Africa – A Growing Business Region

Jeff HuspeniVice President, Exploration Business DevelopmentIndaba ConferenceFebruary 6, 2007

Newmont’s History In Africa

Ahafo Mine

• Project Completion–Scope, Schedule, Cost

• Community Support

• Start-up and Commissioning • Operating Performance• First Gold – July 18, 2006

Susuan – New* Discovery From Integrated Exploration

*2005

Ahafo Growth

(1)At $400/oz Au(2)At $425/oz Au

0

5

10

15

20

25

30

1995 1997 1999 2001 2003 2005 2007 2009

Au

Moz

ProductionProduction

16.4 Moz Reserves(1) + NRM(2)

12.2 Moz Reserves(1)

Year-End 2005

-202468

10121416

2002 2003 2004 2005

North America South America IndonesiaAustralia Ghana

Ghana’s Contribution To Reserve Growth

Res

erve

Add

ition

s by

Reg

ion*

(Moz

)

• 32% of Reserve Additions Are From Ghana

*Excludes acquired ounces

World Quality Assets

1

10

100

10 100 1,000

Reserve and Non-Reserve Mineralized Material Tons (Mt)

Gra

de (g

/t)

1 Moz

5 Moz10 Moz

50 Moz

1

Ahafo - 2002

Akyem - 2002

Ahafo - 2005

Akyem - 2005

Source: Minerals Economics Group

All Known Gold Deposits

Prospective Terrains –A Common History

Atlantic Ocean

Ahafo

Akyem

2006 Greenfields Exploration Focus

*Exclusive of Opportunity Funds

African Business Development

Regional Framework Studies –Focus On Prospectivity

• Goal : 85% Of Prospectivity In 10% Of The Terrain

Topography

LansatGeophysicsGeochemistry

Geology

Data Compilation & Interpretation Prospectivity Analysis

Exploration Tool BoxProprietary BLEG Technology

Bill Griffin: BLEG

• Rapid reliable reconnaissance tool• Ultra-low gold detection and precision• Noteable discoveries: Batu Hijau, Minihasa, Ovacik, Perama Hill, Martabe

Akyem BLEG Orientation Survey

Exploration ToolboxAirborne EM And Magnetics

Resistivity Depth Slice At 50m:<6 ohm meters,>60 ohm meters

Depth of Investigation: 75m-200m

• Proprietary NEWTEM EM System• Resistivity/conductivity depth slice mapping• District reconnaissance tool

Aeromagnetic Interpretation• Detailed Lithologic and Structural model

Cees Swager:Structural

Geology

Exploration Toolbox IP And Gravity

Gradient Array Interpretation

Jeremy Cook: Geophysics Gravity Survey

• Growing database• Integrated with district data portfolio

Exploration ToolboxRegolith Mapping & Geochemistry

Simon Bolster: Regolith

Nigel Radford: Geochemistry

• Understanding regolithdistribution + profile

• Knowing which data totrust

• Improved geochemicalinterpretation

Seeking Business Partnerships• Successful partnerships• Joint ventures• Private placements• Creative merchant banking

In Conclusion….

• Back in Africa, and glad to be here

• Built and operating Ahafo

• Optimizing Akyem

• Pleased with Africa’s contribution to global reserve growth

• Proprietary tools, specialists, and training for integrated exploration

• ~7 Moz annual equity reserve depletion – seeking business opportunities to help address this goal