Accretion expense | 53 | 49 | |||||||||||||
Balance at end of period | $ | 1,552 | $ | 1,338 | |||||||||||
The current portion of Reclamation and remediation liabilities of $73 and $82 at September 30, 2013 and December 31, 2012, respectively, are included in Other current liabilities (see Note 21). | |||||||||||||||
Writedowns
Write-downs | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Asset Impairment Charges [Abstract] | ' | |||||||||||||||
WRITE-DOWNS | ' | |||||||||||||||
NOTE 5 WRITE-DOWNS | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Property, plant and mine development | ||||||||||||||||
Yanacocha | $ | 2 | $ | - | $ | 3 | $ | - | ||||||||
Boddington | - | - | 2,107 | - | ||||||||||||
Other Australia/New Zealand | 1 | - | 67 | - | ||||||||||||
Batu Hijau | - | - | 1 | - | ||||||||||||
3 | - | 2,178 | - | |||||||||||||
Other long-term assets | ||||||||||||||||
Boddington | - | - | 31 | - | ||||||||||||
Other Australia/New Zealand | - | - | 56 | - | ||||||||||||
- | - | 87 | - | |||||||||||||
$ | 3 | $ | - | $ | 2,265 | $ | - | |||||||||
Write-downs totaled $3 and $2,265 for the three and nine months ended September 30, 2013, respectively. The 2013 write-downs were primarily due to a decrease in the Company's long-term gold and copper price assumptions during the second quarter to $1,400 per ounce and $3.00 per pound, respectively, combined with rising operating costs. These factors represented significant changes in the business, requiring the Company to evaluate for impairment. For purposes of this evaluation, estimates of future cash flows of the individual reporting units were used to determine fair value. The estimated cash flows were derived from life-of-mine plans, developed using long-term pricing reflective of the current price environment and management's projections for operating costs. Refer to Note 14 for additional information related to the fair value determination of the impairment. | ||||||||||||||||
Due to the above conditions, Goodwill was included in the Company's impairment analysis. After-tax discounted future cash flows of reporting units with Goodwill were analyzed. Goodwill at Other Australia / New Zealand had a carrying value of $188 at December 31, 2012. As a result of this evaluation, the Company recorded an impairment of $56, resulting in a carrying value of $132 at September 30, 2013. |
Other_Expense_Net
Other Expense, Net | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Other Expense Net [Abstract] | ' | ||||||||||||||
OTHER EXPENSE, NET | ' | ||||||||||||||
NOTE 6 OTHER EXPENSE, NET | |||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||
Transaction costs | $ | - | $ | - | $ | 45 | $ | 12 | |||||||
Regional administration | 12 | 22 | 48 | 72 | |||||||||||
Restructuring and other | 20 | 48 | 50 | 48 | |||||||||||
Community development | 42 | 18 | 72 | 69 | |||||||||||
Western Australia power plant | 3 | 5 | 14 | 13 | |||||||||||
Hope Bay care and maintenance | - | 27 | -2 | 129 | |||||||||||
Other | 7 | 11 | 33 | 34 | |||||||||||
$ | 84 | $ | 131 | $ | 260 | $ | 377 |
Other_Income_Net
Other Income, Net | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Other Income, Net [Abstract] | ' | |||||||||||||||
OTHER INCOME, NET | ' | |||||||||||||||
NOTE 7 OTHER INCOME, NET | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Gain on sale of investments, net | $ | 280 | $ | - | $ | 280 | $ | - | ||||||||
Foreign currency exchange, net | 19 | -1 | 56 | -4 | ||||||||||||
Refinery income, net | 20 | 20 | 27 | 27 | ||||||||||||
Canadian Oil Sands | - | 11 | 21 | 31 | ||||||||||||
Interest | 4 | 2 | 10 | 9 | ||||||||||||
Development projects, net | 1 | 16 | 9 | 49 | ||||||||||||
Gain on asset sales, net | 1 | 2 | 2 | 12 | ||||||||||||
Reduction of allowance for loan receivable | - | - | - | 21 | ||||||||||||
Impairment of marketable securities | -41 | -7 | -52 | -39 | ||||||||||||
Other | 6 | 9 | 13 | 15 | ||||||||||||
$ | 290 | $ | 52 | $ | 366 | $ | 121 |
Income_and_Mining_Taxes
Income and Mining Taxes | 9 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||
Income and Mining Taxes [Abstract] | ' | |||||||||||||||||||||||||
INCOME AND MINING TAXES | ' | |||||||||||||||||||||||||
NOTE 8 INCOME AND MINING TAXES | ||||||||||||||||||||||||||
During the third quarter of 2013, the Company recorded an estimated income and mining tax expense of $154, resulting in an effective tax rate of 26%. Estimated income and mining tax expense during the third quarter of 2012 was $228 for an effective tax rate of 32%. The lower effective tax rate on the income in the third quarter of 2013 is a result of tax planning related to the sale of the Canadian Oil Sands investment and the Canadian capital gains tax rate associated with the sale partially offset by a diluted benefit from percentage depletion. | ||||||||||||||||||||||||||
During the first nine months of 2013, the estimated income and mining tax expense was $10, resulting in an effective tax rate of less than 0%. Estimated income and mining tax expense during the first nine months of 2012 was $746 for an effective tax rate of 32%. The lower effective tax rate on the loss in the first nine months of 2013 is primarily due to an increase in the Company's valuation allowance on certain deferred tax assets partially offset by the benefit related to tax planning on the sale of the Canadian Oil Sands investment and the Canadian capital gains tax rate associated with the sale. | ||||||||||||||||||||||||||
A valuation allowance is provided for those deferred tax assets for which it is more likely than not that the related benefits will not be realized. In determining the amount of the valuation allowance, each quarter the Company considers estimated future taxable income as well as feasible tax planning strategies in each jurisdiction to determine if the deferred tax assets are realizable. If it is determined that the Company will not realize all or a portion of its deferred tax assets, it will place or increase a valuation allowance. Conversely, if determined that it will ultimately be able to realize all or a portion of the related benefits for which a valuation allowance has been provided, all or a portion of the related valuation allowance will be reduced. | ||||||||||||||||||||||||||
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 September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||
Income (loss) before income and mining | ||||||||||||||||||||||||||
tax and other items | $ | 580 | $ | 717 | $ | -1,505 | $ | 2,310 | ||||||||||||||||||
Tax at statutory rate | 35 | % | $ | 203 | 35 | % | $ | 251 | 35 | % | $ | -527 | 35 | % | $ | 809 | ||||||||||
Reconciling items: | ||||||||||||||||||||||||||
Percentage depletion | -1 | % | -6 | -7 | % | -53 | 7 | % | -99 | -7 | % | -161 | ||||||||||||||
Change in valuation allowance on | ||||||||||||||||||||||||||
deferred tax assets | 1 | % | 7 | 3 | % | 19 | -47 | % | 698 | 3 | % | 65 | ||||||||||||||
Tax planning on sale of Canadian Oil Sands | ||||||||||||||||||||||||||
and Canadian capital gains tax rate | -11 | % | -61 | 4 | % | -61 | ||||||||||||||||||||
Other | 2 | % | 11 | 1 | % | 11 | 0 | % | -1 | 1 | % | 33 | ||||||||||||||
Income and mining tax expense (benefit) | 26 | % | $ | 154 | 32 | % | $ | 228 | -1 | % | $ | 10 | 32 | % | $ | 746 | ||||||||||
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 September 30, 2013, the Company's total unrecognized tax benefit was $376 for uncertain income tax positions taken or expected to be taken on income tax returns. Of this, $33 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 $5 to $10 in the next 12 months. |
Discontinued_Operations
Discontinued Operations | 9 Months Ended |
Sep. 30, 2013 | |
Discontinued Operations [Abstract] | ' |
DISCONTINUED OPERATIONS | ' |
NOTE 9 DISCONTINUED OPERATIONS | |
Discontinued operations include Holloway Mining Company, which owned the Holt-McDermott property (“Holt property”) that 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 third quarter of 2013, the Company recorded a charge of $21, net of tax benefits of $10, related to an increase in the gold spot price at quarter end. The total recorded benefit for the first nine months of 2013, is $53, net of tax expense of $24, related to an overall decline in the gold spot price and an increase in discount rates. During the third quarter of 2012, the Company recorded an additional $33 charge, net of tax benefits of $2, to reflect higher gold prices offset by a decrease in future expected production at the Holt property due to new resource estimates published by St. Andrew. The total charges for the first nine months of 2012 were $104, net of tax benefits of $6. | |
Net operating cash used in discontinued operations of $14 and $12 in the first nine months of 2013 and 2012 respectively relates to payments on the Holt property royalty. |
Net_Income_Attributable_to_Non
Net Income Attributable to Noncontrolling Interests | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Net Income Attributable to Noncontrolling Interests [Abstract] | ' | ||||||||||||||
NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS | ' | ||||||||||||||
NOTE 10 NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS | |||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||
Minera Yanacocha | $ | 6 | $ | 73 | $ | 89 | $ | 268 | |||||||
TMAC | -3 | - | -17 | - | |||||||||||
Batu Hijau | -10 | 3 | -251 | 11 | |||||||||||
Other | 5 | 4 | 7 | 6 | |||||||||||
$ | -2 | $ | 80 | $ | -172 | $ | 285 | ||||||||
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%). | |||||||||||||||
Newmont has a 70.4% economic ownership interest in TMAC, with remaining interests held by various outside investors. | |||||||||||||||
Newmont has a 48.5% effective economic interest in PT Newmont Nusa Tenggara (“PTNNT”) with remaining interests held by an affiliate of Sumitomo Corporation of Japan and various Indonesian entities. 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. | |||||||||||||||
Income_Per_Common_Share
Income Per Common Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Income Per Common Share [Abstract] | ' | ||||||||||||||||
INCOME PER COMMON SHARE | ' | ||||||||||||||||
NOTE 11 INCOME (LOSS) PER COMMON SHARE | |||||||||||||||||
Basic income (loss) per common share is computed by dividing income (loss) available to Newmont common stockholders by the weighted average number of common shares outstanding during the period. Diluted income (loss) per common share is computed similarly except that weighted average common shares is increased to reflect all dilutive instruments. | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Net income (loss) attributable to Newmont | |||||||||||||||||
stockholders | |||||||||||||||||
Continuing operations | $ | 429 | $ | 400 | $ | -1,349 | $ | 1,240 | |||||||||
Discontinued operations | -21 | -33 | 53 | -104 | |||||||||||||
$ | 408 | $ | 367 | $ | -1,296 | $ | 1,136 | ||||||||||
Weighted average common shares (millions): | |||||||||||||||||
Basic | 498 | 496 | 497 | 496 | |||||||||||||
Effect of employee stock-based awards | - | 1 | - | 1 | |||||||||||||
Effect of convertible notes | - | 2 | - | 3 | |||||||||||||
Diluted | 498 | 499 | 497 | 500 | |||||||||||||
Income (loss) per common share | |||||||||||||||||
Basic: | |||||||||||||||||
Continuing operations | $ | 0.86 | $ | 0.81 | $ | -2.72 | $ | 2.5 | |||||||||
Discontinued operations | -0.04 | -0.07 | 0.11 | -0.21 | |||||||||||||
$ | 0.82 | $ | 0.74 | $ | -2.61 | $ | 2.29 | ||||||||||
Diluted: | |||||||||||||||||
Continuing operations | $ | 0.86 | $ | 0.81 | $ | -2.72 | $ | 2.48 | |||||||||
Discontinued operations | -0.04 | -0.07 | 0.11 | -0.21 | |||||||||||||
$ | 0.82 | $ | 0.74 | $ | -2.61 | $ | 2.27 | ||||||||||
Options to purchase 3 and 2 million shares of common stock at average exercise prices of $48 and $57 were outstanding at September 30, 2013 and 2012, respectively, but were not included in the computation of diluted weighted average common shares because their exercise prices exceeded the average price of the Company's common stock for the respective periods presented. | |||||||||||||||||
Other outstanding options to purchase 1 million shares of common stock were not included in the computation of diluted weighted average common shares in the first nine months of 2013 because their effect would have been anti-dilutive. | |||||||||||||||||
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 (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 conversion price exceeded the Company's share price for the third quarter and first nine months of 2013, therefore no additional shares were included in the computation of diluted weighted average common shares. During the third quarter and first nine months of 2012, the Company's share price exceeded the conversion price, 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. | |||||||||||||||||
Employee_Pension_and_Other_Ben
Employee Pension and Other Benefit Plans | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Employee Pension and Other Benefit Plans [Abstract] | ' | |||||||||||||||
EMPLOYEE PENSION AND OTHER BENEFIT PLANS | ' | |||||||||||||||
NOTE 12 EMPLOYEE PENSION AND OTHER BENEFIT PLANS | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Pension benefit costs, net | ||||||||||||||||
Service cost | $ | 9 | $ | 7 | $ | 27 | $ | 22 | ||||||||
Interest cost | 11 | 10 | 31 | 31 | ||||||||||||
Expected return on plan assets | -12 | -11 | -37 | -33 | ||||||||||||
Amortization, net | 8 | 6 | 26 | 20 | ||||||||||||
Settlements | 5 | - | 5 | - | ||||||||||||
$ | 21 | $ | 12 | $ | 52 | $ | 40 | |||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Other benefit costs, net | ||||||||||||||||
Service cost | $ | 1 | $ | 1 | $ | 3 | $ | 2 | ||||||||
Interest cost | 1 | 1 | 4 | 4 | ||||||||||||
$ | 2 | $ | 2 | $ | 7 | $ | 6 | |||||||||
In September 2013, the Company approved an amendment to the terms of its Salaried Pension and Pension Equalization Plans, effective beginning July 2014. The Company announced these changes in early October, and as a result, re-measured its pension liability at September 30, 2013. The discount rate used for purposes of the re-measurement was 5.25%. The re-measurement resulted in a decrease of the pension liability of $165 ($107, net of tax). | ||||||||||||||||
Stock_Based_Compensation
Stock Based Compensation | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Stock Based Compensation [Abstract] | ' | ||||||||||||||
STOCK BASED COMPENSATION | ' | ||||||||||||||
NOTE 13 STOCK BASED COMPENSATION | |||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||
Stock options | $ | 2 | $ | 4 | $ | 7 | $ | 11 | |||||||
Restricted stock units | 8 | 8 | 24 | 19 | |||||||||||
Performance leveraged stock units | 2 | 2 | 6 | 8 | |||||||||||
Strategic stock units | 3 | 1 | 6 | 2 | |||||||||||
$ | 15 | $ | 15 | $ | 43 | $ | 40 |
Fair_Value_Accounting
Fair Value Accounting | 9 Months Ended | |||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||
Fair Value Accounting [Abstract] | ' | |||||||||||||||||||||
FAIR VALUE ACCOUNTING | ' | |||||||||||||||||||||
NOTE 14 FAIR VALUE ACCOUNTING | ||||||||||||||||||||||
Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below: | ||||||||||||||||||||||
Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; | ||||||||||||||||||||||
Level 2 Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and | ||||||||||||||||||||||
Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). | ||||||||||||||||||||||
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 September 30, 2013 | ||||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||||
Assets: | ||||||||||||||||||||||
Cash equivalents | $ | 113 | $ | 113 | $ | - | $ | - | ||||||||||||||
Marketable equity securities: | ||||||||||||||||||||||
Extractive industries | 479 | 479 | - | - | ||||||||||||||||||
Other | 4 | 4 | - | - | ||||||||||||||||||
Marketable debt securities: | ||||||||||||||||||||||
Asset backed commercial paper | 22 | - | - | 22 | ||||||||||||||||||
Corporate | 12 | - | 12 | - | ||||||||||||||||||
Auction rate securities | 4 | - | - | 4 | ||||||||||||||||||
Trade receivable from provisional copper | ||||||||||||||||||||||
and gold concentrate sales, net | 122 | 122 | - | - | ||||||||||||||||||
$ | 756 | $ | 718 | $ | 12 | $ | 26 | |||||||||||||||
Liabilities: | ||||||||||||||||||||||
Derivative instruments, net: | ||||||||||||||||||||||
Foreign exchange forward contracts | $ | 80 | $ | - | $ | 80 | $ | - | ||||||||||||||
Diesel forward contracts | 1 | - | 1 | - | ||||||||||||||||||
Boddington contingent consideration | 28 | - | - | 28 | ||||||||||||||||||
Holt property royalty | 149 | - | - | 149 | ||||||||||||||||||
$ | 258 | $ | - | $ | 81 | $ | 177 | |||||||||||||||
The fair values of the derivative instruments in the table above are presented on a net basis. The gross amounts related to the fair value of the derivatives instruments above are included in the Derivatives Instruments Note (see Note 15). All other Fair Value disclosures in the above table are presented on a gross basis. | ||||||||||||||||||||||
The Company's cash equivalent instruments are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The cash equivalent instruments that are valued based on quoted market prices in active markets are primarily money market securities and U.S. Treasury securities. | ||||||||||||||||||||||
The Company's marketable equity securities are valued using quoted market prices in active markets and as such are classified within Level 1 of the fair value hierarchy. The securities are segregated based on industry. The fair value of the marketable equity securities is calculated as the quoted market price of the marketable equity security multiplied by the quantity of shares held by the Company. | ||||||||||||||||||||||
The Company's marketable corporate debt securities are mainly comingled fund investments that are classified within Level 2 with the unit of account considered to be at the fund level. | ||||||||||||||||||||||
The Company's marketable debt securities also 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. Therefore, the investments are classified as Level 3 of the fair value hierarchy. See table below which sets forth a summary of the quantitative and qualitative information related to the significant unobservable inputs used in the calculation of the fair value. | ||||||||||||||||||||||
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 increased the accrual to the maximum of $100. The Boddington contingent royalty is classified within Level 3 of the fair value hierarchy. See table below which sets forth a summary of the quantitative and qualitative information related to the significant unobservable inputs used in the calculation of the fair value. | ||||||||||||||||||||||
The estimated fair value of the Holt sliding scale royalty was determined using a Monte Carlo valuation model. The sliding scale royalty liability is classified within Level 3 of the fair value hierarchy. See table below which sets forth a summary of the quantitative and qualitative information related to the significant unobservable inputs used in the calculation of the fair value. | ||||||||||||||||||||||
The following table sets forth a summary of the quantitative and qualitative information related to the unobservable inputs used in the calculation of the Company's Level 3 financial assets and liabilities for the nine months ended September 30, 2013: | ||||||||||||||||||||||
Description | At September 30, 2013 | Valuation technique | Unobservable input | Range/Weighted average | ||||||||||||||||||
Auction Rate Securities | $ | 4 | Discounted cash flow | Weighted average recoverability rate | 58 | % | ||||||||||||||||
Asset Backed Commercial Paper | 22 | Discounted cash flow | Recoverability rate | 72-88 | % | |||||||||||||||||
Boddington Contingent Consideration | 28 | Monte Carlo | Discount rate | 5 | % | |||||||||||||||||
Long Term Gold price | $ | 1,400 | ||||||||||||||||||||
Long Term Copper price | $ | 3 | ||||||||||||||||||||
Holt property royalty | 149 | Monte Carlo | Weighted average discount rate | 5 | % | |||||||||||||||||
Long Term Gold price | $ | 1,400 | ||||||||||||||||||||
The following table sets forth a summary of changes in the fair value of the Company's Level 3 financial assets and liabilities for the nine months ended September 30, 2013: | ||||||||||||||||||||||
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 | $ | 41 | $ | 240 | $ | 281 | ||||||||||
Unrealized loss | -1 | - | -1 | - | - | - | ||||||||||||||||
Settlements | - | - | - | -13 | -15 | -28 | ||||||||||||||||
Revaluation | - | 3 | 3 | - | -76 | -76 | ||||||||||||||||
Balance at end of period | $ | 4 | $ | 22 | $ | 26 | $ | 28 | $ | 149 | $ | 177 | ||||||||||
At September 30, 2013, assets and liabilities classified within Level 3 of the fair value hierarchy represent 3% and 69%, respectively, of total assets and liabilities measured at fair value. | ||||||||||||||||||||||
During the second quarter of 2013, Newmont recorded write-downs related to Property, plant and equipment, net. (See Note 5). The estimated fair values of Property, plant and mine development, net, Goodwill and Intangible assets used in determining the second quarter impairment followed the discounted cash flow approach. The discounted cash flow model used significant unobservable inputs and is, therefore, considered within Level 3 of the fair value hierarchy. | ||||||||||||||||||||||
The following table sets forth a summary of the quantitative and qualitative information related to the unobservable inputs used in the calculation of the Company's nonrecurring Level 3 financial assets: | ||||||||||||||||||||||
Description | Valuation technique | Unobservable input | Range/Weighted average | |||||||||||||||||||
Property, plant and mine development, net | Discounted cash flow | Discount rate | 4.25 | % | ||||||||||||||||||
Long Term Gold price | $ | 1,400 | ||||||||||||||||||||
Long Term Copper price | $ | 3 | ||||||||||||||||||||
Long Term Exchange rate A$/US$ | 0.935 | |||||||||||||||||||||
Goodwill and Intangible assets | Discounted cash flow | Discount rate | 3.75-4.25 | % | ||||||||||||||||||
Long Term Gold price | $ | 1,400 | ||||||||||||||||||||
Long Term Copper price | $ | 3 | ||||||||||||||||||||
Long Term Exchange rate A$/US$ | 0.935 |
Derivative_Instruments
Derivative Instruments | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Derivative Instruments [Abstract] | ' | ||||||||||||||||||||||||
DERIVATIVE INSTRUMENTS | ' | ||||||||||||||||||||||||
NOTE 15 DERIVATIVE INSTRUMENTS | |||||||||||||||||||||||||
The Company's strategy is to provide shareholders with leverage to changes in gold and copper prices by selling its production at spot market prices. Consequently, the Company does not hedge its gold and copper sales. The Company continues to manage certain risks associated with commodity input costs, interest rates and foreign currencies using the derivative market. All of the derivative instruments described below were transacted for risk management purposes and qualify as cash flow 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(loss) and are reclassified to earnings 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. | |||||||||||||||||||||||||
Newmont had the following foreign currency derivative contracts outstanding at September 30, 2013: | |||||||||||||||||||||||||
Expected Maturity Date | |||||||||||||||||||||||||
Total/ | |||||||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | Average | |||||||||||||||||||
A$ Operating Fixed Forward Contracts: | |||||||||||||||||||||||||
A$ notional (millions) | 323 | 1,118 | 848 | 564 | 273 | 44 | 3,170 | ||||||||||||||||||
Average rate ($/A$) | 0.95 | 0.93 | 0.92 | 0.92 | 0.91 | 0.89 | 0.93 | ||||||||||||||||||
Expected hedge ratio | 87 | % | 71 | % | 55 | % | 37 | % | 18 | % | 7 | % | |||||||||||||
NZ$ Operating Fixed Forward Contracts: | |||||||||||||||||||||||||
NZ$ notional (millions) | 22 | 59 | 14 | - | - | - | 95 | ||||||||||||||||||
Average rate ($/NZ$) | 0.8 | 0.8 | 0.77 | - | - | - | 0.8 | ||||||||||||||||||
Expected hedge ratio | 73 | % | 54 | % | 16 | % | - | - | - | ||||||||||||||||
In order to reduce derivative exposure to a lower Australian dollar, in October 2013 the Company began closing out certain foreign currency contracts. As of October 25, 2013 the Company settled approximately A$2,100 in notional contracts for a net gain of approximately $46. These gains will be held in Other Comprehensive Income “OCI” as the hedged transactions, A$ denominated operating costs, are still probable of occurring over the original time period. The amount deferred in OCI will be recognized in earnings over a period of five years as the original hedge transactions occur. From time to time and depending upon business considerations and market conditions, the Company may consider closing out additional Australian dollar hedging contracts, or conversely, may enter into new Australian dollar hedging contracts. | |||||||||||||||||||||||||
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 up to three years. | |||||||||||||||||||||||||
Newmont had the following diesel derivative contracts outstanding at September 30, 2013: | |||||||||||||||||||||||||
Expected Maturity Date | |||||||||||||||||||||||||
Total/ | |||||||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | Average | |||||||||||||||||||||
Diesel Fixed Forward Contracts: | |||||||||||||||||||||||||
Diesel gallons (millions) | 7 | 24 | 13 | 3 | 47 | ||||||||||||||||||||
Average rate ($/gallon) | 2.9 | 2.87 | 2.77 | 2.69 | 2.84 | ||||||||||||||||||||
Expected hedge ratio | 70 | % | 62 | % | 33 | % | 10 | % | |||||||||||||||||
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 $349 represented the effective portion of the hedging instrument included in Accumulated other comprehensive income (loss). The net proceeds from the debt issuance were adjusted by the settlement amount of the swap contracts and included as a financing activity in the Condensed Consolidated Statements of Cash Flow. | |||||||||||||||||||||||||
Derivative Instrument Fair Values | |||||||||||||||||||||||||
Newmont had the following derivative instruments designated as hedges at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||
Fair Value | |||||||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||
Other Current Assets | Other Long-Term Assets | Other Current Liabilities | Other Long-Term Liabilities | ||||||||||||||||||||||
Foreign currency exchange contracts: | |||||||||||||||||||||||||
A$ operating fixed forwards | $ | 26 | $ | 18 | $ | 42 | $ | 84 | |||||||||||||||||
NZ$ operating fixed forwards | 2 | - | - | - | |||||||||||||||||||||
Diesel fixed forwards | 1 | - | 1 | 1 | |||||||||||||||||||||
Total derivative instruments (Notes 19 and 21) | $ | 29 | $ | 18 | $ | 43 | $ | 85 | |||||||||||||||||
Fair Value | |||||||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Other Current Assets | Other Long-Term Assets | Other Current Liabilities | Other Long-Term Liabilities | ||||||||||||||||||||||
Foreign currency exchange contracts: | |||||||||||||||||||||||||
A$ operating fixed forwards | $ | 108 | 143 | - | 1 | ||||||||||||||||||||
NZ$ operating fixed forwards | 2 | - | - | - | |||||||||||||||||||||
Diesel fixed forwards | 2 | 1 | 1 | 1 | |||||||||||||||||||||
Total derivative instruments (Notes 19 and 21) | $ | 112 | $ | 144 | $ | 1 | $ | 2 | |||||||||||||||||
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 hedges. | |||||||||||||||||||||||||
Foreign Currency | Diesel Forward | Forward Starting | |||||||||||||||||||||||
Exchange Contracts | Contracts | Swap Contracts | |||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
For the three months ended September 30, | |||||||||||||||||||||||||
Cash flow hedging relationships: | |||||||||||||||||||||||||
Gain recognized in other comprehensive income (loss) (effective portion) | $ | 77 | $ | 70 | $ | 3 | $ | 14 | $ | - | $ | - | |||||||||||||
Gain (loss) reclassified from Accumulated other comprehensive income into income (loss) (effective portion) (1) | 8 | 40 | 1 | 2 | -5 | -3 | |||||||||||||||||||
For the nine months ended September 30, | |||||||||||||||||||||||||
Cash flow hedging relationships: | |||||||||||||||||||||||||
Gain (loss) recognized in other comprehensive income (loss) (effective portion) | $ | -291 | $ | 156 | $ | -1 | $ | 10 | $ | - | $ | 36 | |||||||||||||
Gain (loss) reclassified from Accumulated other comprehensive income into income (loss) (effective portion) (1) | 68 | 125 | 1 | 6 | -14 | -7 | |||||||||||||||||||
Gain reclassified from Accumulated other comprehensive income into income (loss) (ineffective portion) (2) | - | - | 0 | - | - | 2 | |||||||||||||||||||
(1) The gain (loss) recognized for the effective portion of cash flow hedges is included in Cost Applicable to Sales, Write-downs and Interest expense, net. | |||||||||||||||||||||||||
(2) The ineffective portion recognized for cash flow hedges is included in Other income, net. | |||||||||||||||||||||||||
The amount to be reclassified from Accumulated other comprehensive income(loss), net of tax to income for derivative instruments during the next 12 months is a loss of approximately $22. | |||||||||||||||||||||||||
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 $3.21 per pound during the three months ended September 30, 2013, compared with the Company's recorded average provisional price of $3.16 per pound before mark-to-market adjustments and treatment and refining charges. LME copper prices averaged $3.35 per pound during the nine months ended September 30, 2013, compared with the Company's recorded average provisional price of $3.30 per pound before mark-to-market adjustments and treatment and refining charges. During the three and nine months ended September 30, 2013, changes in copper prices resulted in a provisional pricing mark-to-market gains of $14 ($0.25 per pound) and loss of $10 ($0.06 per pound), respectively. At September 30, 2013, Newmont had copper sales of 59 million pounds priced at an average of $3.31 per pound, subject to final pricing over the next several months. | |||||||||||||||||||||||||
The average London P.M. fix for gold was $1,326 per ounce during the three months ended September 30, 2013, compared with the Company's recorded average provisional price of $1,330 per ounce before mark-to-market adjustments and treatment and refining charges. The average London P.M. fix for gold was $1,456 per ounce during the nine months ended September 30, 2013, compared to the Company's recorded average provisional price of $1,452 per ounce before mark-to-market adjustments and treatment and refining charges. During the three and nine months ended September 30, 2013, changes in gold prices resulted in a provisional pricing mark-to-market gains of $9 ($6 per ounce) and loss of $13 ($3 per ounce), respectively. At September 30, 2013, Newmont had gold sales of 50,000 ounces priced at an average of $1,327 per ounce, subject to final pricing over the next several months. | |||||||||||||||||||||||||
Investments
Investments | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||
INVESTMENTS | ' | |||||||||||||||||
NOTE 16 INVESTMENTS | ||||||||||||||||||
At September 30, 2013 | ||||||||||||||||||
Cost/Equity | Unrealized | Fair/Equity | ||||||||||||||||
Basis | Gain | Loss | Basis | |||||||||||||||
Current: | ||||||||||||||||||
Marketable Equity Securities: | ||||||||||||||||||
Gabriel Resources Ltd. | 75 | - | -33 | 42 | ||||||||||||||
Paladin Energy Ltd. | 24 | - | - | 24 | ||||||||||||||
Other | 25 | 4 | -4 | 25 | ||||||||||||||
$ | 124 | $ | 4 | $ | -37 | $ | 91 | |||||||||||
Long-term: | ||||||||||||||||||
Marketable Debt Securities: | ||||||||||||||||||
Asset backed commercial paper | $ | 23 | $ | - | $ | -1 | $ | 22 | ||||||||||
Auction rate securities | 7 | - | -3 | 4 | ||||||||||||||
Corporate | 13 | - | -1 | 12 | ||||||||||||||
43 | - | -5 | 38 | |||||||||||||||
Marketable Equity Securities: | ||||||||||||||||||
Regis Resources Ltd. | 166 | 198 | - | 364 | ||||||||||||||
Other | 30 | 2 | -4 | 28 | ||||||||||||||
196 | 200 | -4 | 392 | |||||||||||||||
Other investments, at cost | 13 | - | - | 13 | ||||||||||||||
Investment in Affiliates: | ||||||||||||||||||
Minera La Zanja S.R.L. | 81 | - | - | 81 | ||||||||||||||
Novo Resources Corp. | 16 | - | - | 16 | ||||||||||||||
$ | 349 | $ | 200 | $ | -9 | $ | 540 | |||||||||||
At December 31, 2012 | ||||||||||||||||||
Cost/Equity | Unrealized | Fair/Equity | ||||||||||||||||
Basis | Gain | Loss | Basis | |||||||||||||||
Current: | ||||||||||||||||||
Marketable Equity Securities: | ||||||||||||||||||
Paladin Energy Ltd. | $ | 60 | $ | - | $ | -3 | $ | 57 | ||||||||||
Other | 17 | 14 | -2 | 29 | ||||||||||||||
$ | 77 | $ | 14 | $ | -5 | $ | 86 | |||||||||||
Long-term: | ||||||||||||||||||
Marketable Debt Securities: | ||||||||||||||||||
