Newmont Realizes $1.7 Billion on Completion of Common Stock and Convertible Debt Offerings



    DENVER, Feb. 3 /CNW/ -- Newmont Mining Corporation (NYSE:   NEM) (the
"Company") today announced that it has realized aggregate net proceeds of
approximately $1.7 billion on the closing its public offerings of 34,500,000
shares of common stock and $517.5 million principal amount of 3.00%
convertible senior notes due 2012 (including common stock and convertible
senior notes issued upon the exercise in full of over-allotment options to the
underwriters). The Company intends to use the net proceeds from the offerings
to fund the acquisition of the remaining 33.33% interest in the Boddington
project in Western Australia that the Company does not already own and the
additional capital expenditures that will result from its increased ownership
in the Boddington project, as well as for general corporate purposes.
    

    
    Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. were the
joint book-runners for the offerings, and BMO Capital Markets was the lead
manager for the offerings.
    

    
    This news release does not constitute an offer to sell or a solicitation
of an offer to buy, nor shall there be any sale of any of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
jurisdiction. The securities being offered have not been approved or
disapproved by any regulatory authority, nor has any such authority passed
upon the accuracy or adequacy of the prospectus supplements. A registration
statement relating to the securities has been filed with the Securities and
Exchange Commission and a prospectus has been filed with certain Canadian
securities regulatory authorities, both of which are effective. Final
prospectus supplements relating to the offerings have been filed with the
Securities and Exchange Commission and a final prospectus supplement relating
to the common stock offering has been filed with certain Canadian securities
regulatory authorities, all of which are effective.
    

    
    Copies of the prospectuses meeting the requirements of Section 10 of the
Securities Act of 1933, as amended, may be obtained from Citi, Brooklyn Army
Terminal, 140 58th Street, 8th floor, Brooklyn NY 11220 or by telephone at
(718) 765-6732, from J.P. Morgan, National Statement Processing, Prospectus
Library, 4 Chase Metrotech Center, CS Level, Brooklyn, New York 11245 or by
telephone at (718) 242-8002, and at www.sec.gov. Copies of the Canadian
prospectus may be obtained from BMO Capital Markets, Prospectus Department,
B-2 Level, 1 First Canadian Place, Toronto, Ontario M5X 1H3 or by telephone at
(416) 363-6996 x224, and at www.sedar.com.
    

    Cautionary Statement
    
    This news release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, which are intended to
be covered by the safe harbor created by such sections and other applicable
laws. Such forward-looking statements include, without limitation, statements
regarding completion and timing of the acquisition of the remaining interest
in the Boddington project from AngloGold Ashanti Limited, and capital
expenditures. Where the Company expresses or implies an expectation or belief
as to future events or results, such expectation or belief is expressed in
good faith and believed to have a reasonable basis. However, forward-looking
statements are subject to risks, uncertainties and other factors, which could
cause actual results to differ materially from future results expressed,
projected or implied by such forward-looking statements. Such risks include,
but are not limited to, gold and other metals price volatility, currency
fluctuations, increased production costs and variances in ore grade or
recovery rates from those assumed in mining plans, political and operational
risks in the countries in which we operate, investor demand and governmental
regulation and judicial outcomes. For a more detailed discussion of such risks
and other factors, see the Company's 2007 Annual Report on Form 10-K, filed on
February 21, 2008, with the Securities and Exchange Commission, and the
Company's Quarterly Report on Form 10-Q, filed on October 28, 2008, as well as
the Company's other SEC filings. The Company does not undertake any obligation
to release publicly revisions to any "forward-looking statement," to reflect
events or circumstances after the date of this news release, or to reflect the
occurrence of unanticipated events, except as may be required under applicable
securities laws.
    




    




For further information:

For further information: Investors, John Seaberg, +1-303-837-5743,
john.seaberg@newmont.com, or Media, Omar Jabara, +1-303-837-5114,
omar.jabara@newmont.com, both of Newmont Mining Corporation Web Site:
http://www.newmont.com

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Newmont Mining Corporation

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