Presentation by Jason Hill at MineExpo 2008 of the DIngo Condition Based Asset Management program inplemented by Newmont throughout Nevada operations.

1. Condition Based Asset Management Program MINExpo 2008

2. Background 2

3. Newmont One Nevada Goals (2006) Overall Goal - reduce One Nevada Costs applicable to sales to $300/ounce by Jan 2008 Offset higher prices in labor, diesel, cyanide, u/g contract services costs YTD 2006 $425 YTD 2005 $327 Maintenance is a piece of this pie This project represents approx $2.00 / ounce Make this a team effort gaining best from: Newmont (One Nevada, BatuHijau, Peru experience) Dingo Cashman / Caterpillar ConocoPhillips Other Newmont OEMS Desired relationship: Sustainable change, owned by Newmont Accountability for results on both sides Win-win Long term 3

4. 4 Previous Experience Hours

5. Program Scope 5

6. Scope - Process 6 6-12 Months Ongoing 1 Month

7. Scope – Newmont Operations Surface Twin Creeks Gold Quarry Phoenix Underground Leevilee Deep Post Process Twin Creeks Mill Phoenix Mill SAL Mill 5 Mill 6 7

8. Scope - Programs Breakdown Avoidance Condition Intelligence KPI Measurement Weekly Meeting Troubleshooting Guides Sample Point ID’s Component Life Extension Monthly evaluation of all components: approaching expected life being “extended” past expected life and in critical condition. Incorporates condition monitoring data, performance tests and financial data. Monthly on-site component evaluation review with equipment group “owners”. 8

9. Results so far… 9

10. Program Results Total Benefits to June 2008 $15,111,271 Total project Payback in July 2007 Total project cost $3.5MM Cash flow breakeven in 3 months 10

11. Program Return on Investment $7.00 $6.00 $5.00 $4.00 Return on each $ invested Actual $3.00 $2.00 Forecast Proposed Proposed $1.00 Average 11

12. General Foreman comments 12 “This will allow our guys to see what is really going on with their components. They get expert condition reports back that will give them specific instructions of what is wrong and how to fix it; vs. the Fax we get now.” Bilbo Bessert (Process Plants) “The program forces communication between the planners and the shop floor – they track down shop floor technicians to get feedback on actions taken as a result of the CI recommendations and work order generated. Things are going well with the CBAM program; we have made great improvement from the start.” Ken Andress (Newmont East)

13. Observations 13

15. Results Focus

16. Find Problems

17. Technology FocusCBAM iscomplete system which delivers results, not technology. Condition Intelligence (find) + Action Tracking (act) produce results, measured monthly accounting of value of our service

18. Key Learning CBAM is an ongoing series of Daily, Weekly, Monthly, Quarterly and Annual activities In today’s dynamic environment, Mining companies struggle to maintain the disciplined routine required to ensure benefits are derived Three long term customers have decided that Dingo provides a cost effective way to ensure the benefits of CBAM, despite strong initial desire to bring totally in-house Newmont experience has been similar. Site based planners have a different career path and experience to Dingo project managers Dingo has shifted offering from Project to System in response to these trends 15

19. The Future 16

22. Group Trend for 33 Newmont Nevada 793D Engines

23. A powerful way to determine if results are abnormal for the component

24. Scattergram allows easy, accurate alert limit settings18

25. Global System 19