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Indonesia OverviewIndonesia Overview

Patrick Hickey, Group Executive Operations, Indonesia

2February 8, 2008 Asia-Pacific Overview – Indonesia

Newmont Indonesia

3February 8, 2008 Asia-Pacific Overview – Indonesia

Mine Sequencing Plan - Pit Ore Grades

Section 9080N0.2% <= Cu < 0.4%0.4% <= Cu < 0.6%0.6% <= Cu < 0.8%0.8% <= Cu

7

6

5

4

1

2

3

End Dec 07

End Dec 08

Section 9080N0.2% <= Cu < 0.4%0.4% <= Cu < 0.6%0.6% <= Cu < 0.8%0.8% <= Cu

7

6

5

4

1

2

3

End Dec 07

End Dec 08

Section 9080N0.2% <= Cu < 0.4%0.4% <= Cu < 0.6%0.6% <= Cu < 0.8%0.8% <= Cu

Section 9080N0.2% <= Cu < 0.4%0.4% <= Cu < 0.6%0.6% <= Cu < 0.8%0.8% <= Cu

7

6

5

4

1

2

3

End Dec 07

End Dec 08

4February 8, 2008 Asia-Pacific Overview – Indonesia

Mine Sequencing Plan - Timing of Mining Activities

5February 8, 2008 Asia-Pacific Overview – Indonesia

Mine Sequencing Plan - Timing of Mining Activities

6February 8, 2008 Asia-Pacific Overview – Indonesia

Mine Sequencing Plan - Timing of Mining Activities

7February 8, 2008 Asia-Pacific Overview – Indonesia

Mine Sequencing Plan - Timing of Mining Activities

8February 8, 2008 Asia-Pacific Overview – Indonesia

Mine Sequencing Plan - Timing of Mining Activities

9February 8, 2008 Asia-Pacific Overview – Indonesia

Mine Sequencing Plan - Timing of Mining Activities

10February 8, 2008 Asia-Pacific Overview – Indonesia

Regional Alignment with Strategic Foundation

Operational Execution:World class ESR & safety standardsExecuting against planned mine sequenceContinuous Improvement and sharing of best practices

Project Execution:Ongoing evaluation of 3rd SAG mill and Pit Water Shaft

Leverage, Scope and Scale:Development of strong Indonesian talent pool Inexpensive coal fired power ($0.048/kwh)No copper hedge commitments

11February 8, 2008 Asia-Pacific Overview – Indonesia

2008 Outlook Summary

$31

$1.29

34

$354

54

Q42007

Outlook2008

YTD2007

$145 - $195$74Consolidated capital expenditures ($m)

$1.30 - $1.40$1.10Costs applicable to sales – Copper ($/lb)

155 - 165204Equity copper sales (Mlbs)

$285 - $305$243Costs applicable to sales – Gold ($/oz)

150 - 165233Equity gold sales (000 ozs)

Lower Production as a Result of Mine Sequencing

Equity Production Subject to Divestiture Results

12February 8, 2008 Asia-Pacific Overview – Indonesia

2008 Equity Gold SalesEq

uity

Gol

d Sa

les

(000

ozs

)

0

50

100

150

200

250

300

2007 Actual 2008 Outlook

233

Inve

ntor

y

Rec

over

y

Thro

ughp

ut

Gra

de

150 - 165

~ 40 ~ (10) ~ (10)~ (90)

13February 8, 2008 Asia-Pacific Overview – Indonesia

2008 Equity Copper SalesEq

uity

Cop

per S

ales

(Mlb

s) 204

0

50

100

150

200

250

2007 Actual 2008 Outlook

~ 30 ~ (10)~ (10)

~ (50)

155 - 165In

vent

ory

Rec

over

y

Thro

ughp

ut

Gra

de

14February 8, 2008 Asia-Pacific Overview – Indonesia

2008 Total Costs Applicable to Sales

Stockpiling of Inventory – Primarily related to build in stockpile inventories in 2008 from lower grade Phase 5 ore compared to net utilization of high grade stockpiles during 2007.

2008 Outlook range based on production and per unit CAS outlook

Tota

l CA

S ($

mill

ion)

$591

$400

$450

$500

$550

$600

$650

$700

2007 Actual 2008 Outlook

~ $30

~ $20~ $10 ~ $10 ~ $10 ~ $10 ~ ($100)

$575 - $585

Con

trac

t Ser

vice

s

Die

sel

Part

s an

d Su

pplie

s

Labo

r

Con

sum

able

s

Elec

tric

ity

Stoc

kpili

ng o

f Inv

ento

ry

15February 8, 2008 Asia-Pacific Overview – Indonesia

Beyond 2008Consistent Operating Performance:

Investments in protecting mill assets (corrosion control)First class ground control management plansScope for expansion at Elang

Reducing operating cost per unit:Opportunity to optimize production through 3rd SAG MillOpportunity to reduce costs with Pit Water ShaftRegional synergies with Australia/New Zealand

Continued focus on Safety & ESR performance:Occupational Health and Safety Assessment Series by Q4 2008 (OHSAS:18001) International environmental standard Q4 2008 (ISO 14001)

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Questions & Answers Questions & Answers