EX-12.1 4 c91265exv12w1.htm EXHIBIT 12.1 Exhibit 12.1
Exhibit 12.1
NEWMONT MINING CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions except ratio)
         
    Nine Months Ended  
    September 30, 2009  
Earnings:
        
Income from continuing operations before income tax expense, equity loss of affiliates and noncontrolling interests in subsidiaries (1)
   $ 1,750  
Adjustments:
        
Fixed charges added to earnings
     74  
Dividends from equity affiliates
     2  
Amortization of capitalized interest
     15  
 
      
 
   $ 1,841  
 
      
Fixed Charges:
        
Net interest expense (2)
     65  
Portion of rental expense representative of interest
     9  
 
      
Fixed charges added to earnings
     74  
Capitalized interest
     86  
 
      
 
   $ 160  
 
      
Ratio of earnings to fixed charges
     11.5  
 
     
(1)   Excludes interest on income tax liabilities. Interest and penalties related to income taxes are included in Income tax expense.
 
(2)   Includes interest expense of majority-owned subsidiaries and amortization of debt issuance costs.