Newmont Mining Corporation

Elko, Nevada

Newmont would like to congratulate three Nevada teams for their remarkable safety performance. As of late 2010, the:

• Carlin engineering group worked 26 years without a lost time accident;
• Twin Creeks' Dewatering/Utility team completed 13 years with no lost time accidents; and,
• TS Power Plant team worked more than 500,000 exposure hours without a lost time accident, including months worked before the plant was commissioned when many employees were on-site testing plant components.

April 18, 2011

Denver, Colorado

As a board member of the Rocky Mountain chapter of Junior Achievement (JA), Russell Ball, Newmont's executive vice president and chief financial officer, is passionate about educating youth about the business world.

Since May 2009, he has helped guide the organization that reaches nearly 9.7 million students worldwide using workforce readiness, entrepreneurship and financial literacy programs.

"I liked the fact that JA focuses on kids and education and, in particular, on teaching children about financial literacy and the importance of staying in school and getting an education," Ball said.

According to Robin Wise, JA's president and chief executive officer, the program's interactive learning style allows students to make mistakes in a safe environment, while stimulating a desire to plan for financial stability.

"There's no hiding from mistakes you make financially," Wise said in an interview with the Denver Post. "That keeps people poor. Wealth creation doesn't happen by accident. It doesn't happen by someone doing it for you. You have to do it yourself."

Ball – along with a whole host of Newmont employees –
actively supports JA chapters in North America and Peru.

For the second consecutive year, JA's Rocky Mountain chapter invited Newmont employees to support a program called "JA in a Day." JA selected Leroy Drive Elementary School, located several miles north of Newmont's Denver office, because it offers an International Baccalaureate Primary Years Programme designed to promote a better and more peaceful world by fostering intercultural understanding and respect in students.
JA paired 37 Newmont volunteers from 11 departments with teachers throughout the school to blend the daylong curriculum with business and practical applications of subjects they had already been studying. Our employees spent the day explaining to kindergartners what money looks like and its worth, and taught students in higher grade levels fundamentals of operating a business and paying taxes.

According to Leslie Chapman, a member of Newmont's Socially and Environmentally Responsible Volunteer Employees (SERVE) committee and the JA event coordinator, volunteers had an overwhelmingly positive experience and were glad to participate in such a meaningful project.

JoLynn Brown of Corporate Development agreed.

"Overall, it was a wonderful experience," she said. "The teachers, students and faculty were wonderful, and I look forward to doing this again next year!"

Newmont's Denver office plans to participate in a similar JA event next spring.

In Peru, Minera Yanacocha has supported JA since 2005, when the Asociación los Andes de Cajamarca – the organization the mine created to promote sustainable human development in the region – established the Training Program for Young Entrepreneurs in partnership with JA Worldwide Peru to improve the quality of education there.

In just five years, more than 25,000 Peruvian teachers and students have benefitted from educational programs, activities and events aimed at promoting their entrepreneurial attitude, a better understanding of a free market economy and facilitating their transition into the adult world. Today, 31 high schools have established the Network of Cajamarca Entrepreneurial Schools, and another 500 youth are being mentored by mine managers as well as some of Yanacocha's suppliers.

"(The program) taught me to be a dreamer, tenacious and to persevere," said David Gutiérrez Chilón, a former student at the San Vicente de Paul School, who is now studying business administration in college. "It allowed me to discover some hidden strengths, to give my best and, above all, to think big."

November 30, 2010

Denver, Colorado

For more than 60 years, it's been the responsibility of Newmont's Geophysical Research and Development (R&D) team to focus on exploration technology and foster a legacy of innovation and competitive advantage at the company.

Recently, Newmont awarded five current members of our Geophysical R&D team with the Global Exploration Solutions (GES) Innovation Award. The team worked diligently over a four-year period to develop one of the most innovative technologies available: the Newmont Distributed IP Data Acquisition System, otherwise referred to as NEWDAS.

Used to identify and delineate mineral deposits typically found during the early stages of an exploration program, NEWDAS is helping Newmont make discoveries faster with less drilling and reduced costs.

NEWDAS was specifically created to improve the efficiency, resolution and depth of investigation associated with collecting Induced Polarization (IP) data which is used to identify and map the geometry of sulfide-bearing or
silicified ore deposits.

Proprietary to Newmont, the key distinction between NEWDAS and conventional IP systems is its ability to carry out true 3-D surveys in an efficient manner with a distributed array, which acquires, transmits, centralizes, and displays the data from multiple locations or nodes arranged in a structured or randomized configuration.

While some modern commercial systems can provide similar high-quality data and depth of exploration, they are lacking in terms of cost effectiveness, availability and their capacity to acquire 3-D data. Newmont's Geophysical R&D team is the first to develop an electrical surveying system that incorporates wireless communications and Internet-type networking, coupled with 3-D modeling using a parallelized computing architecture, for interpretation of the data. These and other features of NEWDAS result in high-resolution images of the subsurface based on data that are cost effective to acquire.

"Think of it as preparing for surgery," explains Perry Eaton, chief geoscientist. "You want to have an accurate picture of what's inside before you decide to cut, or in this case, drill. You don't want to perform the surgery if you don't have to and, if you do, you want to be operating in the right place, so you use some form of scanning technology to gain a better understanding of what's inside so that you can make an informed decision. This is essentially what we're doing with this new technology on a schedule and with a system that suits Newmont's purposes."

NEWDAS performed its first survey operations last year at two sites in Nevada, Buffalo Valley and Copper Basin. Following a successful outcome at these initial sites, the technology was applied this spring at Sandman and Greater Leeville/Turf. During this time, Geophysical Operations staff was being trained to run NEWDAS. The team expects to have the system carrying out surveys in Africa and South America in the latter half of this year and plans to build another system to help meet the rising demand for this new technology.

A special thank you to Bob Anderson, Steve Queen, Ian Mackenzie, David Wynn, and Greg Scrivener for their innovative expertise and dedication in developing the NEWDAS technology. Through their creativity, determination to excel and commitment to action, they exemplify Newmont's Value to promote positive change by encouraging innovation and applying agreed upon practices. Congratulations once again to the Geophysical R&D team.

September 15, 2010

Denver, Colorado

Giving to the community has become second nature for many of Newmont's Denver-based employees.

Staff in our corporate accounting and tax departments – with help from other employees, family and friends – recently collected and delivered 50 C.U.R.E. Kits for Kids to young families in developing nations around the world. The kits are shoebox-sized packages of basic home healthcare and hygiene supplies such as pain relievers, sunscreen and antibiotic ointments.

For years, Newmont has partnered with Project C.U.R.E. and contributed funds to send pallets of medical equipment and supplies to developing nations, including Peru, Indonesia, Ghana, and, most recently, Haiti.

Other financial and accounting specialists volunteer for Habitat for Humanity, recently spending a weekend building townhomes in an underprivileged neighborhood in southeast Denver. They also support Junior Achievement initiatives, participate in cancer walks and volunteer at animal shelters.

"I think seeing that we are helping someone realize their dream of home ownership makes us feel good to be involved with it," said Monte Dean, senior accountant. "Volunteering here has increased because of the new [Leadership] Pipeline initiatives. It is easy to get sucked into the busy lives we lead, and I think this really allows us to pull back, give back and remember what is important."