Asset backed commercial paper | $ | 25 | $ | - | $ | -6 | $ | 19 | ||||||||||
Auction rate securities | 7 | - | -2 | 5 | ||||||||||||||
Corporate | 14 | - | - | 14 | ||||||||||||||
46 | - | -8 | 38 | |||||||||||||||
Marketable Equity Securities: | ||||||||||||||||||
Canadian Oil Sands Ltd. | 310 | 318 | - | 628 | ||||||||||||||
Gabriel Resources Ltd. | 78 | 42 | - | 120 | ||||||||||||||
Regis Resources Ltd. | 166 | 352 | - | 518 | ||||||||||||||
Other | 51 | 14 | - | 65 | ||||||||||||||
605 | 726 | - | 1,331 | |||||||||||||||
Other investments, at cost | 12 | - | - | 12 | ||||||||||||||
Investment in Affiliates: | ||||||||||||||||||
Minera La Zanja S.R.L. | 65 | - | - | 65 | ||||||||||||||
$ | 728 | $ | 726 | $ | -8 | $ | 1,446 | |||||||||||
In September 2013, the Company purchased a 35.7% share of Novo Resources Corporation (“Novo”) for approximately $16. Novo owns a majority of the Beaton's Creek discovery with Millennium Minerals in the Pilbara region of Western Australia. The Company accounts for this ownership interest as an equity method investment. | ||||||||||||||||||
On July 8, 2013, the Company sold its investment in Canadian Oil Sands Limited for $587, resulting in a pretax gain of $280 recorded in Other income, net. | ||||||||||||||||||
During the three and nine months ended September 30, 2013, the Company recognized impairments for other-than-temporary declines in value of $41 and $52, respectively, for marketable equity securities, including $36 in the three and nine months related to its holdings of Paladin Energy, Ltd. During the three and nine months ended September 30, 2012, the Company recognized impairments for other-than-temporary declines in value of $7 and $39 for marketable equity securities. | ||||||||||||||||||
The following tables present the gross unrealized losses and fair value of the Company's investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by length of time that the individual securities have been in a continuous unrealized loss position: | ||||||||||||||||||
Less than 12 Months | 12 Months or Greater | Total | ||||||||||||||||
At September 30, 2013 | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||
Marketable equity securities | $ | 73 | $ | 41 | $ | - | $ | - | $ | 73 | $ | 41 | ||||||
Asset backed commercial paper | - | - | 22 | 1 | 22 | 1 | ||||||||||||
Auction rate securities | - | - | 4 | 3 | 4 | 3 | ||||||||||||
Corporate debt securities | 12 | 1 | - | - | 12 | 1 | ||||||||||||
$ | 85 | $ | 42 | $ | 26 | $ | 4 | $ | 111 | $ | 46 | |||||||
Less than 12 Months | 12 Months or Greater | Total | ||||||||||||||||
At December 31, 2012 | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||
Marketable equity securities | $ | 79 | $ | 5 | $ | - | $ | - | $ | 79 | $ | 5 | ||||||
Asset backed commercial paper | - | - | 19 | 6 | 19 | 6 | ||||||||||||
Auction rate securities | - | - | 5 | 2 | 5 | 2 | ||||||||||||
$ | 79 | $ | 5 | $ | 24 | $ | 8 | $ | 103 | $ | 13 | |||||||
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. | ||||||||||||||||||
Inventories
Inventories | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Inventories [Abstract] | ' | ||||||||
INVENTORIES | ' | ||||||||
NOTE 17 INVENTORIES | |||||||||
At September 30, | At December 31, | ||||||||
2013 | 2012 | ||||||||
In-process | $ | 102 | $ | 143 | |||||
Concentrate | 140 | 152 | |||||||
Precious metals | 34 | 31 | |||||||
Materials, supplies and other | 517 | 470 | |||||||
$ | 793 | $ | 796 | ||||||
The Company recorded write-downs of $13 and $3, classified as components of Costs applicable to sales and Amortization, respectively, for the first nine months of 2013, to reduce the carrying value of inventories to net realizable value. Of the write-downs in 2013, $1 is related to Nevada, $7 to Boddington, $1 to Other Australia/New Zealand and $7 to Batu Hijau. | |||||||||
Stockpiles_and_Ore_on_Leach_Pa
Stockpiles and Ore on Leach Pads | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Stockpiles And Ore On Leach Pad [Abstract] | ' | ||||||||
STOCKPILES AND ORE ON LEACH PADS | ' | ||||||||
NOTE 18 STOCKPILES AND ORE ON LEACH PADS | |||||||||
At September 30, | At December 31, | ||||||||
2013 | 2012 | ||||||||
Current: | |||||||||
Stockpiles | $ | 544 | $ | 602 | |||||
Ore on leach pads | 250 | 184 | |||||||
$ | 794 | $ | 786 | ||||||
Long-term: | |||||||||
Stockpiles | $ | 2,602 | $ | 2,514 | |||||
Ore on leach pads | 249 | 382 | |||||||
$ | 2,851 | $ | 2,896 | ||||||
At September 30, | At December 31, | ||||||||
2013 | 2012 | ||||||||
Stockpiles and ore on leach pads: | |||||||||
Nevada | $ | 897 | $ | 699 | |||||
La Herradura | 70 | 57 | |||||||
Yanacocha | 520 | 498 | |||||||
Boddington | 375 | 474 | |||||||
Batu Hijau | 1,368 | 1,543 | |||||||
Other Australia/New Zealand | 125 | 173 | |||||||
Ahafo | 274 | 235 | |||||||
Akyem | 16 | 3 | |||||||
$ | 3,645 | $ | 3,682 | ||||||
The Company recorded write-downs of $611 and $146, classified as components of Costs applicable to sales and Amortization, respectively, for the first nine months of 2013 to reduce the carrying value of stockpiles and ore on leach pads to net realizable value. The Company recorded write-downs of $27 for the first nine months of 2012. Of the write-downs in 2013, $4 are related to Nevada, $104 to Yanacocha, $133 to Boddington, $462 to Batu Hijau, and $54 to Other Australia/New Zealand. Of the write-downs in 2012, $4 relate to Yanacocha and $23 to Other Australia/New Zealand. |
Other_Assets
Other Assets | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Other Asset [Abstract] | ' | ||||||||
OTHER ASSETS | ' | ||||||||
NOTE 19 OTHER ASSETS | |||||||||
At September 30, | At December 31, | ||||||||
2013 | 2012 | ||||||||
Other current assets: | |||||||||
Refinery metal inventory and receivable | $ | 1,009 | $ | 1,183 | |||||
Prepaid assets | 232 | 213 | |||||||
Derivative instruments | 29 | 112 | |||||||
Restricted cash | - | 12 | |||||||
Other | 113 | 141 | |||||||
$ | 1,383 | $ | 1,661 | ||||||
Other long-term assets: | |||||||||
Income tax receivable | $ | 219 | $ | 92 | |||||
Goodwill | 132 | 188 | |||||||
Intangible assets | 101 | 136 | |||||||
Restricted cash | 95 | 90 | |||||||
Prepaid royalties | 80 | 78 | |||||||
Debt issuance costs | 65 | 73 | |||||||
Prepaid maintenance costs | 31 | 17 | |||||||
Derivative instruments | 18 | 144 | |||||||
Other | 86 | 54 | |||||||
$ | 827 | $ | 872 |
Debt
Debt | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Debt [Abstract] | ' | ||||||||||||
DEBT | ' | ||||||||||||
NOTE 20 DEBT | |||||||||||||
At September 30, 2013 | At December 31, 2012 | ||||||||||||
Current | Non-Current | Current | Non-Current | ||||||||||
2014 Convertible Senior Notes, net | $ | 554 | $ | - | $ | - | $ | 535 | |||||
2017 Convertible Senior Notes, net | - | 486 | - | 471 | |||||||||
2019 Senior Notes, net | - | 897 | - | 897 | |||||||||
2022 Senior Notes, net | - | 1,490 | - | 1,489 | |||||||||
2035 Senior Notes, net | - | 598 | - | 598 | |||||||||
2039 Senior Notes, net | - | 1,088 | - | 1,087 | |||||||||
2042 Senior Notes, net | - | 992 | - | 992 | |||||||||
Ahafo project finance facility | 10 | 30 | 10 | 35 | |||||||||
PTNNT revolving credit facility | - | 365 | - | 180 | |||||||||
Other | 23 | 3 | - | 4 | |||||||||
$ | 587 | $ | 5,949 | $ | 10 | $ | 6,288 | ||||||
Scheduled minimum debt repayments are $27 for the remainder of 2013, $565 in 2014, $11 in 2015, $11 in 2016, $857 in 2017 and $5,065 thereafter. | |||||||||||||
Corporate Letter of Credit Facility | |||||||||||||
In September 2013, the Company entered into a Letter of Credit Facility Agreement (“LC Agreement”) with BNP Paribas, New York Branch. The LC Agreement establishes a $175 letter of credit facility for a three year period to support reclamation obligations. Under the LC Agreement, the Company transferred $153 of letters of credit from the Corporate Revolving Credit Facility to the LC Agreement. | |||||||||||||
Other_Liabilities
Other Liabilities | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Other Liabilities Disclosure | ' | ||||||||
OTHER LIABILITIES | ' | ||||||||
NOTE 21 OTHER LIABILITIES | |||||||||
At September 30, | At December 31, | ||||||||
2013 | 2012 | ||||||||
Other current liabilities: | |||||||||
Refinery metal payable | $ | 1,009 | $ | 1,183 | |||||
Accrued operating costs | 213 | 336 | |||||||
Accrued capital expenditures | 115 | 172 | |||||||
Interest | 82 | 74 | |||||||
Reclamation and remediation liabilities | 73 | 82 | |||||||
Deferred income tax | 66 | 65 | |||||||
Derivative instruments | 43 | 1 | |||||||
Royalties | 34 | 42 | |||||||
Holt property royalty | 16 | 21 | |||||||
Boddington contingent consideration | - | 26 | |||||||
Taxes other than income and mining | 7 | 14 | |||||||
Other | 54 | 68 | |||||||
$ | 1,712 | $ | 2,084 | ||||||
Other long-term liabilities: | |||||||||
Holt property royalty | $ | 133 | $ | 219 | |||||
Derivative instruments | 85 | 2 | |||||||
Income and mining taxes | 72 | 65 | |||||||
Power supply agreements | 41 | 46 | |||||||
Boddington contingent consideration | 28 | 15 | |||||||
Deferred income tax from discontinued operations | 24 | - | |||||||
Other | 46 | 25 | |||||||
$ | 429 | $ | 372 | ||||||
Changes_in_Equity
Changes in Equity | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Change in Equity [Abstract] | ' | ||||||||||
CHANGES IN EQUITY | ' | ||||||||||
NOTE 22 CHANGES IN EQUITY | |||||||||||
Nine Months Ended September 30, | |||||||||||
2013 | 2012 | ||||||||||
Common stock: | |||||||||||
At beginning of period | $ | 787 | $ | 784 | |||||||
Stock based awards | 2 | 2 | |||||||||
At end of period | 789 | 786 | |||||||||
Additional paid-in capital: | |||||||||||
At beginning of period | 8,330 | 8,408 | |||||||||
Conversion premium on convertible notes | 0 | -172 | |||||||||
Stock based awards | 61 | 71 | |||||||||
Sale of noncontrolling interests | 48 | - | |||||||||
At end of period | 8,439 | 8,307 | |||||||||
Accumulated other comprehensive income (loss): | |||||||||||
At beginning of period | 490 | 652 | |||||||||
Other comprehensive income (loss) | -546 | -57 | |||||||||
At end of period | -56 | 595 | |||||||||
Retained earnings: | |||||||||||
At beginning of period | 4,166 | 3,052 | |||||||||
Net income (loss) attributable to Newmont stockholders | -1,296 | 1,136 | |||||||||
Dividends paid | -509 | -521 | |||||||||
At end of period | 2,361 | 3,667 | |||||||||
Noncontrolling interests: | |||||||||||
At beginning of period | 3,175 | 2,875 | |||||||||
Net income (loss) attributable to noncontrolling interests | -172 | 285 | |||||||||
Dividends paid to noncontrolling interests | -2 | 0 | |||||||||
Sale of noncontrolling interests, net | 7 | 0 | |||||||||
Other comprehensive income | 1 | 1 | |||||||||
At end of period | 3,009 | 3,161 | |||||||||
Total equity | $ | 14,542 | $ | 16,516 | |||||||
Reclassifications_out_of_Accum
Reclassifications out of Accumulated OCI | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Reclassifications Out of Accumulated Other Comprehensive Income Note [Abstract] | ' | ||||||||||||||||
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | ' | ||||||||||||||||
NOTE 23 RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||
Unrealized gain on marketable securities, net | Foreign currency translation adjustments | Pension and other post-retirement benefit adjustments | Changes in fair value of cash flow hedge instruments | Total | |||||||||||||
31-Dec-12 | $ | 542 | $ | 177 | $ | -276 | $ | 47 | $ | 490 | |||||||
Change in other comprehensive income | |||||||||||||||||
(loss) before reclassifications | -219 | -29 | 107 | -189 | -330 | ||||||||||||
Reclassifications from accumulated | |||||||||||||||||
other comprehensive income (loss) | -194 | - | 17 | -39 | -216 | ||||||||||||
Net current-period other | |||||||||||||||||
comprehensive income (loss) | -413 | -29 | 124 | -228 | -546 | ||||||||||||
30-Sep-13 | $ | 129 | $ | 148 | $ | -152 | $ | -181 | $ | -56 | |||||||
Details about Accumulated Other Comprehensive Income (Loss) Components | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Affected Line Item in the Condensed Consolidated Statement of Income (Loss) | |||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | ||||||||||||||||
Marketable securities adjustments: | |||||||||||||||||
Sale of marketable securities | $ | -280 | $ | -280 | Other income, net | ||||||||||||
Impairment of marketable securities | 41 | 52 | Other income, net | ||||||||||||||
Total before tax | -239 | -228 | |||||||||||||||
Tax benefit (expense) | 37 | 34 | |||||||||||||||
Net of tax | $ | -202 | $ | -194 | |||||||||||||
Pension liability adjustments: | |||||||||||||||||
Amortization, net | $ | 8 | $ | 26 | -1 | ||||||||||||
Total before tax | 8 | 26 | |||||||||||||||
Tax (expense) benefit | -3 | -9 | |||||||||||||||
Net of tax | $ | 5 | $ | 17 | |||||||||||||
Hedge instruments adjustments: | |||||||||||||||||
Operating cash flow hedges | $ | -9 | $ | -88 | Costs applicable to sales | ||||||||||||
Capital cash flow hedges | - | 1 | Amortization | ||||||||||||||
Capital cash flow hedges | - | 18 | Write-downs | ||||||||||||||
Forward starting swap hedges | 5 | 14 | Interest expense, net | ||||||||||||||
Total before tax | -4 | -55 | |||||||||||||||
Tax benefit (expense) | - | 16 | |||||||||||||||
Net of tax | $ | -4 | $ | -39 | |||||||||||||
Total reclassifications for the period, | |||||||||||||||||
net of tax | $ | -201 | $ | -216 | |||||||||||||
-1 | This accumulated other comprehensive income (loss) component is included in General and administrative and costs that benefit the inventory/production process. Refer to Note 2 in the Newmont Annual Report on Form 10-K for the year ended December 31, 2012 for information on costs that benefit the inventory/production process. |
Net_Change_in_Operating_Assets
Net Change in Operating Assets and Liabilities | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
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, | |||||||||
2013 | 2012 | ||||||||
Decrease (increase) in operating assets: | |||||||||
Trade and accounts receivable | $ | 255 | $ | -7 | |||||
Inventories, stockpiles and ore on leach pads | -609 | -603 | |||||||
EGR refinery assets | 166 | 177 | |||||||
Other assets | -52 | -81 | |||||||
Decrease in operating liabilities: | |||||||||
Accounts payable and other accrued liabilities | -111 | -291 | |||||||
EGR refinery liabilities | -166 | -177 | |||||||
Reclamation liabilities | -41 | -57 | |||||||
$ | -558 | $ | -1,039 |
Condensed_Consolidating_Financ
Condensed Consolidating Financial Statements | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Financial Statements [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
NOTE 25 CONDENSED CONSOLIDATING FINANCIAL STATEMENTS | |||||||||||||||||||||||||||||||||||||||||||||||||
The following Condensed Consolidating Financial Statements are presented to satisfy disclosure requirements of Rule 3-10(e) of Regulation S-X resulting from the inclusion of Newmont USA Limited (“Newmont USA”), a wholly-owned subsidiary of Newmont, as a co-registrant with Newmont on debt securities issued under a shelf registration statement on Form S-3 filed under the Securities Act of 1933 under which securities of Newmont (including debt securities guaranteed by Newmont USA) may be issued (the “Shelf Registration Statement”). In accordance with Rule 3-10(e) of Regulation S-X, Newmont USA, as the subsidiary guarantor, is 100% owned by Newmont, the guarantees are full and unconditional, and no other subsidiary of Newmont guaranteed any security issued under the Shelf Registration Statement. There are no restrictions on the ability of Newmont or Newmont USA to obtain funds from its subsidiaries by dividend or loan. | |||||||||||||||||||||||||||||||||||||||||||||||||
At December 31, 2012, errors were identified in the previously reported condensed consolidating financial statements resulting from incorrectly applying the provisions of Rule 3-10(e) of Regulation S-X related to the presentation of the financial information of its subsidiary guarantor, Newmont USA. In the previously reported information, the Company presented Newmont USA on a consolidated basis with its non-guarantor subsidiaries and under Rule 3-10 of Regulation S-X Newmont USA should have presented its investment in subsidiaries based upon its proportionate share of its non-guarantor subsidiaries' net assets (similar to the equity method of accounting). In addition, the Company corrected the Newmont Mining Corporation column for investments in subsidiaries previously presented in the Eliminations column. The tables following the revised condensed consolidating financial statements illustrate the effects of the errors, which relate to the columns for Newmont Mining Corporation, Newmont USA, Other Subsidiaries and Eliminations, on previously reported condensed consolidating financial information for the three and nine months ended September 30, 2012. | |||||||||||||||||||||||||||||||||||||||||||||||||
The errors to the Newmont USA column for the incorrect presentation resulted in no change in previously reported line items for net income attributable to Newmont and stockholders' equity. It did however have a significant impact on the previously reported cash balance, and cash flow from operations, investing and financing activities of Newmont USA as a result of the deconsolidation of its subsidiaries and the one line proportionate accounting pick up. Further, the Other Subsidiaries column changed by corresponding adjustments and to give effect to intercompany balances to include the non-guarantor subsidiaries of Newmont USA and the Eliminations column changes as a result of the above changes. In addition, the Company corrected an error in the Newmont Mining Corporation column related to stockholders' equity and investment in subsidiaries. This was a result of a gain associated with a partial sale of a subsidiary that was previously included in the Eliminations column. The cash flow statement in the Newmont Mining Corporation column was revised to reflect earnings from subsidiaries, net of dividends received. | |||||||||||||||||||||||||||||||||||||||||||||||||
The Company concluded these errors were not material individually or in the aggregate to any of the previously issued financial statements taken as a whole. These errors had no impact on the consolidated financial statements of Newmont or any debt covenants and had no impact on the ability of Newmont's subsidiaries to dividend cash to Newmont. The impact of these corrections to the applicable prior year period is reflected in the revised financial information and notes below. | |||||||||||||||||||||||||||||||||||||||||||||||||
In addition to the above, in April of the current year the Company merged one of its subsidiaries into Newmont USA. As a result of this merger, the prior periods presented have been revised to reflect this change as if the transaction had occurred at the beginning of the earliest period presented in accordance with the accounting guidance for business combinations between entities under common control. | |||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | Mining | ||||||||||||||||||||||||||||||||||||||||||||||||
Mining | Newmont | Other | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Income | Corporation | USA | Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||
Sales | $ | - | $ | 587 | $ | 1,396 | $ | - | $ | 1,983 | |||||||||||||||||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales (1) | - | 229 | 807 | - | 1,036 | ||||||||||||||||||||||||||||||||||||||||||||
Amortization | - | 50 | 249 | - | 299 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation | - | 2 | 18 | - | 20 | ||||||||||||||||||||||||||||||||||||||||||||
Exploration | - | 10 | 50 | - | 60 | ||||||||||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | - | 14 | 53 | - | 67 | ||||||||||||||||||||||||||||||||||||||||||||
General and administrative | - | 23 | 25 | - | 48 | ||||||||||||||||||||||||||||||||||||||||||||
Write-downs | - | - | 3 | - | 3 | ||||||||||||||||||||||||||||||||||||||||||||
Other expense, net | - | 21 | 63 | - | 84 | ||||||||||||||||||||||||||||||||||||||||||||
- | 349 | 1,268 | - | 1,617 | |||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | -12 | 2 | 300 | - | 290 | ||||||||||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 31 | 7 | 6 | -44 | - | ||||||||||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | -2 | - | -42 | 44 | - | ||||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | -78 | -1 | 3 | - | -76 | ||||||||||||||||||||||||||||||||||||||||||||
-61 | 8 | 267 | - | 214 | |||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | -61 | 246 | 395 | - | 580 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 21 | -46 | -129 | - | -154 | ||||||||||||||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | 448 | -92 | 20 | -375 | 1 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations | 408 | 108 | 286 | -375 | 427 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from discontinued operations | - | - | -21 | - | -21 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | 408 | 108 | 265 | -375 | 406 | ||||||||||||||||||||||||||||||||||||||||||||
Net loss (income) attributable to noncontrolling interests | - | - | -4 | 6 | 2 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | 408 | $ | 108 | $ | 261 | $ | -369 | $ | 408 | |||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) | $ | 423 | $ | 218 | $ | 173 | $ | -391 | $ | 423 | |||||||||||||||||||||||||||||||||||||||
Comprehensive loss (income) attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | - | - | -5 | 5 | - | ||||||||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders | $ | 423 | $ | 218 | $ | 168 | $ | -386 | $ | 423 | |||||||||||||||||||||||||||||||||||||||
(1) Excludes Amortization and Reclamation and remediation. | |||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | Mining | ||||||||||||||||||||||||||||||||||||||||||||||||
Mining | Newmont | Other | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Income | Corporation | USA | Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||
Sales | $ | - | $ | 681 | $ | 1,799 | $ | - | $ | 2,480 | |||||||||||||||||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales (1) | - | 245 | 843 | - | 1,088 | ||||||||||||||||||||||||||||||||||||||||||||
Amortization | - | 53 | 219 | - | 272 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation | - | 3 | 14 | - | 17 | ||||||||||||||||||||||||||||||||||||||||||||
Exploration | - | 31 | 84 | - | 115 | ||||||||||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | - | 11 | 63 | - | 74 | ||||||||||||||||||||||||||||||||||||||||||||
General and administrative | - | 40 | 11 | - | 51 | ||||||||||||||||||||||||||||||||||||||||||||
Other expense, net | - | 19 | 112 | - | 131 | ||||||||||||||||||||||||||||||||||||||||||||
- | 402 | 1,346 | - | 1,748 | |||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | - | 11 | 41 | - | 52 | ||||||||||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 46 | 10 | -6 | -50 | - | ||||||||||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | -3 | - | -47 | 50 | - | ||||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | -67 | -3 | 3 | - | -67 | ||||||||||||||||||||||||||||||||||||||||||||
-24 | 18 | -9 | - | -15 | |||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | -24 | 297 | 444 | - | 717 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 8 | -82 | -154 | - | -228 | ||||||||||||||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | 383 | -8 | 40 | -424 | -9 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations | 367 | 207 | 330 | -424 | 480 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from discontinued operations | - | - | -33 | - | -33 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | 367 | 207 | 297 | -424 | 447 | ||||||||||||||||||||||||||||||||||||||||||||
Net loss (income) attributable to noncontrolling interests | - | - | -103 | 23 | -80 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | 367 | $ | 207 | $ | 194 | $ | -401 | $ | 367 | |||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) | $ | 601 | $ | 224 | $ | 576 | $ | -719 | $ | 682 | |||||||||||||||||||||||||||||||||||||||
Comprehensive loss (income) attributable to noncontrolling | |||||||||||||||||||||||||||||||||||||||||||||||||
interests | - | - | -104 | 23 | -81 | ||||||||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders | $ | 601 | $ | 224 | $ | 472 | $ | -696 | $ | 601 | |||||||||||||||||||||||||||||||||||||||
(1) Excludes Amortization and Reclamation and remediation. | |||||||||||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | Mining | ||||||||||||||||||||||||||||||||||||||||||||||||
Mining | Newmont | Other | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Income | Corporation | USA | Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||
Sales | $ | - | $ | 1,635 | $ | 4,518 | $ | - | $ | 6,153 | |||||||||||||||||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales (1) | - | 725 | 3,008 | - | 3,733 | ||||||||||||||||||||||||||||||||||||||||||||
Amortization | - | 146 | 835 | - | 981 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation | - | 6 | 50 | - | 56 | ||||||||||||||||||||||||||||||||||||||||||||
Exploration | - | 38 | 157 | - | 195 | ||||||||||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | - | 37 | 128 | - | 165 | ||||||||||||||||||||||||||||||||||||||||||||
General and administrative | - | 77 | 81 | - | 158 | ||||||||||||||||||||||||||||||||||||||||||||
Write-downs | - | - | 2,265 | - | 2,265 | ||||||||||||||||||||||||||||||||||||||||||||
Other expense, net | - | 51 | 209 | - | 260 | ||||||||||||||||||||||||||||||||||||||||||||
- | 1,080 | 6,733 | - | 7,813 | |||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | -10 | 11 | 365 | - | 366 | ||||||||||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 113 | 22 | 16 | -151 | - | ||||||||||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | -8 | - | -143 | 151 | - | ||||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | -211 | -7 | 7 | - | -211 | ||||||||||||||||||||||||||||||||||||||||||||
-116 | 26 | 245 | - | 155 | |||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | -116 | 581 | -1,970 | - | -1,505 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 40 | -167 | 117 | - | -10 | ||||||||||||||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | -1,220 | -439 | -100 | 1,753 | -6 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations | -1,296 | -25 | -1,953 | 1,753 | -1,521 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from discontinued operations | - | - | 53 | - | 53 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | -1,296 | -25 | -1,900 | 1,753 | -1,468 | ||||||||||||||||||||||||||||||||||||||||||||
Net loss (income) attributable to noncontrolling interests | - | - | 252 | -80 | 172 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | -1,296 | $ | -25 | $ | -1,648 | $ | 1,673 | $ | -1,296 | |||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) | $ | -1,842 | $ | 77 | $ | -2,649 | $ | 2,401 | $ | -2,013 | |||||||||||||||||||||||||||||||||||||||
Comprehensive loss (income) attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | - | - | 252 | -81 | 171 | ||||||||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders | $ | -1,842 | $ | 77 | $ | -2,397 | $ | 2,320 | $ | -1,842 | |||||||||||||||||||||||||||||||||||||||
(1) Excludes Amortization and Reclamation and remediation. | |||||||||||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | Mining | ||||||||||||||||||||||||||||||||||||||||||||||||
Mining | Newmont | Other | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Income | Corporation | USA | Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||
Sales | $ | - | $ | 1,867 | $ | 5,525 | $ | - | $ | 7,392 | |||||||||||||||||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales (1) | - | 745 | 2,362 | - | 3,107 | ||||||||||||||||||||||||||||||||||||||||||||
Amortization | - | 134 | 617 | - | 751 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation | - | 8 | 41 | - | 49 | ||||||||||||||||||||||||||||||||||||||||||||
Exploration | - | 74 | 235 | - | 309 | ||||||||||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | - | 33 | 225 | - | 258 | ||||||||||||||||||||||||||||||||||||||||||||
General and administrative | - | 105 | 57 | - | 162 | ||||||||||||||||||||||||||||||||||||||||||||
Other expense, net | - | 36 | 341 | - | 377 | ||||||||||||||||||||||||||||||||||||||||||||
- | 1,135 | 3,878 | - | 5,013 | |||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | 2 | 23 | 96 | - | 121 | ||||||||||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 125 | 24 | -6 | -143 | - | ||||||||||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | -11 | - | -132 | 143 | - | ||||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | -186 | -6 | 2 | - | -190 | ||||||||||||||||||||||||||||||||||||||||||||
-70 | 41 | -40 | - | -69 | |||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | -70 | 773 | 1,607 | - | 2,310 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 24 | -210 | -560 | - | -746 | ||||||||||||||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | 1,182 | 362 | 157 | -1,740 | -39 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations | 1,136 | 925 | 1,204 | -1,740 | 1,525 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from discontinued operations | - | - | -104 | - | -104 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | 1,136 | 925 | 1,100 | -1,740 | 1,421 | ||||||||||||||||||||||||||||||||||||||||||||
Net loss (income) attributable to noncontrolling interests | - | - | -373 | 88 | -285 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | 1,136 | $ | 925 | $ | 727 | $ | -1,652 | $ | 1,136 | |||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) | $ | 1,079 | $ | 915 | $ | 1,082 | $ | -1,711 | $ | 1,365 | |||||||||||||||||||||||||||||||||||||||
Comprehensive loss (income) attributable to noncontrolling | |||||||||||||||||||||||||||||||||||||||||||||||||
interests | - | - | -374 | 88 | -286 | ||||||||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders | $ | 1,079 | $ | 915 | $ | 708 | $ | -1,623 | $ | 1,079 | |||||||||||||||||||||||||||||||||||||||
(1) Excludes Amortization and Reclamation and remediation. | |||||||||||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | Mining | ||||||||||||||||||||||||||||||||||||||||||||||||
Mining | Newmont | Other | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | Corporation | USA | Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | -1,296 | $ | -25 | $ | -1,900 | $ | 1,753 | $ | -1,468 | |||||||||||||||||||||||||||||||||||||||
Adjustments | 1,306 | 819 | 2,834 | -1,758 | 3,201 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | -12 | -331 | -215 | - | -558 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | -2 | 463 | 719 | -5 | 1,175 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | - | - | -14 | - | -14 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | -2 | 463 | 705 | -5 | 1,161 | ||||||||||||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | - | -330 | -1,198 | - | -1,528 | ||||||||||||||||||||||||||||||||||||||||||||
Acquisitions, net | - | - | -13 | - | -13 | ||||||||||||||||||||||||||||||||||||||||||||
Sale of marketable securities | - | - | 588 | - | 588 | ||||||||||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | - | - | -1 | - | -1 | ||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | - | - | 55 | - | 55 | ||||||||||||||||||||||||||||||||||||||||||||
Other | - | - | -38 | - | -38 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash used in investing activities | - | -330 | -607 | - | -937 | ||||||||||||||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 939 | - | 323 | - | 1,262 | ||||||||||||||||||||||||||||||||||||||||||||
Repayment of debt | -939 | - | -121 | - | -1,060 | ||||||||||||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | 509 | -290 | -216 | -3 | - | ||||||||||||||||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 2 | - | - | - | 2 | ||||||||||||||||||||||||||||||||||||||||||||
Sale of noncontrolling interests | - | - | 32 | - | 32 | ||||||||||||||||||||||||||||||||||||||||||||
Acquisition of noncontrolling interests | - | - | -13 | - | -13 | ||||||||||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | - | - | -5 | 3 | -2 | ||||||||||||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | -509 | - | -5 | 5 | -509 | ||||||||||||||||||||||||||||||||||||||||||||
Other | - | - | -4 | - | -4 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | 2 | -290 | -9 | 5 | -292 | ||||||||||||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | - | - | -18 | - | -18 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | - | -157 | 71 | - | -86 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | - | 342 | 1,219 | - | 1,561 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | - | $ | 185 | $ | 1,290 | $ | - | $ | 1,475 | |||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 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) | $ | 1,136 | $ | 925 | $ | 1,100 | $ | -1,740 | $ | 1,421 | |||||||||||||||||||||||||||||||||||||||
