EX-12.1 6 c01491exv12w1.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)
         
    Six Months Ended  
    June 30, 2010  
Earnings:
        
Income from continuing operations before income tax expense, equity loss of affiliates and noncontrolling interests in subsidiaries (1)
   $ 1,692  
Adjustments:
        
Fixed charges added to earnings
     152  
Dividends from equity affiliates
     7  
Amortization of capitalized interest
     14  
 
      
 
   $ 1,865  
 
      
 
        
Fixed Charges:
        
Net interest expense (2)
   $ 144  
Portion of rental expense representative of interest
     8  
 
      
Fixed charges added to earnings
     152  
Capitalized interest
     6  
 
      
 
   $ 158  
 
      
Ratio of earnings to fixed charges
     11.8  
 
     
(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.