EX-12.1 2 c07461exv12w1.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, 2010  
Earnings:
        
Income from continuing operations before income tax expense, equity loss of affiliates and noncontrolling interests in subsidiaries (1)
   $ 2,857  
Adjustments:
        
Fixed charges added to earnings
     222  
Dividends from equity affiliates
     7  
Amortization of capitalized interest
     20  
 
      
 
   $ 3,106  
 
      
Fixed Charges:
        
Net interest expense (2)
   $ 210  
Portion of rental expense representative of interest
     12  
 
      
Fixed charges added to earnings
     222  
Capitalized interest
     12  
 
      
 
   $ 234  
 
      
Ratio of earnings to fixed charges
     13.3  
 
     
(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.