Adjustments | -1,131 | -125 | 681 | 1,735 | 1,160 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | 163 | -410 | -792 | - | -1,039 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | 168 | 390 | 989 | -5 | 1,542 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | - | - | -12 | - | -12 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | 168 | 390 | 977 | -5 | 1,530 | ||||||||||||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | - | -469 | -1,925 | - | -2,394 | ||||||||||||||||||||||||||||||||||||||||||||
Acquisitions, net | - | - | -22 | - | -22 | ||||||||||||||||||||||||||||||||||||||||||||
Sale of marketable securities | - | 209 | - | - | 209 | ||||||||||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | - | -209 | - | - | -209 | ||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | - | - | 13 | - | 13 | ||||||||||||||||||||||||||||||||||||||||||||
Other | - | - | -48 | - | -48 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash used in investing activities | - | -469 | -1,982 | - | -2,451 | ||||||||||||||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 3,345 | - | -2 | - | 3,343 | ||||||||||||||||||||||||||||||||||||||||||||
Repayment of debt | -1,802 | -150 | -4 | - | -1,956 | ||||||||||||||||||||||||||||||||||||||||||||
Payment of conversion premium on debt | -172 | - | - | - | -172 | ||||||||||||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | -1,038 | 475 | 567 | -4 | - | ||||||||||||||||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 20 | - | - | - | 20 | ||||||||||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | - | - | -7 | 4 | -3 | ||||||||||||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | -521 | - | -5 | 5 | -521 | ||||||||||||||||||||||||||||||||||||||||||||
Other | - | -1 | -1 | - | -2 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | -168 | 324 | 548 | 5 | 709 | ||||||||||||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | - | - | 1 | - | 1 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | - | 245 | -456 | - | -211 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | - | 10 | 1,750 | - | 1,760 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | - | $ | 255 | $ | 1,294 | $ | - | $ | 1,549 | |||||||||||||||||||||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | Mining | ||||||||||||||||||||||||||||||||||||||||||||||||
Mining | Newmont | Other | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | Corporation | USA | Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | - | $ | 185 | $ | 1,290 | $ | - | $ | 1,475 | |||||||||||||||||||||||||||||||||||||||
Trade receivables | - | 87 | 128 | - | 215 | ||||||||||||||||||||||||||||||||||||||||||||
Accounts receivable | 18 | 3 | 236 | - | 257 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany receivable | 1,291 | 6,718 | 3,117 | -11,126 | - | ||||||||||||||||||||||||||||||||||||||||||||
Investments | 24 | 1 | 66 | - | 91 | ||||||||||||||||||||||||||||||||||||||||||||
Inventories | - | 156 | 637 | - | 793 | ||||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | - | 389 | 405 | - | 794 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 3 | 145 | 65 | - | 213 | ||||||||||||||||||||||||||||||||||||||||||||
Other current assets | - | 88 | 1,295 | - | 1,383 | ||||||||||||||||||||||||||||||||||||||||||||
Current assets | 1,336 | 7,772 | 7,239 | -11,126 | 5,221 | ||||||||||||||||||||||||||||||||||||||||||||
Property, plant and mine development, net | - | 3,025 | 13,340 | -43 | 16,322 | ||||||||||||||||||||||||||||||||||||||||||||
Investments | - | 7 | 533 | - | 540 | ||||||||||||||||||||||||||||||||||||||||||||
Investments in subsidiaries | 15,313 | 5,051 | 3,051 | -23,415 | - | ||||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | - | 503 | 2,348 | - | 2,851 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 1,162 | 266 | 823 | -1,213 | 1,038 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany receivable | 3,197 | 53 | 350 | -3,600 | - | ||||||||||||||||||||||||||||||||||||||||||||
Other long-term assets | 46 | 187 | 594 | - | 827 | ||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 21,054 | $ | 16,864 | $ | 28,278 | $ | -39,397 | $ | 26,799 | |||||||||||||||||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt | $ | 554 | $ | - | $ | 33 | $ | - | $ | 587 | |||||||||||||||||||||||||||||||||||||||
Accounts payable | - | 69 | 476 | - | 545 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany payable | 3,251 | 5,741 | 2,134 | -11,126 | - | ||||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | - | 150 | 166 | - | 316 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining taxes | - | 22 | 76 | - | 98 | ||||||||||||||||||||||||||||||||||||||||||||
Other current liabilities | 79 | 156 | 1,477 | - | 1,712 | ||||||||||||||||||||||||||||||||||||||||||||
Current liabilities | 3,884 | 6,138 | 4,362 | -11,126 | 3,258 | ||||||||||||||||||||||||||||||||||||||||||||
Debt | 5,550 | 1 | 398 | - | 5,949 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation liabilities | - | 186 | 1,293 | - | 1,479 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax liabilities | - | 35 | 1,936 | -1,213 | 758 | ||||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | 6 | 201 | 177 | - | 384 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany payable | 172 | - | 3,471 | -3,643 | - | ||||||||||||||||||||||||||||||||||||||||||||
Other long-term liabilities | - | 21 | 408 | - | 429 | ||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | 9,612 | 6,582 | 12,045 | -15,982 | 12,257 | ||||||||||||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders’ equity | 11,442 | 10,282 | 11,414 | -21,605 | 11,533 | ||||||||||||||||||||||||||||||||||||||||||||
Noncontrolling interests | - | - | 4,819 | -1,810 | 3,009 | ||||||||||||||||||||||||||||||||||||||||||||
Total equity | 11,442 | 10,282 | 16,233 | -23,415 | 14,542 | ||||||||||||||||||||||||||||||||||||||||||||
Total liabilities and equity | $ | 21,054 | $ | 16,864 | $ | 28,278 | $ | -39,397 | $ | 26,799 | |||||||||||||||||||||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | Mining | ||||||||||||||||||||||||||||||||||||||||||||||||
Mining | Newmont | Other | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | Corporation | USA | Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | - | $ | 342 | $ | 1,219 | $ | - | $ | 1,561 | |||||||||||||||||||||||||||||||||||||||
Trade receivables | - | 57 | 226 | - | 283 | ||||||||||||||||||||||||||||||||||||||||||||
Accounts receivable | 20 | 10 | 547 | - | 577 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany receivable | 2,748 | 6,276 | 4,025 | -13,049 | - | ||||||||||||||||||||||||||||||||||||||||||||
Investments | 58 | 7 | 21 | - | 86 | ||||||||||||||||||||||||||||||||||||||||||||
Inventories | - | 147 | 649 | - | 796 | ||||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | - | 245 | 541 | - | 786 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | - | 109 | 153 | -67 | 195 | ||||||||||||||||||||||||||||||||||||||||||||
Other current assets | - | 48 | 1,613 | - | 1,661 | ||||||||||||||||||||||||||||||||||||||||||||
Current assets | 2,826 | 7,241 | 8,994 | -13,116 | 5,945 | ||||||||||||||||||||||||||||||||||||||||||||
Property, plant and mine development, net | - | 2,869 | 15,178 | -37 | 18,010 | ||||||||||||||||||||||||||||||||||||||||||||
Investments | - | 6 | 1,440 | - | 1,446 | ||||||||||||||||||||||||||||||||||||||||||||
Investments in subsidiaries | 16,599 | 5,504 | 3,115 | -25,218 | - | ||||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | - | 448 | 2,448 | - | 2,896 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 791 | 146 | 685 | -1,141 | 481 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany receivable | 3,907 | 45 | 564 | -4,516 | - | ||||||||||||||||||||||||||||||||||||||||||||
Other long-term assets | 52 | 172 | 648 | - | 872 | ||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 24,175 | $ | 16,431 | $ | 33,072 | $ | -44,028 | $ | 29,650 | |||||||||||||||||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt | $ | - | $ | - | $ | 10 | $ | - | $ | 10 | |||||||||||||||||||||||||||||||||||||||
Accounts payable | - | 97 | 560 | - | 657 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany payable | 3,969 | 5,192 | 3,888 | -13,049 | - | ||||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | - | 149 | 190 | - | 339 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining taxes | - | 16 | 35 | - | 51 | ||||||||||||||||||||||||||||||||||||||||||||
Other current liabilities | 71 | 175 | 1,838 | - | 2,084 | ||||||||||||||||||||||||||||||||||||||||||||
Current liabilities | 4,040 | 5,629 | 6,521 | -13,049 | 3,141 | ||||||||||||||||||||||||||||||||||||||||||||
Debt | 6,069 | 1 | 218 | - | 6,288 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation liabilities | - | 183 | 1,274 | - | 1,457 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax liabilities | - | 24 | 2,040 | -1,206 | 858 | ||||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | 5 | 385 | 196 | - | 586 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany payable | 381 | - | 4,172 | -4,553 | - | ||||||||||||||||||||||||||||||||||||||||||||
Other long-term liabilities | - | 13 | 359 | - | 372 | ||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | 10,495 | 6,235 | 14,780 | -18,808 | 12,702 | ||||||||||||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders’ equity | 13,680 | 10,196 | 13,245 | -23,348 | 13,773 | ||||||||||||||||||||||||||||||||||||||||||||
Noncontrolling interests | - | - | 5,047 | -1,872 | 3,175 | ||||||||||||||||||||||||||||||||||||||||||||
Total equity | 13,680 | 10,196 | 18,292 | -25,220 | 16,948 | ||||||||||||||||||||||||||||||||||||||||||||
Total liabilities and equity | $ | 24,175 | $ | 16,431 | $ | 33,072 | $ | -44,028 | $ | 29,650 | |||||||||||||||||||||||||||||||||||||||
For Three Months Ended September, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont USA | Other Subsidiaries | Eliminations | |||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Income | As Previously Presented | Change | Subsidiary Merger | As Currently Presented | As Previously Presented | Change | Subsidiary Merger | As Currently Presented | As Previously Presented | Change | Subsidiary Merger | As Currently Presented | |||||||||||||||||||||||||||||||||||||
Sales | $ | 1,577 | $ | -955 | $ | 59 | $ | 681 | $ | 903 | $ | 955 | $ | -59 | $ | 1,799 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales | 623 | -391 | 13 | 245 | 465 | 391 | -13 | 843 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Amortization | 174 | -128 | 7 | 53 | 98 | 128 | -7 | 219 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Reclamation and remediation | 12 | -10 | 1 | 3 | 5 | 10 | -1 | 14 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Exploration | 72 | -48 | 7 | 31 | 43 | 48 | -7 | 84 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | 55 | -46 | 2 | 11 | 20 | 45 | -2 | 63 | -1 | 1 | - | - | |||||||||||||||||||||||||||||||||||||
General and administrative | 52 | -12 | - | 40 | -1 | 12 | - | 11 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Other expense, net | 72 | -55 | 2 | 19 | 58 | 56 | -2 | 112 | 1 | -1 | - | - | |||||||||||||||||||||||||||||||||||||
1,060 | -690 | 32 | 402 | 688 | 690 | -32 | l | 1,346 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | 16 | -5 | - | 11 | 37 | 4 | - | 41 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 4 | 6 | - | 10 | - | -6 | - | -6 | -50 | - | - | -50 | |||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | - | - | - | - | -47 | - | - | -47 | 50 | - | - | 50 | |||||||||||||||||||||||||||||||||||||
Interest expense, net | -7 | 4 | - | -3 | 6 | -3 | - | 3 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
13 | 5 | - | 18 | -4 | -5 | - | -9 | - | - | - | - | ||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | 530 | -260 | 27 | 297 | 211 | 260 | -27 | 444 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | -245 | 163 | - | -82 | 9 | -163 | - | -154 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | -6 | 25 | -27 | -8 | 40 | - | - | 40 | -426 | -25 | 27 | -424 | |||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations | 279 | -72 | - | 207 | 260 | 97 | -27 | 330 | -426 | -25 | 27 | -424 | |||||||||||||||||||||||||||||||||||||
Income (loss) from discontinued operations | 2 | -2 | - | - | -35 | 2 | - | -33 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Net income (loss) | 281 | -74 | - | 207 | 225 | 99 | -27 | 297 | -426 | -25 | 27 | -424 | |||||||||||||||||||||||||||||||||||||
Net loss (income) attributable to noncontrolling interests | -74 | 74 | - | - | -29 | -74 | - | -103 | 23 | - | - | 23 | |||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | 207 | $ | - | $ | - | $ | 207 | $ | 196 | $ | 25 | $ | -27 | $ | 194 | $ | -403 | $ | -25 | $ | 27 | $ | -401 | |||||||||||||||||||||||||
Comprehensive income (loss) | $ | 299 | $ | -75 | $ | - | $ | 224 | $ | 497 | $ | 106 | $ | -27 | $ | 576 | $ | -715 | $ | -31 | $ | 27 | $ | -719 | |||||||||||||||||||||||||
Comprehensive loss (income) attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | -75 | 75 | - | - | -29 | -75 | - | -104 | 23 | - | - | 23 | |||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders | $ | 224 | $ | - | $ | - | $ | 224 | $ | 468 | $ | 31 | $ | -27 | $ | 472 | $ | -692 | $ | -31 | $ | 27 | $ | -696 | |||||||||||||||||||||||||
For Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont USA | Other Subsidiaries | Eliminations | |||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Income | As Previously Presented | Change | Subsidiary Merger | As Currently Presented | As Previously Presented | Change | Subsidiary Merger | As Currently Presented | As Previously Presented | Change | Subsidiary Merger | As Currently Presented | |||||||||||||||||||||||||||||||||||||
Sales | $ | 4,577 | $ | -2,906 | $ | 196 | $ | 1,867 | $ | 2,815 | $ | 2,906 | $ | -196 | $ | 5,525 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales | 1,736 | -1,016 | 25 | 745 | 1,371 | 1,016 | -25 | 2,362 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Amortization | 439 | -325 | 20 | 134 | 312 | 325 | -20 | 617 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Reclamation and remediation | 35 | -30 | 3 | 8 | 14 | 30 | -3 | 41 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Exploration | 196 | -134 | 12 | 74 | 113 | 134 | -12 | 235 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | 207 | -178 | 4 | 33 | 51 | 178 | -4 | 225 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
General and administrative | 160 | -55 | - | 105 | 2 | 55 | - | 57 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Other expense, net | 139 | -105 | 2 | 36 | 238 | 105 | -2 | 341 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
2,912 | -1,843 | 66 | 1,135 | 2,101 | 1,843 | -66 | 3,878 | - | - | - | - | ||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | 41 | -18 | - | 23 | 78 | 18 | - | 96 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 7 | 17 | - | 24 | 11 | -17 | - | -6 | -143 | - | - | -143 | |||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | -1 | 1 | - | - | -131 | -1 | - | -132 | 143 | - | - | 143 | |||||||||||||||||||||||||||||||||||||
Interest expense, net | -19 | 13 | - | -6 | 15 | -13 | - | 2 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
28 | 13 | - | 41 | -27 | -13 | - | -40 | - | - | - | - | ||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | 1,693 | -1,050 | 130 | 773 | 687 | 1,050 | -130 | 1,607 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | -474 | 264 | - | -210 | -296 | -264 | - | -560 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | -19 | 511 | -130 | 362 | 157 | - | - | 157 | -1,359 | -511 | 130 | -1,740 | |||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations | 1,200 | -275 | - | 925 | 548 | 786 | -130 | 1,204 | -1,359 | -511 | 130 | -1,740 | |||||||||||||||||||||||||||||||||||||
Income (loss) from discontinued operations | 6 | -6 | - | - | -110 | 6 | - | -104 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Net income (loss) | 1,206 | -281 | - | 925 | 438 | 792 | -130 | 1,100 | -1,359 | -511 | 130 | -1,740 | |||||||||||||||||||||||||||||||||||||
Net loss (income) attributable to noncontrolling interests | -281 | 281 | - | - | -92 | -281 | - | -373 | 88 | - | - | 88 | |||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | 925 | $ | - | $ | - | $ | 925 | $ | 346 | $ | 511 | $ | -130 | $ | 727 | $ | -1,271 | $ | -511 | $ | 130 | $ | -1,652 | |||||||||||||||||||||||||
Comprehensive income (loss) | $ | 1,197 | $ | -282 | $ | - | $ | 915 | $ | 446 | $ | 766 | $ | -130 | $ | 1,082 | $ | -1,357 | $ | -484 | $ | 130 | $ | -1,711 | |||||||||||||||||||||||||
Comprehensive loss (income) attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | -282 | 282 | - | - | -92 | -282 | - | -374 | 88 | - | - | 88 | |||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders | $ | 915 | $ | - | $ | - | $ | 915 | $ | 354 | $ | 484 | $ | -130 | $ | 708 | $ | -1,269 | $ | -484 | $ | 130 | $ | -1,623 | |||||||||||||||||||||||||
At September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining Corporation | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | As Previously Presented | Change | As Revised | As Previously Presented | Change | Subsidiary Merger | As Revised | As Previously Presented | Change | Subsidiary Merger | As Revised | As Previously Presented | Change | Subsidiary Merger | As Revised | ||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 1,136 | $ | - | $ | 1,136 | $ | 1,206 | $ | -281 | $ | - | $ | 925 | $ | 438 | $ | 791 | $ | -129 | $ | 1,100 | $ | -1,359 | $ | -510 | $ | 129 | $ | -1,740 | |||||||||||||||||||
Adjustments | 51 | -1,182 | -1,131 | 530 | -806 | 151 | -125 | -780 | 1,483 | -22 | 681 | 1,359 | 505 | -129 | 1,735 | ||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | 163 | - | 163 | -851 | 499 | -58 | -410 | -351 | -499 | 58 | -792 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | 1,350 | -1,182 | 168 | 885 | -588 | 93 | 390 | -693 | 1,775 | -93 | 989 | - | -5 | - | -5 | ||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | - | - | - | - | - | - | - | -12 | - | - | -12 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | 1,350 | -1,182 | 168 | 885 | -588 | 93 | 390 | -705 | 1,775 | -93 | 977 | - | -5 | - | -5 | ||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | - | - | - | -1,621 | 1,241 | -89 | -469 | -773 | -1,241 | 89 | -1,925 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Acquisitions, net | - | - | - | - | - | - | - | -22 | - | - | -22 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Sale of marketable securities | - | - | - | - | 209 | - | 209 | 209 | -209 | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||
Purchases of marketable securities | - | - | - | - | -209 | - | -209 | -209 | 209 | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | - | - | - | 10 | -10 | - | - | 3 | 10 | - | 13 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Other | - | - | - | -15 | 15 | - | - | -33 | -15 | - | -48 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Net cash used in investing activities | - | - | - | -1,626 | 1,246 | -89 | -469 | -825 | -1,246 | 89 | -1,982 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net borrowings (repayments) | 1,543 | - | 1,543 | -151 | 1 | - | -150 | -5 | -1 | - | -6 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Payment of conversion premium on debt | -172 | - | -172 | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | -2,220 | 1,182 | -1,038 | 633 | -155 | -3 | 475 | 1,587 | -1,023 | 3 | 567 | - | -4 | - | -4 | ||||||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 20 | - | 20 | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | - | - | - | -3 | 3 | - | - | - | -7 | - | -7 | - | 4 | - | 4 | ||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | -521 | - | -521 | - | - | - | - | - | -5 | - | -5 | - | 5 | - | 5 | ||||||||||||||||||||||||||||||||||
Other | - | - | - | - | - | -1 | -1 | -2 | - | 1 | -1 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | -1,350 | 1,182 | -168 | 479 | -151 | -4 | 324 | 1,580 | -1,036 | 4 | 548 | - | 5 | - | 5 | ||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | - | - | - | -2 | 2 | - | - | 3 | -2 | - | 1 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | - | - | - | -264 | 509 | - | 245 | 53 | -509 | - | -456 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | - | - | - | 1,526 | -1,516 | - | 10 | 234 | 1,516 | - | 1,750 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | - | $ | - | $ | - | $ | 1,262 | $ | -1,007 | $ | - | $ | 255 | $ | 287 | $ | 1,007 | $ | - | $ | 1,294 | $ | - | $ | - | $ | - | $ | - |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies Disclosure [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 26 relate to the Corporate and Other reportable segment. The Yanacocha matters relate to the South America reportable segment. The Minera Penmont matters relate to the North America reporting segment. The PTNNT matters relate to the Indonesia 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 September 30, 2013 and December 31, 2012, $1,371 and $1,341, 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 $55 and $62 at September 30, 2013 and December 31, 2012, 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 Company's best estimate of its liability for these matters, $181 and $198 were accrued for such obligations at September 30, 2013 and December 31, 2012, 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 125% greater or 6% lower than the amount accrued at September 30, 2013. 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 | |
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 | |
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. | |
Hope Bay Mining Ltd. - 100% Newmont Owned | |
In July 2011 Environment Canada Enforcement Officers discovered a release of drill water containing calcium chloride on Hope Bay Mining Ltd. (“HBML”) property in Nunavut, Canada. Orbit Garant Drilling Inc. (“Orbit”) operated a diamond drill rig on the HBML property. On February 13, 2013, HBML received service of a summons and charges from a Judge for Nunavut alleging violation of the Fisheries Act relating to the release of drill water and alleged failure to report a discharge. Orbit operated the drill at issue in the summons. Total potential fines and penalties for proven charges of this nature could be up to $1. Newmont cannot reasonably predict the outcome of this matter. | |
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 into 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 were referred to the Civil Court of Cajamarca, which affirmed the decisions of the lower court judge. The plaintiffs have filed appeals of such orders before the Supreme Court. Some of these appeals were dismissed by the Supreme Court in favor of Yanacocha, and others are pending resolution. Yanacocha will continue to vigorously defend its position. Neither the Company nor Yanacocha can reasonably estimate the ultimate loss relating to such claims. | |
Administrative Actions. The Peruvian government agency responsible for environmental evaluation and inspection, Organismo Evaluacion y Fiscalizacion Ambiental (“OEFA”), conducts bi-annual reviews of the Yanacocha site. In 2011, 2012, and 2013, OEFA issued notices of alleged violations of OEFA standards to Yanacocha and Conga relating to past inspections. In April 2013, OEFA issued a finding and penalty with respect to three 2008 allegations in the amount of $0.1. OEFA issued notice of additional alleged violations of OEFA standards in October 2013. Total fines for all outstanding OEFA alleged violations could range from $0.1 to $69. Yanacocha and Conga are responding to all notices of alleged violations, but cannot reasonably predict the outcome of the agency allegations. | |
Minera Penmont- 44% Newmont Owned | |
Newmont owns a 44% interest in the La Herradura joint venture and related gold properties (Herradura, Soledad-Dipolos and Noche Buena), which are located in the Sonora desert. La Herradura is operated by Fresnillo PLC (“Fresnillo”) through Minera Penmont S. de R.L. de C.V. (“Minera Penmont”) and Fresnillo owns the remaining 56% interest. Soledad-Dipolos commenced operations in January 2010. In 2009 five members of the El Bajio agrarian community in the state of Sonora (the “Claimants”), who claim rights over certain surface land in the proximity of the operations of Minera Penmont, lodged a legal claim with the Unitarian Agrarian Court of Hermosillo, Sonora to have Minera Penmont vacate an area of this surface land and associated claims. The land in dispute encompasses a portion of surface area where part of the operations of Dipolos, one of Minera Penmont's three operating mines, is located as well as the processing plant for both the Dipolos mine and the Soledad mine. Minera Penmont's mining concessions are held by way of separate title to that relating to the surface land. In September 2012, the Claimants obtained a ruling on the surface property dispute in their favor by the Mexican Supreme Court and in July 2013, a magistrate ordered Minera Penmont to vacate the property at issue, requiring cessation of production at the Dipolos operations. Minera Penmont has initiated legal proceedings to seek the expropriation of the disputed land in its favor, a process defined under Federal law in Mexico. Claimants also obtained temporary suspension of all of Minera Penmont's explosives permits. Because only Dipolos is subject to the dispute, Minera Penmont projects reinstatement of explosives permits at all other areas. Minera Penmont intends to vigorously contest this matter, but cannot reasonably predict the outcome. | |
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. Following certain disputes and an arbitration with the Indonesian government, in November and December 2009, sale agreements were concluded pursuant to which the 2006, 2007 and 2008 shares were sold to PT Multi Daerah Bersaing (“PTMDB”), the nominee of the local governments, and the 2009 shares were sold 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, subject to 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 July 2012, the Constitutional Court ruled that parliament approval is required for PIP to use state funds to purchase the shares, which approval has not yet been obtained. Further disputes may arise in regard to the divestiture of the 2010 shares. | |
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 appealed the verdict. On October 2, 2012, the High Administrative Law Court rejected WALHI's appeal, after which WALHI filed a notice to appeal the case to the Supreme Court. On May 28, 2013, the Supreme Court of Indonesia updated its website to provide that WALHI's appeal in this matter was rejected. The parties are still awaiting the written decision from the court. PTNNT will continue to defend its submarine tailings permit and is confident that the Ministry of Environment acted properly in renewing PTNNT's permit. | |
NWG Investments Inc. v. Fronteer Gold Inc. | |
In April 2011, Newmont acquired Fronteer Gold Inc. (“Fronteer”). | |
Fronteer acquired NewWest Gold Corporation (“NewWest Gold”) in September 2007. At the time of that acquisition, NWG Investments Inc. (“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. | |
On September 24, 2012, NWG served a summons and complaint on NMC, and then amended the complaint to add Newmont Canada Holdings ULC as a defendant. The complaint also names Fronteer Gold Inc and Mark O'Dea as defendants. The complaint seeks rescission of the merger between Fronteer and NewWest Gold and $750 in damages. In August 2013 the Supreme Court of New York, New York County issued an order granting the defendants' motion to dismiss on forum non conveniens. Subsequently, NWG filed an appeal of the decision. | |
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 8). | |
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 $45 in 2013, $31 in 2014 through 2017 and $363 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 September 30, 2013 and December 31, 2012, there were $1,807 and $1,755, 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. | |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Summary of Significant Accounting Policies [Abstract] | ' |
Recently Adopted Accounting Pronouncements | ' |
Recently Adopted Accounting Pronouncements | |
Recently Adopted Accounting Pronouncements | |
Reporting of Amounts reclassified out of Accumulated Other Comprehensive Income | |
In February 2013, ASC guidance was issued related to items reclassified from Accumulated Other Comprehensive Income(Loss). The new standard requires either in a single note or parenthetically on the face of the financial statements: (i) the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and (ii) the income statement line items affected by the reclassification. Adoption of the new guidance, effective for the fiscal year beginning January 1, 2013, had no impact on the consolidated financial position, results of operations or cash flows. | |
Disclosures about Offsetting Assets and Liabilities | |
In November 2011, ASC guidance was issued related to disclosures about offsetting assets and liabilities. The new standard requires disclosures to allow investors to better compare financial statements prepared under U.S. GAAP with financial statements prepared under IFRS. In January 2013, an update was issued to further clarify that the disclosure requirements are limited to derivatives, repurchase agreements, and securities lending transactions to the extent that they are (i) offset in the financial statements or (ii) subject to an enforceable master netting arrangement or similar agreement. Adoption of the new guidance, effective for the fiscal year beginning January 1, 2013, had no impact on the consolidated financial position, results of operations or cash flows. | |
Recently Issued Accounting Pronouncements | ' |
Recently Issued Accounting Pronouncements | |
Presentation of an Unrecognized Tax Benefit | |
In July 2013, ASC guidance was issued related to the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. The updated guidance requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carryforward, a similar tax loss, or tax credit carryforwards. A gross presentation will be required only if such carryforwards are not available or would not be used by the entity to settle any additional income taxes resulting from disallowance of the uncertain tax position. The update is effective prospectively for the Company's fiscal year beginning January 1, 2014. The Company is still evaluating the impact of the updated guidance on the consolidated financial position, results of operations or cash flows. | |
Foreign Currency Matters | |
In March 2013, ASC guidance was issued related to Foreign Currency Matters to clarify the treatment of cumulative translation adjustments when a parent sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity. The updated guidance also resolves the diversity in practice for the treatment of business combinations achieved in stages in a foreign entity. The update is effective prospectively for the Company's fiscal year beginning January 1, 2014. The Company does not expect the updated guidance to have an impact on the consolidated financial position, results of operations or cash flows. |
Segment_Information_Tables
Segment Information (Tables) | 9 Months Ended | ||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||
Segment Information [Abstract] | ' | ||||||||||||||||||||||
Financial Information of Newmont's Segments | ' | ||||||||||||||||||||||
Costs | Advanced | ||||||||||||||||||||||
Applicable to | Projects and | Pre-Tax | |||||||||||||||||||||
Sales | Sales | Amortization | Exploration | Income (Loss) | |||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||
Nevada | $ | 618 | $ | 251 | $ | 59 | $ | 25 | $ | 272 | |||||||||||||
La Herradura | 70 | 40 | 9 | 10 | 12 | ||||||||||||||||||
Other North America | - | - | - | 1 | -3 | ||||||||||||||||||
North America | 688 | 291 | 68 | 36 | 281 | ||||||||||||||||||
Yanacocha | 346 | 154 | 87 | 9 | 55 | ||||||||||||||||||
Conga | - | - | - | 15 | -17 | ||||||||||||||||||
Other South America | - | - | - | 4 | -4 | ||||||||||||||||||
South America | 346 | 154 | 87 | 28 | 34 | ||||||||||||||||||
Boddington: | |||||||||||||||||||||||
Gold | 204 | 152 | 28 | ||||||||||||||||||||
Copper | 42 | 29 | 5 | ||||||||||||||||||||
Total | 246 | 181 | 33 | 1 | 20 | ||||||||||||||||||
Other Australia/New Zealand | 357 | 202 | 60 | 7 | 93 | ||||||||||||||||||
Australia/New Zealand | 603 | 383 | 93 | 8 | 113 | ||||||||||||||||||
Batu Hijau: | |||||||||||||||||||||||
