Newmont has a long history of optimizing its global operations and extending mine life. Case in point: 45 years of sustained production and reserve growth in Nevada. We originally projected our Nevada reserve at 9 million ounces over a mine life of 15 years; we have produced 50 million ounces to date and Nevada continues to grow through near-mine exploration, acquisition and continuous operational innovation.

We are applying decades of Newmont expertise to extend mine life elsewhere in our portfolio. Leveraging sulfide recovery techniques developed in Nevada’s Carlin Trend, we are in the process of transitioning Yanacocha in Peru into a copper/gold district and potentially extend the life of the mine as oxide resources deplete.

We are also optimizing mine production and adding value across the global portfolio through Newmont’s Business Excellence Program. Standardized procedures and best practices, process de-bottlenecking, adjustments to improve equipment performance – from Yanacocha to Batu Hijau, systematic application of 90 years of mining know-how and the latest process improvements are helping us increase throughput and generate cost efficiencies across our operating portfolio.

  • EXTENDING THE MINE-LIFE
    OF KEY ASSETS

  • Yanacocha
    Jundee
    Batu Hijau
    Ahafo

At Newmont, we are in the process of accelerating asset development across our global pipeline.

Conga in Peru, located just northeast of Yanacocha, is one of Newmont’s most compelling new projects. Conga’s current estimated potential is 15 to 20 million ounces of gold and 4 to 6 billion pounds of copper on a 100% basis, with production expected to commence in late 2014 or 2015. Our Akyem project in Ghana has a total mine life production potential estimated at 8 to 9 million ounces of gold. We plan to complete detailed engineering in early 2011 and expect first production in late 2013 or early 2014.

Among Newmont’s earlier-stage projects with significant promise are Elang in Indonesia and Hope Bay in Nunavut, Canada. Preliminary studies indicate Elang could represent gold and copper production potential that exceeds our nearby Batu Hijau mine – up to 25 million ounces of gold and 15 billion pounds of copper on a 100% basis for the mine’s life. Hope Bay sits on an 80-kilometer greenstone belt with significant exploration potential. Early-stage drilling identified approximately 90 targets; we have confirmed high-grade mineralization at the Doris site. Current potential is estimated at up to 10 million ounces.

  • DRIVING GROWTH POTENTIAL
    ACROSS OUR PORTFOLIO

  • Akyem
    Conga
    Gold Quarry West Wall
    Hope Bay
    Greater Leeville/Turf
    Subika Expansion

Newmont has aggressive plans for exploration in 2011 and beyond.

Near-mine exploration is the most cost-effective source of new reserve growth. We are pursuing underground potential in Ghana and Chaquicocha in Peru, and conducting wingspan drilling programs at Nevada’s Gold Quarry West Wall and Greater Leeville/Turf, among other sites globally. In Africa, our Subika expansion is an open-pit and underground development that represents an exciting opportunity to add to Ahafo production.

After evaluating more than 550 domains globally, we have significantly expanded our generative exploration efforts, establishing new programs in Papua New Guinea, Solomon Islands, Alaska and Haiti. We have identified several high-ranking target areas with district potential, doubling the number we had in 2008. Montagne in Haiti and Hides Creek in Papua New Guinea are two examples – both are copper-gold porphyries with properties similar to our Batu Hijau mine.

Relatively new gold discoveries include McPhillamys in New South Wales, Australia and Saramacca and Cassador in Suriname. Strong preliminary tests show multi-million-ounce target potential at Cassador.

  • GENERATIVE POTENTIAL

  • Montagne, Haiti
    Cassador, Suriname
    Saramacca, Suriname
    Hides Creek, Papua New Guinea

Building upon our leadership position in safety, sustainable development and community relations are essential to attaining social approval to develop and mine resources where we find them.

Two years ago we launched “Our Safety Journey,” a company-wide program for integrating safety into everything we do. In 2010, the company interviewed more than 15,000 employees and contractors to advance our goal of zero workplace-related illnesses, injuries and fatalities.

Our approach to sustainability includes viewing all business activities in terms of their impact on our workforce, society and the environment; considering future generations in our use of natural resources; integrating social responsibility into corporate governance; and partnering closely with government and all segments of society. We know that our success depends on our ability to create strong, open relationships with our communities – we’re now implementing our Community Relations Review, a roadmap for progress and leadership in this critical area.

We are being recognized for our efforts. In 2010, Newmont was ranked 16th overall on Corporate Responsibility Magazine’s 100 Best Corporate Citizens list and included for the fourth consecutive year in the Dow Jones Sustainability Index World.

  • ENVIRONMENTAL AND SOCIAL
    RESPONSIBILITY RECOGNITION

  • Dow Jones Sustainability Index World
    Four consecutive years
  • Corporate Responsibility Magazine’s
    100 Best Corporate Citizens
    Ranked 16th overall
  • ISO 14001 Certification
    100% of operating assets certified
  • Please go to www.beyondthemine.com
    for a detailed description of our environmental and social responsibility strategies, activities and performance.