Africa Overview Africa Overview

Gordon Nixon, VP, African Operations

thru December 31, 2007

February 8, 2008 Africa Overview

Newmont Ghana

February 8, 2008 Africa Overview

Regional Alignment with Strategic Foundation

Operational Execution at Ahafo:Completed initial mining ramp-up Completed self-performance of drilling functions Optimized ore control processImplemented mine dispatch system

Leverage, Scope and Scale:Working to build a Ghanaian Region Leveraging global standardization

Exploration and Growth:Evaluated Ahafo expansion opportunitiesStudied optimal development of AkyemAcquired district land position

February 8, 2008 Africa Overview

Sefwi BeltNewmont 4,033KM2. 2007 Acquisitions 128 KM2

Options/JV 1,236 KM2

Ashanti BeltNewmont 3,305 KM2

2007 Options/JV 963 KM2

Ashanti Belt

Sefwi Belt

Consolidating District Land Positions

February 8, 2008February 8, 2008 Africa Overview

2008 Outlook Summary

$485-$520$396$416Costs applicable to sales ($/oz)

$150-$155$134$40Capital expenditures ($ million)

85

Q42007

446

YTD2007

495-530

Outlook 2008

Equity gold sales (000 ozs)

Reliable power supply

Additional self-performance opportunities in 2008

Expanding mining fleet

February 8, 2008February 8, 2008 Africa Overview

2008 Equity Production

446

300

350

400

450

500

550

600

2007 Actual 2008 Outlook

Equi

ty G

old

Sale

s (0

00 o

zs)

~ 60

~ 30 ~ (10) ~ (10) 495 - 530

Gra

de Thro

ughp

ut

Inve

ntor

y

Rec

over

y

February 8, 2008February 8, 2008 Africa Overview

2008 Costs Applicable to Sales

$396

$300

$350

$400

$450

$500

$550

$600

2007 Actual 2008 Outlook

CA

S ($

/oz)

~ ($40)

~ $40

~ $30

~ $30~ $20

~ $20~ $10 ~ $5

$485-$520La

bor

Elec

tric

ity Die

sel

Con

sum

able

s

Con

trac

t Ser

vice

s

Part

s an

d Su

pplie

s

Oth

er

Prod

uctio

n

February 8, 2008February 8, 2008 Africa Overview

Beyond 2008

Building a Ghanaian RegionAhafo South pit expansionsAhafo North project (Stage 3)Optimal Akyem development Strategic exploration

Focus on long-term improvementsLong-term power solution Continued localization efforts

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