Gold | 16 | 11 | 3 | ||||||||||||||||||||
Copper | 136 | 122 | 24 | ||||||||||||||||||||
Total | 152 | 133 | 27 | 2 | -13 | ||||||||||||||||||
Other Indonesia | - | - | - | - | - | ||||||||||||||||||
Indonesia | 152 | 133 | 27 | 2 | -13 | ||||||||||||||||||
Ahafo | 194 | 75 | 19 | 12 | 80 | ||||||||||||||||||
Akyem | - | - | - | 2 | -3 | ||||||||||||||||||
Other Africa | - | - | - | 3 | -20 | ||||||||||||||||||
Africa | 194 | 75 | 19 | 17 | 57 | ||||||||||||||||||
Corporate and Other | - | - | 5 | 36 | 108 | ||||||||||||||||||
Consolidated | $ | 1,983 | $ | 1,036 | $ | 299 | $ | 127 | $ | 580 | |||||||||||||
Costs | Advanced | ||||||||||||||||||||||
Applicable to | Projects and | Pre-Tax | |||||||||||||||||||||
Sales | Sales | Amortization | Exploration | Income (Loss) | |||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||
Nevada | $ | 734 | $ | 292 | $ | 61 | $ | 47 | $ | 330 | |||||||||||||
La Herradura | 88 | 31 | 5 | 11 | 39 | ||||||||||||||||||
Other North America | - | - | - | 1 | -2 | ||||||||||||||||||
North America | 822 | 323 | 66 | 59 | 367 | ||||||||||||||||||
Yanacocha | 585 | 185 | 83 | 14 | 254 | ||||||||||||||||||
Conga | - | - | - | 9 | -12 | ||||||||||||||||||
Other South America | - | - | - | 15 | -10 | ||||||||||||||||||
South America | 585 | 185 | 83 | 38 | 232 | ||||||||||||||||||
Boddington: | |||||||||||||||||||||||
Gold | 281 | 155 | 37 | ||||||||||||||||||||
Copper | 60 | 39 | 7 | ||||||||||||||||||||
Total | 341 | 194 | 44 | 2 | 98 | ||||||||||||||||||
Other Australia/New Zealand | 358 | 201 | 34 | 23 | 83 | ||||||||||||||||||
Australia/New Zealand | 699 | 395 | 78 | 25 | 181 | ||||||||||||||||||
Batu Hijau: | |||||||||||||||||||||||
Gold | 24 | 17 | 2 | ||||||||||||||||||||
Copper | 146 | 99 | 21 | ||||||||||||||||||||
Total | 170 | 116 | 23 | 8 | 10 | ||||||||||||||||||
Other Indonesia | - | - | - | - | -1 | ||||||||||||||||||
Indonesia | 170 | 116 | 23 | 8 | 9 | ||||||||||||||||||
Ahafo | 204 | 69 | 18 | 20 | 98 | ||||||||||||||||||
Akyem | - | - | - | 6 | -6 | ||||||||||||||||||
Other Africa | - | - | - | 3 | -4 | ||||||||||||||||||
Africa | 204 | 69 | 18 | 29 | 88 | ||||||||||||||||||
Corporate and Other | - | - | 4 | 30 | -160 | ||||||||||||||||||
Consolidated | $ | 2,480 | $ | 1,088 | $ | 272 | $ | 189 | $ | 717 | |||||||||||||
Costs | Advanced | Pre-Tax | |||||||||||||||||||||
Sales | Applicable to Sales | Amortization | Projects and Exploration | Income (Loss) | Total Assets | Capital Expenditures(1) | |||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||
Nevada | $ | 1,746 | $ | 799 | $ | 178 | $ | 78 | $ | 662 | $ | 7,954 | $ | 360 | |||||||||
La Herradura | 231 | 122 | 22 | 31 | 57 | 453 | 82 | ||||||||||||||||
Other North America | - | - | - | 2 | -8 | 68 | 1 | ||||||||||||||||
North America | 1,977 | 921 | 200 | 111 | 711 | 8,475 | 443 | ||||||||||||||||
Yanacocha | 1,221 | 509 | 254 | 32 | 337 | 2,958 | 136 | ||||||||||||||||
Conga | - | - | - | 16 | -17 | 1,714 | 184 | ||||||||||||||||
Other South America | - | - | - | 14 | -16 | 150 | 65 | ||||||||||||||||
South America | 1,221 | 509 | 254 | 62 | 304 | 4,822 | 385 | ||||||||||||||||
Boddington: | |||||||||||||||||||||||
Gold | 782 | 578 | 129 | ||||||||||||||||||||
Copper | 156 | 139 | 29 | ||||||||||||||||||||
Total | 938 | 717 | 158 | 1 | -2,027 | 2,265 | 81 | ||||||||||||||||
Other Australia/New Zealand | 1,081 | 697 | 164 | 31 | 11 | 1,788 | 123 | ||||||||||||||||
Australia/New Zealand | 2,019 | 1,414 | 322 | 32 | -2,016 | 4,053 | 204 | ||||||||||||||||
Batu Hijau: | |||||||||||||||||||||||
Gold | 42 | 81 | 18 | ||||||||||||||||||||
Copper | 305 | 582 | 114 | ||||||||||||||||||||
Total | 347 | 663 | 132 | 13 | -494 | 3,423 | 82 | ||||||||||||||||
Other Indonesia | - | - | - | - | 2 | 3 | - | ||||||||||||||||
Indonesia | 347 | 663 | 132 | 13 | -492 | 3,426 | 82 | ||||||||||||||||
Ahafo | 589 | 226 | 56 | 36 | 255 | 1,615 | 139 | ||||||||||||||||
Akyem | - | - | - | 7 | -10 | 1,239 | 209 | ||||||||||||||||
Other Africa | - | - | - | 11 | -31 | 4 | - | ||||||||||||||||
Africa | 589 | 226 | 56 | 54 | 214 | 2,858 | 348 | ||||||||||||||||
Corporate and Other | - | - | 17 | 88 | -226 | 3,165 | 7 | ||||||||||||||||
Consolidated | $ | 6,153 | $ | 3,733 | $ | 981 | $ | 360 | $ | -1,505 | $ | 26,799 | $ | 1,469 | |||||||||
(1) | Includes a decrease in accrued capital expenditures of $59; consolidated capital expenditures on a cash basis were $1,528. | ||||||||||||||||||||||
Costs | Advanced | Pre-Tax | |||||||||||||||||||||
Sales | Applicable to Sales | Amortization | Projects and Exploration | Income (Loss) | Total Assets | Capital Expenditures(1) | |||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||
Nevada | $ | 2,028 | $ | 817 | $ | 161 | $ | 124 | $ | 916 | $ | 7,420 | $ | 489 | |||||||||
La Herradura | 274 | 96 | 16 | 28 | 130 | 388 | 50 | ||||||||||||||||
Other North America | - | - | - | 2 | -6 | 96 | 31 | ||||||||||||||||
North America | 2,302 | 913 | 177 | 154 | 1,040 | 7,904 | 570 | ||||||||||||||||
Yanacocha | 1,793 | 523 | 195 | 49 | 936 | 2,812 | 392 | ||||||||||||||||
Conga | - | - | - | 48 | -51 | 1,617 | 467 | ||||||||||||||||
Other South America | - | - | - | 59 | -54 | 82 | 54 | ||||||||||||||||
South America | 1,793 | 523 | 195 | 156 | 831 | 4,511 | 913 | ||||||||||||||||
Boddington: | |||||||||||||||||||||||
Gold | 843 | 449 | 118 | ||||||||||||||||||||
Copper | 163 | 107 | 25 | ||||||||||||||||||||
Total | 1,006 | 556 | 143 | 7 | 278 | 4,678 | 77 | ||||||||||||||||
Other Australia/New Zealand | 1,116 | 573 | 106 | 66 | 356 | 2,212 | 226 | ||||||||||||||||
Australia/New Zealand | 2,122 | 1,129 | 249 | 73 | 634 | 6,890 | 303 | ||||||||||||||||
Batu Hijau: | |||||||||||||||||||||||
Gold | 76 | 47 | 8 | ||||||||||||||||||||
Copper | 406 | 254 | 51 | ||||||||||||||||||||
Total | 482 | 301 | 59 | 22 | 42 | 3,662 | 98 | ||||||||||||||||
Other Indonesia | - | - | - | - | 2 | 5 | - | ||||||||||||||||
Indonesia | 482 | 301 | 59 | 22 | 44 | 3,667 | 98 | ||||||||||||||||
Ahafo | 693 | 241 | 58 | 42 | 348 | 1,362 | 176 | ||||||||||||||||
Akyem | - | - | - | 15 | -16 | 876 | 305 | ||||||||||||||||
Other Africa | - | - | - | 8 | -8 | 6 | - | ||||||||||||||||
Africa | 693 | 241 | 58 | 65 | 324 | 2,244 | 481 | ||||||||||||||||
Corporate and Other | - | - | 13 | 97 | -563 | 4,307 | 22 | ||||||||||||||||
Consolidated | $ | 7,392 | $ | 3,107 | $ | 751 | $ | 567 | $ | 2,310 | $ | 29,523 | $ | 2,387 | |||||||||
(1) | Includes a decrease in accrued capital expenditures of $7; consolidated capital expenditures on a cash basis were $2,394. |
Reclamation_and_Remediation_Ta
Reclamation and Remediation (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Reclamation and Remediation [Abstract] | ' | ||||||||||||||
Reclamation and Remediation Expenses | ' | ||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||
Reclamation | $ | 3 | $ | - | $ | 3 | $ | - | |||||||
Accretion - operating | 15 | 14 | 45 | 41 | |||||||||||
Accretion - non-operating | 2 | 3 | 8 | 8 | |||||||||||
$ | 20 | $ | 17 | $ | 56 | $ | 49 | ||||||||
Reconciliation of Reclamation and Remediation Liabilities | ' | ||||||||||||||
Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | ||||||||||||||
Balance at beginning of period | $ | 1,539 | $ | 1,240 | |||||||||||
Additions, changes in estimates and other | 1 | 106 | |||||||||||||
Liabilities settled | -41 | -57 | |||||||||||||
Accretion expense | 53 | 49 | |||||||||||||
Balance at end of period | $ | 1,552 | $ | 1,338 |
Writedowns_Tables
Write-downs (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Asset Impairment Charges [Abstract] | ' | |||||||||||||||
Write-downs | ' | |||||||||||||||
NOTE 5 WRITE-DOWNS | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Property, plant and mine development | ||||||||||||||||
Yanacocha | $ | 2 | $ | - | $ | 3 | $ | - | ||||||||
Boddington | - | - | 2,107 | - | ||||||||||||
Other Australia/New Zealand | 1 | - | 67 | - | ||||||||||||
Batu Hijau | - | - | 1 | - | ||||||||||||
3 | - | 2,178 | - | |||||||||||||
Other long-term assets | ||||||||||||||||
Boddington | - | - | 31 | - | ||||||||||||
Other Australia/New Zealand | - | - | 56 | - | ||||||||||||
- | - | 87 | - | |||||||||||||
$ | 3 | $ | - | $ | 2,265 | $ | - |
Other_Expense_Net_Tables
Other Expense, Net (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Other Expense Net [Abstract] | ' | ||||||||||||||
Other Expense, Net | ' | ||||||||||||||
NOTE 6 OTHER EXPENSE, NET | |||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||
Transaction costs | $ | - | $ | - | $ | 45 | $ | 12 | |||||||
Regional administration | 12 | 22 | 48 | 72 | |||||||||||
Restructuring and other | 20 | 48 | 50 | 48 | |||||||||||
Community development | 42 | 18 | 72 | 69 | |||||||||||
Western Australia power plant | 3 | 5 | 14 | 13 | |||||||||||
Hope Bay care and maintenance | - | 27 | -2 | 129 | |||||||||||
Other | 7 | 11 | 33 | 34 | |||||||||||
$ | 84 | $ | 131 | $ | 260 | $ | 377 |
Other_Income_Net_Tables
Other Income, Net (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Other Income, Net [Abstract] | ' | |||||||||||||||
Other Income, Net | ' | |||||||||||||||
NOTE 7 OTHER INCOME, NET | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Gain on sale of investments, net | $ | 280 | $ | - | $ | 280 | $ | - | ||||||||
Foreign currency exchange, net | 19 | -1 | 56 | -4 | ||||||||||||
Refinery income, net | 20 | 20 | 27 | 27 | ||||||||||||
Canadian Oil Sands | - | 11 | 21 | 31 | ||||||||||||
Interest | 4 | 2 | 10 | 9 | ||||||||||||
Development projects, net | 1 | 16 | 9 | 49 | ||||||||||||
Gain on asset sales, net | 1 | 2 | 2 | 12 | ||||||||||||
Reduction of allowance for loan receivable | - | - | - | 21 | ||||||||||||
Impairment of marketable securities | -41 | -7 | -52 | -39 | ||||||||||||
Other | 6 | 9 | 13 | 15 | ||||||||||||
$ | 290 | $ | 52 | $ | 366 | $ | 121 |
Income_and_Mining_Taxes_Tables
Income and Mining Taxes (Tables) | 9 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||
Income and Mining Taxes [Abstract] | ' | |||||||||||||||||||||||||
Income and Mining Tax Expense Reconciliation | ' | |||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||
Income (loss) before income and mining | ||||||||||||||||||||||||||
tax and other items | $ | 580 | $ | 717 | $ | -1,505 | $ | 2,310 | ||||||||||||||||||
Tax at statutory rate | 35 | % | $ | 203 | 35 | % | $ | 251 | 35 | % | $ | -527 | 35 | % | $ | 809 | ||||||||||
Reconciling items: | ||||||||||||||||||||||||||
Percentage depletion | -1 | % | -6 | -7 | % | -53 | 7 | % | -99 | -7 | % | -161 | ||||||||||||||
Change in valuation allowance on | ||||||||||||||||||||||||||
deferred tax assets | 1 | % | 7 | 3 | % | 19 | -47 | % | 698 | 3 | % | 65 | ||||||||||||||
Tax planning on sale of Canadian Oil Sands | ||||||||||||||||||||||||||
and Canadian capital gains tax rate | -11 | % | -61 | 4 | % | -61 | ||||||||||||||||||||
Other | 2 | % | 11 | 1 | % | 11 | 0 | % | -1 | 1 | % | 33 | ||||||||||||||
Income and mining tax expense (benefit) | 26 | % | $ | 154 | 32 | % | $ | 228 | -1 | % | $ | 10 | 32 | % | $ | 746 |
Net_Income_Attributable_to_Non1
Net Income Attributable to Noncontrolling Interests (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Net Income Attributable to Noncontrolling Interests [Abstract] | ' | ||||||||||||||
Net Income (Loss) Attributable to Noncontrolling Interests | ' | ||||||||||||||
NOTE 10 NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS | |||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||
Minera Yanacocha | $ | 6 | $ | 73 | $ | 89 | $ | 268 | |||||||
TMAC | -3 | - | -17 | - | |||||||||||
Batu Hijau | -10 | 3 | -251 | 11 | |||||||||||
Other | 5 | 4 | 7 | 6 | |||||||||||
$ | -2 | $ | 80 | $ | -172 | $ | 285 |
Income_Per_Common_Share_Tables
Income Per Common Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Income Per Common Share [Abstract] | ' | ||||||||||||||||
Income Per Common Share | ' | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Net income (loss) attributable to Newmont | |||||||||||||||||
stockholders | |||||||||||||||||
Continuing operations | $ | 429 | $ | 400 | $ | -1,349 | $ | 1,240 | |||||||||
Discontinued operations | -21 | -33 | 53 | -104 | |||||||||||||
$ | 408 | $ | 367 | $ | -1,296 | $ | 1,136 | ||||||||||
Weighted average common shares (millions): | |||||||||||||||||
Basic | 498 | 496 | 497 | 496 | |||||||||||||
Effect of employee stock-based awards | - | 1 | - | 1 | |||||||||||||
Effect of convertible notes | - | 2 | - | 3 | |||||||||||||
Diluted | 498 | 499 | 497 | 500 | |||||||||||||
Income (loss) per common share | |||||||||||||||||
Basic: | |||||||||||||||||
Continuing operations | $ | 0.86 | $ | 0.81 | $ | -2.72 | $ | 2.5 | |||||||||
Discontinued operations | -0.04 | -0.07 | 0.11 | -0.21 | |||||||||||||
$ | 0.82 | $ | 0.74 | $ | -2.61 | $ | 2.29 | ||||||||||
Diluted: | |||||||||||||||||
Continuing operations | $ | 0.86 | $ | 0.81 | $ | -2.72 | $ | 2.48 | |||||||||
Discontinued operations | -0.04 | -0.07 | 0.11 | -0.21 | |||||||||||||
$ | 0.82 | $ | 0.74 | $ | -2.61 | $ | 2.27 |
Employee_Pension_and_Other_Ben1
Employee Pension and Other Benefit Plans (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Employee Pension and Other Benefit Plans [Abstract] | ' | |||||||||||||||
Employee Pension and Other Benefit Plans | ' | |||||||||||||||
NOTE 12 EMPLOYEE PENSION AND OTHER BENEFIT PLANS | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Pension benefit costs, net | ||||||||||||||||
Service cost | $ | 9 | $ | 7 | $ | 27 | $ | 22 | ||||||||
Interest cost | 11 | 10 | 31 | 31 | ||||||||||||
Expected return on plan assets | -12 | -11 | -37 | -33 | ||||||||||||
Amortization, net | 8 | 6 | 26 | 20 | ||||||||||||
Settlements | 5 | - | 5 | - | ||||||||||||
$ | 21 | $ | 12 | $ | 52 | $ | 40 | |||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Other benefit costs, net | ||||||||||||||||
Service cost | $ | 1 | $ | 1 | $ | 3 | $ | 2 | ||||||||
Interest cost | 1 | 1 | 4 | 4 | ||||||||||||
$ | 2 | $ | 2 | $ | 7 | $ | 6 |
Stock_Based_Compensation_Table
Stock Based Compensation (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Stock Based Compensation [Abstract] | ' | ||||||||||||||
Stock Option and Other Stock Based Compensation | ' | ||||||||||||||
NOTE 13 STOCK BASED COMPENSATION | |||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||
Stock options | $ | 2 | $ | 4 | $ | 7 | $ | 11 | |||||||
Restricted stock units | 8 | 8 | 24 | 19 | |||||||||||
Performance leveraged stock units | 2 | 2 | 6 | 8 | |||||||||||
Strategic stock units | 3 | 1 | 6 | 2 | |||||||||||
$ | 15 | $ | 15 | $ | 43 | $ | 40 |
Fair_Value_Accounting_Tables
Fair Value Accounting (Tables) | 9 Months Ended | |||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||
Fair Value Accounting [Abstract] | ' | |||||||||||||||||||||
Fair Value Measurement of Assets and Liabilities | ' | |||||||||||||||||||||
Fair Value at September 30, 2013 | ||||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||||
Assets: | ||||||||||||||||||||||
Cash equivalents | $ | 113 | $ | 113 | $ | - | $ | - | ||||||||||||||
Marketable equity securities: | ||||||||||||||||||||||
Extractive industries | 479 | 479 | - | - | ||||||||||||||||||
Other | 4 | 4 | - | - | ||||||||||||||||||
Marketable debt securities: | ||||||||||||||||||||||
Asset backed commercial paper | 22 | - | - | 22 | ||||||||||||||||||
Corporate | 12 | - | 12 | - | ||||||||||||||||||
Auction rate securities | 4 | - | - | 4 | ||||||||||||||||||
Trade receivable from provisional copper | ||||||||||||||||||||||
and gold concentrate sales, net | 122 | 122 | - | - | ||||||||||||||||||
$ | 756 | $ | 718 | $ | 12 | $ | 26 | |||||||||||||||
Liabilities: | ||||||||||||||||||||||
Derivative instruments, net: | ||||||||||||||||||||||
Foreign exchange forward contracts | $ | 80 | $ | - | $ | 80 | $ | - | ||||||||||||||
Diesel forward contracts | 1 | - | 1 | - | ||||||||||||||||||
Boddington contingent consideration | 28 | - | - | 28 | ||||||||||||||||||
Holt property royalty | 149 | - | - | 149 | ||||||||||||||||||
$ | 258 | $ | - | $ | 81 | $ | 177 | |||||||||||||||
Fair Value Inputs Assets Liabilities Quantitative Information [Table Text Block] | ' | |||||||||||||||||||||
Description | At September 30, 2013 | Valuation technique | Unobservable input | Range/Weighted average | ||||||||||||||||||
Auction Rate Securities | $ | 4 | Discounted cash flow | Weighted average recoverability rate | 58 | % | ||||||||||||||||
Asset Backed Commercial Paper | 22 | Discounted cash flow | Recoverability rate | 72-88 | % | |||||||||||||||||
Boddington Contingent Consideration | 28 | Monte Carlo | Discount rate | 5 | % | |||||||||||||||||
Long Term Gold price | $ | 1,400 | ||||||||||||||||||||
Long Term Copper price | $ | 3 | ||||||||||||||||||||
Holt property royalty | 149 | Monte Carlo | Weighted average discount rate | 5 | % | |||||||||||||||||
Long Term Gold price | $ | 1,400 | ||||||||||||||||||||
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 | $ | 41 | $ | 240 | $ | 281 | ||||||||||
Unrealized loss | -1 | - | -1 | - | - | - | ||||||||||||||||
Settlements | - | - | - | -13 | -15 | -28 | ||||||||||||||||
Revaluation | - | 3 | 3 | - | -76 | -76 | ||||||||||||||||
Balance at end of period | $ | 4 | $ | 22 | $ | 26 | $ | 28 | $ | 149 | $ | 177 | ||||||||||
Fair Value Inputs Assets Nonrecurring Quantitative Information [Table Text Block] | ' | |||||||||||||||||||||
Description | Valuation technique | Unobservable input | Range/Weighted average | |||||||||||||||||||
Property, plant and mine development, net | Discounted cash flow | Discount rate | 4.25 | % | ||||||||||||||||||
Long Term Gold price | $ | 1,400 | ||||||||||||||||||||
Long Term Copper price | $ | 3 | ||||||||||||||||||||
Long Term Exchange rate A$/US$ | 0.935 | |||||||||||||||||||||
Goodwill and Intangible assets | Discounted cash flow | Discount rate | 3.75-4.25 | % | ||||||||||||||||||
Long Term Gold price | $ | 1,400 | ||||||||||||||||||||
Long Term Copper price | $ | 3 | ||||||||||||||||||||
Long Term Exchange rate A$/US$ | 0.935 |
Derivative_Instruments_Tables
Derivative Instruments (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Derivative Instruments [Abstract] | ' | ||||||||||||||||||||||||
Foreign Currency Derivative Contracts Outstanding | ' | ||||||||||||||||||||||||
Expected Maturity Date | |||||||||||||||||||||||||
Total/ | |||||||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | Average | |||||||||||||||||||
A$ Operating Fixed Forward Contracts: | |||||||||||||||||||||||||
A$ notional (millions) | 323 | 1,118 | 848 | 564 | 273 | 44 | 3,170 | ||||||||||||||||||
Average rate ($/A$) | 0.95 | 0.93 | 0.92 | 0.92 | 0.91 | 0.89 | 0.93 | ||||||||||||||||||
Expected hedge ratio | 87 | % | 71 | % | 55 | % | 37 | % | 18 | % | 7 | % | |||||||||||||
NZ$ Operating Fixed Forward Contracts: | |||||||||||||||||||||||||
NZ$ notional (millions) | 22 | 59 | 14 | - | - | - | 95 | ||||||||||||||||||
Average rate ($/NZ$) | 0.8 | 0.8 | 0.77 | - | - | - | 0.8 | ||||||||||||||||||
Expected hedge ratio | 73 | % | 54 | % | 16 | % | - | - | - | ||||||||||||||||
Diesel Derivative Contracts Outstanding | ' | ||||||||||||||||||||||||
Expected Maturity Date | |||||||||||||||||||||||||
Total/ | |||||||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | Average | |||||||||||||||||||||
Diesel Fixed Forward Contracts: | |||||||||||||||||||||||||
Diesel gallons (millions) | 7 | 24 | 13 | 3 | 47 | ||||||||||||||||||||
Average rate ($/gallon) | 2.9 | 2.87 | 2.77 | 2.69 | 2.84 | ||||||||||||||||||||
Expected hedge ratio | 70 | % | 62 | % | 33 | % | 10 | % | |||||||||||||||||
Fair Values of Derivative Instruments Designated as Hedges | ' | ||||||||||||||||||||||||
Fair Value | |||||||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||
Other Current Assets | Other Long-Term Assets | Other Current Liabilities | Other Long-Term Liabilities | ||||||||||||||||||||||
Foreign currency exchange contracts: | |||||||||||||||||||||||||
A$ operating fixed forwards | $ | 26 | $ | 18 | $ | 42 | $ | 84 | |||||||||||||||||
NZ$ operating fixed forwards | 2 | - | - | - | |||||||||||||||||||||
Diesel fixed forwards | 1 | - | 1 | 1 | |||||||||||||||||||||
Total derivative instruments (Notes 19 and 21) | $ | 29 | $ | 18 | $ | 43 | $ | 85 | |||||||||||||||||
Fair Value | |||||||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Other Current Assets | Other Long-Term Assets | Other Current Liabilities | Other Long-Term Liabilities | ||||||||||||||||||||||
Foreign currency exchange contracts: | |||||||||||||||||||||||||
A$ operating fixed forwards | $ | 108 | 143 | - | 1 | ||||||||||||||||||||
NZ$ operating fixed forwards | 2 | - | - | - | |||||||||||||||||||||
Diesel fixed forwards | 2 | 1 | 1 | 1 | |||||||||||||||||||||
Total derivative instruments (Notes 19 and 21) | $ | 112 | $ | 144 | $ | 1 | $ | 2 | |||||||||||||||||
Location and Amount of Gains (Losses) Reported in Condensed Consolidated Financial Statements | ' | ||||||||||||||||||||||||
Foreign Currency | Diesel Forward | Forward Starting | |||||||||||||||||||||||
Exchange Contracts | Contracts | Swap Contracts | |||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
For the three months ended September 30, | |||||||||||||||||||||||||
Cash flow hedging relationships: | |||||||||||||||||||||||||
Gain recognized in other comprehensive income (loss) (effective portion) | $ | 77 | $ | 70 | $ | 3 | $ | 14 | $ | - | $ | - | |||||||||||||
Gain (loss) reclassified from Accumulated other comprehensive income into income (loss) (effective portion) (1) | 8 | 40 | 1 | 2 | -5 | -3 | |||||||||||||||||||
For the nine months ended September 30, | |||||||||||||||||||||||||
Cash flow hedging relationships: | |||||||||||||||||||||||||
Gain (loss) recognized in other comprehensive income (loss) (effective portion) | $ | -291 | $ | 156 | $ | -1 | $ | 10 | $ | - | $ | 36 | |||||||||||||
Gain (loss) reclassified from Accumulated other comprehensive income into income (loss) (effective portion) (1) | 68 | 125 | 1 | 6 | -14 | -7 | |||||||||||||||||||
Gain reclassified from Accumulated other comprehensive income into income (loss) (ineffective portion) (2) | - | - | 0 | - | - | 2 | |||||||||||||||||||
Gains (Losses) Recorded for Hedged Item Related to Fair Value Hedges | ' | ||||||||||||||||||||||||
(1) The gain (loss) recognized for the effective portion of cash flow hedges is included in Cost Applicable to Sales, Write-downs and Interest expense, net. | |||||||||||||||||||||||||
(2) The ineffective portion recognized for cash flow hedges is included in Other income, net. | |||||||||||||||||||||||||
Investments_Tables
Investments (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||
Investment in Marketable Securities | ' | |||||||||||||||||
At September 30, 2013 | ||||||||||||||||||
Cost/Equity | Unrealized | Fair/Equity | ||||||||||||||||
Basis | Gain | Loss | Basis | |||||||||||||||
Current: | ||||||||||||||||||
Marketable Equity Securities: | ||||||||||||||||||
Gabriel Resources Ltd. | 75 | - | -33 | 42 | ||||||||||||||
Paladin Energy Ltd. | 24 | - | - | 24 | ||||||||||||||
Other | 25 | 4 | -4 | 25 | ||||||||||||||
$ | 124 | $ | 4 | $ | -37 | $ | 91 | |||||||||||
Long-term: | ||||||||||||||||||
Marketable Debt Securities: | ||||||||||||||||||
Asset backed commercial paper | $ | 23 | $ | - | $ | -1 | $ | 22 | ||||||||||
Auction rate securities | 7 | - | -3 | 4 | ||||||||||||||
Corporate | 13 | - | -1 | 12 | ||||||||||||||
43 | - | -5 | 38 | |||||||||||||||
Marketable Equity Securities: | ||||||||||||||||||
Regis Resources Ltd. | 166 | 198 | - | 364 | ||||||||||||||
Other | 30 | 2 | -4 | 28 | ||||||||||||||
196 | 200 | -4 | 392 | |||||||||||||||
Other investments, at cost | 13 | - | - | 13 | ||||||||||||||
Investment in Affiliates: | ||||||||||||||||||
Minera La Zanja S.R.L. | 81 | - | - | 81 | ||||||||||||||
Novo Resources Corp. | 16 | - | - | 16 | ||||||||||||||
$ | 349 | $ | 200 | $ | -9 | $ | 540 | |||||||||||
At December 31, 2012 | ||||||||||||||||||
Cost/Equity | Unrealized | Fair/Equity | ||||||||||||||||
Basis | Gain | Loss | Basis | |||||||||||||||
Current: | ||||||||||||||||||
Marketable Equity Securities: | ||||||||||||||||||
Paladin Energy Ltd. | $ | 60 | $ | - | $ | -3 | $ | 57 | ||||||||||
Other | 17 | 14 | -2 | 29 | ||||||||||||||
$ | 77 | $ | 14 | $ | -5 | $ | 86 | |||||||||||
Long-term: | ||||||||||||||||||
Marketable Debt Securities: | ||||||||||||||||||
Asset backed commercial paper | $ | 25 | $ | - | $ | -6 | $ | 19 | ||||||||||
Auction rate securities | 7 | - | -2 | 5 | ||||||||||||||
Corporate | 14 | - | - | 14 | ||||||||||||||
46 | - | -8 | 38 | |||||||||||||||
Marketable Equity Securities: | ||||||||||||||||||
Canadian Oil Sands Ltd. | 310 | 318 | - | 628 | ||||||||||||||
Gabriel Resources Ltd. | 78 | 42 | - | 120 | ||||||||||||||
Regis Resources Ltd. | 166 | 352 | - | 518 | ||||||||||||||
Other | 51 | 14 | - | 65 | ||||||||||||||
605 | 726 | - | 1,331 | |||||||||||||||
Other investments, at cost | 12 | - | - | 12 | ||||||||||||||
Investment in Affiliates: | ||||||||||||||||||
Minera La Zanja S.R.L. | 65 | - | - | 65 | ||||||||||||||
$ | 728 | $ | 726 | $ | -8 | $ | 1,446 | |||||||||||
Gross Unrealized Losses and Fair Value of the Company's Investments | ' | |||||||||||||||||
Less than 12 Months | 12 Months or Greater | Total | ||||||||||||||||
At September 30, 2013 | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||
Marketable equity securities | $ | 73 | $ | 41 | $ | - | $ | - | $ | 73 | $ | 41 | ||||||
Asset backed commercial paper | - | - | 22 | 1 | 22 | 1 | ||||||||||||
Auction rate securities | - | - | 4 | 3 | 4 | 3 | ||||||||||||
Corporate debt securities | 12 | 1 | - | - | 12 | 1 | ||||||||||||
$ | 85 | $ | 42 | $ | 26 | $ | 4 | $ | 111 | $ | 46 | |||||||
Less than 12 Months | 12 Months or Greater | Total | ||||||||||||||||
At December 31, 2012 | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||
Marketable equity securities | $ | 79 | $ | 5 | $ | - | $ | - | $ | 79 | $ | 5 | ||||||
Asset backed commercial paper | - | - | 19 | 6 | 19 | 6 | ||||||||||||
Auction rate securities | - | - | 5 | 2 | 5 | 2 | ||||||||||||
$ | 79 | $ | 5 | $ | 24 | $ | 8 | $ | 103 | $ | 13 |
Inventories_Tables
Inventories (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Inventories [Abstract] | ' | ||||||||
Summary of Inventories | ' | ||||||||
NOTE 17 INVENTORIES | |||||||||
At September 30, | At December 31, | ||||||||
2013 | 2012 | ||||||||
In-process | $ | 102 | $ | 143 | |||||
Concentrate | 140 | 152 | |||||||
Precious metals | 34 | 31 | |||||||
Materials, supplies and other | 517 | 470 | |||||||
$ | 793 | $ | 796 |
Stockpiles_and_Ore_on_Leach_Pa1
Stockpiles and Ore on Leach Pads (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Stockpiles And Ore On Leach Pad [Abstract] | ' | ||||||||
Stockpiles and Ore on Leach Pads | ' | ||||||||
NOTE 18 STOCKPILES AND ORE ON LEACH PADS | |||||||||
At September 30, | At December 31, | ||||||||
2013 | 2012 | ||||||||
Current: | |||||||||
Stockpiles | $ | 544 | $ | 602 | |||||
Ore on leach pads | 250 | 184 | |||||||
$ | 794 | $ | 786 | ||||||
Long-term: | |||||||||
Stockpiles | $ | 2,602 | $ | 2,514 | |||||
Ore on leach pads | 249 | 382 | |||||||
$ | 2,851 | $ | 2,896 | ||||||
Stockpiles and Ore on Leach Pads, by Segment | ' | ||||||||
At September 30, | At December 31, | ||||||||
2013 | 2012 | ||||||||
Stockpiles and ore on leach pads: | |||||||||
Nevada | $ | 897 | $ | 699 | |||||
La Herradura | 70 | 57 | |||||||
Yanacocha | 520 | 498 | |||||||
Boddington | 375 | 474 | |||||||
Batu Hijau | 1,368 | 1,543 | |||||||
Other Australia/New Zealand | 125 | 173 | |||||||
Ahafo | 274 | 235 | |||||||
Akyem | 16 | 3 | |||||||
$ | 3,645 | $ | 3,682 |
Other_Assets_Tables
Other Assets (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Other Asset [Abstract] | ' | ||||||||
Other Assets | ' | ||||||||
NOTE 19 OTHER ASSETS | |||||||||
At September 30, | At December 31, | ||||||||
2013 | 2012 | ||||||||
Other current assets: | |||||||||
Refinery metal inventory and receivable | $ | 1,009 | $ | 1,183 | |||||
Prepaid assets | 232 | 213 | |||||||
Derivative instruments | 29 | 112 | |||||||
Restricted cash | - | 12 | |||||||
Other | 113 | 141 | |||||||
$ | 1,383 | $ | 1,661 | ||||||
Other long-term assets: | |||||||||
Income tax receivable | $ | 219 | $ | 92 | |||||
Goodwill | 132 | 188 | |||||||
Intangible assets | 101 | 136 | |||||||
Restricted cash | 95 | 90 | |||||||
Prepaid royalties | 80 | 78 | |||||||
Debt issuance costs | 65 | 73 | |||||||
Prepaid maintenance costs | 31 | 17 | |||||||
Derivative instruments | 18 | 144 | |||||||
Other | 86 | 54 | |||||||
$ | 827 | $ | 872 |
Debt_Tables
Debt (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Debt [Abstract] | ' | ||||||||||||
Debt | ' | ||||||||||||
NOTE 20 DEBT | |||||||||||||
At September 30, 2013 | At December 31, 2012 | ||||||||||||
Current | Non-Current | Current | Non-Current | ||||||||||
2014 Convertible Senior Notes, net | $ | 554 | $ | - | $ | - | $ | 535 | |||||
2017 Convertible Senior Notes, net | - | 486 | - | 471 | |||||||||
2019 Senior Notes, net | - | 897 | - | 897 | |||||||||
2022 Senior Notes, net | - | 1,490 | - | 1,489 | |||||||||
2035 Senior Notes, net | - | 598 | - | 598 | |||||||||
2039 Senior Notes, net | - | 1,088 | - | 1,087 | |||||||||
2042 Senior Notes, net | - | 992 | - | 992 | |||||||||
Ahafo project finance facility | 10 | 30 | 10 | 35 | |||||||||
PTNNT revolving credit facility | - | 365 | - | 180 | |||||||||
Other | 23 | 3 | - | 4 | |||||||||
$ | 587 | $ | 5,949 | $ | 10 | $ | 6,288 | ||||||
Other_Liabilities_Tables
Other Liabilities (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Other Liabilities Disclosure | ' | ||||||||
Other Liabilities | ' | ||||||||
At September 30, | At December 31, | ||||||||
2013 | 2012 | ||||||||
Other current liabilities: | |||||||||
Refinery metal payable | $ | 1,009 | $ | 1,183 | |||||
Accrued operating costs | 213 | 336 | |||||||
Accrued capital expenditures | 115 | 172 | |||||||
Interest | 82 | 74 | |||||||
Reclamation and remediation liabilities | 73 | 82 | |||||||
Deferred income tax | 66 | 65 | |||||||
Derivative instruments | 43 | 1 | |||||||
Royalties | 34 | 42 | |||||||
Holt property royalty | 16 | 21 | |||||||
Boddington contingent consideration | - | 26 | |||||||
Taxes other than income and mining | 7 | 14 | |||||||
Other | 54 | 68 | |||||||
$ | 1,712 | $ | 2,084 | ||||||
Other long-term liabilities: | |||||||||
Holt property royalty | $ | 133 | $ | 219 | |||||
Derivative instruments | 85 | 2 | |||||||
Income and mining taxes | 72 | 65 | |||||||
Power supply agreements | 41 | 46 | |||||||
Boddington contingent consideration | 28 | 15 | |||||||
Deferred income tax from discontinued operations | 24 | - | |||||||
Other | 46 | 25 | |||||||
$ | 429 | $ | 372 | ||||||
Changes_in_Equity_Tables
Changes in Equity (Tables) | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Change in Equity [Abstract] | ' | ||||||||||
Changes in Equity | ' | ||||||||||
NOTE 22 CHANGES IN EQUITY | |||||||||||
Nine Months Ended September 30, | |||||||||||
2013 | 2012 | ||||||||||
Common stock: | |||||||||||
At beginning of period | $ | 787 | $ | 784 | |||||||
Stock based awards | 2 | 2 | |||||||||
At end of period | 789 | 786 | |||||||||
Additional paid-in capital: | |||||||||||
At beginning of period | 8,330 | 8,408 | |||||||||
Conversion premium on convertible notes | 0 | -172 | |||||||||
Stock based awards | 61 | 71 | |||||||||
Sale of noncontrolling interests | 48 | - | |||||||||
At end of period | 8,439 | 8,307 | |||||||||
Accumulated other comprehensive income (loss): | |||||||||||
At beginning of period | 490 | 652 | |||||||||
Other comprehensive income (loss) | -546 | -57 | |||||||||
At end of period | -56 | 595 | |||||||||
Retained earnings: | |||||||||||
At beginning of period | 4,166 | 3,052 | |||||||||
Net income (loss) attributable to Newmont stockholders | -1,296 | 1,136 | |||||||||
Dividends paid | -509 | -521 | |||||||||
At end of period | 2,361 | 3,667 | |||||||||
Noncontrolling interests: | |||||||||||
At beginning of period | 3,175 | 2,875 | |||||||||
Net income (loss) attributable to noncontrolling interests | -172 | 285 | |||||||||
Dividends paid to noncontrolling interests | -2 | 0 | |||||||||
Sale of noncontrolling interests, net | 7 | 0 | |||||||||
Other comprehensive income | 1 | 1 | |||||||||
At end of period | 3,009 | 3,161 | |||||||||
Total equity | $ | 14,542 | $ | 16,516 | |||||||
Reclassifications_out_of_Accum1
Reclassifications out of Accumulated OCI (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Reclassifications Out of Accumulated Other Comprehensive Income Note [Abstract] | ' | ||||||||||||||||
Reclassifications Out of Accumulated Other Comprehensive Income [Table Text Block] | ' | ||||||||||||||||
Unrealized gain on marketable securities, net | Foreign currency translation adjustments | Pension and other post-retirement benefit adjustments | Changes in fair value of cash flow hedge instruments | Total | |||||||||||||
