The Board of Directors of Newmont Mining Corporation (the “Corporation”) has established an Environmental and Social Responsibility Committee (the “Committee”) in furtherance of its commitments to environmentally sound and socially responsible resource development.  The Committee will be comprised of at least three independent directors appointed by the Board.  In appointing members of the Committee, the Board will consider breadth of industry or relevant country experience and knowledge regarding sustainable development, environmental affairs, community relations and communications issues relating to the Corporation's operations.  The authority, structure, operations, purpose, responsibilities and specific duties of the Committee are described below:

Authority

The Board of Directors has granted the Committee the authority herein provided, as well as the authority to investigate any activity of the Corporation and its subsidiaries relating to sustainable development, environmental affairs, community relations and communications matters.  The Committee has been, and shall be, granted unrestricted access to all information and all employees have been, and shall be, directed to cooperate as requested by members of the Committee.  The Committee has the authority to retain, at the Corporation’s expense, persons having special competencies (including, without limitation, independent experts, consultants or advisors) to assist the Committee in fulfilling its responsibilities, including the sole authority to approve the fees and other terms of retention of such persons.

Structure and Operations

Committee members shall serve until their successors shall be duly designated and qualified.  Any member may be removed at any time, with or without cause, by a majority of the Board then in office.  Any vacancy in the Committee occurring for any cause may be filled by a majority of the Board then in office.

The Committee’s chair shall be designated by the Board.  A majority of the members of the Committee shall constitute a quorum for the transaction of business and the act of a majority of those present at any meeting at which there is a quorum shall be the act of the Committee.  The chair of the Committee, in consultation with management and the other members of the Committee, shall set meeting agendas.

The Committee may form and delegate authority to subcommittees when appropriate.

Purpose and Responsibilities

The primary responsibility for management of sustainable development, environmental affairs, community relations, and communications issues relating to the Corporation, including compliance with laws and regulations, rests with the management of the Corporation.  The Committee’s primary purposes are to assist the Board in its oversight of (1) the issues relating to sustainable development, environmental affairs, community relations and communications; (2) the Corporation’s compliance with policies that provide processes, procedures and standards to follow in accomplishing the Corporation's goals and objectives relating to such issues; and (3) management of risk related to issues of sustainable development, environmental affairs, community relations and communications.

Specific Duties

In discharging its responsibilities, the Committee is expected to do the following:

1. Review with management the Corporation’s goals, policies and programs relative to sustainable development, environmental affairs, community relations and communications issues.
   
   
2. Make inquiries of management and make recommendations to the Board concerning the Corporation's compliance with applicable laws, rules, regulations and standards of corporate conduct, as the Committee determines appropriate.
   
   
3. Review with management the following items as they relate to sustainable development, environmental affairs, community relations or communications matters:  (i) the Corporation’s policies with respect to risk assessment and risk management; (ii) the Corporation’s major risk exposures; (iii) the steps management has taken to monitor and control such exposures; (iv) existing and potential opposition to the Corporation's operations from host communities around its operations; (v) the effect of relevant regulatory initiatives and trends; and (vi) all material claims, demands and legal proceedings against the Corporation.
   
   
4. Review with management the Corporation’s record of performance on sustainable development, environmental affairs, community relations and communications matters, along with any proposed recommendations or actions based on the record of performance.
   
   
5. Prepare reports or assessments from time to time, at the Committee's discretion, regarding the Corporation's or the Committee's activities.
   
   
6. Apprise the Board regularly of significant developments in the course of performing the above duties, including reviewing with the full Board any issues that arise with respect to the Corporation’s compliance with legal or regulatory requirements.
   
   
7. Apprise the Audit Committee of the Board of significant changes in financial risk exposures or potential accruals for contingent liabilities or disclosure issues relating to sustainable development, environmental affairs, community relations or communications matters.
   
   
8. Perform such other duties and responsibilities as are consistent with the purpose of the Committee and as the Board or the Committee shall deem appropriate.
   
   
9. Review and reassess the adequacy of this charter on a regular basis and submit any proposed revisions to the Board for consideration and approval.

Approved by the Board of Directors, as revised, on October 17, 2007