Newmont

Summary of Newmont's statement of support to the EITI:

When managed responsibly, mining can be a significant force in bringing people in developing countries out of poverty, while simultaneously improving health and building communities. To achieve those objectives, however, revenues from mining must be governed and applied appropriately. Transparency assists these efforts by allowing local stakeholders and investors the ability to monitor how such monies are being distributed and spent.

Newmont believes that we have a significant role to play in ensuring revenue transparency by publicly disclosing the taxes and royalties that we pay to governments. By being transparent in our dealings with local communities and governments, we will build trust and assurance that our operations are benefiting our local stakeholders. Through our membership in the International Council on Mining & Metals (ICMM) and in support of its position statement, Newmont has committed to:

• Endorse the Extractive Industries Transparency Initiative (EITI)
• Engage constructively with countries committed to implementing EITI
• Disclose information on material payments to governments
• Support the public disclosure of mineral revenues at the country level

Adding to our general endorsement of the Initiative, in 2009, we joined the board of the EITI, which sets forth a global standard for transparency in the natural resource industries. Through transparency-building steps such as verifying and publicizing company payments and government revenues from mining, the EITI supports improved governance that builds accountability between governments and stakeholders. In 2010, Ghana became the fifth country to certify under EITI. The EITI validation for Peru was extended into 2011. In addition, Indonesia began pursuing EITI validation in 2010. Newmont has operations in all three countries. Extractive-industry companies operating in the countries undergoing the validation process submit a form that is considered by the EITI Board, along with information submitted by the country demonstrating that the sign-up criteria have been satisfied.

International-level company form:

1. Has the company published a clear public statement endorsing the EITI Principles and Criteria, and ensured this is accessible on its external website? YES
2. If applicable (i.e. for operations in EITI implementing countries that have completed at least one validation), has the company provided links on its external website to completed (Country-level) Company Forms? Not applicable
   
3. Has the company assigned strategic responsibility for EITI to a member of its senior management and appointed a lead contact person responsible for communication of the company’s EITI policy, action in support of EITI, and responding to queries from EITI stakeholders? YES
4. If the International EITI Conference has taken place in the validation period, did a member of senior management attend or send a statement of support? Not applicable
   
5. Where a company has a global sustainability report or corporate responsibility report, has the company included a summary of its contribution to EITI in this and on its external website? YES