1. Africa – A Growing Business Region
Jeff Huspeni
Vice President, Exploration Business Development
Indaba Conference
February 6, 2007

2. Newmont’s History In Africa

3. Ahafo Mine
• Project Completion • Start-up and Commissioning
– Scope, Schedule, Cost • Operating Performance
• Community Support • First Gold – July 18, 2006

4. Susuan – New* Discovery From
Integrated Exploration
*2005

5. Ahafo Growth
30
25
Year-End 2005
20
Au Moz
16.4 Moz Reserves(1) + NRM(2)
15
12.2 Moz Reserves(1)
10
5
Production
0
1995 1997 1999 2001 2003 2005 2007 2009
(1)At $400/oz Au
(2)At $425/oz Au

6. Ghana’s Contribution To
Reserve Growth
16
Reserve Additions by Region* (Moz)
• 32% of Reserve Additions
14
Are From Ghana
12
10
8
6
4
2
0
-2
2002 2003 2004 2005
North America South America Indonesia
Australia Ghana
*Excludes acquired ounces

7. World Quality Assets
All Known Gold Deposits
100 10
5M 50
Mo M
oz oz
z
1M
oz
Grade (g/t)
10
Ahafo - 2005
Ahafo - 2002
Akyem - 2002 Akyem - 2005
1
1 10 100 1,000
Reserve and Non-Reserve Mineralized Material Tons (Mt)
Source: Minerals Economics Group

8. Prospective Terrains –
A Common History
Ahafo
Akyem
Atla
n tic
Oc
ean

9. 2006 Greenfields
Exploration Focus
*Exclusive of Opportunity Funds

10. African Business Development

11. Regional Framework Studies –
Focus On Prospectivity
Data Compilation & Interpretation Prospectivity Analysis
Lansat
Geophysics
Geochemistry
Geology
Topography
• Goal : 85% Of Prospectivity In 10% Of The Terrain

12. Exploration Tool Box
Proprietary BLEG Technology
Akyem BLEG Orientation Survey
Bill Griffin: BLEG
• Rapid reliable reconnaissance tool
• Ultra-low gold detection and precision
• Noteable discoveries: Batu Hijau, Minihasa, Ovacik, Perama Hill, Martabe

13. Exploration Toolbox
Airborne EM And Magnetics
Aeromagnetic Interpretation
• Detailed Lithologic and Structural model
Cees Swager:
Structural
Geology
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

14. Exploration Toolbox
IP And Gravity
Jeremy Cook: Geophysics Gravity Survey
• Growing database
• Integrated with district data portfolio
Gradient Array Interpretation

15. Exploration Toolbox
Regolith Mapping & Geochemistry
Simon Bolster: Regolith
Nigel Radford: Geochemistry
• Understanding regolith
distribution + profile
• Knowing which data to
trust
• Improved geochemical
interpretation

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

17. 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