Newmont Mining

Newmont suspends construction at the Conga project in agreement with the Government of Peru

Posted on November 30, 2011

Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") announced today that, in agreement with the government of Peru, it has suspended construction activities at the Conga project (or the "Project") in Peru for the safety of employees and community members. During the past month, the Conga project and the near-by Yanacocha operations have experienced intermittent work stoppages as a result of ongoing protests in the region. Beginning in October 2011, anti-mining activists expressed concerns about perceived impacts of the Project on the local water supply. The Conga Environmental Impact Assessment was approved in 2010 after extensive review by the Peruvian government which included significant engagement and consultation with local communities.