31-Dec-12 | $ | 542 | $ | 177 | $ | -276 | $ | 47 | $ | 490 | |||||||
Change in other comprehensive income | |||||||||||||||||
(loss) before reclassifications | -219 | -29 | 107 | -189 | -330 | ||||||||||||
Reclassifications from accumulated | |||||||||||||||||
other comprehensive income (loss) | -194 | - | 17 | -39 | -216 | ||||||||||||
Net current-period other | |||||||||||||||||
comprehensive income (loss) | -413 | -29 | 124 | -228 | -546 | ||||||||||||
30-Sep-13 | $ | 129 | $ | 148 | $ | -152 | $ | -181 | $ | -56 | |||||||
Details about Accumulated Other Comprehensive Income (Loss) Components | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Affected Line Item in the Condensed Consolidated Statement of Income (Loss) | |||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | ||||||||||||||||
Marketable securities adjustments: | |||||||||||||||||
Sale of marketable securities | $ | -280 | $ | -280 | Other income, net | ||||||||||||
Impairment of marketable securities | 41 | 52 | Other income, net | ||||||||||||||
Total before tax | -239 | -228 | |||||||||||||||
Tax benefit (expense) | 37 | 34 | |||||||||||||||
Net of tax | $ | -202 | $ | -194 | |||||||||||||
Pension liability adjustments: | |||||||||||||||||
Amortization, net | $ | 8 | $ | 26 | -1 | ||||||||||||
Total before tax | 8 | 26 | |||||||||||||||
Tax (expense) benefit | -3 | -9 | |||||||||||||||
Net of tax | $ | 5 | $ | 17 | |||||||||||||
Hedge instruments adjustments: | |||||||||||||||||
Operating cash flow hedges | $ | -9 | $ | -88 | Costs applicable to sales | ||||||||||||
Capital cash flow hedges | - | 1 | Amortization | ||||||||||||||
Capital cash flow hedges | - | 18 | Write-downs | ||||||||||||||
Forward starting swap hedges | 5 | 14 | Interest expense, net | ||||||||||||||
Total before tax | -4 | -55 | |||||||||||||||
Tax benefit (expense) | - | 16 | |||||||||||||||
Net of tax | $ | -4 | $ | -39 | |||||||||||||
Total reclassifications for the period, | |||||||||||||||||
net of tax | $ | -201 | $ | -216 | |||||||||||||
-1 | This accumulated other comprehensive income (loss) component is included in General and administrative and costs that benefit the inventory/production process. Refer to Note 2 in the Newmont Annual Report on Form 10-K for the year ended December 31, 2012 for information on costs that benefit the inventory/production process. |
Net_Change_in_Operating_Assets1
Net Change in Operating Assets and Liabilities (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Net Change in Operating Assets and Liabilities [Abstract] | ' | ||||||||
Net Change in Operating Assets and Liabilities | ' | ||||||||
Nine Months Ended September 30, | |||||||||
2013 | 2012 | ||||||||
Decrease (increase) in operating assets: | |||||||||
Trade and accounts receivable | $ | 255 | $ | -7 | |||||
Inventories, stockpiles and ore on leach pads | -609 | -603 | |||||||
EGR refinery assets | 166 | 177 | |||||||
Other assets | -52 | -81 | |||||||
Decrease in operating liabilities: | |||||||||
Accounts payable and other accrued liabilities | -111 | -291 | |||||||
EGR refinery liabilities | -166 | -177 | |||||||
Reclamation liabilities | -41 | -57 | |||||||
$ | -558 | $ | -1,039 |
Condensed_Consolidating_Financ1
Condensed Consolidating Financial Statements (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Financial Statements [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Income | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | Mining | ||||||||||||||||||||||||||||||||||||||||||||||||
Mining | Newmont | Other | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Income | Corporation | USA | Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||
Sales | $ | - | $ | 587 | $ | 1,396 | $ | - | $ | 1,983 | |||||||||||||||||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales (1) | - | 229 | 807 | - | 1,036 | ||||||||||||||||||||||||||||||||||||||||||||
Amortization | - | 50 | 249 | - | 299 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation | - | 2 | 18 | - | 20 | ||||||||||||||||||||||||||||||||||||||||||||
Exploration | - | 10 | 50 | - | 60 | ||||||||||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | - | 14 | 53 | - | 67 | ||||||||||||||||||||||||||||||||||||||||||||
General and administrative | - | 23 | 25 | - | 48 | ||||||||||||||||||||||||||||||||||||||||||||
Write-downs | - | - | 3 | - | 3 | ||||||||||||||||||||||||||||||||||||||||||||
Other expense, net | - | 21 | 63 | - | 84 | ||||||||||||||||||||||||||||||||||||||||||||
- | 349 | 1,268 | - | 1,617 | |||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | -12 | 2 | 300 | - | 290 | ||||||||||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 31 | 7 | 6 | -44 | - | ||||||||||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | -2 | - | -42 | 44 | - | ||||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | -78 | -1 | 3 | - | -76 | ||||||||||||||||||||||||||||||||||||||||||||
-61 | 8 | 267 | - | 214 | |||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | -61 | 246 | 395 | - | 580 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 21 | -46 | -129 | - | -154 | ||||||||||||||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | 448 | -92 | 20 | -375 | 1 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations | 408 | 108 | 286 | -375 | 427 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from discontinued operations | - | - | -21 | - | -21 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | 408 | 108 | 265 | -375 | 406 | ||||||||||||||||||||||||||||||||||||||||||||
Net loss (income) attributable to noncontrolling interests | - | - | -4 | 6 | 2 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | 408 | $ | 108 | $ | 261 | $ | -369 | $ | 408 | |||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) | $ | 423 | $ | 218 | $ | 173 | $ | -391 | $ | 423 | |||||||||||||||||||||||||||||||||||||||
Comprehensive loss (income) attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | - | - | -5 | 5 | - | ||||||||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders | $ | 423 | $ | 218 | $ | 168 | $ | -386 | $ | 423 | |||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | Mining | ||||||||||||||||||||||||||||||||||||||||||||||||
Mining | Newmont | Other | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Income | Corporation | USA | Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||
Sales | $ | - | $ | 1,635 | $ | 4,518 | $ | - | $ | 6,153 | |||||||||||||||||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales (1) | - | 725 | 3,008 | - | 3,733 | ||||||||||||||||||||||||||||||||||||||||||||
Amortization | - | 146 | 835 | - | 981 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation | - | 6 | 50 | - | 56 | ||||||||||||||||||||||||||||||||||||||||||||
Exploration | - | 38 | 157 | - | 195 | ||||||||||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | - | 37 | 128 | - | 165 | ||||||||||||||||||||||||||||||||||||||||||||
General and administrative | - | 77 | 81 | - | 158 | ||||||||||||||||||||||||||||||||||||||||||||
Write-downs | - | - | 2,265 | - | 2,265 | ||||||||||||||||||||||||||||||||||||||||||||
Other expense, net | - | 51 | 209 | - | 260 | ||||||||||||||||||||||||||||||||||||||||||||
- | 1,080 | 6,733 | - | 7,813 | |||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | -10 | 11 | 365 | - | 366 | ||||||||||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 113 | 22 | 16 | -151 | - | ||||||||||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | -8 | - | -143 | 151 | - | ||||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | -211 | -7 | 7 | - | -211 | ||||||||||||||||||||||||||||||||||||||||||||
-116 | 26 | 245 | - | 155 | |||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | -116 | 581 | -1,970 | - | -1,505 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 40 | -167 | 117 | - | -10 | ||||||||||||||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | -1,220 | -439 | -100 | 1,753 | -6 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations | -1,296 | -25 | -1,953 | 1,753 | -1,521 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from discontinued operations | - | - | 53 | - | 53 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | -1,296 | -25 | -1,900 | 1,753 | -1,468 | ||||||||||||||||||||||||||||||||||||||||||||
Net loss (income) attributable to noncontrolling interests | - | - | 252 | -80 | 172 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | -1,296 | $ | -25 | $ | -1,648 | $ | 1,673 | $ | -1,296 | |||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) | $ | -1,842 | $ | 77 | $ | -2,649 | $ | 2,401 | $ | -2,013 | |||||||||||||||||||||||||||||||||||||||
Comprehensive loss (income) attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | - | - | 252 | -81 | 171 | ||||||||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders | $ | -1,842 | $ | 77 | $ | -2,397 | $ | 2,320 | $ | -1,842 | |||||||||||||||||||||||||||||||||||||||
For Three Months Ended September, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont USA | Other Subsidiaries | Eliminations | |||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Income | As Previously Presented | Change | Subsidiary Merger | As Currently Presented | As Previously Presented | Change | Subsidiary Merger | As Currently Presented | As Previously Presented | Change | Subsidiary Merger | As Currently Presented | |||||||||||||||||||||||||||||||||||||
Sales | $ | 1,577 | $ | -955 | $ | 59 | $ | 681 | $ | 903 | $ | 955 | $ | -59 | $ | 1,799 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales | 623 | -391 | 13 | 245 | 465 | 391 | -13 | 843 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Amortization | 174 | -128 | 7 | 53 | 98 | 128 | -7 | 219 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Reclamation and remediation | 12 | -10 | 1 | 3 | 5 | 10 | -1 | 14 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Exploration | 72 | -48 | 7 | 31 | 43 | 48 | -7 | 84 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | 55 | -46 | 2 | 11 | 20 | 45 | -2 | 63 | -1 | 1 | - | - | |||||||||||||||||||||||||||||||||||||
General and administrative | 52 | -12 | - | 40 | -1 | 12 | - | 11 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Other expense, net | 72 | -55 | 2 | 19 | 58 | 56 | -2 | 112 | 1 | -1 | - | - | |||||||||||||||||||||||||||||||||||||
1,060 | -690 | 32 | 402 | 688 | 690 | -32 | l | 1,346 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | 16 | -5 | - | 11 | 37 | 4 | - | 41 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 4 | 6 | - | 10 | - | -6 | - | -6 | -50 | - | - | -50 | |||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | - | - | - | - | -47 | - | - | -47 | 50 | - | - | 50 | |||||||||||||||||||||||||||||||||||||
Interest expense, net | -7 | 4 | - | -3 | 6 | -3 | - | 3 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
13 | 5 | - | 18 | -4 | -5 | - | -9 | - | - | - | - | ||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | 530 | -260 | 27 | 297 | 211 | 260 | -27 | 444 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | -245 | 163 | - | -82 | 9 | -163 | - | -154 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | -6 | 25 | -27 | -8 | 40 | - | - | 40 | -426 | -25 | 27 | -424 | |||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations | 279 | -72 | - | 207 | 260 | 97 | -27 | 330 | -426 | -25 | 27 | -424 | |||||||||||||||||||||||||||||||||||||
Income (loss) from discontinued operations | 2 | -2 | - | - | -35 | 2 | - | -33 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Net income (loss) | 281 | -74 | - | 207 | 225 | 99 | -27 | 297 | -426 | -25 | 27 | -424 | |||||||||||||||||||||||||||||||||||||
Net loss (income) attributable to noncontrolling interests | -74 | 74 | - | - | -29 | -74 | - | -103 | 23 | - | - | 23 | |||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | 207 | $ | - | $ | - | $ | 207 | $ | 196 | $ | 25 | $ | -27 | $ | 194 | $ | -403 | $ | -25 | $ | 27 | $ | -401 | |||||||||||||||||||||||||
Comprehensive income (loss) | $ | 299 | $ | -75 | $ | - | $ | 224 | $ | 497 | $ | 106 | $ | -27 | $ | 576 | $ | -715 | $ | -31 | $ | 27 | $ | -719 | |||||||||||||||||||||||||
Comprehensive loss (income) attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | -75 | 75 | - | - | -29 | -75 | - | -104 | 23 | - | - | 23 | |||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders | $ | 224 | $ | - | $ | - | $ | 224 | $ | 468 | $ | 31 | $ | -27 | $ | 472 | $ | -692 | $ | -31 | $ | 27 | $ | -696 | |||||||||||||||||||||||||
For Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont USA | Other Subsidiaries | Eliminations | |||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Income | As Previously Presented | Change | Subsidiary Merger | As Currently Presented | As Previously Presented | Change | Subsidiary Merger | As Currently Presented | As Previously Presented | Change | Subsidiary Merger | As Currently Presented | |||||||||||||||||||||||||||||||||||||
Sales | $ | 4,577 | $ | -2,906 | $ | 196 | $ | 1,867 | $ | 2,815 | $ | 2,906 | $ | -196 | $ | 5,525 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales | 1,736 | -1,016 | 25 | 745 | 1,371 | 1,016 | -25 | 2,362 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Amortization | 439 | -325 | 20 | 134 | 312 | 325 | -20 | 617 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Reclamation and remediation | 35 | -30 | 3 | 8 | 14 | 30 | -3 | 41 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Exploration | 196 | -134 | 12 | 74 | 113 | 134 | -12 | 235 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | 207 | -178 | 4 | 33 | 51 | 178 | -4 | 225 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
General and administrative | 160 | -55 | - | 105 | 2 | 55 | - | 57 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Other expense, net | 139 | -105 | 2 | 36 | 238 | 105 | -2 | 341 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
2,912 | -1,843 | 66 | 1,135 | 2,101 | 1,843 | -66 | 3,878 | - | - | - | - | ||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | 41 | -18 | - | 23 | 78 | 18 | - | 96 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 7 | 17 | - | 24 | 11 | -17 | - | -6 | -143 | - | - | -143 | |||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | -1 | 1 | - | - | -131 | -1 | - | -132 | 143 | - | - | 143 | |||||||||||||||||||||||||||||||||||||
Interest expense, net | -19 | 13 | - | -6 | 15 | -13 | - | 2 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
28 | 13 | - | 41 | -27 | -13 | - | -40 | - | - | - | - | ||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | 1,693 | -1,050 | 130 | 773 | 687 | 1,050 | -130 | 1,607 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | -474 | 264 | - | -210 | -296 | -264 | - | -560 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | -19 | 511 | -130 | 362 | 157 | - | - | 157 | -1,359 | -511 | 130 | -1,740 | |||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations | 1,200 | -275 | - | 925 | 548 | 786 | -130 | 1,204 | -1,359 | -511 | 130 | -1,740 | |||||||||||||||||||||||||||||||||||||
Income (loss) from discontinued operations | 6 | -6 | - | - | -110 | 6 | - | -104 | - | - | - | - | |||||||||||||||||||||||||||||||||||||
Net income (loss) | 1,206 | -281 | - | 925 | 438 | 792 | -130 | 1,100 | -1,359 | -511 | 130 | -1,740 | |||||||||||||||||||||||||||||||||||||
Net loss (income) attributable to noncontrolling interests | -281 | 281 | - | - | -92 | -281 | - | -373 | 88 | - | - | 88 | |||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | 925 | $ | - | $ | - | $ | 925 | $ | 346 | $ | 511 | $ | -130 | $ | 727 | $ | -1,271 | $ | -511 | $ | 130 | $ | -1,652 | |||||||||||||||||||||||||
Comprehensive income (loss) | $ | 1,197 | $ | -282 | $ | - | $ | 915 | $ | 446 | $ | 766 | $ | -130 | $ | 1,082 | $ | -1,357 | $ | -484 | $ | 130 | $ | -1,711 | |||||||||||||||||||||||||
Comprehensive loss (income) attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | -282 | 282 | - | - | -92 | -282 | - | -374 | 88 | - | - | 88 | |||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders | $ | 915 | $ | - | $ | - | $ | 915 | $ | 354 | $ | 484 | $ | -130 | $ | 708 | $ | -1,269 | $ | -484 | $ | 130 | $ | -1,623 | |||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | Mining | ||||||||||||||||||||||||||||||||||||||||||||||||
Mining | Newmont | Other | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | Corporation | USA | Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | -1,296 | $ | -25 | $ | -1,900 | $ | 1,753 | $ | -1,468 | |||||||||||||||||||||||||||||||||||||||
Adjustments | 1,306 | 819 | 2,834 | -1,758 | 3,201 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | -12 | -331 | -215 | - | -558 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | -2 | 463 | 719 | -5 | 1,175 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | - | - | -14 | - | -14 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | -2 | 463 | 705 | -5 | 1,161 | ||||||||||||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | - | -330 | -1,198 | - | -1,528 | ||||||||||||||||||||||||||||||||||||||||||||
Acquisitions, net | - | - | -13 | - | -13 | ||||||||||||||||||||||||||||||||||||||||||||
Sale of marketable securities | - | - | 588 | - | 588 | ||||||||||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | - | - | -1 | - | -1 | ||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | - | - | 55 | - | 55 | ||||||||||||||||||||||||||||||||||||||||||||
Other | - | - | -38 | - | -38 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash used in investing activities | - | -330 | -607 | - | -937 | ||||||||||||||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 939 | - | 323 | - | 1,262 | ||||||||||||||||||||||||||||||||||||||||||||
Repayment of debt | -939 | - | -121 | - | -1,060 | ||||||||||||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | 509 | -290 | -216 | -3 | - | ||||||||||||||||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 2 | - | - | - | 2 | ||||||||||||||||||||||||||||||||||||||||||||
Sale of noncontrolling interests | - | - | 32 | - | 32 | ||||||||||||||||||||||||||||||||||||||||||||
Acquisition of noncontrolling interests | - | - | -13 | - | -13 | ||||||||||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | - | - | -5 | 3 | -2 | ||||||||||||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | -509 | - | -5 | 5 | -509 | ||||||||||||||||||||||||||||||||||||||||||||
Other | - | - | -4 | - | -4 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | 2 | -290 | -9 | 5 | -292 | ||||||||||||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | - | - | -18 | - | -18 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | - | -157 | 71 | - | -86 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | - | 342 | 1,219 | - | 1,561 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | - | $ | 185 | $ | 1,290 | $ | - | $ | 1,475 | |||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 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) | $ | 1,136 | $ | 925 | $ | 1,100 | $ | -1,740 | $ | 1,421 | |||||||||||||||||||||||||||||||||||||||
Adjustments | -1,131 | -125 | 681 | 1,735 | 1,160 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | 163 | -410 | -792 | - | -1,039 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | 168 | 390 | 989 | -5 | 1,542 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | - | - | -12 | - | -12 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | 168 | 390 | 977 | -5 | 1,530 | ||||||||||||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | - | -469 | -1,925 | - | -2,394 | ||||||||||||||||||||||||||||||||||||||||||||
Acquisitions, net | - | - | -22 | - | -22 | ||||||||||||||||||||||||||||||||||||||||||||
Sale of marketable securities | - | 209 | - | - | 209 | ||||||||||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | - | -209 | - | - | -209 | ||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | - | - | 13 | - | 13 | ||||||||||||||||||||||||||||||||||||||||||||
Other | - | - | -48 | - | -48 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash used in investing activities | - | -469 | -1,982 | - | -2,451 | ||||||||||||||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 3,345 | - | -2 | - | 3,343 | ||||||||||||||||||||||||||||||||||||||||||||
Repayment of debt | -1,802 | -150 | -4 | - | -1,956 | ||||||||||||||||||||||||||||||||||||||||||||
Payment of conversion premium on debt | -172 | - | - | - | -172 | ||||||||||||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | -1,038 | 475 | 567 | -4 | - | ||||||||||||||||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 20 | - | - | - | 20 | ||||||||||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | - | - | -7 | 4 | -3 | ||||||||||||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | -521 | - | -5 | 5 | -521 | ||||||||||||||||||||||||||||||||||||||||||||
Other | - | -1 | -1 | - | -2 | ||||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | -168 | 324 | 548 | 5 | 709 | ||||||||||||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | - | - | 1 | - | 1 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | - | 245 | -456 | - | -211 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | - | 10 | 1,750 | - | 1,760 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | - | $ | 255 | $ | 1,294 | $ | - | $ | 1,549 | |||||||||||||||||||||||||||||||||||||||
At September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining Corporation | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | As Previously Presented | Change | As Revised | As Previously Presented | Change | Subsidiary Merger | As Revised | As Previously Presented | Change | Subsidiary Merger | As Revised | As Previously Presented | Change | Subsidiary Merger | As Revised | ||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 1,136 | $ | - | $ | 1,136 | $ | 1,206 | $ | -281 | $ | - | $ | 925 | $ | 438 | $ | 791 | $ | -129 | $ | 1,100 | $ | -1,359 | $ | -510 | $ | 129 | $ | -1,740 | |||||||||||||||||||
Adjustments | 51 | -1,182 | -1,131 | 530 | -806 | 151 | -125 | -780 | 1,483 | -22 | 681 | 1,359 | 505 | -129 | 1,735 | ||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | 163 | - | 163 | -851 | 499 | -58 | -410 | -351 | -499 | 58 | -792 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | 1,350 | -1,182 | 168 | 885 | -588 | 93 | 390 | -693 | 1,775 | -93 | 989 | - | -5 | - | -5 | ||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | - | - | - | - | - | - | - | -12 | - | - | -12 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | 1,350 | -1,182 | 168 | 885 | -588 | 93 | 390 | -705 | 1,775 | -93 | 977 | - | -5 | - | -5 | ||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | - | - | - | -1,621 | 1,241 | -89 | -469 | -773 | -1,241 | 89 | -1,925 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Acquisitions, net | - | - | - | - | - | - | - | -22 | - | - | -22 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Sale of marketable securities | - | - | - | - | 209 | - | 209 | 209 | -209 | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||
Purchases of marketable securities | - | - | - | - | -209 | - | -209 | -209 | 209 | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | - | - | - | 10 | -10 | - | - | 3 | 10 | - | 13 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Other | - | - | - | -15 | 15 | - | - | -33 | -15 | - | -48 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Net cash used in investing activities | - | - | - | -1,626 | 1,246 | -89 | -469 | -825 | -1,246 | 89 | -1,982 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net borrowings (repayments) | 1,543 | - | 1,543 | -151 | 1 | - | -150 | -5 | -1 | - | -6 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Payment of conversion premium on debt | -172 | - | -172 | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | -2,220 | 1,182 | -1,038 | 633 | -155 | -3 | 475 | 1,587 | -1,023 | 3 | 567 | - | -4 | - | -4 | ||||||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 20 | - | 20 | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | - | - | - | -3 | 3 | - | - | - | -7 | - | -7 | - | 4 | - | 4 | ||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | -521 | - | -521 | - | - | - | - | - | -5 | - | -5 | - | 5 | - | 5 | ||||||||||||||||||||||||||||||||||
Other | - | - | - | - | - | -1 | -1 | -2 | - | 1 | -1 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | -1,350 | 1,182 | -168 | 479 | -151 | -4 | 324 | 1,580 | -1,036 | 4 | 548 | - | 5 | - | 5 | ||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | - | - | - | -2 | 2 | - | - | 3 | -2 | - | 1 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | - | - | - | -264 | 509 | - | 245 | 53 | -509 | - | -456 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | - | - | - | 1,526 | -1,516 | - | 10 | 234 | 1,516 | - | 1,750 | - | - | - | - | ||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | - | $ | - | $ | - | $ | 1,262 | $ | -1,007 | $ | - | $ | 255 | $ | 287 | $ | 1,007 | $ | - | $ | 1,294 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Condensed Consolidating Balance Sheet | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | Mining | ||||||||||||||||||||||||||||||||||||||||||||||||
Mining | Newmont | Other | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | Corporation | USA | Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | - | $ | 185 | $ | 1,290 | $ | - | $ | 1,475 | |||||||||||||||||||||||||||||||||||||||
Trade receivables | - | 87 | 128 | - | 215 | ||||||||||||||||||||||||||||||||||||||||||||
Accounts receivable | 18 | 3 | 236 | - | 257 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany receivable | 1,291 | 6,718 | 3,117 | -11,126 | - | ||||||||||||||||||||||||||||||||||||||||||||
Investments | 24 | 1 | 66 | - | 91 | ||||||||||||||||||||||||||||||||||||||||||||
Inventories | - | 156 | 637 | - | 793 | ||||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | - | 389 | 405 | - | 794 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 3 | 145 | 65 | - | 213 | ||||||||||||||||||||||||||||||||||||||||||||
Other current assets | - | 88 | 1,295 | - | 1,383 | ||||||||||||||||||||||||||||||||||||||||||||
Current assets | 1,336 | 7,772 | 7,239 | -11,126 | 5,221 | ||||||||||||||||||||||||||||||||||||||||||||
Property, plant and mine development, net | - | 3,025 | 13,340 | -43 | 16,322 | ||||||||||||||||||||||||||||||||||||||||||||
Investments | - | 7 | 533 | - | 540 | ||||||||||||||||||||||||||||||||||||||||||||
Investments in subsidiaries | 15,313 | 5,051 | 3,051 | -23,415 | - | ||||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | - | 503 | 2,348 | - | 2,851 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 1,162 | 266 | 823 | -1,213 | 1,038 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany receivable | 3,197 | 53 | 350 | -3,600 | - | ||||||||||||||||||||||||||||||||||||||||||||
Other long-term assets | 46 | 187 | 594 | - | 827 | ||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 21,054 | $ | 16,864 | $ | 28,278 | $ | -39,397 | $ | 26,799 | |||||||||||||||||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt | $ | 554 | $ | - | $ | 33 | $ | - | $ | 587 | |||||||||||||||||||||||||||||||||||||||
Accounts payable | - | 69 | 476 | - | 545 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany payable | 3,251 | 5,741 | 2,134 | -11,126 | - | ||||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | - | 150 | 166 | - | 316 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining taxes | - | 22 | 76 | - | 98 | ||||||||||||||||||||||||||||||||||||||||||||
Other current liabilities | 79 | 156 | 1,477 | - | 1,712 | ||||||||||||||||||||||||||||||||||||||||||||
Current liabilities | 3,884 | 6,138 | 4,362 | -11,126 | 3,258 | ||||||||||||||||||||||||||||||||||||||||||||
Debt | 5,550 | 1 | 398 | - | 5,949 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation liabilities | - | 186 | 1,293 | - | 1,479 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax liabilities | - | 35 | 1,936 | -1,213 | 758 | ||||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | 6 | 201 | 177 | - | 384 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany payable | 172 | - | 3,471 | -3,643 | - | ||||||||||||||||||||||||||||||||||||||||||||
Other long-term liabilities | - | 21 | 408 | - | 429 | ||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | 9,612 | 6,582 | 12,045 | -15,982 | 12,257 | ||||||||||||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders’ equity | 11,442 | 10,282 | 11,414 | -21,605 | 11,533 | ||||||||||||||||||||||||||||||||||||||||||||
Noncontrolling interests | - | - | 4,819 | -1,810 | 3,009 | ||||||||||||||||||||||||||||||||||||||||||||
Total equity | 11,442 | 10,282 | 16,233 | -23,415 | 14,542 | ||||||||||||||||||||||||||||||||||||||||||||
Total liabilities and equity | $ | 21,054 | $ | 16,864 | $ | 28,278 | $ | -39,397 | $ | 26,799 | |||||||||||||||||||||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont | Mining | ||||||||||||||||||||||||||||||||||||||||||||||||
Mining | Newmont | Other | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | Corporation | USA | Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | - | $ | 342 | $ | 1,219 | $ | - | $ | 1,561 | |||||||||||||||||||||||||||||||||||||||
Trade receivables | - | 57 | 226 | - | 283 | ||||||||||||||||||||||||||||||||||||||||||||
Accounts receivable | 20 | 10 | 547 | - | 577 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany receivable | 2,748 | 6,276 | 4,025 | -13,049 | - | ||||||||||||||||||||||||||||||||||||||||||||
Investments | 58 | 7 | 21 | - | 86 | ||||||||||||||||||||||||||||||||||||||||||||
Inventories | - | 147 | 649 | - | 796 | ||||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | - | 245 | 541 | - | 786 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | - | 109 | 153 | -67 | 195 | ||||||||||||||||||||||||||||||||||||||||||||
Other current assets | - | 48 | 1,613 | - | 1,661 | ||||||||||||||||||||||||||||||||||||||||||||
Current assets | 2,826 | 7,241 | 8,994 | -13,116 | 5,945 | ||||||||||||||||||||||||||||||||||||||||||||
Property, plant and mine development, net | - | 2,869 | 15,178 | -37 | 18,010 | ||||||||||||||||||||||||||||||||||||||||||||
Investments | - | 6 | 1,440 | - | 1,446 | ||||||||||||||||||||||||||||||||||||||||||||
Investments in subsidiaries | 16,599 | 5,504 | 3,115 | -25,218 | - | ||||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | - | 448 | 2,448 | - | 2,896 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 791 | 146 | 685 | -1,141 | 481 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany receivable | 3,907 | 45 | 564 | -4,516 | - | ||||||||||||||||||||||||||||||||||||||||||||
Other long-term assets | 52 | 172 | 648 | - | 872 | ||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 24,175 | $ | 16,431 | $ | 33,072 | $ | -44,028 | $ | 29,650 | |||||||||||||||||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt | $ | - | $ | - | $ | 10 | $ | - | $ | 10 | |||||||||||||||||||||||||||||||||||||||
Accounts payable | - | 97 | 560 | - | 657 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany payable | 3,969 | 5,192 | 3,888 | -13,049 | - | ||||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | - | 149 | 190 | - | 339 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining taxes | - | 16 | 35 | - | 51 | ||||||||||||||||||||||||||||||||||||||||||||
Other current liabilities | 71 | 175 | 1,838 | - | 2,084 | ||||||||||||||||||||||||||||||||||||||||||||
Current liabilities | 4,040 | 5,629 | 6,521 | -13,049 | 3,141 | ||||||||||||||||||||||||||||||||||||||||||||
Debt | 6,069 | 1 | 218 | - | 6,288 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation liabilities | - | 183 | 1,274 | - | 1,457 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax liabilities | - | 24 | 2,040 | -1,206 | 858 | ||||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | 5 | 385 | 196 | - | 586 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany payable | 381 | - | 4,172 | -4,553 | - | ||||||||||||||||||||||||||||||||||||||||||||
Other long-term liabilities | - | 13 | 359 | - | 372 | ||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | 10,495 | 6,235 | 14,780 | -18,808 | 12,702 | ||||||||||||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders’ equity | 13,680 | 10,196 | 13,245 | -23,348 | 13,773 | ||||||||||||||||||||||||||||||||||||||||||||
Noncontrolling interests | - | - | 5,047 | -1,872 | 3,175 | ||||||||||||||||||||||||||||||||||||||||||||
Total equity | 13,680 | 10,196 | 18,292 | -25,220 | 16,948 | ||||||||||||||||||||||||||||||||||||||||||||
Total liabilities and equity | $ | 24,175 | $ | 16,431 | $ | 33,072 | $ | -44,028 | $ | 29,650 | |||||||||||||||||||||||||||||||||||||||
Basis_of_Presentation_Details
Basis of Presentation (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Basis Of Presentation Details [Line Items] | ' |
Line of Credit Facility, Current Borrowing Capacity | 15 |
TMAC [Member] | ' |
Basis Of Presentation Details [Line Items] | ' |
VIE ownership interest percent | 49.90% |
Segment_Information_Details
Segment Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | $1,983 | $2,480 | $6,153 | $7,392 | ' |
