Newmont’s African operations are in Ghana and include the Ahafo mine and a development project known as Akyem. The Ahafo mine is located in the tropical, cocoa-growing region of mid-western Ghana, approximately 180 miles (290 kilometers) northwest of the capital city of Accra. The Akyem project is located about 80 miles (129 kilometers) northwest of Accra.

Ahafo contributed approximately 8 percent of Newmont’s worldwide equity gold sales in 2007. Ahafo and Akyem together have approximately 17.4 million equity ounces of gold reserves, representing 20 percent of our global gold reserves at the end of 2007. In addition, the African region contains more than 53 million tons of non-reserve resource mineralization at an average grade of 0.064 ounces per ton.

Ahafo, Ghana

Newmont purchased the Ahafo deposits in 2002, as part of our acquisition of Normandy, and the mine began commercial production in 2006. In 2007, Ahafo produced 446,000 equity ounces of gold and reported approximately 9.7 million ounces of gold in reserves, enough to actively mine for approximately 20 years.

In 2007, Newmont joined with three other mining companies to build an 80 mega-watt power plant that began commercial production in 2008. The plant is one of the measures we have undertaken to meet our need for reliable electricity, while also helping Ghana address its long-term power supply challenges.

Work force

Prior to opening the mine, Newmont established a training program to ensure local residents had the necessary skills and safety training. In 2007, nearly all of Ahafo’s 3,500 employees and contractors were Ghanaian nationals and lived in local areas.

Community

Prior to opening the Ahafo mine, Newmont worked with the community and government to responsibly and equitably relocate roughly 500 households near the ore body. A committee consisting of independently-elected community representatives and traditional leaders handled negotiations on behalf of the residents. Brand new homes and schools were built in two villages and residents were granted legal title to the land, along with modern conveniences, such as electricity and clean running water.

Additionally, Newmont launched a Community Development Fund to contribute an estimated $650,000 annually to support community development programs. We also implemented the Ahafo Linkages Program in partnership with the International Finance Corporation of the World Bank to maximize local procurement of goods and services from communities in the mining lease area.

Environment

The Ahafo mine was recently certified under the International Cyanide Management Code, which provides comprehensive guidance and standards for gold companies on best practices in the storage, use and transportation of sodium cyanide. We are also working to preserve the land by limiting deforestation and working with Conservation International to protect and enhance biodiversity, particularly in forest areas.

For more information, please visit www.NewmontGhana.com.