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, 2016
Income before income and mining tax and other items	$	894
Adjustments:
Fixed charges excluding capitalized interest		158
Earnings available for fixed charges	$	1,052
Fixed Charges:
Interest expense, net (1)	$	150
Portion of rental expense representative of interest		8
Fixed charges added to earnings		158
Capitalized interest		19
Total Fixed Charges	$	177
Ratio of earnings to fixed charges		5.94

(1) Includes interest expense of majority-owned consolidated subsidiaries and amortization of debt issuance costs.