Costs Applicable to Sales | 1,036 | 1,088 | 3,733 | 3,107 | ' |
Amortization | 299 | 272 | 981 | 751 | ' |
Advanced Projects and Exploration | 127 | 189 | 360 | 567 | ' |
Pre-Tax Income (Loss) | 580 | 717 | -1,505 | 2,310 | ' |
Totals Assets | 26,799 | 29,523 | 26,799 | 29,523 | 29,650 |
Segment Information (Textuals) [Abstract] | ' | ' | ' | ' | ' |
Change in accrued capital expenditures | ' | ' | 59 | 7 | ' |
Consolidated capital expenditures on a cash basis | ' | ' | 1,528 | 2,394 | ' |
Nevada [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 618 | 734 | 1,746 | 2,028 | ' |
Costs Applicable to Sales | 251 | 292 | 799 | 817 | ' |
Amortization | 59 | 61 | 178 | 161 | ' |
Advanced Projects and Exploration | 25 | 47 | 78 | 124 | ' |
Pre-Tax Income (Loss) | 272 | 330 | 662 | 916 | ' |
Totals Assets | 7,954 | 7,420 | 7,954 | 7,420 | ' |
Capital Expenditures | ' | ' | 360 | 489 | ' |
La Herradura [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 70 | 88 | 231 | 274 | ' |
Costs Applicable to Sales | 40 | 31 | 122 | 96 | ' |
Amortization | 9 | 5 | 22 | 16 | ' |
Advanced Projects and Exploration | 10 | 11 | 31 | 28 | ' |
Pre-Tax Income (Loss) | 12 | 39 | 57 | 130 | ' |
Totals Assets | 453 | 388 | 453 | 388 | ' |
Capital Expenditures | ' | ' | 82 | 50 | ' |
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 | 0 | 0 | 0 | ' |
Advanced Projects and Exploration | 1 | 1 | 2 | 2 | ' |
Pre-Tax Income (Loss) | -3 | -2 | -8 | -6 | ' |
Totals Assets | 68 | 96 | 68 | 96 | ' |
Capital Expenditures | ' | ' | 1 | 31 | ' |
North America [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 688 | 822 | 1,977 | 2,302 | ' |
Costs Applicable to Sales | 291 | 323 | 921 | 913 | ' |
Amortization | 68 | 66 | 200 | 177 | ' |
Advanced Projects and Exploration | 36 | 59 | 111 | 154 | ' |
Pre-Tax Income (Loss) | 281 | 367 | 711 | 1,040 | ' |
Totals Assets | 8,475 | 7,904 | 8,475 | 7,904 | ' |
Capital Expenditures | ' | ' | 443 | 570 | ' |
Yanacocha [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 346 | 585 | 1,221 | 1,793 | ' |
Costs Applicable to Sales | 154 | 185 | 509 | 523 | ' |
Amortization | 87 | 83 | 254 | 195 | ' |
Advanced Projects and Exploration | 9 | 14 | 32 | 49 | ' |
Pre-Tax Income (Loss) | 55 | 254 | 337 | 936 | ' |
Totals Assets | 2,958 | 2,812 | 2,958 | 2,812 | ' |
Capital Expenditures | ' | ' | 136 | 392 | ' |
Conga [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | ' | 0 | 0 | 0 | ' |
Costs Applicable to Sales | 0 | 0 | 0 | 0 | ' |
Amortization | 0 | 0 | 0 | 0 | ' |
Advanced Projects and Exploration | 15 | 9 | 16 | 48 | ' |
Pre-Tax Income (Loss) | -17 | -12 | -17 | -51 | ' |
Totals Assets | 1,714 | 1,617 | 1,714 | 1,617 | ' |
Capital Expenditures | ' | ' | 184 | 467 | ' |
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 | 4 | 15 | 14 | 59 | ' |
Pre-Tax Income (Loss) | -4 | -10 | -16 | -54 | ' |
Totals Assets | 150 | 82 | 150 | 82 | ' |
Capital Expenditures | ' | ' | 65 | 54 | ' |
South America [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 346 | 585 | 1,221 | 1,793 | ' |
Costs Applicable to Sales | 154 | 185 | 509 | 523 | ' |
Amortization | 87 | 83 | 254 | 195 | ' |
Advanced Projects and Exploration | 28 | 38 | 62 | 156 | ' |
Pre-Tax Income (Loss) | 34 | 232 | 304 | 831 | ' |
Totals Assets | 4,822 | 4,511 | 4,822 | 4,511 | ' |
Capital Expenditures | ' | ' | 385 | 913 | ' |
Boddington [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 246 | 341 | 938 | 1,006 | ' |
Costs Applicable to Sales | 181 | 194 | 717 | 556 | ' |
Amortization | 33 | 44 | 158 | 143 | ' |
Advanced Projects and Exploration | 1 | 2 | 1 | 7 | ' |
Pre-Tax Income (Loss) | 20 | 98 | -2,027 | 278 | ' |
Totals Assets | 2,265 | 4,678 | 2,265 | 4,678 | ' |
Capital Expenditures | ' | ' | 81 | 77 | ' |
Boddington [Member] | Gold [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 204 | 281 | 782 | 843 | ' |
Costs Applicable to Sales | 152 | 155 | 578 | 449 | ' |
Amortization | 28 | 37 | 129 | 118 | ' |
Boddington [Member] | Copper [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 42 | 60 | 156 | 163 | ' |
Costs Applicable to Sales | 29 | 39 | 139 | 107 | ' |
Amortization | 5 | 7 | 29 | 25 | ' |
Other Australia New Zealand [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 357 | 358 | 1,081 | 1,116 | ' |
Costs Applicable to Sales | 202 | 201 | 697 | 573 | ' |
Amortization | 60 | 34 | 164 | 106 | ' |
Advanced Projects and Exploration | 7 | 23 | 31 | 66 | ' |
Pre-Tax Income (Loss) | 93 | 83 | 11 | 356 | ' |
Totals Assets | 1,788 | 2,212 | 1,788 | 2,212 | ' |
Capital Expenditures | ' | ' | 123 | 226 | ' |
Australia/New Zealand [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 603 | 699 | 2,019 | 2,122 | ' |
Costs Applicable to Sales | 383 | 395 | 1,414 | 1,129 | ' |
Amortization | 93 | 78 | 322 | 249 | ' |
Advanced Projects and Exploration | 8 | 25 | 32 | 73 | ' |
Pre-Tax Income (Loss) | 113 | 181 | -2,016 | 634 | ' |
Totals Assets | 4,053 | 6,890 | 4,053 | 6,890 | ' |
Capital Expenditures | ' | ' | 204 | 303 | ' |
Batu Hijau [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 152 | 170 | 347 | 482 | ' |
Costs Applicable to Sales | 133 | 116 | 663 | 301 | ' |
Amortization | 27 | 23 | 132 | 59 | ' |
Advanced Projects and Exploration | 2 | 8 | 13 | 22 | ' |
Pre-Tax Income (Loss) | -13 | 10 | -494 | 42 | ' |
Totals Assets | 3,423 | 3,662 | 3,423 | 3,662 | ' |
Capital Expenditures | ' | ' | 82 | 98 | ' |
Batu Hijau [Member] | Gold [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 16 | 24 | 42 | 76 | ' |
Costs Applicable to Sales | 11 | 17 | 81 | 47 | ' |
Amortization | 3 | 2 | 18 | 8 | ' |
Batu Hijau [Member] | Copper [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 136 | 146 | 305 | 406 | ' |
Costs Applicable to Sales | 122 | 99 | 582 | 254 | ' |
Amortization | 24 | 21 | 114 | 51 | ' |
Other Indonesia [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 | 0 | 0 | 0 | 0 | ' |
Pre-Tax Income (Loss) | 0 | -1 | 2 | 2 | ' |
Totals Assets | 3 | 5 | 3 | 5 | ' |
Indonesia [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 152 | 170 | 347 | 482 | ' |
Costs Applicable to Sales | 133 | 116 | 663 | 301 | ' |
Amortization | 27 | 23 | 132 | 59 | ' |
Advanced Projects and Exploration | 2 | 8 | 13 | 22 | ' |
Pre-Tax Income (Loss) | -13 | 9 | -492 | 44 | ' |
Totals Assets | 3,426 | 3,667 | 3,426 | 3,667 | ' |
Capital Expenditures | ' | ' | 82 | 98 | ' |
Ahafo [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 194 | 204 | 589 | 693 | ' |
Costs Applicable to Sales | 75 | 69 | 226 | 241 | ' |
Amortization | 19 | 18 | 56 | 58 | ' |
Advanced Projects and Exploration | 12 | 20 | 36 | 42 | ' |
Pre-Tax Income (Loss) | 80 | 98 | 255 | 348 | ' |
Totals Assets | 1,615 | 1,362 | 1,615 | 1,362 | ' |
Capital Expenditures | ' | ' | 139 | 176 | ' |
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 | 2 | 6 | 7 | 15 | ' |
Pre-Tax Income (Loss) | -3 | -6 | -10 | -16 | ' |
Totals Assets | 1,239 | 876 | 1,239 | 876 | ' |
Capital Expenditures | ' | ' | 209 | 305 | ' |
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 | 11 | 8 | ' |
Pre-Tax Income (Loss) | -20 | -4 | -31 | -8 | ' |
Totals Assets | 4 | 6 | 4 | 6 | ' |
Africa [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | 194 | 204 | 589 | 693 | ' |
Costs Applicable to Sales | 75 | 69 | 226 | 241 | ' |
Amortization | 19 | 18 | 56 | 58 | ' |
Advanced Projects and Exploration | 17 | 29 | 54 | 65 | ' |
Pre-Tax Income (Loss) | 57 | 88 | 214 | 324 | ' |
Totals Assets | 2,858 | 2,244 | 2,858 | 2,244 | ' |
Capital Expenditures | ' | ' | 348 | 481 | ' |
Corporate and Other [Member] | ' | ' | ' | ' | ' |
Financial Information of Newmont's Segments | ' | ' | ' | ' | ' |
Sales | ' | ' | 0 | 0 | ' |
Costs Applicable to Sales | ' | ' | 0 | 0 | ' |
Amortization | 5 | 4 | 17 | 13 | ' |
Advanced Projects and Exploration | 36 | 30 | 88 | 97 | ' |
Pre-Tax Income (Loss) | 108 | -160 | -226 | -563 | ' |
Totals Assets | 3,165 | 4,307 | 3,165 | 4,307 | ' |
Capital Expenditures | ' | ' | $7 | $22 | ' |
Reclamation_and_Remediation_De
Reclamation and Remediation (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Reclamation And Remediation Expenses [Abstract] | ' | ' | ' | ' | ' |
Reclamation | $3 | $0 | $3 | $0 | ' |
Accretion | ' | ' | 53 | 49 | ' |
Reclamation and remediation expense, total | 20 | 17 | 56 | 49 | ' |
Reconciliation of Reclamation and Remediation Liabilities | ' | ' | ' | ' | ' |
Balance at beginning of period | ' | ' | 1,539 | 1,240 | ' |
Additions, changes in estimates and other | ' | ' | 1 | 106 | ' |
Liabilities settled | ' | ' | -41 | -57 | ' |
Accretion | ' | ' | 53 | 49 | ' |
Balance at end of period | 1,552 | 1,338 | 1,552 | 1,338 | ' |
Reclamation And Remediation (Textuals) [Abstract] | ' | ' | ' | ' | ' |
Asset Retirement Obligation | 1,552 | 1,338 | 1,552 | 1,338 | ' |
Current portion of Reclamation and remediation liabilities | 73 | ' | 73 | ' | 82 |
Operating [Member] | ' | ' | ' | ' | ' |
Reclamation And Remediation Expenses [Abstract] | ' | ' | ' | ' | ' |
Accretion | 15 | 14 | 45 | 41 | ' |
Reconciliation of Reclamation and Remediation Liabilities | ' | ' | ' | ' | ' |
Balance at beginning of period | ' | ' | 1,341 | ' | ' |
Accretion | 15 | 14 | 45 | 41 | ' |
Balance at end of period | 1,371 | ' | 1,371 | ' | ' |
Reclamation And Remediation (Textuals) [Abstract] | ' | ' | ' | ' | ' |
Asset Retirement Obligation | 1,371 | ' | 1,371 | ' | ' |
Nonoperating [Member] | ' | ' | ' | ' | ' |
Reclamation And Remediation Expenses [Abstract] | ' | ' | ' | ' | ' |
Accretion | 2 | 3 | 8 | 8 | ' |
Reconciliation of Reclamation and Remediation Liabilities | ' | ' | ' | ' | ' |
Balance at beginning of period | ' | ' | 198 | ' | ' |
Accretion | 2 | 3 | 8 | 8 | ' |
Balance at end of period | 181 | ' | 181 | ' | ' |
Reclamation And Remediation (Textuals) [Abstract] | ' | ' | ' | ' | ' |
Asset Retirement Obligation | $181 | ' | $181 | ' | ' |
Writedowns_Details
Write-downs (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Write-downs [Line Items] | ' | ' | ' | ' | ' |
Write-downs | $3 | $0 | $2,265 | $0 | ' |
Goodwill | 132 | ' | 132 | ' | 188 |
Property Plant And Mine Development [Member] | ' | ' | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' | ' | ' |
Write-downs | 3 | ' | 2,178 | ' | ' |
Property Plant And Mine Development [Member] | Yanacocha [Member] | ' | ' | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' | ' | ' |
Write-downs | 2 | ' | 3 | ' | ' |
Property Plant And Mine Development [Member] | Boddington [Member] | ' | ' | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' | ' | ' |
Write-downs | ' | ' | 2,107 | ' | ' |
Property Plant And Mine Development [Member] | Other Australia New Zealand [Member] | ' | ' | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' | ' | ' |
Write-downs | 1 | ' | 67 | ' | ' |
Property Plant And Mine Development [Member] | Batu Hijau [Member] | ' | ' | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' | ' | ' |
Write-downs | ' | ' | 1 | ' | ' |
Other Noncurrent Assets [Member] | ' | ' | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' | ' | ' |
Write-downs | ' | ' | 87 | ' | ' |
Other Noncurrent Assets [Member] | Boddington [Member] | ' | ' | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' | ' | ' |
Write-downs | ' | ' | 31 | ' | ' |
Other Noncurrent Assets [Member] | Other Australia New Zealand [Member] | ' | ' | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' | ' | ' |
Write-downs | ' | ' | $56 | ' | ' |
Other_Expense_Net_Details
Other Expense, Net (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Other Expense, Net | ' | ' | ' | ' |
Transaction costs | $0 | $0 | $45 | $12 |
Regional administration | 12 | 22 | 48 | 72 |
Restructuring and other | 20 | 48 | 50 | 48 |
Community development | 42 | 18 | 72 | 69 |
Western Australia power plant | 3 | 5 | 14 | 13 |
Hope Bay care and maintenance | 0 | 27 | -2 | 129 |
Other | 7 | 11 | 33 | 34 |
Other expense, total | $84 | $131 | $260 | $377 |
Other_Income_Net_Details
Other Income, Net (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Other Income, Net | ' | ' | ' | ' |
Gain on sale of investments, net | $280 | ' | $280 | ' |
Foreign currency exchange, net | 19 | -1 | 56 | -4 |
Refinery income, net | 20 | 20 | 27 | 27 |
Canadian Oil Sands | ' | 11 | 21 | 31 |
Interest | 4 | 2 | 10 | 9 |
Development projects, net | 1 | 16 | 9 | 49 |
Gain on asset sales, net | 1 | 2 | 2 | 12 |
Reduction of allowance for loan receivable | ' | ' | ' | 21 |
Impairment of marketable securities | -41 | -7 | -52 | -39 |
Other | 6 | 9 | 13 | 15 |
Total | $290 | $52 | $366 | $121 |
Income_and_Mining_Taxes_Detail
Income and Mining Taxes (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income And Mining Taxes (Textuals) [Abstract] | ' | ' | ' | ' |
Estimated Income and mining tax expense | $154 | $228 | $10 | $746 |
Effective tax rate | 26.00% | 32.00% | -1.00% | 32.00% |
Total unrecognized tax benefit | ' | ' | 376 | ' |
Unrecognized tax benefit, if recognized | 33 | ' | 33 | ' |
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Lower Bound | 5 | ' | 5 | ' |
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound | 10 | ' | 10 | ' |
Income Tax Reconciliation [Abstract] | ' | ' | ' | ' |
Income before income and mining tax and other items | 580 | 717 | -1,505 | 2,310 |
Tax on income at statutory rate | 35.00% | 35.00% | 35.00% | 35.00% |
Percentage depletion | -1.00% | -7.00% | 7.00% | -7.00% |
Change in valuation allowance on deferred tax assets | 1.00% | 3.00% | -47.00% | 3.00% |
Tax planning on sale of Canadian Oil Sands | -11.00% | ' | 4.00% | ' |
Other | 2.00% | 1.00% | 0.00% | 1.00% |
Income and mining tax expense | 26.00% | 32.00% | -1.00% | 32.00% |
Tax at statutory rate | 203 | 251 | -527 | 809 |
Percentage depletion | -6 | -53 | -99 | -161 |
Change in valuation allowance on deferred tax assets | 7 | 19 | 698 | 65 |
Tax planning on sale of Canadian Oil Sands | -61 | ' | -61 | ' |
Other | 11 | 11 | -1 | 33 |
Income and mining tax expense | $154 | $228 | $10 | $746 |
Discontinued_Operations_Detail
Discontinued Operations (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Discontinued Operations Details [Abstract] | ' | ' | ' | ' |
Income (loss) from discontinued operations | ($21) | ($33) | $53 | ($104) |
Loss from discontinued operations, income tax benefit | 10 | 2 | -24 | 6 |
Net operating cash used in discontinued operations | ' | ' | ($14) | ($12) |
Net_Income_Attributable_to_Non2
Net Income Attributable to Noncontrolling Interests (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Minority Interest [Line Items] | ' | ' | ' | ' |
Net income attributable to noncontrolling interests | ($2) | $80 | ($172) | $285 |
Minera Yanacocha [Member] | ' | ' | ' | ' |
Minority Interest [Line Items] | ' | ' | ' | ' |
Net income attributable to noncontrolling interests | 6 | 73 | 89 | 268 |
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract) | ' | ' | ' | ' |
Ownership/Economic interest in subsidiaries | 51.35% | ' | 51.35% | ' |
Batu Hijau [Member] | ' | ' | ' | ' |
Minority Interest [Line Items] | ' | ' | ' | ' |
Net income attributable to noncontrolling interests | -10 | 3 | -251 | 11 |
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract) | ' | ' | ' | ' |
Ownership/Economic interest in subsidiaries | 48.50% | ' | 48.50% | ' |
TMAC [Member] | ' | ' | ' | ' |
Minority Interest [Line Items] | ' | ' | ' | ' |
Net income attributable to noncontrolling interests | -3 | ' | -17 | ' |
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract) | ' | ' | ' | ' |
Ownership/Economic interest in subsidiaries | 70.40% | ' | 70.40% | ' |
Other Noncontrolling Interest [Member] | ' | ' | ' | ' |
Minority Interest [Line Items] | ' | ' | ' | ' |
Net income attributable to noncontrolling interests | $5 | $4 | $7 | $6 |
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% | ' |
Income_Per_Common_Share_Detail
Income Per Common Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Share data in Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Earnings per share reconciliation [Abstract] | ' | ' | ' | ' |
Continuing operations | $429,000,000 | $400,000,000 | ($1,349,000,000) | $1,240,000,000 |
Discontinued operations | -21,000,000 | -33,000,000 | 53,000,000 | -104,000,000 |
Net income attributable to Newmont stockholders | 408,000,000 | 367,000,000 | -1,296,000,000 | 1,136,000,000 |
Weighted average common shares (millions): | ' | ' | ' | ' |
Basic | 498 | 496 | 497 | 496 |
Effect of employee stock-based awards | ' | 1 | ' | 1 |
Effect of convertible notes | ' | 2 | ' | 3 |
Diluted | 498 | 499 | 497 | 500 |
Income (loss) per common share, basic | ' | ' | ' | ' |
Continuing operations | $0.86 | $0.81 | ($2.72) | $2.50 |
Discontinued operations | ($0.04) | ($0.07) | $0.11 | ($0.21) |
Income per common share, basic | $0.82 | $0.74 | ($2.61) | $2.29 |
Income (loss) per common share, diluted | ' | ' | ' | ' |
Continuing operations | $0.86 | $0.81 | ($2.72) | $2.48 |
Discontinued operations | ($0.04) | ($0.07) | $0.11 | ($0.21) |
Income per common share, diluted | $0.82 | $0.74 | ($2.61) | $2.27 |
Income Per Common Share (Textuals) Abstract | ' | ' | ' | ' |
Anti-dilutive shares - stock options | ' | ' | 3 | 2 |
Options to purchase common shares average exercise price | ' | ' | $48 | $57 |
Company In Loss Position [Member] | ' | ' | ' | ' |
Income Per Common Share (Textuals) Abstract | ' | ' | ' | ' |
Anti-dilutive shares - stock options | ' | ' | 1 | ' |
Employee_Pension_and_Other_Ben2
Employee Pension and Other Benefit Plans (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Employee Related Benefits [Line Items] | ' | ' | ' | ' |
Defined Benefit Plan Effect Of Plan Amendment On Accumulated Benefit Obligation | $165 | ' | $165 | ' |
Defined Benefit Plan Effect Of Plan Amendment On Accumulated Benefit Obligation Net Of Tax | 107 | ' | 107 | ' |
Discount Rate | 5.25% | ' | 5.25% | ' |
Other benefit costs [Member] | ' | ' | ' | ' |
Employee Related Benefits [Line Items] | ' | ' | ' | ' |
Service cost | 1 | 1 | 3 | 2 |
Interest cost | 1 | 1 | 4 | 4 |
Pension benefit costs, net | 2 | 2 | 7 | 6 |
Pension benefit costs [Member] | ' | ' | ' | ' |
Employee Related Benefits [Line Items] | ' | ' | ' | ' |
Service cost | 9 | 7 | 27 | 22 |
Interest cost | 11 | 10 | 31 | 31 |
Expected return on plan assets | -12 | -11 | -37 | -33 |
Amortization, net | 8 | 6 | 26 | 20 |
Settlements | 5 | ' | 5 | ' |
Pension benefit costs, net | $21 | $12 | $52 | $40 |
Stock_Based_Compensation_Detai
Stock Based Compensation (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Stock Option and Other Stock Based Compensation | ' | ' | ' | ' |
Share-based Compensation | $15 | $15 | $43 | $40 |
Stock options [Member] | ' | ' | ' | ' |
Stock Option and Other Stock Based Compensation | ' | ' | ' | ' |
Share-based Compensation | 2 | 4 | 7 | 11 |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' | ' |
Stock Option and Other Stock Based Compensation | ' | ' | ' | ' |
Share-based Compensation | 8 | 8 | 24 | 19 |
Performance leveraged stock units [Member] | ' | ' | ' | ' |
Stock Option and Other Stock Based Compensation | ' | ' | ' | ' |
Share-based Compensation | 2 | 2 | 6 | 8 |
Strategic stock units [Member] | ' | ' | ' | ' |
Stock Option and Other Stock Based Compensation | ' | ' | ' | ' |
Share-based Compensation | $3 | $1 | $6 | $2 |
Fair_Value_Accounting_Details
Fair Value Accounting (Details) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
USD ($) | USD ($) | Discounted Cash Flow [Member] | Boddington Contingent Consideration [Member] | Boddington Contingent Consideration [Member] | Holt Property Royalty [Member] | Holt Property Royalty [Member] | Foreign exchange forward contracts [Member] | Diesel forward contracts [Member] | Extractive industries [Member] | Other Industries [Member] | Asset Backed Commercial Paper [Member] | Asset Backed Commercial Paper [Member] | Asset Backed Commercial Paper [Member] | Corporate Debt Securities [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | Trade receivable from provisional copper and gold concentrate sales, net [Member] | Long Term Gold Price [Member] | Long Term Gold Price [Member] | Long Term Gold Price [Member] | Long Term Gold Price [Member] | Long Term Gold Price [Member] | Long Term Copper Price [Member] | Long Term Copper Price [Member] | Long Term Copper Price [Member] | Long Term Copper Price [Member] | Long Term Exchange Rate [Member] | Long Term Exchange Rate [Member] | Cost Of Capital [Member] | Cost Of Capital [Member] | Cost Of Capital [Member] | Level 1 [Member] | Level 1 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | |
Fair Value Measurements Nonrecurring [Member] | USD ($) | Monte Carlo [Member] | USD ($) | Monte Carlo [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | USD ($) | USD ($) | Discounted Cash Flow [Member] | USD ($) | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Boddington Contingent Consideration [Member] | Holt Property Royalty [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Boddington Contingent Consideration [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | USD ($) | Extractive industries [Member] | Other Industries [Member] | Trade receivable from provisional copper and gold concentrate sales, net [Member] | USD ($) | Foreign exchange forward contracts [Member] | Diesel forward contracts [Member] | USD ($) | Assets [Member] | Liability [Member] | Boddington Contingent Consideration [Member] | Boddington Contingent Consideration [Member] | Holt Property Royalty [Member] | Holt Property Royalty [Member] | Asset Backed Commercial Paper [Member] | Asset Backed Commercial Paper [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | |||
Property Plant And Mine Development [Member] | Weighted Average [Member] | Minimum [Member] | Maximum [Member] | Weighted Average [Member] | Fair Value Measurements Nonrecurring [Member] | Fair Value Measurements Nonrecurring [Member] | Fair Value Measurements Nonrecurring [Member] | Monte Carlo [Member] | Monte Carlo [Member] | Fair Value Measurements Nonrecurring [Member] | Fair Value Measurements Nonrecurring [Member] | Fair Value Measurements Nonrecurring [Member] | Monte Carlo [Member] | Fair Value Measurements Nonrecurring [Member] | Fair Value Measurements Nonrecurring [Member] | Fair Value Measurements Nonrecurring [Member] | Fair Value Measurements Nonrecurring [Member] | Fair Value Measurements Nonrecurring [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Liability [Member] | USD ($) | Liability [Member] | USD ($) | Assets [Member] | USD ($) | Assets [Member] | |||||||||||||||||
AUD | Property Plant And Mine Development [Member] | Goodwill [Member] | Intangible Assets [Member] | USD ($) | USD ($) | Property Plant And Mine Development [Member] | Goodwill [Member] | Intangible Assets [Member] | USD ($) | Goodwill [Member] | Intangible Assets [Member] | Property Plant And Mine Development [Member] | Goodwill [Member] | Intangible Assets [Member] | USD ($) | USD ($) | USD ($) | USD ($) | ||||||||||||||||||||||||||||||||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | AUD | AUD | |||||||||||||||||||||||||||||||||||||||||||
Assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash equivalents | $113,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $113,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Marketable securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 479,000,000 | 4,000,000 | 22,000,000 | ' | ' | 12,000,000 | 4,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 479,000,000 | 4,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22,000,000 | ' | 4,000,000 | ' |
Trade receivable, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 122,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 122,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets | 756,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 718,000,000 | ' | ' | ' | 12,000,000 | ' | ' | 26,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative instruments, net | ' | ' | ' | ' | ' | ' | ' | 80,000,000 | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80,000,000 | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contingent consideration | ' | ' | ' | 28,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28,000,000 | ' | ' | ' | ' | ' | ' | ' |
Royalty | ' | ' | ' | ' | ' | 149,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 149,000,000 | ' | ' | ' | ' | ' |
Liabilities | 258,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 81,000,000 | ' | ' | 177,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Accounting (Textuals) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets measured at fair value hierarchy, percent | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liabilities measured at fair value hierarchy, percent | 69.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Boddington contingent royalty cap | ' | ' | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Boddington contingent consideration liability | 0 | 26,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Inputs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Inputs Recoverability Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 72 | 88 | ' | ' | 58 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Inputs, Discount Rate | ' | ' | ' | ' | 5.00% | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.25% | 3.75% | 4.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Inputs Long Term Gold Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Inputs Long Term Copper Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 3 | 3 | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Inputs Long Term Exchange Rate | ' | ' | 0.935 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.935 | 0.935 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in the Fair Value of the Company's Level 3 Financial Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at beginning of period, assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,000,000 | ' | ' | ' | ' | ' | ' | 19,000,000 | ' | 5,000,000 |
Unrealized loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | -1,000,000 |
Settlements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28,000,000 | ' | 13,000,000 | ' | 15,000,000 | ' | ' | ' | ' |
Revaluation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,000,000 | -76,000,000 | ' | ' | ' | -76,000,000 | ' | 3,000,000 | ' | ' |
Balance at end of period, assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 26,000,000 | ' | ' | ' | ' | ' | ' | 22,000,000 | ' | 4,000,000 |
Changes in the Fair Value of the Company's Level 3 Financial Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at beginning of period, liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 281,000,000 | ' | 41,000,000 | ' | 240,000,000 | ' | ' | ' | ' |
Settlements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -28,000,000 | ' | -13,000,000 | ' | -15,000,000 | ' | ' | ' | ' |
Revaluation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,000,000 | -76,000,000 | ' | ' | ' | -76,000,000 | ' | 3,000,000 | ' | ' |
Balance at end of period, liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $177,000,000 | ' | $28,000,000 | ' | $149,000,000 | ' | ' | ' | ' |
Derivative_Instruments_Details
Derivative Instruments (Details) | 1 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||||
Oct. 25, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Oct. 25, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
USD ($) | USD ($) | USD ($) | AUD | Commodity Contracts [Member] | Commodity Contracts [Member] | Commodity Contracts [Member] | Commodity Contracts [Member] | Commodity Contracts [Member] | Commodity Contracts [Member] | Forward Starting Swap Contracts [Member] | Forward Starting Swap Contracts [Member] | Forward Starting Swap Contracts [Member] | Forward Starting Swap Contracts [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Expected Maturity Date Year 2013 [Member] | Expected Maturity Date Year 2013 [Member] | Expected Maturity Date Year 2013 [Member] | Expected Maturity Date Year 2013 [Member] | Expected Maturity Date Year 2013 [Member] | Expected Maturity Date Year 2014 [Member] | Expected Maturity Date Year 2014 [Member] | Expected Maturity Date Year 2014 [Member] | Expected Maturity Date Year 2014 [Member] | Expected Maturity Date Year 2014 [Member] | Expected Maturity Date Year 2015 [Member] | Expected Maturity Date Year 2015 [Member] | Expected Maturity Date Year 2015 [Member] | Expected Maturity Date Year 2015 [Member] | Expected Maturity Date Year 2015 [Member] | Expected Maturity Date Year 2016 [Member] | Expected Maturity Date Year 2016 [Member] | Expected Maturity Date Year 2016 [Member] | Expected Maturity Date Year 2017 [Member] | Expected Maturity Date Year 2017 [Member] | Expected Maturity Date Year 2018 [Member] | Gold [Member] | Gold [Member] | Copper [Member] | Copper [Member] | |
USD ($) | USD ($) | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | USD ($) | USD ($) | USD ($) | USD ($) | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Commodity Contracts [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Commodity Contracts [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Commodity Contracts [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Commodity Contracts [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | USD ($) | USD ($) | USD ($) | USD ($) | |||||
gal | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | AUD | AUD | AUD | NZD | NZD | NZD | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | oz | oz | lb | lb | ||||||||||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | AUD | AUD | NZD | NZD | USD ($) | AUD | AUD | NZD | NZD | USD ($) | AUD | AUD | NZD | NZD | USD ($) | AUD | AUD | AUD | AUD | AUD | |||||||||||||||||||||||||
gal | USD ($) | USD ($) | gal | USD ($) | USD ($) | gal | USD ($) | USD ($) | gal | USD ($) | USD ($) | USD ($) | |||||||||||||||||||||||||||||||||||||
Foreign Currency Derivatives | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,000,000,000 | ' | $2,000,000,000 | ' | ' | ' | ' | ' | ' | 3,170,000,000 | ' | ' | 95,000,000 | ' | ' | ' | 323,000,000 | ' | 22,000,000 | ' | ' | 1,118,000,000 | ' | 59,000,000 | ' | ' | 848,000,000 | ' | 14,000,000 | ' | ' | 564,000,000 | ' | 273,000,000 | $44,000,000 | ' | ' | ' | ' |
Average rate | ' | ' | ' | ' | 2.84 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.93 | ' | ' | 0.8 | ' | ' | 2.9 | 0.95 | ' | 0.8 | ' | 2.87 | 0.93 | ' | 0.8 | ' | 2.77 | 0.92 | ' | 0.77 | ' | 2.69 | 0.92 | ' | 0.91 | ' | 0.89 | ' | ' | ' | ' |
Expected hedge ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70.00% | 87.00% | 87.00% | 73.00% | 73.00% | 62.00% | 71.00% | 71.00% | 54.00% | 54.00% | 33.00% | 55.00% | 55.00% | 16.00% | 16.00% | 10.00% | 37.00% | 37.00% | 18.00% | 18.00% | 7.00% | ' | ' | ' | ' |
Description of discontinued foreign currency cash flow hedges | ' | 'In order to reduce derivative exposure to a lower Australian dollar, in October 2013 the Company began closing out certain foreign currency contracts. As of October 25, 2013 the Company settled approximately A$2,100 in notional contracts for a net gain of approximately $46. These gains will be held in Other Comprehensive Income “OCI” as the hedged transactions, A$ denominated operating costs, are still probable of occurring over the original time period. The amount deferred in OCI will be recognized in earnings over a period of five years as the original hedge transactions occur. From time to time and depending upon business considerations and market conditions, the Company may consider closing out additional Australian dollar hedging contracts, or conversely, may enter into new Australian dollar hedging contracts. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional Amount Of Foreign Currency Contracts To Be Settled | ' | ' | ' | 2,100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on settlement of foreign currency contracts | 46,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Diesel Derivative Contracts Outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Diesel gallons | ' | ' | ' | ' | 47,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,000,000 | ' | ' | ' | ' | 24,000,000 | ' | ' | ' | ' | 13,000,000 | ' | ' | ' | ' | 3,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Average rate | ' | ' | ' | ' | 2.84 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.93 | ' | ' | 0.8 | ' | ' | 2.9 | 0.95 | ' | 0.8 | ' | 2.87 | 0.93 | ' | 0.8 | ' | 2.77 | 0.92 | ' | 0.77 | ' | 2.69 | 0.92 | ' | 0.91 | ' | 0.89 | ' | ' | ' | ' |
Expected hedge ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70.00% | 87.00% | 87.00% | 73.00% | 73.00% | 62.00% | 71.00% | 71.00% | 54.00% | 54.00% | 33.00% | 55.00% | 55.00% | 16.00% | 16.00% | 10.00% | 37.00% | 37.00% | 18.00% | 18.00% | 7.00% | ' | ' | ' | ' |
Forward Starting Swap Contracts [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000,000 | ' | 2,000,000,000 | ' | ' | ' | ' | ' | ' | 3,170,000,000 | ' | ' | 95,000,000 | ' | ' | ' | 323,000,000 | ' | 22,000,000 | ' | ' | 1,118,000,000 | ' | 59,000,000 | ' | ' | 848,000,000 | ' | 14,000,000 | ' | ' | 564,000,000 | ' | 273,000,000 | 44,000,000 | ' | ' | ' | ' |
