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Elang Exploration Project - Fact Sheet - Newmont Mining Corporation

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<strong>Elang</strong> Published: February 2013<br />

<strong>Project</strong><br />

Location Sumbawa island, Indonesia<br />

Ownership <strong>Newmont</strong>: 31.5%<br />

Sumitomo: 24.5%<br />

PT MDB: 24%<br />

PT Pukuafu Indah: 17.8 %<br />

PT IMI: 2.2%<br />

Employment 240<br />

Product Copper and Gold<br />

West Nusa Tenggara province showing <strong>Newmont</strong>’s Batu Hijau mine and<br />

four additional exploration prospects on Sumbawa island.<br />

Topsoil is replaced and trees and flora are planted to ensure reclamation<br />

is carried out at each site where drilling is complete.<br />

www.newmont.com<br />

Overview<br />

The <strong>Elang</strong> exploration project is located on the island of west<br />

Sumbawa in Indonesia, approximately 60km from <strong>Newmont</strong>’s<br />

Batu Hijau copper and gold mine. <strong>Exploration</strong> teams continue<br />

to discover a copper and gold deposit, potentially expanding<br />

production in Indonesia.<br />

<strong>Exploration</strong> at <strong>Elang</strong> has been ongoing and recommenced in<br />

September 2011 with the acceptance and support of local<br />

communities; and following the issuance of an exploration permit<br />

from the Indonesian government in 2010. <strong>Exploration</strong> drilling is<br />

expected to continue through 2016 to allow evaluation of the<br />

deposit’s viability for potential future development.<br />

Community investment and engagement activities focused on<br />

social and economic development continue across 36 villages<br />

around the exploration area.<br />

Community & Environmental Highlights<br />

Community relations representatives at <strong>Elang</strong> interact and<br />

live within the surrounding communities. The focus on<br />

community investment remains strong and continues in the<br />

form of infrastructure development through road construction,<br />

community halls, mosques, clinics and vocational training<br />

centers.<br />

The local Lenangguar Health Center was recently expanded in<br />

2012 to include two additional inpatient rooms. Road maintenance<br />

and development also continue in 2012 with plans to repair and<br />

seal approximately 13.5 km of road to provide better access from<br />

Sumbawa Besar to the Lantung and Ropang regions.<br />

<strong>Newmont</strong> continues to work with local residents to help them<br />

establish and run small businesses. The company also works to<br />

develop and maintain local business partners that supply goods<br />

and services for both the exploration project and other community<br />

investments.


<strong>Elang</strong><br />

The <strong>Elang</strong> camp is home to 200 exploration workers.<br />

Drilling activities are underway at <strong>Elang</strong>.<br />

<strong>Newmont</strong> Contact Information<br />

Media Contacts:<br />

Omar Jabara, 303-837-5114<br />

Diane Reberger, 303-967-9455<br />

Rubi Purnomo, +62 372 63 46468<br />

Investor Contact:<br />

John Seaberg, 303-837-5743<br />

Karli Anderson, 303-837-6049<br />

Cautionary Statement: This document contains “forward-looking statements”, which are intended to be covered by the safe harbor created by U.S. federal securities laws and other applicable laws, including, without<br />

limitation, estimates of future drilling project development and other future results. Forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from future<br />

projected or implied results. Further project development will depend upon community issues, government approvals, permitting and other factors, including whether future operating cash flow and other sources of<br />

funding are sufficient to fund the project. Please see our 2011 Annual Report on Form 10-K, filed on February 24, 2012, with the SEC, as well as our other SEC filings. We do not undertake any obligation to update<br />

any forward-looking statements, except as may be required under applicable securities laws.<br />

www.newmont.com<br />

2012-2013 Focus:<br />

– Complete Lito-Latung road to Ropang<br />

– Complete various community infrastructure projects in<br />

Ropang, Lantung, Lenangguar and Lunyuk sub-districts<br />

– Continue ongoing work with the local government on<br />

water supply system for the Ledang village<br />

– Establish community-based small businesses and<br />

empower local suppliers<br />

– Complete social baseline studies<br />

– Continue training of community-based small businesses<br />

in 2013<br />

– Continue ongoing reclamation program at completed drill<br />

hole locations<br />

– Implement company environmental procedure and<br />

management plan<br />

– Sustain waste segregation and waste handling<br />

management<br />

– Provide socialization and environmental protection training<br />

to exploration employees<br />

– Continue surface water sampling and monitoring<br />

– Continue rain and precipitation data collection<br />

– Continue quarterly reporting for the government regarding<br />

environmental compliance<br />

About <strong>Newmont</strong><br />

Founded in 1921 and publicly traded since 1925, <strong>Newmont</strong><br />

(www.<strong>Newmont</strong>.com) is one of the largest gold companies<br />

in the world. Headquartered in Colorado, the company has<br />

approximately 40,000 employees and contractors, with the<br />

majority working at <strong>Newmont</strong>’s core operations in the United<br />

States, Australia, Peru, Indonesia and Ghana. <strong>Newmont</strong> is<br />

the only gold company listed in the S&P 500 index and in<br />

2007 became the first gold company selected to be part<br />

of the Dow Jones Sustainability World Index. <strong>Newmont</strong>’s<br />

industry leading performance is reflected through high<br />

standards in environmental management, health and safety<br />

for its employees and creating value and opportunity for host<br />

communities and shareholders.

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