Forward Starting Swaps Gross Settlement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 362,000,000 | ' | 362,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Forward starting swaps, net of ineffectiveness settlement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 349,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair values of Derivative Instruments Designated as Hedges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Current Assets | ' | 29,000,000 | 112,000,000 | ' | 1,000,000 | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 26,000,000 | ' | 108,000,000 | 2,000,000 | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Long-Term Assets | ' | 18,000,000 | 144,000,000 | ' | 0 | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18,000,000 | ' | 143,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Current Liabilities | ' | 43,000,000 | 1,000,000 | ' | 1,000,000 | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 42,000,000 | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Long-Term Liabilities | ' | 85,000,000 | 2,000,000 | ' | 1,000,000 | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 84,000,000 | ' | 1,000,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Location and Amount of Gains (Losses) Reported in Condensed Consolidated Financial Statements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain recognized in other comprehensive income (loss) (effective portion) | ' | ' | ' | ' | ' | ' | 3,000,000 | 14,000,000 | -1,000,000 | 10,000,000 | ' | ' | ' | 36,000,000 | 77,000,000 | 70,000,000 | -291,000,000 | 156,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (loss) reclassified from Accumulated other comprehensive income into income (loss) (effective portion) | ' | ' | ' | ' | ' | ' | 1,000,000 | 2,000,000 | 1,000,000 | 6,000,000 | -5,000,000 | -3,000,000 | -14,000,000 | -7,000,000 | 8,000,000 | 40,000,000 | 68,000,000 | 125,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (loss) recognized in income (ineffective portion) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Approximate gain amount to be reclassified from accumulated other comprehensive income, net of tax to income | ' | 22,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provisional Copper and Gold Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Average price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,326 | 1,456 | 3.21 | 3.35 |
Recorded average provisional price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,330 | 1,452 | 3.16 | 3.3 |
Provisional pricing mark-to-market gain (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $9,000,000 | ($13,000,000) | $14,000,000 | ($10,000,000) |
Provisional pricing mark-to-market gain (loss) rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6 | -3 | 0.25 | -0.06 |
Provisional pricing quantity sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | 50,000 | 59,000,000 | 59,000,000 |
Average price, subject to final pricing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,327 | 1,327 | 3.31 | 3.31 |
Investments_Details
Investments (Details) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 0 Months Ended | |||||||||||||||||||||||||||||||||||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Jul. 08, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 |
Novo Resources Corp [Member] | Current [Member] | Current [Member] | Long-term [Member] | Long-term [Member] | Long-term [Member] | Long-term [Member] | Long-term [Member] | Marketable Equity Securities [Member] | Marketable Equity Securities [Member] | Marketable Equity Securities [Member] | Marketable Equity Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Paladin Energy Ltd [Member] | Paladin Energy Ltd [Member] | Paladin Energy Ltd [Member] | Other | Other | Other | Other | Asset Backed Commercial Paper [Member] | Asset Backed Commercial Paper [Member] | Asset Backed Commercial Paper [Member] | Asset Backed Commercial Paper [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | Auction Rate Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Canadian Oil Sands Ltd [Member] | Canadian Oil Sands Ltd [Member] | Gabriel Resources Ltd [Member] | Gabriel Resources Ltd [Member] | Regis Resources Ltd [Member] | Regis Resources Ltd [Member] | ||||||
Minera La Zanja S.R.L [Member] | Minera La Zanja S.R.L [Member] | Novo Resources Corp [Member] | Long-term [Member] | Long-term [Member] | Long-term [Member] | Long-term [Member] | Current [Member] | Current [Member] | Current [Member] | Current [Member] | Long-term [Member] | Long-term [Member] | Long-term [Member] | Long-term [Member] | Long-term [Member] | Long-term [Member] | Long-term [Member] | Long-term [Member] | Long-term [Member] | Current [Member] | Long-term [Member] | Long-term [Member] | Long-term [Member] | ||||||||||||||||||||
Investment in Marketable Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost/Equity Basis | ' | ' | ' | ' | ' | ' | $124 | $77 | $349 | $728 | ' | ' | ' | ' | ' | $196 | $605 | $43 | $46 | ' | $24 | $60 | $25 | $17 | $30 | $51 | ' | ' | $23 | $25 | ' | ' | $7 | $7 | ' | $13 | $14 | ' | $310 | $75 | $78 | $166 | $166 |
Unrealized Gain | ' | ' | ' | ' | ' | ' | 4 | 14 | 200 | 726 | ' | ' | ' | ' | ' | 200 | 726 | ' | ' | ' | ' | ' | 4 | 14 | 2 | 14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 318 | ' | 42 | 198 | 352 |
Unrealized Loss | ' | ' | ' | ' | ' | ' | -37 | -5 | -9 | -8 | ' | ' | ' | ' | ' | -4 | ' | -5 | -8 | ' | ' | -3 | -4 | -2 | -4 | ' | ' | ' | -1 | -6 | ' | ' | -3 | -2 | ' | -1 | ' | ' | ' | -33 | ' | ' | ' |
Fair/Equity Basis - Current Marketable Equity Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24 | 57 | 25 | 29 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 42 | ' | ' | ' |
Fair/Equity Basis - Long-Term Marketable Debt Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 38 | 38 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22 | 19 | ' | ' | 4 | 5 | ' | 12 | 14 | ' | ' | ' | ' | ' | ' |
Fair/Equity Basis - Long-Term Marketable Equity Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 392 | 1,331 | ' | ' | ' | ' | ' | ' | ' | 28 | 65 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 628 | ' | 120 | 364 | 518 |
Current Investments | 91 | ' | 91 | ' | 86 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Investments, at Cost | ' | ' | ' | ' | ' | ' | ' | ' | 13 | 12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 81 | 65 | 16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-Term Investments | 540 | ' | 540 | ' | 1,446 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value Abstract | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Securities continuous unrealized losses less than 12 months - fair value | 85 | ' | 85 | ' | 79 | ' | ' | ' | ' | ' | ' | ' | ' | 73 | 79 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12 | ' | ' | ' | ' | ' | ' | ' | ' |
Securities continuous unrealized losses greater than 12 months - fair value | 26 | ' | 26 | ' | 24 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22 | 19 | ' | ' | 4 | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Securities continuous unrealized losses - fair value | 111 | ' | 111 | ' | 103 | ' | ' | ' | ' | ' | ' | ' | ' | 73 | 79 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22 | 19 | ' | ' | 4 | 5 | ' | ' | 12 | ' | ' | ' | ' | ' | ' | ' | ' |
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Abstract | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized Loss Less than 12 Months | 42 | ' | 42 | ' | 5 | ' | ' | ' | ' | ' | ' | ' | ' | 41 | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized Loss 12 Months or Greater | 4 | ' | 4 | ' | 8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 6 | ' | ' | 3 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Unrealized Loss | 46 | ' | 46 | ' | 13 | ' | ' | ' | ' | ' | ' | ' | ' | 41 | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 6 | ' | ' | 3 | 2 | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' |
Investments (Textuals) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | 35.70% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment Aggregate Cost | ' | ' | ' | ' | ' | 16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds From Sale Of Available For Sale Securities Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 587 | ' | ' | ' | ' | ' |
Gain on sale of investments, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 280 | ' | ' | ' | ' | ' |
Impairment of marketable securities | $41 | $7 | $52 | $39 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $36 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Inventories_Details
Inventories (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
In Millions, unless otherwise specified | Costs Applicable to Sales [Member] | Amortization [Member] | Boddington [Member] | Batu Hijau [Member] | Other Australia New Zealand [Member] | Nevada [Member] | ||
Summary Of Inventories [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
In-process | $102 | $143 | ' | ' | ' | ' | ' | ' |
Concentrate | 140 | 152 | ' | ' | ' | ' | ' | ' |
Precious metals | 34 | 31 | ' | ' | ' | ' | ' | ' |
Materials, supplies and other | 517 | 470 | ' | ' | ' | ' | ' | ' |
Total Inventories | 793 | 796 | ' | ' | ' | ' | ' | ' |
Aggregate write-downs | ' | ' | $13 | $3 | $7 | $7 | $1 | $1 |
Stockpiles_and_Ore_on_Leach_Pa2
Stockpiles and Ore on Leach Pads (Details) (USD $) | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' |
Current stockpiles and ore on leach pads | $794 | ' | $786 |
Long-term stockpiles and ore on leach pads | 2,851 | ' | 2,896 |
Total stockpiles and ore on leach pads | 3,645 | ' | 3,682 |
Aggregate write-downs | ' | 27 | ' |
Costs Applicable to Sales [Member] | ' | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' |
Aggregate write-downs | 611 | ' | ' |
Amortization [Member] | ' | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' |
Aggregate write-downs | 146 | ' | ' |
Nevada [Member] | ' | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' |
Total stockpiles and ore on leach pads | 897 | ' | 699 |
Aggregate write-downs | 4 | ' | ' |
La Herradura [Member] | ' | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' |
Total stockpiles and ore on leach pads | 70 | ' | 57 |
Yanacocha [Member] | ' | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' |
Total stockpiles and ore on leach pads | 520 | ' | 498 |
Aggregate write-downs | 104 | 4 | ' |
Boddington [Member] | ' | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' |
Total stockpiles and ore on leach pads | 375 | ' | 474 |
Aggregate write-downs | 133 | ' | ' |
Other Australia New Zealand [Member] | ' | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' |
Total stockpiles and ore on leach pads | 125 | ' | 173 |
Aggregate write-downs | 54 | 23 | ' |
Batu Hijau [Member] | ' | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' |
Total stockpiles and ore on leach pads | 1,368 | ' | 1,543 |
Aggregate write-downs | 462 | ' | ' |
Ahafo [Member] | ' | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' |
Total stockpiles and ore on leach pads | 274 | ' | 235 |
Akyem [Member] | ' | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' |
Total stockpiles and ore on leach pads | 16 | ' | 3 |
Stockpiles [Member] | ' | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' |
Current stockpiles and ore on leach pads | 544 | ' | 602 |
Long-term stockpiles and ore on leach pads | 2,602 | ' | 2,514 |
Ore On Leach Pads [Member] | ' | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' |
Current stockpiles and ore on leach pads | 250 | ' | 184 |
Long-term stockpiles and ore on leach pads | $249 | ' | $382 |
Other_Assets_Details
Other Assets (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Other current assets: | ' | ' |
Refinery metal inventory and receivable | $1,009 | $1,183 |
Prepaid assets | 232 | 213 |
Derivative instruments | 29 | 112 |
Restricted cash | 0 | 12 |
Other | 113 | 141 |
Other current assets, total | 1,383 | 1,661 |
Other long-term assets: | ' | ' |
Income tax receivable | 219 | 92 |
Goodwill | 132 | 188 |
Intangible assets | 101 | 136 |
Restricted cash | 95 | 90 |
Prepaid royalties | 80 | 78 |
Debt issuance costs | 65 | 73 |
Prepaid maintenance costs | 31 | 17 |
Derivative instruments | 18 | 144 |
Other | 86 | 54 |
Other long-term assets, total | $827 | $872 |
Debt_Details
Debt (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Debt | ' | ' |
Total Debt Current | $587 | $10 |
Total Debt Non-Current | 5,949 | 6,288 |
Debt (Textuals) | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Remainder of Fiscal Year | 27 | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Two | 565 | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Three | 11 | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Four | 11 | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Five | 857 | ' |
Long-term Debt, Maturities, Repayments of Principal after Year Five | 5,065 | ' |
BNP Paribas [Member] | ' | ' |
Debt (Textuals) | ' | ' |
Line Of Credit Facility Maximum Borrowing Capacity | 175 | ' |
Letters Of Credit Outstanding Amount | 153 | ' |
Current [Member] | ' | ' |
Debt | ' | ' |
Other | 23 | ' |
Non-current [Member] | ' | ' |
Debt | ' | ' |
Other | 3 | 4 |
Convertible Senior Notes Net Of Discount 2014 [Member] | Current [Member] | ' | ' |
Debt | ' | ' |
Convertible senior notes, net | 554 | ' |
Convertible Senior Notes Net Of Discount 2014 [Member] | Non-current [Member] | ' | ' |
Debt | ' | ' |
Convertible senior notes, net | 0 | 535 |
Convertible Senior Notes Net Of Discount 2017 [Member] | Non-current [Member] | ' | ' |
Debt | ' | ' |
Convertible senior notes, net | 486 | 471 |
Senior Notes Net Of Discount 2019 [Member] | Non-current [Member] | ' | ' |
Debt | ' | ' |
Senior notes, net | 897 | 897 |
Senior Notes Net of Discount 2022 [Member] | Non-current [Member] | ' | ' |
Debt | ' | ' |
Senior notes, net | 1,490 | 1,489 |
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 | 1,088 | 1,087 |
Senior Notes Net Of Discount 2042 [Member] | Non-current [Member] | ' | ' |
Debt | ' | ' |
Senior notes, net | 992 | 992 |
Ahafo Project Finance Facility [Member] | Current [Member] | ' | ' |
Debt | ' | ' |
Project Facility | 10 | 10 |
Ahafo Project Finance Facility [Member] | Non-current [Member] | ' | ' |
Debt | ' | ' |
Project Facility | 30 | 35 |
PTNNT [Member] | Non-current [Member] | ' | ' |
Debt | ' | ' |
Revolving credit facility | $365 | $180 |
Other_Liabilities_Details
Other Liabilities (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Other current liabilities: | ' | ' |
Refinery metal payable | $1,009 | $1,183 |
Accrued operating costs | 213 | 336 |
Accrued capital expenditures | 115 | 172 |
Interest | 82 | 74 |
Reclamation and remediation liabilities | 73 | 82 |
Deferred income tax | 66 | 65 |
Derivative instruments | 43 | 1 |
Royalties | 34 | 42 |
Holt property royalty | 16 | 21 |
Boddington contingent consideration liability | 0 | 26 |
Taxes other than income and mining | 7 | 14 |
Other | 54 | 68 |
Other current liabilities, total | 1,712 | 2,084 |
Other long-term liabilities: | ' | ' |
Holt property royalty | 133 | 219 |
Derivative instruments | 85 | 2 |
Income and mining taxes | 72 | 65 |
Power supply agreements | 41 | 46 |
Boddington contingent consideration | 28 | 15 |
Deferred income tax from discontinued operations | 24 | 0 |
Other | 46 | 25 |
Other long-term liabilities, total | $429 | $372 |
Changes_in_Equity_Details
Changes in Equity (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Changes in Equity | ' | ' | ' | ' |
Beginning Balance | ' | ' | $16,948 | ' |
Net income attributable to Newmont stockholders | 408 | 367 | -1,296 | 1,136 |
Net loss (income) attributable to noncontrolling interests | 2 | -80 | 172 | -285 |
Conversion premium on convertible notes | ' | ' | 0 | ' |
Other comprehensive income | 17 | 235 | -545 | -56 |
Ending Balance | 14,542 | 16,516 | 14,542 | 16,516 |
Common Stock [Member] | ' | ' | ' | ' |
Changes in Equity | ' | ' | ' | ' |
Beginning Balance | ' | ' | 787 | 784 |
Stock based awards | ' | ' | 2 | 2 |
Ending Balance | 789 | 786 | 789 | 786 |
Additional paid-in capital [Member] | ' | ' | ' | ' |
Changes in Equity | ' | ' | ' | ' |
Beginning Balance | ' | ' | 8,330 | 8,408 |
Stock based awards | ' | ' | 61 | 71 |
Conversion premium on convertible notes | ' | ' | ' | -172 |
Sale of noncontrolling interests | 48 | ' | 48 | ' |
Ending Balance | 8,439 | 8,307 | 8,439 | 8,307 |
Accumulated other comprehensive income [Member] | ' | ' | ' | ' |
Changes in Equity | ' | ' | ' | ' |
Beginning Balance | ' | ' | 490 | 652 |
Other comprehensive income | ' | ' | -546 | -57 |
Ending Balance | -56 | 595 | -56 | 595 |
Retained earnings [Member] | ' | ' | ' | ' |
Changes in Equity | ' | ' | ' | ' |
Beginning Balance | ' | ' | 4,166 | 3,052 |
Net income attributable to Newmont stockholders | ' | ' | -1,296 | 1,136 |
Dividends paid | ' | ' | -509 | -521 |
Ending Balance | 2,361 | 3,667 | 2,361 | 3,667 |
Noncontrolling interests [Member] | ' | ' | ' | ' |
Changes in Equity | ' | ' | ' | ' |
Beginning Balance | ' | ' | 3,175 | 2,875 |
Net loss (income) attributable to noncontrolling interests | ' | ' | -172 | 285 |
Other comprehensive income | ' | ' | 1 | 1 |
Dividends paid | ' | ' | -2 | 0 |
Sale of noncontrolling interests | 7 | ' | 7 | ' |
Ending Balance | $3,009 | $3,161 | $3,009 | $3,161 |
Reclassifications_out_of_Accum2
Reclassifications out of Accumulated OCI (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Reclassification [Line Items] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance | ' | ' | $490 | ' |
Change in other comprehensive income (loss) before reclassifications | ' | ' | -330 | ' |
Reclassifications from accumulated other comprehensive income (loss) | -201 | ' | -216 | ' |
Net current-period other comprehensive income (loss) | ' | ' | -546 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance | -56 | ' | -56 | ' |
Marketable securities adjustments: Sale of marketable securities | -280 | ' | -280 | ' |
Marketable securities adjustments, gross of tax | -239 | ' | -228 | ' |
Unrealized gain on marketable securiteis, Net of tax | -202 | ' | ' | ' |
Pension liability adjustments: Amortization, net | 8 | ' | 26 | ' |
Pension liability adjustments, gross of tax | 8 | ' | 26 | ' |
Pension liability adjustments, Net of tax | 5 | ' | ' | ' |
Gain (loss) on hedge instruments, gross of tax | -4 | ' | -55 | ' |
Gain (loss) on hedge instruments, Net of tax | -4 | -24 | -39 | -83 |
Other Income [Member] | ' | ' | ' | ' |
Reclassification [Line Items] | ' | ' | ' | ' |
Marketable securities adjustments: Impairment of marketable securities | 41 | ' | 52 | ' |
Costs Applicable to Sales [Member] | Operating Cash Flow Hedges [Member] | ' | ' | ' | ' |
Reclassification [Line Items] | ' | ' | ' | ' |
Gain (loss) on hedge instruments: | -9 | ' | -88 | ' |
Interest Expense [Member] | Forward Starting Swap Hedges [Member] | ' | ' | ' | ' |
Reclassification [Line Items] | ' | ' | ' | ' |
Gain (loss) on hedge instruments: | 5 | ' | 14 | ' |
Amortization [Member] | Capital Cash Flow Hedges [Member] | ' | ' | ' | ' |
Reclassification [Line Items] | ' | ' | ' | ' |
Gain (loss) on hedge instruments: | ' | ' | 1 | ' |
Writedowns [Member] | Capital Cash Flow Hedges [Member] | ' | ' | ' | ' |
Reclassification [Line Items] | ' | ' | ' | ' |
Gain (loss) on hedge instruments: | ' | ' | 18 | ' |
Unrealized gain on marketable securities net [Member] | ' | ' | ' | ' |
Reclassification [Line Items] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance | ' | ' | 542 | ' |
Change in other comprehensive income (loss) before reclassifications | ' | ' | -219 | ' |
Reclassifications from accumulated other comprehensive income (loss) | ' | ' | -194 | ' |
Net current-period other comprehensive income (loss) | ' | ' | -413 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance | 129 | ' | 129 | ' |
Tax (expense) benefit | 37 | ' | 34 | ' |
Foreign Currency Translation Adjustments [Member] | ' | ' | ' | ' |
Reclassification [Line Items] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance | ' | ' | 177 | ' |
Change in other comprehensive income (loss) before reclassifications | ' | ' | -29 | ' |
Net current-period other comprehensive income (loss) | ' | ' | -29 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance | 148 | ' | 148 | ' |
Pension And Other Post Retirement Benefit Adjustments [Member] | ' | ' | ' | ' |
Reclassification [Line Items] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance | ' | ' | -276 | ' |
Change in other comprehensive income (loss) before reclassifications | ' | ' | 107 | ' |
Reclassifications from accumulated other comprehensive income (loss) | ' | ' | 17 | ' |
Net current-period other comprehensive income (loss) | ' | ' | 124 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance | -152 | ' | -152 | ' |
Tax (expense) benefit | -3 | ' | -9 | ' |
Changes In Fair Value Of Cash Flow Hedge Instruments [Member] | ' | ' | ' | ' |
Reclassification [Line Items] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance | ' | ' | 47 | ' |
Change in other comprehensive income (loss) before reclassifications | ' | ' | -189 | ' |
Reclassifications from accumulated other comprehensive income (loss) | ' | ' | -39 | ' |
Net current-period other comprehensive income (loss) | ' | ' | -228 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance | -181 | ' | -181 | ' |
Tax (expense) benefit | ' | ' | $16 | ' |
Net_Change_in_Operating_Assets2
Net Change in Operating Assets and Liabilities (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Decrease (increase) in operating assets: | ' | ' |
Trade and accounts receivable | $255 | ($7) |
Inventories, stockpiles and ore on leach pads | -609 | -603 |
EGR refinery assets | 166 | 177 |
Other assets | -52 | -81 |
Increase (decrease) in operating liabilities: | ' | ' |
Accounts payable and other accrued liabilities | -111 | -291 |
EGR refinery liabilities | -166 | -177 |
Reclamation liabilities | -41 | -57 |
Net change in operating assets and liabilities | ($558) | ($1,039) |
Condensed_Consolidating_Financ2
Condensed Consolidating Financial Statements (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Condensed Consolidating Statement of Income (Loss) | ' | ' | ' | ' | ' |
Sales | $1,983 | $2,480 | $6,153 | $7,392 | ' |
Costs and expenses | ' | ' | ' | ' | ' |
Costs applicable to sales | 1,036 | 1,088 | 3,733 | 3,107 | ' |
Amortization | 299 | 272 | 981 | 751 | ' |
Reclamation and remediation | 20 | 17 | 56 | 49 | ' |
Exploration | 60 | 115 | 195 | 309 | ' |
Advanced projects, research and development | 67 | 74 | 165 | 258 | ' |
General and administrative | 48 | 51 | 158 | 162 | ' |
Write-downs | 3 | 0 | 2,265 | 0 | ' |
Other expense, net | 84 | 131 | 260 | 377 | ' |
Total costs and expenses | 1,617 | 1,748 | 7,813 | 5,013 | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Other income, net | 290 | 52 | 366 | 121 | ' |
Interest expense, net | -76 | -67 | -211 | -190 | ' |
Total other income (expense) | 214 | -15 | 155 | -69 | ' |
Income before income and mining tax and other items | 580 | 717 | -1,505 | 2,310 | ' |
Income and mining tax expense | -154 | -228 | -10 | -746 | ' |
Equity income (loss) of affiliates | 1 | -9 | -6 | -39 | ' |
Income from continuing operations | 427 | 480 | -1,521 | 1,525 | ' |
Income (loss) from discontinued operations | -21 | -33 | 53 | -104 | ' |
Net income (loss) | 406 | 447 | -1,468 | 1,421 | ' |
Net loss (income) attributable to noncontrolling interests | 2 | -80 | 172 | -285 | ' |
Net income attributable to Newmont stockholders | 408 | 367 | -1,296 | 1,136 | ' |
Comprehensive income (loss) | 423 | 682 | -2,013 | 1,365 | ' |
Comprehensive income attributable to noncontrolling interests | ' | -81 | 171 | -286 | ' |
Comprehensive income attributable to Newmont stockholders | 423 | 601 | -1,842 | 1,079 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | 406 | 447 | -1,468 | 1,421 | ' |
Adjustments | ' | ' | 3,201 | 1,160 | ' |
Net change in operating assets and liabilities | ' | ' | -558 | -1,039 | ' |
Net cash provided from continuing operations | ' | ' | 1,175 | 1,542 | ' |
Net cash used in discontinued operations | ' | ' | -14 | -12 | ' |
Net cash provided from operations | ' | ' | 1,161 | 1,530 | ' |
Investing activities: | ' | ' | ' | ' | ' |
Additions to property, plant and mine development | ' | ' | -1,528 | -2,394 | ' |
Sale of marketable securities | ' | ' | 588 | 209 | ' |
Purchases of marketable securities | ' | ' | -1 | -209 | ' |
Acquisitions, net | ' | ' | -13 | -22 | ' |
Proceeds from sale of other assets | ' | ' | 55 | 13 | ' |
Other | ' | ' | -38 | -48 | ' |
Net cash used in investing activities | ' | ' | -937 | -2,451 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Proceeds from debt, net | ' | ' | 1,262 | 3,343 | ' |
Repayment of debt | ' | ' | -1,060 | -1,956 | ' |
Payment of conversion premium on debt | ' | ' | ' | -172 | ' |
Sale of noncontrolling interests | ' | ' | 32 | 0 | ' |
Acquisition of noncontrolling interests | ' | ' | -13 | 0 | ' |
Dividends paid to common stockholders | ' | ' | -509 | -521 | ' |
Dividends paid to noncontrolling interests | ' | ' | -2 | -3 | ' |
Proceeds from stock issuance, net | ' | ' | 2 | 20 | ' |
Other | ' | ' | -4 | -2 | ' |
Net cash used in financing activities of continuing operations | ' | ' | -292 | 709 | ' |
Effect of exchange rate changes on cash | ' | ' | -18 | 1 | ' |
Net change in cash and cash equivalents | ' | ' | -86 | -211 | ' |
Cash and cash equivalents at beginning of period | ' | ' | 1,561 | 1,760 | ' |
Cash and cash equivalents at end of period | 1,475 | 1,549 | 1,475 | 1,549 | ' |
Assets | ' | ' | ' | ' | ' |
Cash and cash equivalents | 1,475 | 1,549 | 1,475 | 1,549 | ' |
Trade receivables | 215 | ' | 215 | ' | 283 |
Accounts receivable | 257 | ' | 257 | ' | 577 |
Investments | 91 | ' | 91 | ' | 86 |
Inventories | 793 | ' | 793 | ' | 796 |
Stockpiles and ore on leach pads | 794 | ' | 794 | ' | 786 |
Deferred income tax assets | 213 | ' | 213 | ' | 195 |
Other current assets | 1,383 | ' | 1,383 | ' | 1,661 |
Current assets | 5,221 | ' | 5,221 | ' | 5,945 |
Property, plant and mine development, net | 16,322 | ' | 16,322 | ' | 18,010 |
Investments | 540 | ' | 540 | ' | 1,446 |
Stockpiles and ore on leach pads | 2,851 | ' | 2,851 | ' | 2,896 |
Deferred income tax assets | 1,038 | ' | 1,038 | ' | 481 |
Other long-term assets | 827 | ' | 827 | ' | 872 |
Total assets | 26,799 | 29,523 | 26,799 | 29,523 | 29,650 |
Liabilities | ' | ' | ' | ' | ' |
Debt | 587 | ' | 587 | ' | 10 |
Accounts payable | 545 | ' | 545 | ' | 657 |
Employee-related benefits | 316 | ' | 316 | ' | 339 |
Income and mining taxes | 98 | ' | 98 | ' | 51 |
Other current liabilities | 1,712 | ' | 1,712 | ' | 2,084 |
Current liabilities | 3,258 | ' | 3,258 | ' | 3,141 |
Debt | 5,949 | ' | 5,949 | ' | 6,288 |
Reclamation and remediation liabilities | 1,479 | ' | 1,479 | ' | 1,457 |
Deferred income tax liabilities | 758 | ' | 758 | ' | 858 |
Employee-related benefits | 384 | ' | 384 | ' | 586 |
Other long-term liabilities | 429 | ' | 429 | ' | 372 |
Total liabilities | 12,257 | ' | 12,257 | ' | 12,702 |
Equity | ' | ' | ' | ' | ' |
Newmont stockholders' equity | 11,533 | ' | 11,533 | ' | 13,773 |
Noncontrolling interests | 3,009 | ' | 3,009 | ' | 3,175 |
Total equity | 14,542 | 16,516 | 14,542 | 16,516 | 16,948 |
Total liabilities and equity | 26,799 | ' | 26,799 | ' | 29,650 |
Eliminations [Member] | ' | ' | ' | ' | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Interest income-intercompany | -44 | -50 | -151 | -143 | ' |
Interest expense-intercompany | 44 | 50 | 151 | 143 | ' |
Equity income (loss) of affiliates | -375 | -424 | 1,753 | -1,740 | ' |
Income from continuing operations | -375 | -424 | 1,753 | -1,740 | ' |
Net income (loss) | -375 | -424 | 1,753 | -1,740 | ' |
Net loss (income) attributable to noncontrolling interests | 6 | 23 | -80 | 88 | ' |
Net income attributable to Newmont stockholders | -369 | -401 | 1,673 | -1,652 | ' |
Comprehensive income (loss) | -391 | -719 | 2,401 | -1,711 | ' |
Comprehensive income attributable to noncontrolling interests | 5 | 23 | -81 | 88 | ' |
Comprehensive income attributable to Newmont stockholders | -386 | -696 | 2,320 | -1,623 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | -375 | -424 | 1,753 | -1,740 | ' |
Adjustments | ' | ' | -1,758 | 1,735 | ' |
Net cash provided from continuing operations | ' | ' | -5 | -5 | ' |
Net cash provided from operations | ' | ' | -5 | -5 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Net intercompany borrowings (repayments) | ' | ' | -3 | -4 | ' |
Dividends paid to common stockholders | ' | ' | 5 | 5 | ' |
Dividends paid to noncontrolling interests | ' | ' | 3 | 4 | ' |
Net cash used in financing activities of continuing operations | ' | ' | 5 | 5 | ' |
Assets | ' | ' | ' | ' | ' |
Intercompany receivable | -11,126 | ' | -11,126 | ' | -13,049 |
Deferred income tax assets | ' | ' | ' | ' | -67 |
Current assets | -11,126 | ' | -11,126 | ' | -13,116 |
Property, plant and mine development, net | -43 | ' | -43 | ' | -37 |
Investments in subsidiaries | -23,415 | ' | -23,415 | ' | -25,218 |
Deferred income tax assets | -1,213 | ' | -1,213 | ' | -1,141 |
Long-term intercompany receivable | -3,600 | ' | -3,600 | ' | -4,516 |
Total assets | -39,397 | ' | -39,397 | ' | -44,028 |
Liabilities | ' | ' | ' | ' | ' |
Intercompany payable | -11,126 | ' | -11,126 | ' | -13,049 |
Current liabilities | -11,126 | ' | -11,126 | ' | -13,049 |
Deferred income tax liabilities | -1,213 | ' | -1,213 | ' | -1,206 |
Long-term intercompany payable | -3,643 | ' | -3,643 | ' | -4,553 |
Total liabilities | -15,982 | ' | -15,982 | ' | -18,808 |
Equity | ' | ' | ' | ' | ' |
Newmont stockholders' equity | -21,605 | ' | -21,605 | ' | -23,348 |
Noncontrolling interests | -1,810 | ' | -1,810 | ' | -1,872 |
Total equity | -23,415 | ' | -23,415 | ' | -25,220 |
Total liabilities and equity | -39,397 | ' | -39,397 | ' | -44,028 |
Scenario Previously Reported [Member] | Eliminations [Member] | ' | ' | ' | ' | ' |
Costs and expenses | ' | ' | ' | ' | ' |
Advanced projects, research and development | ' | -1 | ' | ' | ' |
Other expense, net | ' | 1 | ' | ' | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Interest income-intercompany | ' | -50 | ' | -143 | ' |
Interest expense-intercompany | ' | 50 | ' | 143 | ' |
Equity income (loss) of affiliates | ' | -426 | ' | -1,359 | ' |
Income from continuing operations | ' | -426 | ' | -1,359 | ' |
Net income (loss) | ' | -426 | ' | -1,359 | ' |
Net loss (income) attributable to noncontrolling interests | ' | 23 | ' | 88 | ' |
Net income attributable to Newmont stockholders | ' | -403 | ' | -1,271 | ' |
Comprehensive income (loss) | ' | -715 | ' | -1,357 | ' |
Comprehensive income attributable to noncontrolling interests | ' | 23 | ' | 88 | ' |
Comprehensive income attributable to Newmont stockholders | ' | -692 | ' | -1,269 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | ' | -426 | ' | -1,359 | ' |
Adjustments | ' | ' | ' | 1,359 | ' |
Change | Eliminations [Member] | ' | ' | ' | ' | ' |
Costs and expenses | ' | ' | ' | ' | ' |
Advanced projects, research and development | ' | 1 | ' | ' | ' |
Other expense, net | ' | -1 | ' | ' | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Equity income (loss) of affiliates | ' | -25 | ' | -511 | ' |
Income from continuing operations | ' | -25 | ' | -511 | ' |
Net income (loss) | ' | -25 | ' | -511 | ' |
Net income attributable to Newmont stockholders | ' | -25 | ' | -511 | ' |
Comprehensive income (loss) | ' | -31 | ' | -484 | ' |
Comprehensive income attributable to Newmont stockholders | ' | -31 | ' | -484 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | ' | -25 | ' | -511 | ' |
Adjustments | ' | ' | ' | 505 | ' |
Net cash provided from continuing operations | ' | ' | ' | -5 | ' |
Net cash provided from operations | ' | ' | ' | -5 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Net borrowings (repayments) | ' | ' | ' | 4 | ' |
Dividends paid to common stockholders | ' | ' | ' | 5 | ' |
Dividends paid to noncontrolling interests | ' | ' | ' | 4 | ' |
Net cash used in financing activities of continuing operations | ' | ' | ' | 5 | ' |
Subsidiary Merger [Member] | Eliminations [Member] | ' | ' | ' | ' | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Equity income (loss) of affiliates | ' | 27 | ' | 130 | ' |
Income from continuing operations | ' | 27 | ' | 130 | ' |
Net income (loss) | ' | 27 | ' | 130 | ' |
Net income attributable to Newmont stockholders | ' | 27 | ' | 130 | ' |
Comprehensive income (loss) | ' | 27 | ' | 130 | ' |
Comprehensive income attributable to Newmont stockholders | ' | 27 | ' | 130 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | ' | 27 | ' | 130 | ' |
Adjustments | ' | ' | ' | -129 | ' |
Newmont Mining Corporation [Member] | ' | ' | ' | ' | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Other income, net | -12 | ' | -10 | 2 | ' |
Interest income-intercompany | 31 | 46 | 113 | 125 | ' |
Interest expense-intercompany | -2 | -3 | -8 | -11 | ' |
Interest expense, net | -78 | -67 | -211 | -186 | ' |
Total other income (expense) | -61 | -24 | -116 | -70 | ' |
Income before income and mining tax and other items | -61 | -24 | -116 | -70 | ' |
Income and mining tax expense | 21 | 8 | 40 | 24 | ' |
Equity income (loss) of affiliates | 448 | 383 | -1,220 | 1,182 | ' |
Income from continuing operations | 408 | 367 | -1,296 | 1,136 | ' |
Net income (loss) | 408 | 367 | -1,296 | 1,136 | ' |
Net income attributable to Newmont stockholders | 408 | 367 | -1,296 | 1,136 | ' |
Comprehensive income (loss) | 423 | 601 | -1,842 | 1,079 | ' |
Comprehensive income attributable to Newmont stockholders | 423 | 601 | -1,842 | 1,079 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | 408 | 367 | -1,296 | 1,136 | ' |
Adjustments | ' | ' | 1,306 | -1,131 | ' |
Net change in operating assets and liabilities | ' | ' | -12 | 163 | ' |
Net cash provided from continuing operations | ' | ' | -2 | 168 | ' |
Net cash provided from operations | ' | ' | -2 | 168 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Proceeds from debt, net | ' | ' | 939 | 3,345 | ' |
Repayment of debt | ' | ' | -939 | -1,802 | ' |
Payment of conversion premium on debt | ' | ' | ' | -172 | ' |
Net intercompany borrowings (repayments) | ' | ' | 509 | -1,038 | ' |
Dividends paid to common stockholders | ' | ' | -509 | -521 | ' |
Proceeds from stock issuance, net | ' | ' | 2 | 20 | ' |
Net cash used in financing activities of continuing operations | ' | ' | 2 | -168 | ' |
Assets | ' | ' | ' | ' | ' |
Accounts receivable | 18 | ' | 18 | ' | 20 |
Intercompany receivable | 1,291 | ' | 1,291 | ' | 2,748 |
Investments | 24 | ' | 24 | ' | 58 |
Deferred income tax assets | 3 | ' | 3 | ' | ' |
Current assets | 1,336 | ' | 1,336 | ' | 2,826 |
Investments in subsidiaries | 15,313 | ' | 15,313 | ' | 16,599 |
Deferred income tax assets | 1,162 | ' | 1,162 | ' | 791 |
Long-term intercompany receivable | 3,197 | ' | 3,197 | ' | 3,907 |
Other long-term assets | 46 | ' | 46 | ' | 52 |
Total assets | 21,054 | ' | 21,054 | ' | 24,175 |
Liabilities | ' | ' | ' | ' | ' |
Debt | 554 | ' | 554 | ' | ' |
Intercompany payable | 3,251 | ' | 3,251 | ' | 3,969 |
Other current liabilities | 79 | ' | 79 | ' | 71 |
Current liabilities | 3,884 | ' | 3,884 | ' | 4,040 |
Debt | 5,550 | ' | 5,550 | ' | 6,069 |
Employee-related benefits | 6 | ' | 6 | ' | 5 |
Long-term intercompany payable | 172 | ' | 172 | ' | 381 |
Total liabilities | 9,612 | ' | 9,612 | ' | 10,495 |
Equity | ' | ' | ' | ' | ' |
Newmont stockholders' equity | 11,442 | ' | 11,442 | ' | 13,680 |
Total equity | 11,442 | ' | 11,442 | ' | 13,680 |
Total liabilities and equity | 21,054 | ' | 21,054 | ' | 24,175 |
Newmont Mining Corporation [Member] | Scenario Previously Reported [Member] | ' | ' | ' | ' | ' |
Operating activities: | ' | ' | ' | ' | ' |
Adjustments | ' | ' | ' | 51 | ' |
Net change in operating assets and liabilities | ' | ' | ' | 163 | ' |
Net cash provided from continuing operations | ' | ' | ' | 1,350 | ' |
Net cash provided from operations | ' | ' | ' | 1,350 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Net borrowings (repayments) | ' | ' | ' | 1,543 | ' |
Payment of conversion premium on debt | ' | ' | ' | -172 | ' |
Net intercompany borrowings (repayments) | ' | ' | ' | -2,220 | ' |
Dividends paid to common stockholders | ' | ' | ' | -521 | ' |
Proceeds from stock issuance, net | ' | ' | ' | 20 | ' |
Net cash used in financing activities of continuing operations | ' | ' | ' | -1,350 | ' |
Newmont Mining Corporation [Member] | Change | ' | ' | ' | ' | ' |
Operating activities: | ' | ' | ' | ' | ' |
Adjustments | ' | ' | ' | -1,182 | ' |
Net cash provided from continuing operations | ' | ' | ' | -1,182 | ' |
Net cash provided from operations | ' | ' | ' | -1,182 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Net intercompany borrowings (repayments) | ' | ' | ' | 1,182 | ' |
Net cash used in financing activities of continuing operations | ' | ' | ' | 1,182 | ' |
Newmont USA [Member] | ' | ' | ' | ' | ' |
Condensed Consolidating Statement of Income (Loss) | ' | ' | ' | ' | ' |
Sales | 587 | 681 | 1,635 | 1,867 | ' |
Costs and expenses | ' | ' | ' | ' | ' |
Costs applicable to sales | 229 | 245 | 725 | 745 | ' |
Amortization | 50 | 53 | 146 | 134 | ' |
Reclamation and remediation | 2 | 3 | 6 | 8 | ' |
Exploration | 10 | 31 | 38 | 74 | ' |
Advanced projects, research and development | 14 | 11 | 37 | 33 | ' |
General and administrative | 23 | 40 | 77 | 105 | ' |
Other expense, net | 21 | 19 | 51 | 36 | ' |
Total costs and expenses | 349 | 402 | 1,080 | 1,135 | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Other income, net | 2 | 11 | 11 | 23 | ' |
Interest income-intercompany | 7 | 10 | 22 | 24 | ' |
Interest expense, net | -1 | -3 | -7 | -6 | ' |
Total other income (expense) | 8 | 18 | 26 | 41 | ' |
Income before income and mining tax and other items | 246 | 297 | 581 | 773 | ' |
Income and mining tax expense | -46 | -82 | -167 | -210 | ' |
Equity income (loss) of affiliates | -92 | -8 | -439 | 362 | ' |
Income from continuing operations | 108 | 207 | -25 | 925 | ' |
Net income (loss) | 108 | 207 | -25 | 925 | ' |
Net income attributable to Newmont stockholders | 108 | 207 | -25 | 925 | ' |
Comprehensive income (loss) | 218 | 224 | 77 | 915 | ' |
Comprehensive income attributable to Newmont stockholders | 218 | 224 | 77 | 915 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | 108 | 207 | -25 | 925 | ' |
Adjustments | ' | ' | 819 | -125 | ' |
Net change in operating assets and liabilities | ' | ' | -331 | -410 | ' |
Net cash provided from continuing operations | ' | ' | 463 | 390 | ' |
Net cash provided from operations | ' | ' | 463 | 390 | ' |
Investing activities: | ' | ' | ' | ' | ' |
Additions to property, plant and mine development | ' | ' | -330 | -469 | ' |
Sale of marketable securities | ' | ' | ' | 209 | ' |
Purchases of marketable securities | ' | ' | ' | -209 | ' |
Net cash used in investing activities | ' | ' | -330 | -469 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Repayment of debt | ' | ' | ' | -150 | ' |
Net intercompany borrowings (repayments) | ' | ' | -290 | 475 | ' |
Other | ' | ' | ' | -1 | ' |
Net cash used in financing activities of continuing operations | ' | ' | -290 | 324 | ' |
Net change in cash and cash equivalents | ' | ' | -157 | 245 | ' |
Cash and cash equivalents at beginning of period | ' | ' | 342 | 10 | ' |
Cash and cash equivalents at end of period | 185 | 255 | 185 | 255 | ' |
Assets | ' | ' | ' | ' | ' |
Cash and cash equivalents | 185 | 255 | 185 | 255 | ' |
Trade receivables | 87 | ' | 87 | ' | 57 |
Accounts receivable | 3 | ' | 3 | ' | 10 |
Intercompany receivable | 6,718 | ' | 6,718 | ' | 6,276 |
Investments | 1 | ' | 1 | ' | 7 |
Inventories | 156 | ' | 156 | ' | 147 |
Stockpiles and ore on leach pads | 389 | ' | 389 | ' | 245 |
Deferred income tax assets | 145 | ' | 145 | ' | 109 |
Other current assets | 88 | ' | 88 | ' | 48 |
Current assets | 7,772 | ' | 7,772 | ' | 7,241 |
Property, plant and mine development, net | 3,025 | ' | 3,025 | ' | 2,869 |
Investments | 7 | ' | 7 | ' | 6 |
Investments in subsidiaries | 5,051 | ' | 5,051 | ' | 5,504 |
Stockpiles and ore on leach pads | 503 | ' | 503 | ' | 448 |
Deferred income tax assets | 266 | ' | 266 | ' | 146 |
Long-term intercompany receivable | 53 | ' | 53 | ' | 45 |
Other long-term assets | 187 | ' | 187 | ' | 172 |
Total assets | 16,864 | ' | 16,864 | ' | 16,431 |
Liabilities | ' | ' | ' | ' | ' |
Accounts payable | 69 | ' | 69 | ' | 97 |
Intercompany payable | 5,741 | ' | 5,741 | ' | 5,192 |
Employee-related benefits | 150 | ' | 150 | ' | 149 |
Income and mining taxes | 22 | ' | 22 | ' | 16 |
Other current liabilities | 156 | ' | 156 | ' | 175 |
Current liabilities | 6,138 | ' | 6,138 | ' | 5,629 |
Debt | 1 | ' | 1 | ' | 1 |
Reclamation and remediation liabilities | 186 | ' | 186 | ' | 183 |
Deferred income tax liabilities | 35 | ' | 35 | ' | 24 |
Employee-related benefits | 201 | ' | 201 | ' | 385 |
Other long-term liabilities | 21 | ' | 21 | ' | 13 |
Total liabilities | 6,582 | ' | 6,582 | ' | 6,235 |
Equity | ' | ' | ' | ' | ' |
Newmont stockholders' equity | 10,282 | ' | 10,282 | ' | 10,196 |
Total equity | 10,282 | ' | 10,282 | ' | 10,196 |
Total liabilities and equity | 16,864 | ' | 16,864 | ' | 16,431 |
Newmont USA [Member] | Scenario Previously Reported [Member] | ' | ' | ' | ' | ' |
Condensed Consolidating Statement of Income (Loss) | ' | ' | ' | ' | ' |
Sales | ' | 1,577 | ' | 4,577 | ' |
Costs and expenses | ' | ' | ' | ' | ' |
Costs applicable to sales | ' | 623 | ' | 1,736 | ' |
Amortization | ' | 174 | ' | 439 | ' |
Reclamation and remediation | ' | 12 | ' | 35 | ' |
Exploration | ' | 72 | ' | 196 | ' |
Advanced projects, research and development | ' | 55 | ' | 207 | ' |
General and administrative | ' | 52 | ' | 160 | ' |
Other expense, net | ' | 72 | ' | 139 | ' |
Total costs and expenses | ' | 1,060 | ' | 2,912 | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Other income, net | ' | 16 | ' | 41 | ' |
Interest income-intercompany | ' | 4 | ' | 7 | ' |
Interest expense-intercompany | ' | ' | ' | -1 | ' |
Interest expense, net | ' | -7 | ' | -19 | ' |
Total other income (expense) | ' | 13 | ' | 28 | ' |
Income before income and mining tax and other items | ' | 530 | ' | 1,693 | ' |
Income and mining tax expense | ' | -245 | ' | -474 | ' |
Equity income (loss) of affiliates | ' | -6 | ' | -19 | ' |
Income from continuing operations | ' | 279 | ' | 1,200 | ' |
Income (loss) from discontinued operations | ' | 2 | ' | 6 | ' |
Net income (loss) | ' | 281 | ' | 1,206 | ' |
Net loss (income) attributable to noncontrolling interests | ' | -74 | ' | -281 | ' |
Net income attributable to Newmont stockholders | ' | 207 | ' | 925 | ' |
Comprehensive income (loss) | ' | 299 | ' | 1,197 | ' |
Comprehensive income attributable to noncontrolling interests | ' | -75 | ' | -282 | ' |
Comprehensive income attributable to Newmont stockholders | ' | 224 | ' | 915 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | ' | 281 | ' | 1,206 | ' |
Adjustments | ' | ' | ' | 530 | ' |
Net change in operating assets and liabilities | ' | ' | ' | -851 | ' |
Net cash provided from continuing operations | ' | ' | ' | 885 | ' |
Net cash provided from operations | ' | ' | ' | 885 | ' |
Investing activities: | ' | ' | ' | ' | ' |
Additions to property, plant and mine development | ' | ' | ' | -1,621 | ' |
Proceeds from sale of other assets | ' | ' | ' | 10 | ' |
Other | ' | ' | ' | -15 | ' |
Net cash used in investing activities | ' | ' | ' | -1,626 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Net borrowings (repayments) | ' | ' | ' | -151 | ' |
Net intercompany borrowings (repayments) | ' | ' | ' | 633 | ' |
Dividends paid to noncontrolling interests | ' | ' | ' | -3 | ' |
Net cash used in financing activities of continuing operations | ' | ' | ' | 479 | ' |
Effect of exchange rate changes on cash | ' | ' | ' | -2 | ' |
Net change in cash and cash equivalents | ' | ' | ' | -264 | ' |
Cash and cash equivalents at beginning of period | ' | ' | ' | 1,526 | ' |
Cash and cash equivalents at end of period | ' | 1,262 | ' | 1,262 | ' |
Assets | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | 1,262 | ' | 1,262 | ' |
Newmont USA [Member] | Change | ' | ' | ' | ' | ' |
Condensed Consolidating Statement of Income (Loss) | ' | ' | ' | ' | ' |
Sales | ' | -955 | ' | -2,906 | ' |
Costs and expenses | ' | ' | ' | ' | ' |
Costs applicable to sales | ' | -391 | ' | -1,016 | ' |
Amortization | ' | -128 | ' | -325 | ' |
Reclamation and remediation | ' | -10 | ' | -30 | ' |
Exploration | ' | -48 | ' | -134 | ' |
Advanced projects, research and development | ' | -46 | ' | -178 | ' |
General and administrative | ' | -12 | ' | -55 | ' |
Other expense, net | ' | -55 | ' | -105 | ' |
Total costs and expenses | ' | -690 | ' | -1,843 | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Other income, net | ' | -5 | ' | -18 | ' |
Interest income-intercompany | ' | 6 | ' | 17 | ' |
Interest expense-intercompany | ' | ' | ' | 1 | ' |
Interest expense, net | ' | 4 | ' | 13 | ' |
Total other income (expense) | ' | 5 | ' | 13 | ' |
Income before income and mining tax and other items | ' | -260 | ' | -1,050 | ' |
Income and mining tax expense | ' | 163 | ' | 264 | ' |
Equity income (loss) of affiliates | ' | 25 | ' | 511 | ' |
Income from continuing operations | ' | -72 | ' | -275 | ' |
Income (loss) from discontinued operations | ' | -2 | ' | -6 | ' |
Net income (loss) | ' | -74 | ' | -281 | ' |
Net loss (income) attributable to noncontrolling interests | ' | 74 | ' | 281 | ' |
Comprehensive income (loss) | ' | -75 | ' | -282 | ' |
Comprehensive income attributable to noncontrolling interests | ' | 75 | ' | 282 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | ' | -74 | ' | -281 | ' |
Adjustments | ' | ' | ' | -806 | ' |
Net change in operating assets and liabilities | ' | ' | ' | 499 | ' |
Net cash provided from continuing operations | ' | ' | ' | -588 | ' |
Net cash provided from operations | ' | ' | ' | -588 | ' |
Investing activities: | ' | ' | ' | ' | ' |
Additions to property, plant and mine development | ' | ' | ' | 1,241 | ' |
Sale of marketable securities | ' | ' | ' | 209 | ' |
Purchases of marketable securities | ' | ' | ' | -209 | ' |
Proceeds from sale of other assets | ' | ' | ' | -10 | ' |
Other | ' | ' | ' | 15 | ' |
Net cash used in investing activities | ' | ' | ' | 1,246 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Net borrowings (repayments) | ' | ' | ' | 1 | ' |
Net intercompany borrowings (repayments) | ' | ' | ' | -155 | ' |
Dividends paid to noncontrolling interests | ' | ' | ' | 3 | ' |
Net cash used in financing activities of continuing operations | ' | ' | ' | -151 | ' |
Effect of exchange rate changes on cash | ' | ' | ' | 2 | ' |
Net change in cash and cash equivalents | ' | ' | ' | 509 | ' |
Cash and cash equivalents at beginning of period | ' | ' | ' | -1,516 | ' |
Cash and cash equivalents at end of period | ' | -1,007 | ' | -1,007 | ' |
Assets | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | -1,007 | ' | -1,007 | ' |
Newmont USA [Member] | Subsidiary Merger [Member] | ' | ' | ' | ' | ' |
Condensed Consolidating Statement of Income (Loss) | ' | ' | ' | ' | ' |
Sales | ' | 59 | ' | 196 | ' |
Costs and expenses | ' | ' | ' | ' | ' |
Costs applicable to sales | ' | 13 | ' | 25 | ' |
Amortization | ' | 7 | ' | 20 | ' |
Reclamation and remediation | ' | 1 | ' | 3 | ' |
Exploration | ' | 7 | ' | 12 | ' |
Advanced projects, research and development | ' | 2 | ' | 4 | ' |
Other expense, net | ' | 2 | ' | 2 | ' |
Total costs and expenses | ' | 32 | ' | 66 | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Income before income and mining tax and other items | ' | 27 | ' | 130 | ' |
Equity income (loss) of affiliates | ' | -27 | ' | ' | ' |
Income from continuing operations | ' | ' | ' | -130 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Adjustments | ' | ' | ' | 151 | ' |
Net change in operating assets and liabilities | ' | ' | ' | -58 | ' |
Net cash provided from continuing operations | ' | ' | ' | 93 | ' |
Net cash provided from operations | ' | ' | ' | 93 | ' |
Investing activities: | ' | ' | ' | ' | ' |
Additions to property, plant and mine development | ' | ' | ' | -89 | ' |
Net cash used in investing activities | ' | ' | ' | -89 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Net borrowings (repayments) | ' | ' | ' | 3 | ' |
Other | ' | ' | ' | -1 | ' |
Net cash used in financing activities of continuing operations | ' | ' | ' | -4 | ' |
Other Subsidiaries [Member] | ' | ' | ' | ' | ' |
Condensed Consolidating Statement of Income (Loss) | ' | ' | ' | ' | ' |
Sales | 1,396 | 1,799 | 4,518 | 5,525 | ' |
Costs and expenses | ' | ' | ' | ' | ' |
Costs applicable to sales | 807 | 843 | 3,008 | 2,362 | ' |
Amortization | 249 | 219 | 835 | 617 | ' |
Reclamation and remediation | 18 | 14 | 50 | 41 | ' |
Exploration | 50 | 84 | 157 | 235 | ' |
Advanced projects, research and development | 53 | 63 | 128 | 225 | ' |
General and administrative | 25 | 11 | 81 | 57 | ' |
Write-downs | 3 | ' | 2,265 | ' | ' |
Other expense, net | 63 | 112 | 209 | 341 | ' |
Total costs and expenses | 1,268 | 1,346 | 6,733 | 3,878 | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Other income, net | 300 | 41 | 365 | 96 | ' |
Interest income-intercompany | 6 | -6 | 16 | -6 | ' |
Interest expense-intercompany | -42 | -47 | -143 | -132 | ' |
Interest expense, net | 3 | 3 | 7 | 2 | ' |
Total other income (expense) | 267 | -9 | 245 | -40 | ' |
Income before income and mining tax and other items | 395 | 444 | -1,970 | 1,607 | ' |
Income and mining tax expense | -129 | -154 | 117 | -560 | ' |
Equity income (loss) of affiliates | 20 | 40 | -100 | 157 | ' |
Income from continuing operations | 286 | 330 | -1,953 | 1,204 | ' |
Income (loss) from discontinued operations | -21 | -33 | 53 | -104 | ' |
Net income (loss) | 265 | 297 | -1,900 | 1,100 | ' |
Net loss (income) attributable to noncontrolling interests | -4 | -103 | 252 | -373 | ' |
Net income attributable to Newmont stockholders | 261 | 194 | -1,648 | 727 | ' |
Comprehensive income (loss) | 173 | 576 | -2,649 | 1,082 | ' |
Comprehensive income attributable to noncontrolling interests | -5 | -104 | 252 | -374 | ' |
Comprehensive income attributable to Newmont stockholders | 168 | 472 | -2,397 | 708 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | 265 | 297 | -1,900 | 1,100 | ' |
Adjustments | ' | ' | 2,834 | 681 | ' |
Net change in operating assets and liabilities | ' | ' | -215 | -792 | ' |
Net cash provided from continuing operations | ' | ' | 719 | 989 | ' |
Net cash used in discontinued operations | ' | ' | -14 | -12 | ' |
Net cash provided from operations | ' | ' | 705 | 977 | ' |
Investing activities: | ' | ' | ' | ' | ' |
Additions to property, plant and mine development | ' | ' | -1,198 | -1,925 | ' |
Sale of marketable securities | ' | ' | 588 | ' | ' |
Purchases of marketable securities | ' | ' | -1 | ' | ' |
Acquisitions, net | ' | ' | -13 | -22 | ' |
Proceeds from sale of other assets | ' | ' | 55 | 13 | ' |
Other | ' | ' | -38 | -48 | ' |
Net cash used in investing activities | ' | ' | -607 | -1,982 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Proceeds from debt, net | ' | ' | 323 | -2 | ' |
Repayment of debt | ' | ' | -121 | -4 | ' |
Net intercompany borrowings (repayments) | ' | ' | -216 | 567 | ' |
Sale of noncontrolling interests | ' | ' | 32 | ' | ' |
Acquisition of noncontrolling interests | ' | ' | -13 | ' | ' |
Dividends paid to common stockholders | ' | ' | -5 | -5 | ' |
Dividends paid to noncontrolling interests | ' | ' | -5 | -7 | ' |
Other | ' | ' | -4 | -1 | ' |
Net cash used in financing activities of continuing operations | ' | ' | -9 | 548 | ' |
Effect of exchange rate changes on cash | ' | ' | -18 | 1 | ' |
Net change in cash and cash equivalents | ' | ' | 71 | -456 | ' |
Cash and cash equivalents at beginning of period | ' | ' | 1,219 | 1,750 | ' |
Cash and cash equivalents at end of period | 1,290 | 1,294 | 1,290 | 1,294 | ' |
Assets | ' | ' | ' | ' | ' |
Cash and cash equivalents | 1,290 | 1,294 | 1,290 | 1,294 | ' |
Trade receivables | 128 | ' | 128 | ' | 226 |
Accounts receivable | 236 | ' | 236 | ' | 547 |
Intercompany receivable | 3,117 | ' | 3,117 | ' | 4,025 |
Investments | 66 | ' | 66 | ' | 21 |
Inventories | 637 | ' | 637 | ' | 649 |
Stockpiles and ore on leach pads | 405 | ' | 405 | ' | 541 |
Deferred income tax assets | 65 | ' | 65 | ' | 153 |
Other current assets | 1,295 | ' | 1,295 | ' | 1,613 |
Current assets | 7,239 | ' | 7,239 | ' | 8,994 |
Property, plant and mine development, net | 13,340 | ' | 13,340 | ' | 15,178 |
Investments | 533 | ' | 533 | ' | 1,440 |
Investments in subsidiaries | 3,051 | ' | 3,051 | ' | 3,115 |
Stockpiles and ore on leach pads | 2,348 | ' | 2,348 | ' | 2,448 |
Deferred income tax assets | 823 | ' | 823 | ' | 685 |
Long-term intercompany receivable | 350 | ' | 350 | ' | 564 |
Other long-term assets | 594 | ' | 594 | ' | 648 |
Total assets | 28,278 | ' | 28,278 | ' | 33,072 |
Liabilities | ' | ' | ' | ' | ' |
Debt | 33 | ' | 33 | ' | 10 |
Accounts payable | 476 | ' | 476 | ' | 560 |
Intercompany payable | 2,134 | ' | 2,134 | ' | 3,888 |
Employee-related benefits | 166 | ' | 166 | ' | 190 |
Income and mining taxes | 76 | ' | 76 | ' | 35 |
Other current liabilities | 1,477 | ' | 1,477 | ' | 1,838 |
Current liabilities | 4,362 | ' | 4,362 | ' | 6,521 |
Debt | 398 | ' | 398 | ' | 218 |
Reclamation and remediation liabilities | 1,293 | ' | 1,293 | ' | 1,274 |
Deferred income tax liabilities | 1,936 | ' | 1,936 | ' | 2,040 |
Employee-related benefits | 177 | ' | 177 | ' | 196 |
Long-term intercompany payable | 3,471 | ' | 3,471 | ' | 4,172 |
Other long-term liabilities | 408 | ' | 408 | ' | 359 |
Total liabilities | 12,045 | ' | 12,045 | ' | 14,780 |
Equity | ' | ' | ' | ' | ' |
Newmont stockholders' equity | 11,414 | ' | 11,414 | ' | 13,245 |
Noncontrolling interests | 4,819 | ' | 4,819 | ' | 5,047 |
Total equity | 16,233 | ' | 16,233 | ' | 18,292 |
Total liabilities and equity | 28,278 | ' | 28,278 | ' | 33,072 |
Other Subsidiaries [Member] | Scenario Previously Reported [Member] | ' | ' | ' | ' | ' |
Condensed Consolidating Statement of Income (Loss) | ' | ' | ' | ' | ' |
Sales | ' | 903 | ' | 2,815 | ' |
Costs and expenses | ' | ' | ' | ' | ' |
Costs applicable to sales | ' | 465 | ' | 1,371 | ' |
Amortization | ' | 98 | ' | 312 | ' |
Reclamation and remediation | ' | 5 | ' | 14 | ' |
Exploration | ' | 43 | ' | 113 | ' |
Advanced projects, research and development | ' | 20 | ' | 51 | ' |
General and administrative | ' | -1 | ' | 2 | ' |
Other expense, net | ' | 58 | ' | 238 | ' |
Total costs and expenses | ' | 688 | ' | 2,101 | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Other income, net | ' | 37 | ' | 78 | ' |
Interest income-intercompany | ' | ' | ' | 11 | ' |
Interest expense-intercompany | ' | -47 | ' | -131 | ' |
Interest expense, net | ' | 6 | ' | 15 | ' |
Total other income (expense) | ' | -4 | ' | -27 | ' |
Income before income and mining tax and other items | ' | 211 | ' | 687 | ' |
Income and mining tax expense | ' | 9 | ' | -296 | ' |
Equity income (loss) of affiliates | ' | 40 | ' | 157 | ' |
Income from continuing operations | ' | 260 | ' | 548 | ' |
Income (loss) from discontinued operations | ' | -35 | ' | -110 | ' |
Net income (loss) | ' | 225 | ' | 438 | ' |
Net loss (income) attributable to noncontrolling interests | ' | -29 | ' | -92 | ' |
Net income attributable to Newmont stockholders | ' | 196 | ' | 346 | ' |
Comprehensive income (loss) | ' | 497 | ' | 446 | ' |
Comprehensive income attributable to noncontrolling interests | ' | -29 | ' | -92 | ' |
Comprehensive income attributable to Newmont stockholders | ' | 468 | ' | 354 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | ' | 225 | ' | 438 | ' |
Adjustments | ' | ' | ' | -780 | ' |
Net change in operating assets and liabilities | ' | ' | ' | -351 | ' |
Net cash provided from continuing operations | ' | ' | ' | -693 | ' |
Net cash used in discontinued operations | ' | ' | ' | -12 | ' |
Net cash provided from operations | ' | ' | ' | -705 | ' |
Investing activities: | ' | ' | ' | ' | ' |
Additions to property, plant and mine development | ' | ' | ' | -773 | ' |
Sale of marketable securities | ' | ' | ' | 209 | ' |
Purchases of marketable securities | ' | ' | ' | -209 | ' |
Acquisitions, net | ' | ' | ' | -22 | ' |
Proceeds from sale of other assets | ' | ' | ' | 3 | ' |
Other | ' | ' | ' | -33 | ' |
Net cash used in investing activities | ' | ' | ' | -825 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Net borrowings (repayments) | ' | ' | ' | -5 | ' |
Net intercompany borrowings (repayments) | ' | ' | ' | 1,587 | ' |
Other | ' | ' | ' | -2 | ' |
Net cash used in financing activities of continuing operations | ' | ' | ' | 1,580 | ' |
Effect of exchange rate changes on cash | ' | ' | ' | 3 | ' |
Net change in cash and cash equivalents | ' | ' | ' | 53 | ' |
Cash and cash equivalents at beginning of period | ' | ' | ' | 234 | ' |
Cash and cash equivalents at end of period | ' | 287 | ' | 287 | ' |
Assets | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | 287 | ' | 287 | ' |
Other Subsidiaries [Member] | Change | ' | ' | ' | ' | ' |
Condensed Consolidating Statement of Income (Loss) | ' | ' | ' | ' | ' |
Sales | ' | 955 | ' | 2,906 | ' |
Costs and expenses | ' | ' | ' | ' | ' |
Costs applicable to sales | ' | 391 | ' | 1,016 | ' |
Amortization | ' | 128 | ' | 325 | ' |
Reclamation and remediation | ' | 10 | ' | 30 | ' |
Exploration | ' | 48 | ' | 134 | ' |
Advanced projects, research and development | ' | 45 | ' | 178 | ' |
General and administrative | ' | 12 | ' | 55 | ' |
Other expense, net | ' | 56 | ' | 105 | ' |
Total costs and expenses | ' | 690 | ' | 1,843 | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Other income, net | ' | 4 | ' | 18 | ' |
Interest income-intercompany | ' | -6 | ' | -17 | ' |
Interest expense-intercompany | ' | ' | ' | -1 | ' |
Interest expense, net | ' | -3 | ' | -13 | ' |
Total other income (expense) | ' | -5 | ' | -13 | ' |
Income before income and mining tax and other items | ' | 260 | ' | 1,050 | ' |
Income and mining tax expense | ' | -163 | ' | -264 | ' |
Income from continuing operations | ' | 97 | ' | 786 | ' |
Income (loss) from discontinued operations | ' | 2 | ' | 6 | ' |
Net income (loss) | ' | 99 | ' | 792 | ' |
Net loss (income) attributable to noncontrolling interests | ' | -74 | ' | -281 | ' |
Net income attributable to Newmont stockholders | ' | 25 | ' | 511 | ' |
Comprehensive income (loss) | ' | 106 | ' | 766 | ' |
Comprehensive income attributable to noncontrolling interests | ' | -75 | ' | -282 | ' |
Comprehensive income attributable to Newmont stockholders | ' | 31 | ' | 484 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | ' | 99 | ' | 792 | ' |
Adjustments | ' | ' | ' | 1,483 | ' |
Net change in operating assets and liabilities | ' | ' | ' | -499 | ' |
Net cash provided from continuing operations | ' | ' | ' | 1,775 | ' |
Net cash provided from operations | ' | ' | ' | 1,775 | ' |
Investing activities: | ' | ' | ' | ' | ' |
Additions to property, plant and mine development | ' | ' | ' | -1,241 | ' |
Sale of marketable securities | ' | ' | ' | -209 | ' |
Purchases of marketable securities | ' | ' | ' | 209 | ' |
Proceeds from sale of other assets | ' | ' | ' | 10 | ' |
Other | ' | ' | ' | -15 | ' |
Net cash used in investing activities | ' | ' | ' | -1,246 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Net borrowings (repayments) | ' | ' | ' | -1 | ' |
Net intercompany borrowings (repayments) | ' | ' | ' | -1,023 | ' |
Dividends paid to common stockholders | ' | ' | ' | -5 | ' |
Dividends paid to noncontrolling interests | ' | ' | ' | -7 | ' |
Net cash used in financing activities of continuing operations | ' | ' | ' | -1,036 | ' |
Effect of exchange rate changes on cash | ' | ' | ' | -2 | ' |
Net change in cash and cash equivalents | ' | ' | ' | -509 | ' |
Cash and cash equivalents at beginning of period | ' | ' | ' | 1,516 | ' |
Cash and cash equivalents at end of period | ' | 1,007 | ' | 1,007 | ' |
Assets | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | 1,007 | ' | 1,007 | ' |
Other Subsidiaries [Member] | Subsidiary Merger [Member] | ' | ' | ' | ' | ' |
Condensed Consolidating Statement of Income (Loss) | ' | ' | ' | ' | ' |
Sales | ' | -59 | ' | -196 | ' |
Costs and expenses | ' | ' | ' | ' | ' |
Costs applicable to sales | ' | -13 | ' | -25 | ' |
Amortization | ' | -7 | ' | -20 | ' |
Reclamation and remediation | ' | -1 | ' | -3 | ' |
Exploration | ' | -7 | ' | -12 | ' |
Advanced projects, research and development | ' | -2 | ' | -4 | ' |
Other expense, net | ' | -2 | ' | -2 | ' |
Total costs and expenses | ' | -32 | ' | -66 | ' |
Other income (expense) | ' | ' | ' | ' | ' |
Income before income and mining tax and other items | ' | -27 | ' | -130 | ' |
Income from continuing operations | ' | -27 | ' | -130 | ' |
Net income (loss) | ' | -27 | ' | -130 | ' |
Net income attributable to Newmont stockholders | ' | -27 | ' | -130 | ' |
Comprehensive income (loss) | ' | -27 | ' | -130 | ' |
Comprehensive income attributable to Newmont stockholders | ' | -27 | ' | -130 | ' |
Operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | ' | -27 | ' | -130 | ' |
Adjustments | ' | ' | ' | -22 | ' |
Net change in operating assets and liabilities | ' | ' | ' | 58 | ' |
Net cash provided from continuing operations | ' | ' | ' | -93 | ' |
Net cash provided from operations | ' | ' | ' | -93 | ' |
Investing activities: | ' | ' | ' | ' | ' |
Additions to property, plant and mine development | ' | ' | ' | 89 | ' |
Net cash used in investing activities | ' | ' | ' | 89 | ' |
Financing activities: | ' | ' | ' | ' | ' |
Net intercompany borrowings (repayments) | ' | ' | ' | 3 | ' |
Other | ' | ' | ' | 1 | ' |
Net cash used in financing activities of continuing operations | ' | ' | ' | $4 | ' |
Commitments_and_Contingencies_
Commitments and Contingencies (Details) | 9 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Mar. 31, 2010 | Mar. 31, 2009 | Mar. 31, 2008 | Mar. 31, 2007 | Mar. 31, 2006 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Mar. 31, 2010 | Mar. 31, 2009 | Mar. 31, 2008 | Mar. 31, 2007 | Mar. 31, 2006 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
USD ($) | USD ($) | Royalty Expense [Member] | Yanacocha [Member] | Yanacocha [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | La Herradura [Member] | NUSA [Member] | PTMDB [Member] | To PTPI From NIL NTMC [Member] | To PTPI From NIL NTMC [Member] | To PTPI From NIL NTMC [Member] | To PTPI From NIL NTMC [Member] | To PTPI From NIL NTMC [Member] | To PTPI From NIL NTMC [Member] | NWG Ownership In NewWest Gold [Member] | Jacob Safra Ownership In NWG [Member] | Fronteer Ownership In Aurora [Member] | PTPI [Member] | NWG Investments Inc [Member] | Hope Bay Mining Ltd [Member] | Fresnillo PLC [Member] | Minera Penmont [Member] | |
USD ($) | USD ($) | PEN | USD ($) | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | USD ($) | USD ($) | ||||||||||||||||
Commitments and Contingencies (Textuals) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Range of reclamation and remediation liabilities upper limit | 125.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Range of reclamation and remediation liabilities lower limit | 6.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ownership/Economic interest in subsidiaries | ' | ' | ' | 51.35% | 51.35% | 48.50% | ' | ' | ' | ' | ' | 44.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling interest, ownership percentage by noncontrolling owners | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 56.00% | ' |
Ross Adams US Forest Service expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimate of possible loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' |
Fine paid under protest for spill of elementary mercury | ' | ' | ' | 500,000 | 1,740,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency Number Of Plaintiffs | ' | ' | ' | 900 | 900 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5 |
Number of Settlement Agreements entered into by Yanacocha | 350 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Remaining plaintiffs in the Yanacocha matters | ' | ' | ' | 200 | 200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of complaints to nullify settlements | 23 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
OEFA penalty | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Yanacocha Administrative Actions Range Minimum | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Yanacocha Administrative Actions Range Maximum | ' | ' | ' | 69,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Letters of Credit Surety Bonds and Bank Guarantees, outstanding | 1,807,000,000 | 1,755,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Damages sought | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 750,000,000 | ' | ' | ' |
Minimum royalty obligation for remainder of current year | ' | ' | 45,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum royalty obligation in year two | ' | ' | 31,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum royalty obligation in year three | ' | ' | 31,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum royalty obligation in year four | ' | ' | 31,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum royatly obligation in year five | ' | ' | 31,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum royalty obligation thereafter | ' | ' | $363,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |