NEWMONT MINING CORP /DE/, 10-Q filed on 7/26/2013
Quarterly Report
Document and Entity Information
6 Months Ended
Jun. 30, 2013
Jul. 18, 2013
Document and Entity Information [Abstract]
 
 
Entity Registrant Name
NEWMONT MINING CORP /DE/ 
 
Entity Central Index Key
0001164727 
 
Document Type
10-Q 
 
Document Period End Date
Jun. 30, 2013 
 
Amendment Flag
false 
 
Document Fiscal Year Focus
2013 
 
Document Fiscal Period Focus
Q2 
 
Current Fiscal Year End Date
--12-31 
 
Entity Well-known Seasoned Issuer
Yes 
 
Entity Voluntary Filers
No 
 
Entity Current Reporting Status
Yes 
 
Entity Filer Category
Large Accelerated Filer 
 
Entity Common Stock, Shares Outstanding
 
492,822,946 
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (unaudited) [Abstract]
 
 
 
 
Sales
$ 1,993 
$ 2,229 
$ 4,170 
$ 4,912 
Costs and expenses
 
 
 
 
Costs applicable to sales
1,653 
1,002 
2,697 
2,019 
Amortization
415 
248 
682 
479 
Reclamation and remediation
18 
16 
36 
32 
Exploration
76 
106 
135 
194 
Advanced projects, research and development
46 
82 
98 
184 
General and administrative
54 
57 
110 
111 
Write-downs
2,261 
0 
2,262 
0 
Other expense, net
77 
126 
176 
246 
Total costs and expenses
4,600 
1,637 
6,196 
3,265 
Other income (expense)
 
 
 
 
Other income, net
50 
36 
76 
69 
Interest expense, net
(70)
(71)
(135)
(123)
Total other income (expense)
(20)
(35)
(59)
(54)
Income (loss) before income and mining tax and other items
(2,627)
557 
(2,085)
1,593 
Income and mining tax expense
325 
(175)
144 
(518)
Equity income (loss) of affiliates
(3)
(11)
(7)
(30)
Income (loss) from continuing operations
(2,305)
371 
(1,948)
1,045 
Income (loss) from discontinued operations
74 
0 
74 
(71)
Net income (loss)
(2,231)
371 
(1,874)
974 
Net loss (income) attributable to noncontrolling interests
212 
(92)
170 
(205)
Net income (loss) attributable to Newmont stockholders
(2,019)
279 
(1,704)
769 
Net income (loss) attributable to Newmont stockholders:
 
 
 
 
Continuing operations
(2,093)
279 
(1,778)
840 
Discontinued operations
74 
0 
74 
(71)
Net income (loss) attributable to Newmont stockholders
$ (2,019)
$ 279 
$ (1,704)
$ 769 
Income (loss) per common share, basic
 
 
 
 
Continuing operations
$ (4.21)
$ 0.56 
$ (3.58)
$ 1.69 
Discontinued operations
$ 0.15 
$ 0 
$ 0.15 
$ (0.14)
Income (loss) per common share, basic
$ (4.06)
$ 0.56 
$ (3.43)
$ 1.55 
Income (loss) per common share, diluted
 
 
 
 
Continuing operations
$ (4.21)
$ 0.56 
$ (3.58)
$ 1.67 
Discontinued operations
$ 0.15 
$ 0 
$ 0.15 
$ (0.14)
Income (loss) per common share, diluted
$ (4.06)
$ 0.56 
$ (3.43)
$ 1.53 
Cash dividends declared per common share
$ 0.35 
$ 0.35 
$ 0.775 
$ 0.70 
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Statement of Income and Comprehensive Income [Abstract]
 
 
 
 
Net income (loss)
$ (2,231)
$ 371 
$ (1,874)
$ 974 
Other comprehensive income (loss):
 
 
 
 
Unrealized gain (loss) on marketable securities, net of tax
(227)
(273)
(279)
(313)
Foreign currency translation adjustments
(10)
(10)
(22)
0 
Change in pension and other post-retirement benefits, net of tax
6 
4 
11 
8 
Change in fair value of cash flow hedge instruments, net of tax
 
 
 
 
Net change from periodic revaluations
(258)
4 
(237)
73 
Net amount reclassified to income
(11)
(24)
(35)
(59)
Net unrecognized gain on derivatives
(269)
(20)
(272)
14 
Other comprehensive income (loss)
(500)
(299)
(562)
(291)
Comprehensive income (loss)
(2,731)
72 
(2,436)
683 
Comprehensive income (loss) attributable to:
 
 
 
 
Newmont stockholders
(2,519)
(18)
(2,265)
478 
Noncontrolling interests
(212)
90 
(171)
205 
Comprehensive income (loss)
$ (2,731)
$ 72 
$ (2,436)
$ 683 
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - Parenthetical Information (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Statement of Income and Comprehensive Income [Abstract]
 
 
 
 
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
$ (77)
$ 18 
$ (115)
$ (5)
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
(3)
(2)
(8)
(4)
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
$ (130)
$ 8 
$ (145)
$ (18)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities:
 
 
Net income (loss)
$ (1,874)
$ 974 
Adjustments:
 
 
Amortization
682 
479 
Stock based compensation and other non-cash benefits
38 
36 
Reclamation and remediation
36 
32 
Income from discontinued operations
(74)
71 
Write-downs
2,262 
0 
Impairment of marketable securities
11 
32 
Deferred income taxes
(519)
12 
Gain on asset sales, net
(1)
(10)
Other operating adjustments and write-downs
632 
106 
Net change in operating assets and liabilities
(461)
(768)
Net cash provided from continuing operations
732 
964 
Net cash used in discontinued operations
(11)
(8)
Net cash provided from operations
721 
956 
Investing activities:
 
 
Additions to property, plant and mine development
(1,120)
(1,578)
Sale of marketable securities
1 
106 
Purchases of marketable securities
(1)
(196)
Acquisitions, net
(13)
(22)
Proceeds from sale of other assets
49 
13 
Other
(21)
(37)
Net cash used in investing activities
(1,105)
(1,714)
Financing activities:
 
 
Proceeds from debt, net
987 
3,343 
Repayment of debt
(534)
(1,941)
Payment of conversion premium on debt
 
(172)
Sale of noncontrolling interests
32 
0 
Acquisition of noncontrolling interests
(10)
0 
Dividends paid to common stockholders
(385)
(347)
Dividends paid to noncontrolling interests
(2)
(3)
Proceeds from stock issuance, net
2 
15 
Other
(3)
(1)
Net cash provided from (used in) financing activities
87 
894 
Effect of exchange rate changes on cash
(16)
1 
Net change in cash and cash equivalents
(313)
137 
Cash and cash equivalents at beginning of period
1,561 
1,760 
Cash and cash equivalents at end of period
$ 1,248 
$ 1,897 
CONDENSED CONSOLIDATED BALANCE SHEET (unaudited) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS
 
 
Cash and cash equivalents
$ 1,248 
$ 1,561 
Trade receivables
257 
283 
Accounts receivable
289 
577 
Investments
628 
86 
Inventories
803 
796 
Stockpiles and ore on leach pads
738 
786 
Deferred income tax assets
215 
195 
Other current assets
844 
1,661 
Current assets
5,022 
5,945 
Property, plant and mine development, net
16,244 
18,010 
Investments
485 
1,446 
Stockpiles and ore on leach pads
2,729 
2,896 
Deferred income tax assets
1,188 
481 
Other long-term assets
808 
872 
Total assets
26,476 
29,650 
LIABILITIES
 
 
Debt
48 
10 
Accounts payable
551 
657 
Employee-related benefits
261 
339 
Income and mining taxes
60 
51 
Other current liabilities
1,278 
2,084 
Current liabilities
2,198 
3,141 
Debt
6,726 
6,288 
Reclamation and remediation liabilities
1,471 
1,457 
Deferred income tax liabilities
806 
858 
Employee-related benefits
598 
586 
Other long-term liabilities
439 
372 
Total liabilities
12,238 
12,702 
Commitments and Contingencies
   
   
EQUITY
 
 
Common stock
789 
787 
Additional paid-in capital
8,431 
8,330 
Accumulated other comprehensive income (loss)
(71)
490 
Retained earnings (deficit)
2,077 
4,166 
Newmont stockholders' equity
11,226 
13,773 
Noncontrolling interests
3,012 
3,175 
Total equity
14,238 
16,948 
Total liabilities and equity
$ 26,476 
$ 29,650 
Basis of Presentation
BASIS OF PRESENTATION

NOTE 1    BASIS OF PRESENTATION

 

The interim Condensed Consolidated Financial Statements (“interim statements”) of Newmont Mining Corporation and its subsidiaries (collectively, “Newmont” or the “Company”) are unaudited. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these interim statements have been included. The results reported in these interim statements are not necessarily indicative of the results that may be reported for the entire year. These interim statements should be read in conjunction with Newmont's Consolidated Financial Statements for the year ended December 31, 2012 filed February 22, 2013 on Form 10-K. The year-end balance sheet data was derived from the audited financial statements and, in accordance with the instructions to Form 10-Q, certain information and footnote disclosures required by United States generally accepted accounting principles (“GAAP”) have been condensed or omitted. References to “A$” refer to Australian currency, “C$” to Canadian currency and “NZ$” to New Zealand currency.

 

On March 12, 2013, Newmont completed the sale of the Hope Bay Project to TMAC Resources Inc. (“TMAC”). At June 30, 2013, Newmont held a 49.9% voting interest in TMAC and an economic interest of 70.4%. The Company has made available a $15 credit facility due June 2014. Newmont has identified TMAC as a Variable Interest Entity (“VIE”) under FASB Accounting Standards Codification (“ASC”) - Consolidation guidance. Based upon the ASC guidance for VIEs, and the ownership structure, Newmont has determined that it has a controlling financial interest in TMAC and is therefore the primary beneficiary. As such, Newmont consolidated TMAC in its consolidated financial statements. TMAC has indicated that they anticipate raising funds at an undetermined date through an initial public offering (“IPO”). Should such an IPO occur, which there can be no assurance of such offering occurring, it is expected that Newmont's ownership will be reduced and Newmont would reevaluate whether or not it is still required to consolidate under the applicable ASC guidance.

Summary of Significant Accounting Policies
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Recently Adopted Accounting Pronouncements

 

Reporting of Amounts reclassified out of Accumulated Other Comprehensive Income

 

In February 2013, ASC guidance was issued related to items reclassified from Accumulated Other Comprehensive Income(Loss). The new standard requires either in a single note or parenthetically on the face of the financial statements: (i) the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and (ii) the income statement line items affected by the reclassification. Adoption of the new guidance, effective for the fiscal year beginning January 1, 2013, had no impact on the consolidated financial position, results of operations or cash flows.

 

Disclosures about Offsetting Assets and Liabilities

 

In November 2011, ASC guidance was issued related to disclosures about offsetting assets and liabilities. The new standard requires disclosures to allow investors to better compare financial statements prepared under U.S. GAAP with financial statements prepared under IFRS. In January 2013, an update was issued to further clarify that the disclosure requirements are limited to derivatives, repurchase agreements, and securities lending transactions to the extent that they are (i) offset in the financial statements or (ii) subject to an enforceable master netting arrangement or similar agreement. Adoption of the new guidance, effective for the fiscal year beginning January 1, 2013, had no impact on the consolidated financial position, results of operations or cash flows.

Recently Issued Accounting Pronouncements

 

Foreign Currency Matters

 

In March 2013, ASC guidance was issued related to Foreign Currency Matters to clarify the treatment of cumulative translation adjustments when a parent sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity. The updated guidance also resolves the diversity in practice for the treatment of business combinations achieved in stages in a foreign entity. The update is effective prospectively for the Company's fiscal year beginning January 1, 2014. The Company does not expect the updated guidance to have an impact on the consolidated financial position, results of operations or cash flows.

 

Segment Information
SEGMENT INFORMATION

NOTE 3    SEGMENT INFORMATION

 

The Company's reportable segments are based upon the Company's management structure that is focused on the geographic region for the Company's operations. Segment results for 2012 have been retrospectively revised to reflect organizational changes that moved the Indonesia operations to a separately managed region and moved the Hope Bay segment to Corporate and Other. Geographic regions now include North America, South America, Australia/New Zealand, Indonesia, Africa and Corporate and Other. The financial information relating to the Company's segments is as follows:

 

     Costs    Advanced   
     Applicable to    Projects and Pre-Tax
   Sales Sales Amortization Exploration Income (Loss)
Three Months Ended June 30, 2013             
Nevada$558 $276 $60 $28 $181
La Herradura 71  42  7  15  8
Other North America -  -  -  -  (2)
 North America 629  318  67  43  187
                 
Yanacocha 420  197  97  10  87
Conga -  -  -  -  (1)
Other South America -  -  -  5  (6)
 South America 420  197  97  15  80
                 
Boddington:              
 Gold 249  252  59      
 Copper 49  62  14      
  Total 298  314  73  -  (2,161)
Other Australia/New Zealand 332  263  58  12  (175)
 Australia/New Zealand 630  577  131  12  (2,336)
                 
Batu Hijau:              
 Gold 15  63  13      
 Copper 99  413  81      
  Total 114  476  94  5  (477)
Other Indonesia -  -  -  -  (1)
 Indonesia 114  476  94  5  (478)
                 
Ahafo 200  85  20  11  79
Akyem -  -  -  2  (2)
Other Africa -  -  -  5  (8)
 Africa 200  85  20  18  69
                 
Corporate and Other -  -  6  29  (149)
Consolidated$1,993 $1,653 $415 $122 $(2,627)

      Costs    Advanced   
      Applicable to    Projects and Pre-Tax
   Sales Sales Amortization Exploration Income (Loss)
Three Months Ended June 30, 2012              
Nevada$571 $258 $47 $43 $217
La Herradura 93  33  6  11  46
Other North America -  -  -  1  (2)
 North America 664  291  53  55  261
                 
Yanacocha 614  177  62  18  333
Conga -  -  -  12  (12)
Other South America -  -  -  19  (19)
 South America 614  177  62  49  302
                 
Boddington:              
 Gold 264  157  49      
 Copper 42  38  12      
  Total 306  195  61  2  37
Other Australia/New Zealand 331  182  35  22  88
 Australia/New Zealand 637  377  96  24  125
                 
Batu Hijau:              
 Gold 18  11  3      
 Copper 88  70  14      
  Total 106  81  17  7  (16)
Other Indonesia -  -  -  -  4
 Indonesia 106  81  17  7  (12)
                 
Ahafo 208  76  16  11  100
Akyem -  -  -  5  (5)
Other Africa -  -  -  3  (2)
 Africa 208  76  16  19  93
                 
Corporate and Other  -  -  4  34  (212)
Consolidated$2,229 $1,002 $248 $188 $557

                      
     Costs    Advanced Pre-Tax    
   Sales Applicable to Sales Amortization Projects and Exploration Income (Loss) Total Assets Capital Expenditures(1)
Six Months Ended June 30, 2013                   
Nevada$1,128 $548 $119 $53 $390 $7,822 $243
La Herradura 161  82  13  21  45  479  64
Other North America -  -  -  1  (5)  68  -
 North America 1,289  630  132  75  430  8,369  307
                       
Yanacocha 875  355  167  23  282  2,977  89
Conga -  -  -  1  -  1,700  161
Other South America -  -  -  10  (12)  122  37
 South America 875  355  167  34  270  4,799  287
                       
Boddington:                    
 Gold 578  426  101            
 Copper 114  110  24            
  Total 692  536  125  -  (2,047)  2,334  54
Other Australia/New Zealand 724  495  104  24  (82)  1,639  83
 Australia/New Zealand 1,416  1,031  229  24  (2,129)  3,973  137
                       
Batu Hijau:                    
 Gold 26  70  15            
 Copper 169  460  90            
  Total 195  530  105  11  (481)  3,388  56
Other Indonesia -  -  -  -  2  4  -
 Indonesia 195  530  105  11  (479)  3,392  56
                       
Ahafo 395  151  37  24  175  1,545  116
Akyem -  -  -  5  (7)  1,159  159
Other Africa -  -  -  8  (11)  1  -
 Africa 395  151  37  37  157  2,705  275
                       
Corporate and Other -  -  12  52  (334)  3,238  7
Consolidated$4,170 $2,697 $682 $233 $(2,085) $26,476 $1,069
                       
 (1)Includes a decrease in accrued capital expenditures of $51; consolidated capital expenditures on a cash basis were $1,120.

                       
      Costs    Advanced Pre-Tax    
   Sales Applicable to Sales Amortization Projects and Exploration Income (Loss) Total Assets Capital Expenditures(1)
Six Months Ended June 30, 2012                    
Nevada$1,294 $525 $100 $77 $586 $7,280 $370
La Herradura 186  65  11  17  91  353  29
Other North America -  -  -  1  (4)  95  -
 North America 1,480  590  111  95  673  7,728  399
                       
Yanacocha 1,208  338  112  35  682  2,775  243
Conga -  -  -  39  (39)  1,462  342
Other South America -  -  -  44  (44)  24  20
 South America 1,208  338  112  118  599  4,261  605
                       
Boddington:                    
 Gold 562  294  81            
 Copper 103  68  18            
  Total 665  362  99  5  180  4,640  52
Other Australia/New Zealand 758  372  72  43  273  1,949  137
 Australia/New Zealand 1,423  734  171  48  453  6,589  189
                       
Batu Hijau:                    
 Gold 52  30  6            
 Copper 260  155  30            
  Total 312  185  36  14  32  3,651  61
Other Indonesia -  -  -  -  3  5  8
 Indonesia 312  185  36  14  35  3,656  69
                       
Ahafo 489  172  40  22  250  1,328  108
Akyem -  -  -  9  (10)  750  189
Other Africa -  -  -  5  (4)  9  -
 Africa 489  172  40  36  236  2,087  297
                       
Corporate and Other  -  -  9  67  (403)  4,339  17
Consolidated$4,912 $2,019 $479 $378 $1,593 $28,660 $1,576
                       
 (1)Includes a decrease in accrued capital expenditures of $2; consolidated capital expenditures on a cash basis were $1,578.
Reclamation and Remediation
RECLAMATION AND REMEDIATION

NOTE 4    RECLAMATION AND REMEDIATION

 

The Company's Reclamation and remediation expense consisted of:

 

   Three Months Ended June 30, Six Months Ended June 30, 
   2013 2012 2013 2012 
 Accretion - operating    15  13  30  27 
 Accretion - non-operating  3  3  6  5 
   $18 $16 $36 $32 
               

At June 30, 2013 and December 31, 2012, $1,360 and $1,341, respectively, were accrued for reclamation obligations relating to operating properties. In addition, the Company is involved in several matters concerning environmental obligations associated with former, primarily historic, mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. At June 30, 2013 and December 31, 2012, $188 and $198, respectively, were accrued for such obligations. These amounts are also included in Reclamation and remediation liabilities.

 

The following is a reconciliation of Reclamation and remediation liabilities:

 

   Six Months Ended June 30, 
   2013 2012 
 Balance at beginning of period   $1,539 $1,240 
 Additions, changes in estimates and other    (3)  105 
 Liabilities settled    (24)  (41) 
 Accretion expense    36  32 
 Balance at end of period   $1,548 $1,336 

The current portion of Reclamation and remediation liabilities of $77 and $82 at June 30, 2013 and December 31, 2012, respectively, are included in Other current liabilities (see Note 21).

 

Write-downs
WRITE-DOWNS
NOTE 5    WRITE-DOWNS 
                
    Three Months Ended June 30, Six Months Ended June 30, 
    2013 2012 2013 2012 
 Property, plant and mine development             
  Yanacocha $- $- $1 $- 
  Boddington  2,107  -  2,107  - 
  Other Australia/New Zealand    66  -  66  - 
  Batu Hijau  1  -  1  - 
     2,174  -  2,175  - 
 Other long-term assets             
  Boddington  31  -  31  - 
  Other Australia/New Zealand    56  -  56  - 
     87  -  87  - 
    $2,261 $- $2,262 $- 

Write-downs totaled $2,261 and $2,262 for the three and six months ended June 30, 2013, respectively. The 2013 write-down was primarily due to a decrease in the Company's long-term gold and copper price assumptions to $1,400 per ounce and $3.00 per pound, respectively, combined with rising operating costs. These factors represented significant changes in the business, requiring the Company to evaluate for impairment. For purposes of this evaluation, estimates of future cash flows of the individual reporting units were used to determine fair value. The estimated cash flows were derived from life-of-mine plans, developed using long-term pricing reflective of the current price environment and management's projections for operating costs. Refer to Note 14 for additional information.

 

Due to the above conditions, Goodwill was included in the Company's impairment analysis. After-tax discounted future cash flows of reporting units with Goodwill were analyzed. Goodwill at Other Australia / New Zealand had a carrying value of $188 at December 31, 2012. As a result of this evaluation, the Company recorded an impairment of $56, resulting in a carrying value of $132 at June 30, 2013.

Other Expense, Net
OTHER EXPENSE, NET

NOTE 6    OTHER EXPENSE, NET

 

Other Income, Net
OTHER INCOME, NET

NOTE 7    OTHER INCOME, NET

 

    Three Months Ended June 30, Six Months Ended June 30, 
    2013 2012 2013 2012 
 Foreign currency exchange, net $40 $12 $37 $(3) 
 Canadian Oil Sands  11  11  21  20 
 Development projects, net  7  19  8  33 
 Refinery income, net  4  2  7  7 
 Interest  2  2  6  7 
 Gain on asset sales, net  -  -  1  10 
 Reduction of allowance for loan receivable  -  -  -  21 
 Impairment of marketable securities  (7)  (8)  (11)  (32) 
 Derivative ineffectiveness, net  (3)  (2)  -  - 
 Other  (4)  -  7  6 
    $50 $36 $76 $69 
Income and Mining Taxes
INCOME AND MINING TAXES

NOTE 8    INCOME AND MINING TAXES

 

During the second quarter of 2013, the Company recorded an estimated income and mining tax benefit of $325, resulting in an effective tax rate of 12%. Estimated income and mining tax expense during the second quarter of 2012 was $175 for an effective tax rate of 32%. The lower effective tax rate on the loss in the second quarter of 2013 is a result of the significant decrease in pretax income resulting in a dilution to the impact of percentage depletion and an increase in the Company's valuation allowance on certain deferred tax assets.

During the first half of 2013, the estimated income and mining tax benefit was $144, resulting in an effective tax rate of 7%. Estimated income and mining tax expense during the first half of 2012 was $518 for an effective tax rate of 33%. The lower effective tax rate on the loss in the first six months of 2013 is primarily due to the result of the significant decrease in pretax income resulting in a dilution to the impact of percentage depletion and an increase in the Company's valuation allowance on certain deferred tax assets.

A valuation allowance is provided for those deferred tax assets for which it is more likely than not that the related benefits will not be realized. In determining the amount of the valuation allowance, each quarter the Company considers estimated future taxable income as well as feasible tax planning strategies in each jurisdiction to determine if the deferred tax assets are realizable. If it is determined that the Company will not realize all or a portion of its deferred tax assets, it will place or increase a valuation allowance. Conversely, if determined that it will ultimately be able to realize all or a portion of the related benefits for which a valuation allowance has been provided, all or a portion of the related valuation allowance will be reduced.

On the basis of available information at June 30, 2013, including the decrease in the Company's long-term commodity price assumptions, rising operating cost, and decrease in equity value, the Company concluded that it would not be able to realize the benefit from some of its deferred tax assets; as a result, the Company recorded a significant increase in its valuation allowance. This increase consists of $535 related to U.S. foreign and alternative minimum tax credits and $150 related to stockpile impairments.

The Company's income and mining tax expense differed from the amounts computed by applying the United States statutory corporate income tax rate for the following reasons:

    Three Months Ended June 30, Six Months Ended June 30,
    2013 2012 2013 2012
Income (loss) before income and mining                        
 tax and other items    $(2,627)    $557    $(2,085)    $1,593
                         
Tax at statutory rate 35% $(919) 35% $195 35% $(730) 35% $558
Reconciling items:                        
 Percentage depletion   2%  (52) (6)%  (34) 4%  (93) (7)%  (108)
 Change in valuation allowance on                         
  deferred tax assets (26)%  685 2%  13 (33)%  691 3%  46
 Other   1%  (39) 1%  1 1%  (12) 2%  22
Income and mining tax expense (benefit) 12% $(325) 32% $175 7% $(144) 33% $518

The Company operates in numerous countries around the world and accordingly it is subject to, and pays annual income taxes under, the various income tax regimes in the countries in which it operates. Some of these tax regimes are defined by contractual agreements with the local government, and others are defined by the general corporate income tax laws of the country. The Company has historically filed, and continues to file, all required income tax returns and pay the income taxes reasonably determined to be due. The tax rules and regulations in many countries are highly complex and subject to interpretation. From time to time the Company is subject to a review of its historic income tax filings and in connection with such reviews, disputes can arise with the taxing authorities over the interpretation or application of certain rules to the Company's business conducted within the country involved.

At June 30, 2013, the Company's total unrecognized tax benefit was $391 for uncertain income tax positions taken or expected to be taken on income tax returns. Of this, $44 represents the amount of unrecognized tax benefits that, if recognized, would affect the Company's effective income tax rate.

 

As a result of the statute of limitations that expire in the next 12 months in various jurisdictions, and possible settlements of audit-related issues with taxing authorities in various jurisdictions with respect to which none of the issues are individually significant, the Company believes that it is reasonably possible that the total amount of its net unrecognized income tax benefits will decrease by approximately $5 to $10 in the next 12 months.

Discontinued Operations
DISCONTINUED OPERATIONS

NOTE 9    DISCONTINUED OPERATIONS

 

Discontinued operations include Holloway Mining Company, which owned the Holt-McDermott property (“Holt property”) that was sold to St. Andrew Goldfields Ltd. (“St. Andrew”) in 2006. In 2009, the Superior Court issued a decision finding Newmont Canada Corporation (“Newmont Canada”) liable for a sliding scale royalty on production from the Holt property, which was upheld in 2011 by the Ontario Court of Appeal. During the first half of 2013, the Company recorded a benefit from discontinued operations of $74, net of tax expense of $34, related to a decline in the gold spot price and an increase in discount rates. During the first half of 2012, the Company recorded a $71 charge, net of tax benefits of $4, to reflect an increase in future expected production at the Holt property due to new reserve and resource estimates published by St. Andrew.

 

Net operating cash used in discontinued operations of $11 and $8 in the first half of 2013 and 2012 relates to payments on the Holt property royalty.

Net Income Attributable to Noncontrolling Interests
NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS

NOTE 10    NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS

 

   Three Months Ended June 30, Six Months Ended June 30, 
   2013 2012 2013 2012 
 Minera Yanacocha   $26 $97 $83 $195 
 TMAC  (2)  -  (14)  - 
 Batu Hijau    (238)  (5)  (241)  8 
 Other    2  -  2  2 
   $(212) $92 $(170) $205 

Newmont has a 51.35% ownership interest in Minera Yanacocha S.R.L. (“Yanacocha”), with the remaining interests held by Compañia de Minas Buenaventura, S.A.A. (43.65%) and the International Finance Corporation (5%).

 

Newmont has a 70.4% economic ownership interest in TMAC, with remaining interests held by various outside investors.

 

Newmont has a 48.5% effective economic interest in PT Newmont Nusa Tenggara (“PTNNT”) with remaining interests held by an affiliate of Sumitomo Corporation of Japan and various Indonesian entities. PTNNT operates the Batu Hijau copper and gold mine in Indonesia. Based on ASC guidance for variable interest entities, Newmont consolidates PTNNT in its Condensed Consolidated Financial Statements.

 

Income Per Common Share
INCOME PER COMMON SHARE

NOTE 11    INCOME (LOSS) PER COMMON SHARE

 

Basic income (loss) per common share is computed by dividing income (loss) available to Newmont common stockholders by the weighted average number of common shares outstanding during the period. Diluted income (loss) per common share is computed similarly except that weighted average common shares is increased to reflect all dilutive instruments.

 

     Three Months Ended June 30, Six Months Ended June 30, 
     2013 2012 2013 2012 
                 
 Net income (loss) attributable to Newmont             
  stockholders             
    Continuing operations  $(2,093) $279 $(1,778) $840 
    Discontinued operations   74  -  74  (71) 
     $(2,019) $279 $(1,704) $769 
                 
 Weighted average common shares (millions):            
  Basic   497  496  497  496 
  Effect of employee stock-based awards   -  1  -  1 
  Effect of convertible notes -  1  -  5 
  Diluted   497  498  497  502 
                 
 Income (loss) per common share            
   Basic:            
    Continuing operations  $(4.21) $0.56 $(3.58) $1.69 
    Discontinued operations   0.15  -  0.15  (0.14) 
     $(4.06) $0.56 $(3.43) $1.55 
   Diluted:            
    Continuing operations  $(4.21) $0.56 $(3.58) $1.67 
    Discontinued operations   0.15  -  0.15  (0.14) 
     $(4.06) $0.56 $(3.43) $1.53 

Options to purchase 4 and 2 million shares of common stock at average exercise prices of $48 and $58 were outstanding at June 30, 2013 and 2012, respectively, but were not included in the computation of diluted weighted average common shares because their exercise prices exceeded the average price of the Company's common stock for the respective periods presented.

 

Other outstanding options to purchase 1 million shares of common stock were not included in the computation of diluted weighted average common shares in the second quarter and first half of 2013 because their effect would have been anti-dilutive.

 

Newmont is required to settle the principal amount of its 2014 and 2017 Convertible Senior Notes in cash and may elect to settle the remaining conversion premium (average share price in excess of the conversion price), if any, in cash, shares or a combination thereof. The effect of contingently convertible instruments on diluted earnings per share is calculated under the net share settlement method in accordance with ASC guidance. The average price of the Company's common stock exceeded the conversion prices for all periods presented, resulting in additional shares included in the computation of diluted weighted average common shares.

 

In February 2012, the holders of the Company's 2012 Convertible Senior Notes exercised their election to convert the notes. The Company elected to pay the $172 conversion premium with cash, and as a result no common shares were issued.

 

Employee Pension and Other Benefit Plans
EMPLOYEE PENSION AND OTHER BENEFIT PLANS

NOTE 12    EMPLOYEE PENSION AND OTHER BENEFIT PLANS

 

    Three Months Ended June 30, Six Months Ended June 30, 
    2013 2012 2013 2012 
 Pension benefit costs, net              
  Service cost   $9 $8 $18 $15 
  Interest cost    10  11  20  21 
  Expected return on plan assets    (13)  (11)  (25)  (22) 
  Amortization, net  10  8  18  14 
    $16 $16 $31 $28 
                
    Three Months Ended June 30, Six Months Ended June 30, 
    2013 2012 2013 2012 
 Other benefit costs, net              
  Service cost   $1 $- $2 $1 
  Interest cost    2  2  3  3 
    $3 $2 $5 $4 
Stock Based Compensation
STOCK BASED COMPENSATION

NOTE 13    STOCK BASED COMPENSATION

 

   Three Months Ended June 30, Six Months Ended June 30, 
   2013 2012 2013 2012 
 Stock options   $2 $3 $5 $7 
 Restricted stock units  7  6  16  11 
 Performance leveraged stock units  2  3  4  6 
 Strategic stock units  3  1  3  1 
   $14 $13 $28 $25 
Fair Value Accounting
FAIR VALUE ACCOUNTING

NOTE 14    FAIR VALUE ACCOUNTING

 

Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

 

Level 1       Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

 

Level 2       Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

 

Level 3       Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

 

The following table sets forth the Company's assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

 

    Fair Value at June 30, 2013 
    Total Level 1 Level 2 Level 3 
 Assets:            
  Cash equivalents  $32 $32 $- $- 
  Marketable equity securities:              
   Extractive industries 979  979  -  - 
   Other 4  4  -  - 
  Marketable debt securities:            
   Asset backed commercial paper   22  -  -  22 
   Corporate 13  -  13  - 
   Auction rate securities   4  -  -  4 
  Trade receivable from provisional copper             
   and gold concentrate sales, net  139  139  -  - 
    $1,193 $1,154 $13 $26 
 Liabilities:            
  Derivative instruments, net:              
   Foreign exchange forward contracts$168 $- $168 $- 
   Diesel forward contracts 3  -  3  - 
  Boddington contingent consideration 28  -  -  28 
  Holt property royalty 121  -  -  121 
    $320 $- $171 $149 

The fair values of the derivative instruments in the table above are presented on a net basis. The gross amounts related to the fair value of the derivatives instruments above are included in the Derivatives Instruments Note (see Note 15). All other Fair Value disclosures in the above table are presented on a gross basis.

 

The Company's cash equivalent instruments are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The cash equivalent instruments that are valued based on quoted market prices in active markets are primarily money market securities and U.S. Treasury securities.

 

The Company's marketable equity securities are valued using quoted market prices in active markets and as such are classified within Level 1 of the fair value hierarchy. The securities are segregated based on industry. The fair value of the marketable equity securities is calculated as the quoted market price of the marketable equity security multiplied by the quantity of shares held by the Company.

 

The Company's marketable corporate debt securities are mainly comingled fund investments that are classified within Level 2 with the unit of account considered to be at the fund level. Therefore, the investments are classified as Level 2 of the fair value hierarchy.

 

The Company's marketable debt securities also include investments in auction rate securities and asset backed commercial paper. The Company reviews the fair value for auction rate securities and asset backed commercial paper on a quarterly basis. The auction rate securities are traded in markets that are not active, trade infrequently and have little price transparency. Therefore, the investments are classified as Level 3 of the fair value hierarchy. See table below which sets forth a summary of the quantitative and qualitative information related to the significant unobservable inputs used in the calculation of the fair value.

 

The Company's net trade receivable from provisional copper and gold concentrate sales, subject to final pricing, is valued using quoted market prices based on forward curves and, as such, is classified within Level 1 of the fair value hierarchy.

 

The Company's derivative instruments are valued using pricing models and the Company generally uses similar models to value similar instruments. Valuation models require a variety of inputs, including contractual terms, market prices, yield curves, credit spreads, measures of volatility, and correlations of such inputs. The Company's derivatives trade in liquid markets, and as such, model inputs can generally be verified and do not involve significant management judgment. Such instruments are classified within Level 2 of the fair value hierarchy.

 

The estimated value of the Boddington contingent royalty was determined using a Monte Carlo valuation model which simulates future gold and copper prices and costs applicable to sales. This contingent royalty is capped at $100, and at June 30, 2012, the Company increased the accrual to the maximum of $100. The Boddington contingent royalty is classified within Level 3 of the fair value hierarchy. See table below which sets forth a summary of the quantitative and qualitative information related to the significant unobservable inputs used in the calculation of the fair value.

 

The estimated fair value of the Holt sliding scale royalty was determined using a Monte Carlo valuation model. The sliding scale royalty liability is classified within Level 3 of the fair value hierarchy. See table below which sets forth a summary of the quantitative and qualitative information related to the significant unobservable inputs used in the calculation of the fair value.

 

The following table sets forth a summary of the quantitative and qualitative information related to the unobservable inputs used in the calculation of the Company's Level 3 financial assets and liabilities for the six months ended June 30, 2013:

                
Description At June 30, 2013 Valuation technique Unobservable input Range/Weighted average  
               
 Auction Rate Securities $4  Discounted cash flow  Weighted average recoverability rate  58% 
 Asset Backed Commercial Paper  22  Discounted cash flow  Recoverability rate  72-88% 
 Boddington Contingent Consideration  28  Monte Carlo   Discount rate  5% 
          Long Term Gold price $1,400  
          Long Term Copper price $3.00  
 Holt property royalty  121  Monte Carlo   Weighted average discount rate  5% 
          Long Term Gold price $1,400  

 

The following table sets forth a summary of changes in the fair value of the Company's Level 3 financial assets and liabilities for the six months ended June 30, 2013:

 

    Auction Rate Securities Asset Backed Commercial Paper Total Assets Boddington Contingent Royalty Holt Property Royalty Total Liabilities 
 Balance at beginning of period   $5 $19 $24 $41 $240 $281 
  Unrealized loss  (1)  -  (1)  -  -  - 
  Settlements  -  -  -  (13)  (11)  (24) 
  Revaluation  -  3  3  -  (108)  (108) 
 Balance at end of period   $4 $22 $26 $28 $121 $149 

At June 30, 2013, assets and liabilities classified within Level 3 of the fair value hierarchy represent 2% and 47%, respectively, of total assets and liabilities measured at fair value.

 

Derivative Instruments
DERIVATIVE INSTRUMENTS

NOTE 15    DERIVATIVE INSTRUMENTS

The Company's strategy is to provide shareholders with leverage to changes in gold and copper prices by selling its production at spot market prices. Consequently, the Company does not hedge its gold and copper sales. The Company continues to manage certain risks associated with commodity input costs, interest rates and foreign currencies using the derivative market. All of the derivative instruments described below were transacted for risk management purposes and qualify as cash flow hedges.

Cash Flow Hedges

The foreign currency, diesel and forward starting swap contracts are designated as cash flow hedges, and as such, the effective portion of unrealized changes in market value have been recorded in Accumulated other comprehensive income(loss) and are reclassified to earnings during the period in which the hedged transaction affects earnings. Gains and losses from hedge ineffectiveness are recognized in current earnings.

Foreign Currency Contracts

 

Newmont utilizes foreign currency contracts to reduce the variability of the US dollar amount of forecasted foreign currency expenditures caused by changes in exchange rates. Newmont hedges a portion of the Company's A$ and NZ$ denominated operating expenditures which results in a blended rate realized each period. The hedging instruments are fixed forward contracts with expiration dates ranging up to five years from the date of issue. The principal hedging objective is reduction in the volatility of realized period-on-period $/A$ and $/NZ$ rates, respectively.

 

Newmont had the following foreign currency derivative contracts outstanding at June 30, 2013:

    Expected Maturity Date 
                Total/ 
    2013 2014 2015 2016 2017 2018 Average 
 A$ Operating Fixed Forward Contracts:                       
  A$ notional (millions)    656  1,117  847  564  273  44  3,501 
  Average rate ($/A$)    0.95  0.93  0.92  0.92  0.91  0.89  0.93 
  Expected hedge ratio  83% 67% 51% 33% 17% 7%   
 NZ$ Operating Fixed Forward Contracts:                       
  NZ$ notional (millions)    40  50  10  -  -  -  100 
  Average rate ($/NZ$)    0.80  0.80  0.79  -  -  -  0.80 
  Expected hedge ratio  63% 41% 16% -  -  -    

Diesel Fixed Forward Contracts

Newmont hedges a portion of its operating cost exposure related to diesel consumed at its Nevada operations to reduce the variability in realized diesel prices. The hedging instruments consist of a series of financially settled fixed forward contracts with expiration dates up to three years.

Newmont had the following diesel derivative contracts outstanding at June 30, 2013:

    Expected Maturity Date 
              Total/ 
    2013 2014 2015 2016  Average 
 Diesel Fixed Forward Contracts:                  
  Diesel gallons (millions)    14  21  10  2   47 
  Average rate ($/gallon)    2.90  2.87  2.77  2.70   2.85 
  Expected hedge ratio  65% 49% 25% 7%    

Forward Starting Swap Contracts

During 2011, Newmont entered into forward starting interest rate swap contracts with a total notional value of $2,000. These contracts hedged movements in treasury rates related to a debt issuance that occurred in the first quarter of 2012. On March 8, 2012, Newmont closed its sale of $2,500 senior notes consisting of 3.5% senior notes due 2022 in the principal amount of $1,500 (10-year notes), and 4.875% senior notes due 2042 in the principal amount of $1,000 (30-year notes). As a result, the forward-starting interest rate swaps were settled for $362, of which $349 represented the effective portion of the hedging instrument included in Accumulated other comprehensive income (loss). The net proceeds from the debt issuance were adjusted by the settlement amount of the swap contracts and included as a financing activity in the Condensed Consolidated Statements of Cash Flow.

Derivative Instrument Fair Values

Newmont had the following derivative instruments designated as hedges at June 30, 2013 and December 31, 2012:

   Fair Value 
   At June 30, 2013 
   Other Current Assets Other Long-Term Assets Other Current Liabilities Other Long-Term Liabilities 
 Foreign currency exchange contracts:            
  A$ operating fixed forwards  $16 $16 $64 $133 
  NZ$ operating fixed forwards -  -  2  1 
 Diesel fixed forwards -  -  2  1 
 Total derivative instruments (Notes 19 and 21)$16 $16 $68 $135 
               
   Fair Value 
   At December 31, 2012 
   Other Current Assets Other Long-Term Assets Other Current Liabilities Other Long-Term Liabilities 
 Foreign currency exchange contracts:            
  A$ operating fixed forwards  $108  143  -  1 
  NZ$ operating fixed forwards   2  -  -  - 
 Diesel fixed forwards 2  1  1  1 
 Total derivative instruments (Notes 19 and 21)$112 $144 $1 $2 

The following tables show the location and amount of gains (losses) reported in the Company's Condensed Consolidated Financial Statements related to the Company's cash flow hedges.

   Foreign Currency Diesel Forward  Forward Starting
   Exchange ContractsContracts Swap Contracts
   2013 2012 2013 2012 2013 2012
 For the three months ended June 30,                 
 Cash flow hedging relationships:                 
  Gain (loss) recognized in other comprehensive income (loss) (effective portion)  $(386) $23 $(6) $(16) $- $-
  Gain (loss) reclassified from Accumulated other comprehensive income into income (loss) (effective portion) (1)   22  38  (4)  1  (6)  (3)
  Gain (Loss) reclassified from Accumulated other comprehensive income into income (loss) (ineffective portion) (2)   -  -  (3)  -  -  -
                    
 For the six months ended June 30,                 
 Cash flow hedging relationships:                 
  Gain (loss) recognized in other comprehensive income (loss) (effective portion)  $(368) $85 $(4) $(4) $- $36
  Gain (loss) reclassified from Accumulated other comprehensive income into income (loss) (effective portion) (1)   60  85  -  4  (9)  (4)
  Gain (loss) reclassified from Accumulated other comprehensive income into income (loss) (ineffective portion) (2)   -  -  -  -  -  2

(1) The gain (loss) recognized for the effective portion of cash flow hedges is included in Cost Applicable to Sales, Write-downs and Interest expense, net.

(2) The ineffective portion recognized for cash flow hedges is included in Other income, net.

 

The amount to be reclassified from Accumulated other comprehensive income(loss), net of tax to income for derivative instruments during the next 12 months is a loss of approximately $46.

 

Provisional Copper and Gold Sales

 

The Company's provisional copper and gold sales contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of the gold and copper concentrates at the prevailing indices' prices at the time of sale. The embedded derivative, which does not qualify for hedge accounting, is marked to market through earnings each period prior to final settlement.

 

London Metal Exchange (“LME”) copper prices averaged $3.25 per pound during the three months ended June 30, 2013, compared with the Company's recorded average provisional price of $3.22 per pound before mark-to-market adjustments and treatment and refining charges. LME copper prices averaged $3.42 per pound during the six months ended June 30, 2013, compared with the Company's recorded average provisional price of $3.38 per pound before mark-to-market adjustments and treatment and refining charges. During the three and six months ended June 30, 2013, changes in copper prices resulted in a provisional pricing mark-to-market loss of $15 ($0.27 per pound) and loss of $24 ($0.25 per pound), respectively. At June 30, 2013, Newmont had copper sales of 54 million pounds priced at an average of $3.07 per pound, subject to final pricing over the next several months.

 

The average London P.M. fix for gold was $1,415 per ounce during the three months ended June 30, 2013, compared with the Company's recorded average provisional price of $1,408 per ounce before mark-to-market adjustments and treatment and refining charges. The average London P.M. fix for gold was $1,523 per ounce during the six months ended June 30, 2013, compared to the Company's recorded average provisional price of $1,517 per ounce before mark-to-market adjustments and treatment and refining charges. During the three and six months ended June 30, 2013, changes in gold prices resulted in a provisional pricing mark-to-market loss of $24 ($18 per ounce) and loss of $22 ($9 per ounce), respectively. At June 30, 2013, Newmont had gold sales of 88,000 ounces priced at an average of $1,192 per ounce, subject to final pricing over the next several months.

 

Investments
INVESTMENTS

NOTE 16    INVESTMENTS

 

     At June 30, 2013 
     Cost/Equity Unrealized Fair/Equity 
     Basis Gain Loss Basis 
 Current:              
  Marketable Equity Securities:             
   Canadian Oil Sands Ltd. $293 $279 $- $572 
   Paladin Energy Ltd.  60  -  (17)  43 
   Other  15  3  (5)  13 
     $368 $282 $(22) $628 
                 
 Long-term:              
  Marketable Debt Securities:             
   Asset backed commercial paper  $24 $- $(2) $22 
   Auction rate securities    7  -  (3)  4 
   Corporate    13  -  -  13 
      44  -  (5)  39 
  Marketable Equity Securities:              
   Gabriel Resources Ltd.    74  -  (7)  67 
   Regis Resources Ltd.  166  91  -  257 
   Other    44  2  (15)  31 
      284  93  (22)  355 
                 
  Other investments, at cost     13  -  -  13 
                 
  Investment in Affiliates:             
   Euronimba Ltd.  3  -  -  3 
   Minera La Zanja S.R.L.  75  -  -  75 
     $419 $93 $(27) $485 
                 

     At December 31, 2012 
     Cost/Equity Unrealized Fair/Equity 
     Basis Gain Loss Basis 
 Current:              
  Marketable Equity Securities:             
   Paladin Energy Ltd. $60 $- $(3) $57 
   Other  17  14  (2)  29 
     $77 $14 $(5) $86 
 Long-term:              
  Marketable Debt Securities:              
   Asset backed commercial paper  $25 $- $(6) $19 
   Auction rate securities    7  -  (2)  5 
   Corporate    14  -  -  14 
      46  -  (8)  38 
  Marketable Equity Securities:              
   Canadian Oil Sands Trust  310  318  -  628 
   Gabriel Resources Ltd.    78  42  -  120 
   Regis Resources Ltd.  166  352  -  518 
   Other    51  14  -  65 
      605  726  -  1,331 
                 
  Other investments, at cost     12  -  -  12 
                 
  Investment in Affiliates:              
   Minera La Zanja S.R.L.  65  -  -  65 
     $728 $726 $(8) $1,446 

Subsequent to June 30, 2013, on July 8, 2013, the Company sold its investment in Canadian Oil Sands Trust for approximately C$608, resulting in a pretax gain of approximately $300 to be recorded in Other income, net.

 

The following tables present the gross unrealized losses and fair value of the Company's investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by length of time that the individual securities have been in a continuous unrealized loss position:

 

  Less than 12 Months  12 Months or Greater  Total
At June 30, 2013 Fair Value  Unrealized Losses  Fair Value  Unrealized Losses  Fair Value  Unrealized Losses
Marketable equity securities$ 143 $ 44 $ -  $ -  $ 143 $ 44
Asset backed commercial paper   -    -    22   2   22   2
Auction rate securities    -    -    4   3   4   3
 $ 143 $ 44 $ 26 $ 5 $ 169 $ 49
                  
                  
                  
  Less than 12 Months  12 Months or Greater  Total
At December 31, 2012 Fair Value  Unrealized Losses  Fair Value  Unrealized Losses  Fair Value  Unrealized Losses
Marketable equity securities$ 79 $ 5 $ -  $ -  $ 79 $ 5
Asset backed commercial paper   -    -    19   6   19   6
Auction rate securities    -    -    5   2   5   2
 $ 79 $ 5 $ 24 $ 8 $ 103 $ 13

While the fair values of the Company's investments in asset backed commercial paper and auction rate securities are below their respective cost, the Company views these declines as temporary. The Company intends to hold its investment in auction rate securities and asset backed commercial paper until maturity or such time that the market recovers and therefore considers these losses temporary.

 

Inventories
INVENTORIES

NOTE 17    INVENTORIES

 

         
   At June 30, At December 31, 
  20132012 
 In-process $110 $143 
 Concentrate  153  152 
 Precious metals  29  31 
 Materials, supplies and other  511  470 
   $803 $796 

The Company recorded write-downs of $12 and $3, classified as components of Costs applicable to sales and Amortization, respectively, for the first half of 2013, to reduce the carrying value of inventories to net realizable value. Of the write-downs in 2013, $1 is related to Nevada, $7 to Boddington, $1 to Other Australia/New Zealand and $6 to Batu Hijau.

 

Stockpiles and Ore on Leach Pads
STOCKPILES AND ORE ON LEACH PADS

NOTE 18    STOCKPILES AND ORE ON LEACH PADS

 

         
   At June 30, At December 31, 
   20132012 
 Current:      
  Stockpiles$ 517 $ 602 
  Ore on leach pads  221   184 
   $ 738 $ 786 
 Long-term:      
  Stockpiles$ 2,475 $ 2,514 
  Ore on leach pads  254   382 
   $ 2,729 $ 2,896 

   At June 30, At December 31, 
   2013 2012 
 Stockpiles and ore on leach pads:      
  Nevada$829 $699 
  La Herradura 78  57 
  Yanacocha 504  498 
  Boddington 389  474 
  Batu Hijau 1,289  1,543 
  Other Australia/New Zealand 115  173 
  Ahafo 252  235 
  Akyem 11  3 
   $3,467 $3,682 

The Company recorded write-downs of $555 and $126, classified as components of Costs applicable to sales and Amortization, respectively, for the first half of 2013 to reduce the carrying value of stockpiles and ore on leach pads to net realizable value. The Company recorded write-downs of $22 for the first half of 2012. Of the write-downs in 2013, $83 are related to Yanacocha, $105 to Boddington, $54 to Other Australia/New Zealand and $439 to Batu Hijau. Of the write-downs in 2012, $20 are related to Other Australia/New Zealand and $2 related to Yanacocha.

Other Assets
OTHER ASSETS

NOTE 19    OTHER ASSETS

 

   At June 30, At December 31, 
   20132012 
 Other current assets:      
  Refinery metal inventory and receivable$530 $1,183 
  Prepaid assets 200  213 
  Derivative instruments  16  112 
  Restricted cash -  12 
  Other   98  141 
   $844 $1,661 
         
 Other long-term assets:      
  Income tax receivable$214 $92 
  Goodwill 132  188 
  Intangible assets 104  136 
  Restricted cash   94  90 
  Prepaid royalties 78  78 
  Debt issuance costs   67  73 
  Derivative instruments 16  144 
  Prepaid maintenance costs 23  17 
  Other   80  54 
   $808 $872 
Debt
DEBT

NOTE 20    DEBT

 

 At June 30, 2013 At December 31, 2012 
 Current Non-Current Current Non-Current 
Corporate revolving credit facility$ -  $ 310 $ -  $ -  
2014 Convertible Senior Notes, net  -    548   -    535 
2017 Convertible Senior Notes, net  -    481   -    471 
2019 Senior Notes, net   -    897   -    897 
2022 Senior Notes, net   -    1,490   -    1,489 
2035 Senior Notes, net   -    598   -    598 
2039 Senior Notes, net   -    1,087   -    1,087 
2042 Senior Notes, net   -    992   -    992 
Ahafo project finance facility    10   30   10   35 
PTNNT revolving credit facility  -    290   -    180 
Other   38   3   -    4 
 $ 48 $ 6,726 $ 10 $ 6,288 
             

Scheduled minimum debt repayments are $43 for the remainder of 2013, $558 in 2014, $11 in 2015, $11 in 2016, $1,087 in 2017 and $5,064 thereafter.

 

Corporate Revolving Credit Facility

 

At June 30, 2013, we had $310 in borrowings outstanding and $325 outstanding in letters of credit under the facility.

 

Other Liabilities
OTHER LIABILITIES

NOTE 21    OTHER LIABILITIES

 

         
   At June 30, At December 31, 
   20132012 
 Other current liabilities:      
  Refinery metal payable$530 $1,183 
  Accrued operating costs 169  336 
  Accrued capital expenditures 123  172 
  Reclamation and remediation liabilities 77  82 
  Interest 74  74 
  Derivative instruments 68  1 
  Deferred income tax 64  65 
  Royalties 38  42 
  Holt property royalty 13  21 
  Boddington contingent consideration -  26 
  Taxes other than income and mining 7  14 
  Other 115  68 
   $1,278 $2,084 
         
 Other long-term liabilities:      
  Derivative instruments$135 $2 
  Holt property royalty 108  219 
  Income and mining taxes   71  65 
  Power supply agreements 40  46 
  Deferred income tax from discontinued operations 34  - 
  Boddington contingent consideration  28  15 
  Other  23  25 
   $439 $372 
         
Changes in Equity
CHANGES IN EQUITY

NOTE 22    CHANGES IN EQUITY

 

     Six Months Ended June 30, 
     2013 2012 
 Common stock:       
  At beginning of period $787 $784 
   Stock based awards   2  2 
  At end of period    789  786 
           
 Additional paid-in capital:       
  At beginning of period    8,330  8,408 
   Conversion premium on convertible notes  0  (172) 
   Stock based awards  53  55 
   Sale of noncontrolling interests  48   -  
  At end of period    8,431  8,291 
          
 Accumulated other comprehensive income (loss):       
  At beginning of period    490  652 
   Other comprehensive income (loss)  (561)  (291) 
  At end of period    (71)  361 
           
 Retained earnings:       
  At beginning of period    4,166  3,052 
   Net income (loss) attributable to Newmont stockholders    (1,704)  769 
   Dividends paid    (385)  (347) 
  At end of period    2,077  3,474 
           
 Noncontrolling interests:       
  At beginning of period    3,175  2,875 
   Net income (loss) attributable to noncontrolling interests    (170)  205 
   Dividends paid to noncontrolling interests  (2)  (3) 
   Sale of noncontrolling interests, net  10  0 
   Other comprehensive income    (1)  0 
  At end of period    3,012  3,077 
 Total equity   $14,238 $15,989 
           
Reclassifications out of Accumulated OCI
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 23 RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

 

   Unrealized gain on marketable securities, net Foreign currency translation adjustments Pension and other post-retirement benefit adjustments Changes in fair value of cash flow hedge instruments Total
                 
December 31, 2012 $542 $177 $(276) $47 $490
                 
Change in other comprehensive income                
 (loss) before reclassifications  (287)  (21)  (1)  (237)  (546)
Reclassifications from accumulated                
 other comprehensive income (loss)  8  -  12  (35)  (15)
Net current-period other                
 comprehensive income (loss)  (279)  (21)  11  (272)  (561)
June 30, 2013 $263 $156 $(265) $(225) $(71)

 Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Condensed Consolidated Statement of Income (Loss) 
     Three Months Ended June 30, 2013 Six Months Ended June 30, 2013    
 Unrealized gain on marketable securities:          
   Impairment of marketable securities $7 $11  Other income, net 
  Total before tax  7  11    
  Tax expense  (2)  (3)    
  Net of tax $5 $8    
              
 Pension liability adjustments:          
   Amortization, net $10 $18  (1) 
  Total before tax  10  18    
  Tax expense  (3)  (6)    
  Net of tax $7 $12    
              
 Gain (loss) on hedge instruments:          
   Operating cash flow hedges $(37) $(79)  Costs applicable to sales 
   Capital cash flow hedges  1  1  Amortization 
   Capital cash flow hedges  18  18  Write-downs 
   Forward starting swap hedges  6  9  Interest expense, net 
   Hedge ineffectiveness  3  -  Other income, net 
  Total before tax  (9)  (51)    
  Tax benefit  4  16    
  Net of tax $(5) $(35)    
              
 Total reclassifications for the period,          
  net of tax $7 $(15)    
              
 (1)  This accumulated other comprehensive income (loss) component is included in General and administrative and costs that benefit the inventory/production process. Refer to Note 2 in the Newmont Annual Report on Form 10-K for the year ended December 31, 2012 for information on costs that benefit the inventory/production process. 
Net Change in Operating Assets and Liabilities
NET CHANGE IN OPERATING ASSETS AND LIABILITIES

NOTE 24 NET CHANGE IN OPERATING ASSETS AND LIABILITIES

 

Net cash provided from operations attributable to the net change in operating assets and liabilities is composed of the following:

 

   Six Months Ended June 30, 
   2013 2012 
 Decrease (increase) in operating assets:      
  Trade and accounts receivable  $187 $(14) 
  Inventories, stockpiles and ore on leach pads   (405)  (443) 
  EGR refinery assets   623  406 
  Other assets   8  (43) 
 Decrease in operating liabilities:      
  Accounts payable and other accrued liabilities   (227)  (227) 
  EGR refinery liabilities   (623)  (406) 
  Reclamation liabilities   (24)  (41) 
   $(461) $(768) 
Condensed Consolidating Financial Statements
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

NOTE 25    CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

The following Condensed Consolidating Financial Statements are presented to satisfy disclosure requirements of Rule 3-10(e) of Regulation S-X resulting from the inclusion of Newmont USA Limited (“Newmont USA”), a wholly-owned subsidiary of Newmont, as a co-registrant with Newmont on debt securities issued under a shelf registration statement on Form S-3 filed under the Securities Act of 1933 under which securities of Newmont (including debt securities guaranteed by Newmont USA) may be issued (the “Shelf Registration Statement”). In accordance with Rule 3-10(e) of Regulation S-X, Newmont USA, as the subsidiary guarantor, is 100% owned by Newmont, the guarantees are full and unconditional, and no other subsidiary of Newmont guaranteed any security issued under the Shelf Registration Statement. There are no restrictions on the ability of Newmont or Newmont USA to obtain funds from its subsidiaries by dividend or loan.

 

At December 31, 2012, errors were identified in the previously reported condensed consolidating financial statements resulting from incorrectly applying the provisions of Rule 3-10(e) of Regulation S-X related to the presentation of the financial information of its subsidiary guarantor, Newmont USA. In the previously reported information, the Company presented Newmont USA on a consolidated basis with its non-guarantor subsidiaries and under Rule 3-10 of Regulation S-X Newmont USA should have presented its investment in subsidiaries based upon its proportionate share of its non-guarantor subsidiaries' net assets (similar to the equity method of accounting). In addition, the Company corrected the Newmont Mining Corporation column for investments in subsidiaries previously presented in the Eliminations column. The tables following the revised condensed consolidating financial statements illustrate the effects of the errors, which relate to the columns for Newmont Mining Corporation, Newmont USA, Other Subsidiaries and Eliminations, on previously reported condensed consolidating financial information for the three and six months ended June 30, 2012.

 

The errors to the Newmont USA column for the incorrect presentation resulted in no change in previously reported line items for net income attributable to Newmont and stockholders' equity. It did however have a significant impact on the previously reported cash balance, and cash flow from operations, investing and financing activities of Newmont USA as a result of the deconsolidation of its subsidiaries and the one line proportionate accounting pick up. Further, the Other Subsidiaries column changed by corresponding adjustments and to give effect to intercompany balances to include the non-guarantor subsidiaries of Newmont USA and the Eliminations column changes as a result of the above changes. In addition, the Company corrected an error in the Newmont Mining Corporation column related to stockholders' equity and investment in subsidiaries. This was a result of a gain associated with a partial sale of a subsidiary that was previously included in the Eliminations column. The cash flow statement in the Newmont Mining Corporation column was revised to reflect earnings from subsidiaries, net of dividends received.

 

The Company concluded these errors were not material individually or in the aggregate to any of the previously issued financial statements taken as a whole. These errors had no impact on the consolidated financial statements of Newmont or any debt covenants and had no impact on the ability of Newmont's subsidiaries to dividend cash to Newmont. The impact of these corrections to the applicable prior year period is reflected in the revised financial information and notes below.

 

The Company will revise the September 30, 2012 financial statements to reflect the revisions discussed above in the Quarterly Reports on Form 10-Q for the quarterly periods in 2013.

 

In addition to the above, in April of the current year the Company merged one of its subsidiaries into Newmont USA. As a result of this merger, the prior periods presented have been revised to reflect this change as if the transaction had occurred at the beginning of the earliest period presented in accordance with the accounting guidance for business combinations between entities under common control.

   Three Months Ended June 30, 2013
       Newmont
   Newmont      Mining
   Mining Newmont Other  Corporation
Condensed Consolidating Statement of Income Corporation USA Subsidiaries Eliminations Consolidated
                 
Sales $- $517 $1,476 $- $1,993
                 
Costs and expenses               
 Costs applicable to sales (1)  -  246  1,407  -  1,653
 Amortization    -  48  367  -  415
 Reclamation and remediation   -  2  16  -  18
 Exploration    -  17  59  -  76
 Advanced projects, research and development    -  10  36  -  46
 General and administrative    -  24  30  -  54
 Write-downs   -  -  2,261  -  2,261
 Other expense, net  -  14  63  -  77
    -  361  4,239  -  4,600
                 
Other income (expense)                
 Other income, net    2  5  43  -  50
 Interest income - intercompany    34  8  (3)  (39)  -
 Interest expense - intercompany    (3)  -  (36)  39  -
 Interest expense, net    (68)  (4)  2  -  (70)
    (35)  9  6  -  (20)
Income (loss) before income and mining tax and other items    (35)  165  (2,757)  -  (2,627)
Income and mining tax benefit (expense)  12  (71)  384  -  325
Equity income (loss) of affiliates    (1,996)  (464)  (163)  2,620  (3)
Income (loss) from continuing operations    (2,019)  (370)  (2,536)  2,620  (2,305)
Income (loss) from discontinued operations    -  -  74  -  74
Net income (loss)  (2,019)  (370)  (2,462)  2,620  (2,231)
Net loss (income) attributable to noncontrolling interests  -  -  323  (111)  212
Net income (loss) attributable to Newmont stockholders $(2,019) $(370) $(2,139) $2,509 $(2,019)
                 
Comprehensive income (loss) $(2,518) $(382) $(3,013) $3,182 $(2,731)
Comprehensive loss (income) attributable to                
 noncontrolling interests  -  -  323  (111)  212
Comprehensive income (loss) attributable to Newmont               
 stockholders $(2,518) $(382) $(2,690) $3,071 $(2,519)

##SR

(1) Excludes Amortization and Reclamation and remediation.

 

                 
   Three Months Ended June 30, 2012
               Newmont
   Newmont         Mining
   Mining Newmont Other    Corporation
Condensed Consolidating Statement of Income Corporation USA Subsidiaries Eliminations Consolidated
                 
Sales $- $523 $1,706 $- $2,229
                 
Costs and expenses               
 Costs applicable to sales (1)  -  243  759  -  1,002
 Amortization    -  39  209  -  248
 Reclamation and remediation   -  2  14  -  16
 Exploration    -  24  82  -  106
 Advanced projects, research and development    -  10  72  -  82
 General and administrative    -  46  11  -  57
 Other expense, net  -  10  116  -  126
    -  374  1,263  -  1,637
Other income (expense)                
 Other income, net    -  4  32  -  36
 Interest income - intercompany    39  6  1  (46)  -
 Interest expense - intercompany    (3)  1  (44)  46  -
 Interest expense, net    (68)  (2)  (1)  -  (71)
    (32)  9  (12)  -  (35)
Income (loss) before income and mining tax and other items  (32)  158  431  -  557
Income and mining tax benefit (expense)    11  (59)  (127)  -  (175)
Equity income (loss) of affiliates    300  195  48  (554)  (11)
Net income (loss)  279  294  352  (554)  371
Net loss (income) attributable to noncontrolling interests  -  -  (122)  30  (92)
Net income (loss) attributable to Newmont stockholders $279 $294 $230 $(524) $279
                 
Comprehensive income (loss) $(18) $266 $68 $(244) $72
Comprehensive loss (income) attributable to noncontrolling               
 interests  -  -  (120)  30  (90)
Comprehensive income (loss) attributable to Newmont               
 stockholders $(18) $266 $(52) $(214) $(18)

(1) Excludes Amortization and Reclamation and remediation.

 

                 
   Six Months Ended June 30, 2013
       Newmont
   Newmont      Mining
   Mining Newmont Other  Corporation
Condensed Consolidating Statement of Income Corporation USA Subsidiaries Eliminations Consolidated
                 
Sales $- $1,048 $3,122 $- $4,170
                 
Costs and expenses               
 Costs applicable to sales (1)  -  496  2,201  -  2,697
 Amortization    -  96  586  -  682
 Reclamation and remediation   -  4  32  -  36
 Exploration    -  28  107  -  135
 Advanced projects, research and development    -  23  75  -  98
 General and administrative    -  54  56  -  110
 Write-downs   -  -  2,262  -  2,262
 Other expense, net  -  30  146  -  176
    -  731  5,465  -  6,196
                 
Other income (expense)                
 Other income, net    2  9  65  -  76
 Interest income - intercompany    82  15  (5)  (92)  -
 Interest expense - intercompany    (6)  -  (86)  92  -
 Interest expense, net    (133)  (6)  4  -  (135)
    (55)  18  (22)  -  (59)
Income (loss) before income and mining tax and other items    (55)  335  (2,365)  -  (2,085)
Income and mining tax benefit (expense)  19  (121)  246  -  144
Equity income (loss) of affiliates    (1,668)  (350)  (120)  2,131  (7)
Income (loss) from continuing operations    (1,704)  (136)  (2,239)  2,131  (1,948)
Income (loss) from discontinued operations    -  -  74  -  74
Net income (loss)  (1,704)  (136)  (2,165)  2,131  (1,874)
                 
Net loss (income) attributable to noncontrolling interests   -  -  256  (86)  170
                 
Net income (loss) attributable to Newmont stockholders $(1,704) $(136) $(1,909) $2,045 $(1,704)
                 
Comprehensive income (loss) $(2,264) $(144) $(2,823) $2,795 $(2,436)
Comprehensive loss (income) attributable to                
 noncontrolling interests  -  -  257  (86)  171
Comprehensive income (loss) attributable to Newmont               
 stockholders $(2,264) $(144) $(2,566) $2,709 $(2,265)

(1) Excludes Amortization and Reclamation and remediation.

 

                 
   Six Months Ended June 30, 2012
               Newmont
   Newmont         Mining
   Mining Newmont Other    Corporation
Condensed Consolidating Statement of Income Corporation USA Subsidiaries Eliminations Consolidated
                 
Sales $- $1,186 $3,726 $- $4,912
                 
Costs and expenses               
 Costs applicable to sales (1)  -  500  1,519  -  2,019
 Amortization    -  81  398  -  479
 Reclamation and remediation   -  5  27  -  32
 Exploration    -  43  151  -  194
 Advanced projects, research and development    -  22  162  -  184
 General and administrative    -  65  46  -  111
 Other expense, net  -  17  229  -  246
    -  733  2,532  -  3,265
Other income (expense)                
 Other income, net    2  12  55  -  69
 Interest income - intercompany    79  14  -  (93)  -
 Interest expense - intercompany    (8)  -  (85)  93  -
 Interest expense, net    (119)  (3)  (1)  -  (123)
    (46)  23  (31)  -  (54)
                 
Income (loss) before income and mining tax and other items  (46)  476  1,163  -  1,593
Income and mining tax benefit (expense)    16  (128)  (406)  -  (518)
Equity income (loss) of affiliates    799  370  117  (1,316)  (30)
Income (loss) from continuing operations    769  718  874  (1,316)  1,045
Income (loss) from discontinued operations    -  -  (71)  -  (71)
Net income (loss)  769  718  803  (1,316)  974
                 
Net loss (income) attributable to noncontrolling interests  -  -  (270)  65  (205)
                 
Net income (loss) attributable to Newmont stockholders $769 $718 $533 $(1,251) $769
                 
Comprehensive income (loss) $478 $691 $506 $(992) $683
Comprehensive loss (income) attributable to noncontrolling               
 interests  -  -  (270)  65  (205)
Comprehensive income (loss) attributable to Newmont               
 stockholders $478 $691 $236 $(927) $478

(1) Excludes Amortization and Reclamation and remediation.

 

     Six Months Ended June 30, 2013 
                 Newmont 
     Newmont         Mining 
     Mining Newmont Other   Corporation 
   Condensed Consolidating Statement of Cash Flows Corporation USA Subsidiaries Eliminations Consolidated 
Operating activities:                
  Net income (loss) $(1,704) $(136) $(2,165) $2,131 $(1,874) 
  Adjustments    1,731  495  2,976  (2,135)  3,067 
  Net change in operating assets and liabilities    (16)  (251)  (194)  -  (461) 
Net cash provided from (used in) continuing operations  11  108  617  (4)  732 
Net cash used in discontinued operations  -  -  (11)  -  (11) 
Net cash provided from (used in) operations    11  108  606  (4)  721 
Investing activities:                
  Additions to property, plant and mine development    -  (230)  (890)  -  (1,120) 
  Acquisitions, net     -  -  (13)  -  (13) 
  Sale of marketable securities  -  -  1  -  1 
  Purchases of marketable securities  -  -  (1)  -  (1) 
  Proceeds from sale of other assets  -  -  49  -  49 
  Other    -  -  (21)  -  (21) 
Net cash used in investing activities    -  (230)  (875)  -  (1,105) 
Financing activities:                
  Proceeds from debt, net  739  -  248  -  987 
  Repayment of debt  (429)  -  (105)  -  (534) 
  Net intercompany borrowings (repayments)  62  (215)  156  (3)  - 
  Proceeds from stock issuance, net  2  -  -  -  2 
  Sale of noncontrolling interests  -  -  32  -  32 
  Acquisition of noncontrolling interests  -  -  (10)  -  (10) 
  Dividends paid to noncontrolling interests  -  -  (5)  3  (2) 
  Dividends paid to common stockholders   (385)  -  (4)  4  (385) 
  Other    -  -  (3)  -  (3) 
Net cash provided from (used in) financing activities    (11)  (215)  309  4  87 
Effect of exchange rate changes on cash    -  -  (16)  -  (16) 
Net change in cash and cash equivalents    -  (337)  24  -  (313) 
Cash and cash equivalents at beginning of period    -  342  1,219  -  1,561 
Cash and cash equivalents at end of period   $- $5 $1,243 $- $1,248 

     Six Months Ended June 30, 2012
                Newmont 
     Newmont       Mining 
     Mining Newmont Other   Corporation 
   Condensed Consolidating Statement of Cash Flows Corporation USA Subsidiaries Eliminations Consolidated 
Operating activities:                
  Net income (loss) $769 $718 $803 $(1,316) $974 
  Adjustments    (767)  (192)  404  1,313  758 
  Net change in operating assets and liabilities    (7)  (752)  (9)  -  (768) 
Net cash provided from (used in) continuing operations    (5)  (226)  1,198  (3)  964 
Net cash used in discontinued operations    -  -  (8)  -  (8) 
Net cash provided from (used in) operations    (5)  (226)  1,190  (3)  956 
Investing activities:                
  Additions to property, plant and mine development    -  (324)  (1,254)  -  (1,578) 
  Acquisitions, net  -  -  (22)  -  (22) 
  Sale of marketable securities  -  106  -  -  106 
  Purchases of marketable securities  -  (196)  -  -  (196) 
  Proceeds from sale of other assets  -  -  13  -  13 
  Other    -  -  (37)  -  (37) 
Net cash used in investing activities    -  (414)  (1,300)  -  (1,714) 
Financing activities:                
  Proceeds from debt, net  3,345  -  (2)  -  3,343 
  Repayment of debt  (1,802)  (135)  (4)  -  (1,941) 
  Payment of conversion premium on debt  (172)  -  -  -  (172) 
  Net intercompany borrowings (repayments)   (1,034)  1,267  (229)  (4)  - 
  Proceeds from stock issuance, net    15  -  -  -  15 
  Dividends paid to noncontrolling interests  -  -  (7)  4  (3) 
  Dividends paid to common stockholders    (347)  -  (3)  3  (347) 
  Other    -  -  (1)  -  (1) 
Net cash provided from (used in) financing activities    5  1,132  (246)  3  894 
Effect of exchange rate changes on cash    -  -  1  -  1 
Net change in cash and cash equivalents    -  492  (355)  -  137 
Cash and cash equivalents at beginning of period    -  10  1,750  -  1,760 
Cash and cash equivalents at end of period   $- $502 $1,395 $- $1,897 

                  
    At June 30, 2013
            Newmont
    Newmont       Mining
    Mining Newmont Other   Corporation
Condensed Consolidating Balance Sheet Corporation USA Subsidiaries Eliminations Consolidated
Assets               
 Cash and cash equivalents   $- $5 $1,243 $- $1,248
 Trade receivables    -  51  206  -  257
 Accounts receivable    17  4  268  -  289
 Intercompany receivable   3,336  6,485  4,238  (14,059)  -
 Investments  43  1  584  -  628
 Inventories    -  163  640  -  803
 Stockpiles and ore on leach pads    -  332  406  -  738
 Deferred income tax assets    -  155  60  -  215
 Other current assets  -  109  735  -  844
  Current assets    3,396  7,305  8,380  (14,059)  5,022
 Property, plant and mine development, net    -  2,980  13,306  (42)  16,244
 Investments    -  6  479  -  485
 Investments in subsidiaries    15,418  5,147  3,013  (23,578)  -
 Stockpiles and ore on leach pads    -  494  2,235  -  2,729
 Deferred income tax assets    1,164  188  1,049  (1,213)  1,188
 Long-term intercompany receivable  3,065  53  573  (3,691)  -
 Other long-term assets    48  178  582  -  808
  Total assets   $23,091 $16,351 $29,617 $(42,583) $26,476
                  
Liabilities               
 Debt   $- $- $48 $- $48
 Accounts payable    -  71  480  -  551
 Intercompany payable  5,077  5,323  3,659  (14,059)  -
 Employee-related benefits    -  112  149  -  261
 Income and mining taxes    -  -  60  -  60
 Other current liabilities    72  148  1,058  -  1,278
  Current liabilities    5,149  5,654  5,454  (14,059)  2,198
 Debt    6,403  1  322  -  6,726
 Reclamation and remediation liabilities    -  184  1,287  -  1,471
 Deferred income tax liabilities    -  36  1,984  (1,214)  806
 Employee-related benefits    5  396  197  -  598
 Long-term intercompany payable  400  -  3,333  (3,733)  -
 Other long-term liabilities    -  21  418  -  439
  Total liabilities    11,957  6,292  12,995  (19,006)  12,238
Equity               
 Newmont stockholders’ equity    11,134  10,059  11,819  (21,786)  11,226
 Noncontrolling interests    -  -  4,803  (1,791)  3,012
  Total equity  11,134  10,059  16,622  (23,577)  14,238
  Total liabilities and equity $23,091 $16,351 $29,617 $(42,583) $26,476
                  

                  
    At December 31, 2012
            Newmont
    Newmont       Mining
    Mining Newmont Other   Corporation
Condensed Consolidating Balance Sheet Corporation USA Subsidiaries Eliminations Consolidated
Assets               
 Cash and cash equivalents   $- $342 $1,219 $- $1,561
 Trade receivables    -  57  226  -  283
 Accounts receivable    20  10  547  -  577
 Intercompany receivable  2,748  6,276  4,025  (13,049)  -
 Investments  58  7  21  -  86
 Inventories    -  147  649  -  796
 Stockpiles and ore on leach pads    -  245  541  -  786
 Deferred income tax assets    -  109  153  (67)  195
 Other current assets    -  48  1,613  -  1,661
  Current assets    2,826  7,241  8,994  (13,116)  5,945
 Property, plant and mine development, net    -  2,869  15,178  (37)  18,010
 Investments    -  6  1,440  -  1,446
 Investments in subsidiaries    16,599  5,504  3,115  (25,218)  -
 Stockpiles and ore on leach pads    -  448  2,448  -  2,896
 Deferred income tax assets    791  146  685  (1,141)  481
 Long-term intercompany receivable  3,907  45  564  (4,516)  -
 Other long-term assets    52  172  648  -  872
  Total assets   $24,175 $16,431 $33,072 $(44,028) $29,650
                  
Liabilities               
 Debt   $- $- $10 $- $10
 Accounts payable    -  97  560  -  657
 Intercompany payable  3,969  5,192  3,888  (13,049)  -
 Employee-related benefits    -  149  190  -  339
 Income and mining taxes    -  16  35  -  51
 Other current liabilities    71  175  1,838  -  2,084
  Current liabilities    4,040  5,629  6,521  (13,049)  3,141
 Debt  6,069  1  218  -  6,288
 Reclamation and remediation liabilities    -  183  1,274  -  1,457
 Deferred income tax liabilities    -  24  2,040  (1,206)  858
 Employee-related benefits    5  385  196  -  586
 Long-term intercompany payable  381  -  4,172  (4,553)  -
 Other long-term liabilities    -  13  359  -  372
  Total liabilities    10,495  6,235  14,780  (18,808)  12,702
Equity               
 Newmont stockholders’ equity    13,680  10,196  13,245  (23,348)  13,773
 Noncontrolling interests    -  -  5,047  (1,872)  3,175
  Total equity  13,680  10,196  18,292  (25,220)  16,948
  Total liabilities and equity $24,175 $16,431 $33,072 $(44,028) $29,650
                  

                                      
    For Three Months Ended June 30, 2012
    Newmont USA  Other Subsidiaries  Eliminations
Condensed Consolidating Statement of Income As Previously Presented  Change  Subsidiary Merger  As Currently Presented  As Previously Presented  Change  Subsidiary Merger  As Currently Presented  As Previously Presented  Change  Subsidiary Merger  As Currently Presented
                                      
Sales$ 1,383 $ (919) $ 59 $ 523 $ 846 $ 919 $ (59) $ 1,706 $ -  $ -  $ -  $ -
                                      
Costs and expenses                                   
 Costs applicable to sales   550   (314)   7   243   464   302   (7)   759   (12)   12   -    -
 Amortization    135   (103)   7   39   113   103   (7)   209   -    -    -    -
 Reclamation and remediation   12   (11)   1   2   4   11   (1)   14   -    -    -    -
 Exploration    71   (52)   5   24   35   52   (5)   82   -    -    -    -
 Advanced projects, research and development    64   (56)   2   10   17   57   (2)   72   1   (1)   -    -
 General and administrative    44   2   -    46   2   9   -    11   11   (11)   -    -
 Other expense, net  42   (32)   -    10   84   32   -    116   -    -    -    -
     918   (566)   22   374   719   566   (22)   1,263   -    -    -    -
Other income (expense)                                    
 Other income, net    12   (8)   -    4   30   2   -    32   -    -    -    -
 Interest income - intercompany    1   5   -    6   6   (5)   -    1   (46)   -    -    (46)
 Interest expense - intercompany    (1)   2   -    1   (42)   (2)   -    (44)   46   -    -    46
 Interest expense, net    (7)   5   -    (2)   (2)   1   -    (1)   -    -    -    -
     5   4   -    9   (8)   (4)   -    (12)   -    -    -    -
Income (loss) before income and mining tax and other items  470   (349)   37   158   119   349   (37)   431   -    -    -    -
Income and mining tax benefit (expense)  (83)   24   -    (59)   (103)   (24)   -    (127)   -    -    -    -
Equity income (loss) of affiliates    (2)   234   (37)   195   50   (2)   -    48   (359)   (232)   37   (554)
Net income (loss)  385   (91)   -    294   66   323   (37)   352   (359)   (232)   37   (554)
Net loss (income) attributable to noncontrolling interests  (91)   91   -    -    (31)   (91)   -    (122)   30   -    -    30
Net income (loss) attributable to Newmont stockholders$ 294 $ -  $ -  $ 294 $ 35 $ 232 $ (37) $ 230 $ (329) $ (232) $ 37 $ (524)
                                      
Comprehensive income (loss)$ 357 $ (91) $ -  $ 266 $ (190) $ 295 $ (37) $ 68 $ (77) $ (204) $ 37 $ (244)
Comprehensive loss (income) attributable to                                   
  noncontrolling interests  (91)   91   -    -    (29)   (91)   -    (120)   30   -    -    30
Comprehensive income (loss) attributable to                                   
  Newmont stockholders$ 266 $ -  $ -  $ 266 $ (219) $ 204 $ (37) $ (52) $ (47) $ (204) $ 37 $ (214)

                                      
    For Six Months Ended June 30, 2012
    Newmont USA  Other Subsidiaries  Eliminations
Condensed Consolidating Statement of Income As Previously Presented  Change  Subsidiary Merger  As Currently Presented  As Previously Presented  Change  Subsidiary Merger  As Currently Presented  As Previously Presented  Change  Subsidiary Merger  As Currently Presented
                                      
Sales$ 3,000 $ (1,951) $ 137 $ 1,186 $ 1,912 $ 1,951 $ (137) $ 3,726 $ -  $ -  $ -  $ -
                                      
Costs and expenses                                   
 Costs applicable to sales   1,113   (625)   12   500   929   602   (12)   1,519   (23)   23   -    -
 Amortization    265   (197)   13   81   214   197   (13)   398   -    -    -    -
 Reclamation and remediation   23   (20)   2   5   9   20   (2)   27   -    -    -    -
 Exploration    124   (86)   5   43   70   86   (5)   151   -    -    -    -
 Advanced projects, research and development    152   (132)   2   22   31   133   (2)   162   1   (1)   -    -
 General and administrative    86   (21)   -    65   3   43   -    46   22   (22)   -    -
 Other expense, net  89   (72)   -    17   157   72   -    229   -    -    -    -
     1,852   (1,153)   34   733   1,413   1,153   (34)   2,532   -    -    -    -
Other income (expense)                                    
 Other income, net    25   (13)   -    12   53   2   -    55   -    -    -    -
 Interest income - intercompany    3   11   -    14   11   (11)   -    -    (93)   -    -    (93)
 Interest expense - intercompany    (1)   1   -    -    (84)   (1)   -    (85)   93   -    -    93
 Interest expense, net    (12)   9   -    (3)   (3)   2   -    (1)   -    -    -    -
     15   8   -    23   (23)   (8)   -    (31)   -    -    -    -
Income (loss) before income and mining tax and other items  1,163   (790)   103   476   476   790   (103)   1,163   -    -    -    -
Income and mining tax benefit (expense)  (229)   101   -    (128)   (305)   (101)   -    (406)   -    -    -    -
Equity income (loss) of affiliates    (13)   486   (103)   370   117   -    -    117   (933)   (486)   103   (1,316)
Income (loss) from continuing operations    921   (203)   -    718   288   689   (103)   874   (933)   (486)   103   (1,316)
Income (loss) from discontinued operations    4   (4)   -    -    (75)   4   -    (71)   -    -    -    -
Net income (loss)  925   (207)   -    718   213   693   (103)   803   (933)   (486)   103   (1,316)
Net loss (income) attributable to noncontrolling interests  (207)   207   -    -    (63)   (207)   -    (270)   65   -    -    65
Net income (loss) attributable to Newmont stockholders$ 718 $ -  $ -  $ 718 $ 150 $ 486 $ (103) $ 533 $ (868) $ (486) $ 103 $ (1,251)
                                      
Comprehensive income (loss)$ 898 $ (207) $ -  $ 691 $ (51) $ 660 $ (103) $ 506 $ (642) $ (453) $ 103 $ (992)
Comprehensive loss (income) attributable to                                   
  noncontrolling interests  (207)   207   -    -    (63)   (207)   -    (270)   65   -    -    65
Comprehensive income (loss) attributable to                                   
  Newmont stockholders$ 691 $ -  $ -  $ 691 $ (114) $ 453 $ (103) $ 236 $ (577) $ (453) $ 103 $ (927)

                                                 
                                                 
     At June 30, 2012
      Newmont Mining Corporation  Newmont USA  Other Subsidiaries  Eliminations
Condensed Consolidating Statement of Cash Flows  As Previously Presented  Change  As Revised  As Previously Presented  Change  Subsidiary Merger  As Revised  As Previously Presented  Change  Subsidiary Merger  As Revised  As Previously Presented  Change  Subsidiary Merger  As Revised
Operating activities:                                             
  Net income (loss) $ 769 $ -  $ 769 $ 925 $ (207) $ -  $ 718 $ 213 $ 697 $ (107) $ 803 $ (933) $ (490) $ 107 $ (1,316)
  Adjustments     32   (799)   (767)   273   (583)   118   (192)   (480)   895   (11)   404   933   487   (107)   1,313
  Net change in operating assets and liabilities     (7)   -    (7)   (514)   (216)   (22)   (752)   (247)   216   22   (9)   -    -    -    -
Net cash provided from (used in) continuing operations     794   (799)   (5)   684   (1,006)   96   (226)   (514)   1,808   (96)   1,198   -    (3)   -    (3)
Net cash used in discontinued operations     -    -    -    -    -    -    -    (8)   -    -    (8)   -    -    -    -
Net cash provided from (used in) operations     794   (799)   (5)   684   (1,006)   96   (226)   (522)   1,808   (96)   1,190   -    (3)   -    (3)
Investing activities:                                             
  Additions to property, plant and mine development     -    -    -    (1,090)   818   (52)   (324)   (488)   (818)   52   (1,254)   -    -    -    -
  Acquisitions, net      -    -    -    -    -    -    -    (22)   -    -    (22)   -    -    -    -
  Sale of marketable securities   -    -    -    -    106   -    106   106   (106)   -    -    -    -    -    -
  Purchases of marketable securities   -    -    -    (91)   (105)   -    (196)   (105)   105   -    -    -    -    -    -
  Proceeds from sale of other assets   -    -    -    9   (9)   -    -    4   9   -    13   -    -    -    -
  Other     -    -    -    -    -    -    -    (37)   -    -    (37)   -    -    -    -
Net cash used in investing activities     -    -    -    (1,172)   810   (52)   (414)   (542)   (810)   52   (1,300)   -    -    -    -
Financing activities:                                             
  Net borrowings (repayments)   1,543   -    1,543   (136)   1   -    (135)   (5)   (1)   -    (6)   -    -    -    -
  Payment of conversion premium on debt   (172)   -    (172)   -    -    -    -    -    -    -    -    -    -    -    -
  Net intercompany borrowings (repayments)    (1,833)   799   (1,034)   692   619   (44)   1,267   1,141   (1,414)   44   (229)   -    (4)   -    (4)
  Proceeds from stock issuance, net   15   -    15   -    -    -    -    -    -    -    -    -    -    -    -
  Dividends paid to noncontrolling interests   -    -    -    (3)   3   -    -    -    (7)   -    (7)   -    4   -    4
  Dividends paid to common stockholders     (347)   -    (347)   -    -    -    -    -    (3)   -    (3)   -    3   -    3
  Other     -    -    -    -    -    -    -    (1)   -    -    (1)   -    -    -    -
Net cash provided from (used in) financing activities     (794)   799   5   553   623   (44)   1,132   1,135   (1,425)   44   (246)   -    3   -    3
Effect of exchange rate changes on cash     -    -    -    (1)   1   -    -    2   (1)   -    1   -    -    -    -
Net change in cash and cash equivalents     -    -    -    64   428   -    492   73   (428)   -    (355)   -    -    -    -
Cash and cash equivalents at beginning of period     -    -    -    1,526   (1,516)   -    10   234   1,516   -    1,750   -    -    -    -
Cash and cash equivalents at end of period   $ -  $ -  $ -  $ 1,590 $ (1,088) $ -  $ 502 $ 307 $ 1,088 $ -  $ 1,395 $ -  $ -  $ -  $ -
Commitments and Contingencies
COMMITMENTS AND CONTINGENCIES

NOTE 26    COMMITMENTS AND CONTINGENCIES

 

General

 

The Company follows ASC guidance in accounting for loss contingencies. Accordingly, estimated losses from contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable that a liability could be incurred and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the contingency and estimated range of loss, if determinable, is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.

 

Operating Segments

 

The Company's operating segments are identified in Note 3. Except as noted in this paragraph, all of the Company's commitments and contingencies specifically described in this Note 26 relate to the Corporate and Other reportable segment. The Yanacocha matters relate to the South America reportable segment. The Minera Penmont matters relate to the North America reporting segment. The PTNNT matters relate to the Indonesia reportable segment.

 

Environmental Matters

 

The Company's mining and exploration activities are subject to various laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. The Company conducts its operations so as to protect the public health and environment and believes its operations are in compliance with applicable laws and regulations in all material respects. The Company has made, and expects to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures.

 

Estimated future reclamation costs are based principally on legal and regulatory requirements. At June 30, 2013 and December 31, 2012, $1,360 and $1,341, respectively, were accrued for reclamation costs relating to currently or recently producing mineral properties in accordance with asset retirement obligation guidance. The current portions of $59 and $62 at June 30, 2013 and December 31, 2012, respectively, are included in Other current liabilities.

 

In addition, the Company is involved in several matters concerning environmental obligations associated with former mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. The Company believes that the related environmental obligations associated with these sites are similar in nature with respect to the development of remediation plans, their risk profile and the compliance required to meet general environmental standards. Based upon the Company's best estimate of its liability for these matters, $188 and $198 were accrued for such obligations at June 30, 2013 and December 31, 2012, respectively. These amounts are included in Other current liabilities and Reclamation and remediation liabilities. Depending upon the ultimate resolution of these matters, the Company believes that it is reasonably possible that the liability for these matters could be as much as 120% greater or 5% lower than the amount accrued at June 30, 2013. The amounts accrued are reviewed periodically based upon facts and circumstances available at the time. Changes in estimates are recorded in Reclamation and remediation in the period estimates are revised.

 

Details about certain of the more significant matters involved are discussed below.

 

Newmont Mining Corporation

 

Empire Mine. On July 19, 2012, the California Department of Parks and Recreation (“Parks”) served Newmont, New Verde Mines LLC, Newmont North America Exploration Limited, Newmont Realty Company and Newmont USA Limited with a complaint for damages and declaratory relief under CERCLA, specifically for costs associated with water treatment at the Empire Mine State Park and for a declaration that Newmont is liable for past and future response costs, as well as indemnification to Parks. In 1975 Parks purchased the Empire Mine site in Grass Valley, California from Newmont to create a historic state park featuring the mining of the Empire Mine. Parks has operated the Empire Mine Site for over 35 years. Newmont intends to vigorously defend this lawsuit. Newmont cannot reasonably predict the outcome of this matter.

 

Newmont USA Limited - 100% Newmont Owned

 

Ross-Adams Mine Site.    By letter dated June 5, 2007, the U.S. Forest Service notified Newmont that it had expended approximately $0.3 in response costs to address environmental conditions at the Ross-Adams mine in Prince of Wales, Alaska, and requested Newmont USA Limited pay those costs and perform an Engineering Evaluation/Cost Analysis (“EE/CA”) to assess what future response activities might need to be completed at the site. Newmont intends to vigorously defend any formal claims by the EPA. Newmont has agreed to perform the EE/CA. Newmont cannot reasonably predict the likelihood or outcome of any future action against it arising from this matter.

 

Hope Bay Mining Ltd. - 100% Newmont Owned

 

In July 2011 Environment Canada Enforcement Officers discovered a release of drill water containing calcium chloride on Hope Bay Mining Ltd. (“HBML”) property in Nunavut, Canada. Orbit Garant Drilling Inc. (“Orbit”) operated a diamond drill rig on the HBML property. On February 13, 2013, HBML received service of a summons and charges from a Judge for Nunavut alleging violation of the Fisheries Act relating to the release of drill water and alleged failure to report a discharge. Orbit operated the drill at issue in the summons. Total potential fines and penalties for proven charges of this nature could be up to $1. Newmont cannot reasonably predict the outcome of this matter.

 

Other Legal Matters

 

Minera Yanacocha S.R.L. (“Yanacocha”) - 51.35% Newmont Owned

 

Choropampa.    In June 2000, a transport contractor of Yanacocha spilled approximately 151 kilograms of elemental mercury near the town of Choropampa, Peru, which is located 53 miles (85 kilometers) southwest of the Yanacocha mine. Elemental mercury is not used in Yanacocha's operations but is a by-product of gold mining and was sold to a Lima firm for use in medical instruments and industrial applications. A comprehensive health and environmental remediation program was undertaken by Yanacocha in response to the incident. In August 2000, Yanacocha paid under protest a fine of 1,740,000 Peruvian soles (approximately $0.5) to the Peruvian government. Yanacocha has entered into settlement agreements with a number of individuals impacted by the incident. As compensation for the disruption and inconvenience caused by the incident, Yanacocha entered into agreements with and provided a variety of public works in the three communities impacted by this incident. Yanacocha cannot predict the likelihood of additional expenditures related to this matter.

 

Additional lawsuits relating to the Choropampa incident were filed against Yanacocha in the local courts of Cajamarca, Peru, in May 2002 by over 900 Peruvian citizens. A significant number of the plaintiffs in these lawsuits entered into settlement agreements with Yanacocha prior to filing such claims. In April 2008, the Peruvian Supreme Court upheld the validity of these settlement agreements, which the Company expects to result in the dismissal of all claims brought by previously settled plaintiffs. Yanacocha has also entered into settlement agreements with approximately 350 additional plaintiffs. The claims asserted by approximately 200 plaintiffs remain. In 2011, Yanacocha was served with 23 complaints alleging grounds to nullify the settlements entered into between Yanacocha and the plaintiffs. Yanacocha has answered the complaints and the court has dismissed several of the matters and the plaintiffs have filed appeals. All appeals were referred to the Civil Court of Cajamarca, which affirmed the decisions of the lower court judge. The plaintiffs have filed appeals of such orders before the Supreme Court. Some of these appeals were dismissed by the Supreme Court in favor of Yanacocha, and others are pending resolution. Yanacocha will continue to vigorously defend its position. Neither the Company nor Yanacocha can reasonably estimate the ultimate loss relating to such claims.

 

Administrative Actions. The Peruvian government agency responsible for environmental evaluation and inspection, Organismo Evaluacion y Fiscalizacion Ambiental (“OEFA”), conducts bi-annual reviews of the Yanacocha site. In 2011, 2012, and 2013, OEFA issued notices of alleged violations of OEFA standards to Yanacocha and Conga relating to past inspections. In April 2013, OEFA issued a finding and penalty with respect to three 2008 allegations in the amount of $.1. Total fines for all outstanding OEFA alleged violations could range from $.1 to $17.4. Yanacocha and Conga are responding to all notices of alleged violations, but cannot predict the outcome of the agency allegations.

 

Minera Penmont- 44% Newmont Owned

 

Newmont owns a 44% interest in the La Herradura joint venture and related gold properties (Herradura, Soledad-Dipolos and Noche Buena), which are located in the Sonora desert. La Herradura is operated by Fresnillo PLC (“Fresnillo”) through Minera Penmont S. de R.L. de C.V. (“Minera Penmont”) and Fresnillo owns the remaining 56% interest. Soledad-Dipolos commenced operations in January 2010. In 2009 five members of the El Bajio agrarian community in the state of Sonora (the “Claimants”), who claim rights over certain surface land in the proximity of the operations of Minera Penmont, lodged a legal claim with the Unitarian Agrarian Court of Hermosillo, Sonora to have Minera Penmont vacate an area of this surface land and associated claims. The land in dispute encompasses a portion of surface area where part of the operations of Dipolos, one of Minera Penmont's three operating mines, is located as well as the processing plant for both the Dipolos mine and the Soledad mine. Minera Penmont's mining concessions are held by way of separate title to that relating to the surface land. In September 2012, the Claimants obtained a ruling on the surface property dispute in their favor by the Mexican Supreme Court and in July 2013, a magistrate ordered Minera Penmont to vacate the property at issue, requiring cessation of production at the Dipolos operations. Minera Penmont has initiated legal proceedings to seek the expropriation of the disputed land in its favor, a process defined under Federal law in Mexico. Minera Penmont is projecting no production at the Soledad and Dipolos mines for the remainder of 2013 with an expected impact of up to 50,000 fewer ounces of production than forecasted for 2013, which translates into approximately 22,000 fewer ounces attributable to Newmont for 2013. Minera Penmont intends to defend this matter, but cannot reasonably predict the outcome.

 

PT Newmont Nusa Tenggara (“PTNNT”) – 31.5% Newmont Owned

 

Under the Batu Hijau Contract of Work, beginning in 2006 and continuing through 2010, a portion of PTNNT's shares were required to be offered for sale, first, to the Indonesian government or, second, to Indonesian nationals, equal to the difference between the following percentages and the percentage of shares already owned by the Indonesian government or Indonesian nationals (if such number is positive): 23% by March 31, 2006; 30% by March 31, 2007; 37% by March 31, 2008; 44% by March 31, 2009; and 51% by March 31, 2010. As PT Pukuafu Indah (“PTPI”), an Indonesian national, owned a 20% interest in PTNNT at all relevant times, in 2006, a 3% interest was required to be offered for sale and, in each of 2007 through 2010, an additional 7% interest was required to be offered (for an aggregate 31% interest). The price at which such interests were offered for sale to the Indonesian parties was the fair market value of such interest considering PTNNT as a going concern, as agreed with the Indonesian government. Following certain disputes and an arbitration with the Indonesian government, in November and December 2009, sale agreements were concluded pursuant to which the 2006, 2007 and 2008 shares were sold to PT Multi Daerah Bersaing (“PTMDB”), the nominee of the local governments, and the 2009 shares were sold to PTMDB in February 2010, resulting in PTMDB owning a 24% interest in PTNNT.

 

On December 17, 2010, the Ministry of Energy & Mineral Resources, acting on behalf of the Indonesian government, accepted the offer to acquire the final 7% interest in PTNNT. Subsequently, the Indonesian government designated Pusat Investasi Pemerintah (“PIP”), an agency of the Ministry of Finance, as the entity that will buy the final stake. On May 6, 2011, PIP and the foreign shareholders entered into a definitive agreement for the sale and purchase of the final 7% divestiture stake, subject to receipt of approvals from certain Indonesian government ministries. Subsequent to signing the agreement, a disagreement arose between the Ministry of Finance and the Indonesian parliament in regard to whether parliamentary approval was needed to allow PIP to make the share purchase. In July 2012, the Constitutional Court ruled that parliament approval is required for PIP to use state funds to purchase the shares, which approval has not yet been obtained. Further disputes may arise in regard to the divestiture of the 2010 shares.

 

Effective January 1, 2011, the local government in the region where the Batu Hijau mine is located commenced the enforcement of local regulations that purport to require PTNNT to pay additional taxes based on revenue and the value of PTNNT's contracts. In addition, the regulations purport to require PTNNT to obtain certain export-related documents from the regional government for purposes of shipping copper concentrate. PTNNT is required to and has obtained all export related-documents in compliance with the laws and regulations of the central government. PTNNT believes that the new regional regulations are not enforceable as they expressly contradict higher level Indonesian laws that set out the permissible taxes that can be imposed by a regional government and all effective export requirements. PTNNT's position is supported by Indonesia's Ministry of Energy & Mineral Resources, Ministry of Trade, and the provincial government. To date, PTNNT has not been forced to comply with these new contradictory regional regulations. On February 4, 2011, PTNNT filed legal proceedings seeking to have the regulations declared null and void because they conflict with the laws of Indonesia. Subsequently, the Ministry of Home Affairs issued a decree declaring these local regulations to be contrary to Indonesian law and thus unenforceable. Further disputes with the local government could arise in relation to these regulations. PTNNT intends to vigorously defend its position in this dispute.

 

Additionally, in September 2011, WALHI brought an administrative law claim against Indonesia's Ministry of Environment to challenge the May 2011 renewal of PTNNT's submarine tailings permit. PTNNT and the regional government of KSB (“KSB”) filed separate applications for intervention into the proceedings, both of which were accepted by the Administrative Court. KSB intervened on the side of WALHI, and PTNNT joined on the side of the Ministry of Environment. On April 3, 2012, the Administrative Court ruled in favor of the Ministry of Environment and PTNNT, finding that the Ministry of Environment properly renewed the permit in accordance with Indonesian law and regulations. WALHI appealed the verdict. On October 2, 2012, the High Administrative Law Court rejected WALHI's appeal, after which WALHI filed a notice to appeal the case to the Supreme Court. On May 28, 2013, the Supreme Court of Indonesia updated its website to provide that WALHI's appeal in this matter was rejected. The parties are still awaiting the written decision from the court. PTNNT will continue to defend its submarine tailings permit and is confident that the Ministry of Environment acted properly in renewing PTNNT's permit.

 

NWG Investments Inc. v. Fronteer Gold Inc.

 

In April 2011, Newmont acquired Fronteer Gold Inc. (“Fronteer”).

 

Fronteer acquired NewWest Gold Corporation (“NewWest Gold”) in September 2007. At the time of that acquisition, NWG Investments Inc. (“NWG”) owned approximately 86% of NewWest Gold and an individual named Jacob Safra owned or controlled 100% of NWG. Prior to its acquisition of NewWest Gold, Fronteer entered into a June 2007 lock-up agreement with NWG providing that, among other things, NWG would support Fronteer's acquisition of NewWest Gold. At that time, Fronteer owned approximately 42% of Aurora Energy Resources Inc. (“Aurora”), which, among other things, had a uranium exploration project in Labrador, Canada.

 

NWG contends that, during the negotiations leading up to the lock-up agreement, Fronteer represented to NWG that Aurora would commence uranium mining in Labrador by 2013, that this was a firm date, that Fronteer was not aware of any obstacle to doing so, that Aurora faced no serious environmental issues in Labrador and that Aurora's competitors faced greater delays in commencing uranium mining. NWG further contends that it entered into the lock-up agreement and agreed to support Fronteer's acquisition of NewWest Gold in reliance upon these purported representations. On October 11, 2007, less than three weeks after the Fronteer-NewWest Gold transaction closed, a member of the Nunatsiavut Assembly introduced a motion calling for the adoption of a moratorium on uranium mining in Labrador. On April 8, 2008, the Nunatsiavut Assembly adopted a three-year moratorium on uranium mining in Labrador. NWG contends that Fronteer was aware during the negotiations of the NWG/Fronteer lock-up agreement that the Nunatsiavut Assembly planned on adopting this moratorium and that its adoption would preclude Aurora from commencing uranium mining by 2013, but Fronteer nonetheless fraudulently induced NWG to enter into the lock-up agreement.

 

On September 24, 2012, NWG served a summons and complaint on NMC, and then amended the complaint to add Newmont Canada Holdings ULC as a defendant. The complaint also names Fronteer Gold Inc and Mark O'Dea as defendants. The complaint seeks rescission of the merger between Fronteer and NewWest Gold and $750 in damages. Newmont intends to defend this matter, but cannot reasonably predict the outcome.

 

Other Commitments and Contingencies

 

Tax contingencies are provided for in accordance with ASC income tax guidance (see Note 8).

 

The Company has minimum royalty obligations on one of its producing mines in Nevada for the life of the mine. Amounts paid as a minimum royalty (where production royalties are less than the minimum obligation) in any year are recoverable in future years when the minimum royalty obligation is exceeded. Although the minimum royalty requirement may not be met in a particular year, the Company expects that over the mine life, gold production will be sufficient to meet the minimum royalty requirements. Minimum royalty payments payable are $60 in 2013, $38 in 2014 through 2017 and $317 thereafter.

 

As part of its ongoing business and operations, the Company and its affiliates are required to provide surety bonds, bank letters of credit and bank guarantees as financial support for various purposes, including environmental reclamation, exploration permitting, workers compensation programs and other general corporate purposes. At June 30, 2013 and December 31, 2012, there were $1,805 and $1,755, respectively, of outstanding letters of credit, surety bonds and bank guarantees. The surety bonds, letters of credit and bank guarantees reflect fair value as a condition of their underlying purpose and are subject to fees competitively determined in the market place. The obligations associated with these instruments are generally related to performance requirements that the Company addresses through its ongoing operations. As the specific requirements are met, the beneficiary of the associated instrument cancels and/or returns the instrument to the issuing entity. Certain of these instruments are associated with operating sites with long-lived assets and will remain outstanding until closure. Generally, bonding requirements associated with environmental regulation are becoming more restrictive. However, the Company believes it is in compliance with all applicable bonding obligations and will be able to satisfy future bonding requirements through existing or alternative means, as they arise.

 

Newmont is from time to time involved in various legal proceedings related to its business. Except in the above described proceedings, management does not believe that adverse decisions in any pending or threatened proceeding or that amounts that may be required to be paid by reason thereof will have a material adverse effect on the Company's financial condition or results of operations.

 

Summary of Significant Accounting Policies (Policies)
Recently Adopted Accounting Pronouncements 

Recently Adopted Accounting Pronouncements

 

Recently Adopted Accounting Pronouncements

 

Reporting of Amounts reclassified out of Accumulated Other Comprehensive Income

 

In February 2013, ASC guidance was issued related to items reclassified from Accumulated Other Comprehensive Income(Loss). The new standard requires either in a single note or parenthetically on the face of the financial statements: (i) the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and (ii) the income statement line items affected by the reclassification. Adoption of the new guidance, effective for the fiscal year beginning January 1, 2013, had no impact on the consolidated financial position, results of operations or cash flows.

 

Disclosures about Offsetting Assets and Liabilities

 

In November 2011, ASC guidance was issued related to disclosures about offsetting assets and liabilities. The new standard requires disclosures to allow investors to better compare financial statements prepared under U.S. GAAP with financial statements prepared under IFRS. In January 2013, an update was issued to further clarify that the disclosure requirements are limited to derivatives, repurchase agreements, and securities lending transactions to the extent that they are (i) offset in the financial statements or (ii) subject to an enforceable master netting arrangement or similar agreement. Adoption of the new guidance, effective for the fiscal year beginning January 1, 2013, had no impact on the consolidated financial position, results of operations or cash flows.

Recently Issued Accounting Pronouncements 

Recently Issued Accounting Pronouncements

 

Foreign Currency Matters

 

In March 2013, ASC guidance was issued related to Foreign Currency Matters to clarify the treatment of cumulative translation adjustments when a parent sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity. The updated guidance also resolves the diversity in practice for the treatment of business combinations achieved in stages in a foreign entity. The update is effective prospectively for the Company's fiscal year beginning January 1, 2014. The Company does not expect the updated guidance to have an impact on the consolidated financial position, results of operations or cash flows.

 

Segment Information (Tables)
Financial Information of Newmont's Segments
     Costs    Advanced   
     Applicable to    Projects and Pre-Tax
   Sales Sales Amortization Exploration Income (Loss)
Three Months Ended June 30, 2013             
Nevada$558 $276 $60 $28 $181
La Herradura 71  42  7  15  8
Other North America -  -  -  -  (2)
 North America 629  318  67  43  187
                 
Yanacocha 420  197  97  10  87
Conga -  -  -  -  (1)
Other South America -  -  -  5  (6)
 South America 420  197  97  15  80
                 
Boddington:              
 Gold 249  252  59      
 Copper 49  62  14      
  Total 298  314  73  -  (2,161)
Other Australia/New Zealand 332  263  58  12  (175)
 Australia/New Zealand 630  577  131  12  (2,336)
                 
Batu Hijau:              
 Gold 15  63  13      
 Copper 99  413  81      
  Total 114  476  94  5  (477)
Other Indonesia -  -  -  -  (1)
 Indonesia 114  476  94  5  (478)
                 
Ahafo 200  85  20  11  79
Akyem -  -  -  2  (2)
Other Africa -  -  -  5  (8)
 Africa 200  85  20  18  69
                 
Corporate and Other -  -  6  29  (149)
Consolidated$1,993 $1,653 $415 $122 $(2,627)

      Costs    Advanced   
      Applicable to    Projects and Pre-Tax
   Sales Sales Amortization Exploration Income (Loss)
Three Months Ended June 30, 2012              
Nevada$571 $258 $47 $43 $217
La Herradura 93  33  6  11  46
Other North America -  -  -  1  (2)
 North America 664  291  53  55  261
                 
Yanacocha 614  177  62  18  333
Conga -  -  -  12  (12)
Other South America -  -  -  19  (19)
 South America 614  177  62  49  302
                 
Boddington:              
 Gold 264  157  49      
 Copper 42  38  12      
  Total 306  195  61  2  37
Other Australia/New Zealand 331  182  35  22  88
 Australia/New Zealand 637  377  96  24  125
                 
Batu Hijau:              
 Gold 18  11  3      
 Copper 88  70  14      
  Total 106  81  17  7  (16)
Other Indonesia -  -  -  -  4
 Indonesia 106  81  17  7  (12)
                 
Ahafo 208  76  16  11  100
Akyem -  -  -  5  (5)
Other Africa -  -  -  3  (2)
 Africa 208  76  16  19  93
                 
Corporate and Other  -  -  4  34  (212)
Consolidated$2,229 $1,002 $248 $188 $557

                      
     Costs    Advanced Pre-Tax    
   Sales Applicable to Sales Amortization Projects and Exploration Income (Loss) Total Assets Capital Expenditures(1)
Six Months Ended June 30, 2013                   
Nevada$1,128 $548 $119 $53 $390 $7,822 $243
La Herradura 161  82  13  21  45  479  64
Other North America -  -  -  1  (5)  68  -
 North America 1,289  630  132  75  430  8,369  307
                       
Yanacocha 875  355  167  23  282  2,977  89
Conga -  -  -  1  -  1,700  161
Other South America -  -  -  10  (12)  122  37
 South America 875  355  167  34  270  4,799  287
                       
Boddington:                    
 Gold 578  426  101            
 Copper 114  110  24            
  Total 692  536  125  -  (2,047)  2,334  54
Other Australia/New Zealand 724  495  104  24  (82)  1,639  83
 Australia/New Zealand 1,416  1,031  229  24  (2,129)  3,973  137
                       
Batu Hijau:                    
 Gold 26  70  15            
 Copper 169  460  90            
  Total 195  530  105  11  (481)  3,388  56
Other Indonesia -  -  -  -  2  4  -
 Indonesia 195  530  105  11  (479)  3,392  56
                       
Ahafo 395  151  37  24  175  1,545  116
Akyem -  -  -  5  (7)  1,159  159
Other Africa -  -  -  8  (11)  1  -
 Africa 395  151  37  37  157  2,705  275
                       
Corporate and Other -  -  12  52  (334)  3,238  7
Consolidated$4,170 $2,697 $682 $233 $(2,085) $26,476 $1,069
                       
 (1)Includes a decrease in accrued capital expenditures of $51; consolidated capital expenditures on a cash basis were $1,120.

                       
      Costs    Advanced Pre-Tax    
   Sales Applicable to Sales Amortization Projects and Exploration Income (Loss) Total Assets Capital Expenditures(1)
Six Months Ended June 30, 2012                    
Nevada$1,294 $525 $100 $77 $586 $7,280 $370
La Herradura 186  65  11  17  91  353  29
Other North America -  -  -  1  (4)  95  -
 North America 1,480  590  111  95  673  7,728  399
                       
Yanacocha 1,208  338  112  35  682  2,775  243
Conga -  -  -  39  (39)  1,462  342
Other South America -  -  -  44  (44)  24  20
 South America 1,208  338  112  118  599  4,261  605
                       
Boddington:                    
 Gold 562  294  81            
 Copper 103  68  18            
  Total 665  362  99  5  180  4,640  52
Other Australia/New Zealand 758  372  72  43  273  1,949  137
 Australia/New Zealand 1,423  734  171  48  453  6,589  189
                       
Batu Hijau:                    
 Gold 52  30  6            
 Copper 260  155  30            
  Total 312  185  36  14  32  3,651  61
Other Indonesia -  -  -  -  3  5  8
 Indonesia 312  185  36  14  35  3,656  69
                       
Ahafo 489  172  40  22  250  1,328  108
Akyem -  -  -  9  (10)  750  189
Other Africa -  -  -  5  (4)  9  -
 Africa 489  172  40  36  236  2,087  297
                       
Corporate and Other  -  -  9  67  (403)  4,339  17
Consolidated$4,912 $2,019 $479 $378 $1,593 $28,660 $1,576
                       
 (1)Includes a decrease in accrued capital expenditures of $2; consolidated capital expenditures on a cash basis were $1,578.
Reclamation and Remediation (Tables)
Reclamation and Remediation Expenses 
   Three Months Ended June 30, Six Months Ended June 30, 
   2013 2012 2013 2012 
 Accretion - operating    15  13  30  27 
 Accretion - non-operating  3  3  6  5 
   $18 $16 $36 $32 
               
Reconciliation of Reclamation and Remediation Liabilities 
   Six Months Ended June 30, 
   2013 2012 
 Balance at beginning of period   $1,539 $1,240 
 Additions, changes in estimates and other    (3)  105 
 Liabilities settled    (24)  (41) 
 Accretion expense    36  32 
 Balance at end of period   $1,548 $1,336 
Write-downs (Tables)
Write-downs
NOTE 5    WRITE-DOWNS 
                
    Three Months Ended June 30, Six Months Ended June 30, 
    2013 2012 2013 2012 
 Property, plant and mine development             
  Yanacocha $- $- $1 $- 
  Boddington  2,107  -  2,107  - 
  Other Australia/New Zealand    66  -  66  - 
  Batu Hijau  1  -  1  - 
     2,174  -  2,175  - 
 Other long-term assets             
  Boddington  31  -  31  - 
  Other Australia/New Zealand    56  -  56  - 
     87  -  87  - 
    $2,261 $- $2,262 $- 
Other Expense, Net (Tables)
Other Expense, Net

NOTE 6    OTHER EXPENSE, NET

 

   Three Months Ended June 30, Six Months Ended June 30, 
   2013 2012 2013 2012 
 Transaction costs $- $12 $45 $12 
 Regional administration    18  29  36  50 
 Restructuring and other  21  -  30  - 
 Community development    17  20  30  51 
 Western Australia power plant    7  4  11  8 
 Hope Bay care and maintenance  -  52  (2)  102 
 Other    14  9  26  23 
   $77 $126 $176 $246 
Other Income, Net (Tables)
Other Income, Net

NOTE 7    OTHER INCOME, NET

 

    Three Months Ended June 30, Six Months Ended June 30, 
    2013 2012 2013 2012 
 Foreign currency exchange, net $40 $12 $37 $(3) 
 Canadian Oil Sands  11  11  21  20 
 Development projects, net  7  19  8  33 
 Refinery income, net  4  2  7  7 
 Interest  2  2  6  7 
 Gain on asset sales, net  -  -  1  10 
 Reduction of allowance for loan receivable  -  -  -  21 
 Impairment of marketable securities  (7)  (8)  (11)  (32) 
 Derivative ineffectiveness, net  (3)  (2)  -  - 
 Other  (4)  -  7  6 
    $50 $36 $76 $69 
Income and Mining Taxes (Tables)
Income and Mining Tax Expense Reconciliation
    Three Months Ended June 30, Six Months Ended June 30,
    2013 2012 2013 2012
Income (loss) before income and mining                        
 tax and other items    $(2,627)    $557    $(2,085)    $1,593
                         
Tax at statutory rate 35% $(919) 35% $195 35% $(730) 35% $558
Reconciling items:                        
 Percentage depletion   2%  (52) (6)%  (34) 4%  (93) (7)%  (108)
 Change in valuation allowance on                         
  deferred tax assets (26)%  685 2%  13 (33)%  691 3%  46
 Other   1%  (39) 1%  1 1%  (12) 2%  22
Income and mining tax expense (benefit) 12% $(325) 32% $175 7% $(144) 33% $518
Net Income Attributable to Noncontrolling Interests (Tables)
Net Income (Loss) Attributable to Noncontrolling Interests

NOTE 10    NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS

 

   Three Months Ended June 30, Six Months Ended June 30, 
   2013 2012 2013 2012 
 Minera Yanacocha   $26 $97 $83 $195 
 TMAC  (2)  -  (14)  - 
 Batu Hijau    (238)  (5)  (241)  8 
 Other    2  -  2  2 
   $(212) $92 $(170) $205 
Income Per Common Share (Tables)
Income Per Common Share
     Three Months Ended June 30, Six Months Ended June 30, 
     2013 2012 2013 2012 
                 
 Net income (loss) attributable to Newmont             
  stockholders             
    Continuing operations  $(2,093) $279 $(1,778) $840 
    Discontinued operations   74  -  74  (71) 
     $(2,019) $279 $(1,704) $769 
                 
 Weighted average common shares (millions):            
  Basic   497  496  497  496 
  Effect of employee stock-based awards   -  1  -  1 
  Effect of convertible notes -  1  -  5 
  Diluted   497  498  497  502 
                 
 Income (loss) per common share            
   Basic:            
    Continuing operations  $(4.21) $0.56 $(3.58) $1.69 
    Discontinued operations   0.15  -  0.15  (0.14) 
     $(4.06) $0.56 $(3.43) $1.55 
   Diluted:            
    Continuing operations  $(4.21) $0.56 $(3.58) $1.67 
    Discontinued operations   0.15  -  0.15  (0.14) 
     $(4.06) $0.56 $(3.43) $1.53 
Employee Pension and Other Benefit Plans (Tables)
Employee Pension and Other Benefit Plans

NOTE 12    EMPLOYEE PENSION AND OTHER BENEFIT PLANS

 

    Three Months Ended June 30, Six Months Ended June 30, 
    2013 2012 2013 2012 
 Pension benefit costs, net              
  Service cost   $9 $8 $18 $15 
  Interest cost    10  11  20  21 
  Expected return on plan assets    (13)  (11)  (25)  (22) 
  Amortization, net  10  8  18  14 
    $16 $16 $31 $28 
                
    Three Months Ended June 30, Six Months Ended June 30, 
    2013 2012 2013 2012 
 Other benefit costs, net              
  Service cost   $1 $- $2 $1 
  Interest cost    2  2  3  3 
    $3 $2 $5 $4 
Stock Based Compensation (Tables)
Stock Option and Other Stock Based Compensation

NOTE 13    STOCK BASED COMPENSATION

 

   Three Months Ended June 30, Six Months Ended June 30, 
   2013 2012 2013 2012 
 Stock options   $2 $3 $5 $7 
 Restricted stock units  7  6  16  11 
 Performance leveraged stock units  2  3  4  6 
 Strategic stock units  3  1  3  1 
   $14 $13 $28 $25 
Fair Value Accounting (Tables)
Fair Value Measurement of Assets and Liabilities 
    Fair Value at June 30, 2013 
    Total Level 1 Level 2 Level 3 
 Assets:            
  Cash equivalents  $32 $32 $- $- 
  Marketable equity securities:              
   Extractive industries 979  979  -  - 
   Other 4  4  -  - 
  Marketable debt securities:            
   Asset backed commercial paper   22  -  -  22 
   Corporate 13  -  13  - 
   Auction rate securities   4  -  -  4 
  Trade receivable from provisional copper             
   and gold concentrate sales, net  139  139  -  - 
    $1,193 $1,154 $13 $26 
 Liabilities:            
  Derivative instruments, net:              
   Foreign exchange forward contracts$168 $- $168 $- 
   Diesel forward contracts 3  -  3  - 
  Boddington contingent consideration 28  -  -  28 
  Holt property royalty 121  -  -  121 
    $320 $- $171 $149 
Fair Value Inputs Assets Liabilities Quantitative Information [Table Text Block] 
                
Description At June 30, 2013 Valuation technique Unobservable input Range/Weighted average  
               
 Auction Rate Securities $4  Discounted cash flow  Weighted average recoverability rate  58% 
 Asset Backed Commercial Paper  22  Discounted cash flow  Recoverability rate  72-88% 
 Boddington Contingent Consideration  28  Monte Carlo   Discount rate  5% 
          Long Term Gold price $1,400  
          Long Term Copper price $3.00  
 Holt property royalty  121  Monte Carlo   Weighted average discount rate  5% 
          Long Term Gold price $1,400  
Changes in the Fair Value of the Company's Level 3 Financial Assets 
    Auction Rate Securities Asset Backed Commercial Paper Total Assets Boddington Contingent Royalty Holt Property Royalty Total Liabilities 
 Balance at beginning of period   $5 $19 $24 $41 $240 $281 
  Unrealized loss  (1)  -  (1)  -  -  - 
  Settlements  -  -  -  (13)  (11)  (24) 
  Revaluation  -  3  3  -  (108)  (108) 
 Balance at end of period   $4 $22 $26 $28 $121 $149 
Derivative Instruments (Tables)
Foreign Currency Derivative Contracts Outstanding 
    Expected Maturity Date 
                Total/ 
    2013 2014 2015 2016 2017 2018 Average 
 A$ Operating Fixed Forward Contracts:                       
  A$ notional (millions)    656  1,117  847  564  273  44  3,501 
  Average rate ($/A$)    0.95  0.93  0.92  0.92  0.91  0.89  0.93 
  Expected hedge ratio  83% 67% 51% 33% 17% 7%   
 NZ$ Operating Fixed Forward Contracts:                       
  NZ$ notional (millions)    40  50  10  -  -  -  100 
  Average rate ($/NZ$)    0.80  0.80  0.79  -  -  -  0.80 
  Expected hedge ratio  63% 41% 16% -  -  -    
Diesel Derivative Contracts Outstanding 
    Expected Maturity Date 
              Total/ 
    2013 2014 2015 2016  Average 
 Diesel Fixed Forward Contracts:                  
  Diesel gallons (millions)    14  21  10  2   47 
  Average rate ($/gallon)    2.90  2.87  2.77  2.70   2.85 
  Expected hedge ratio  65% 49% 25% 7%    
Fair Values of Derivative Instruments Designated as Hedges 
   Fair Value 
   At June 30, 2013 
   Other Current Assets Other Long-Term Assets Other Current Liabilities Other Long-Term Liabilities 
 Foreign currency exchange contracts:            
  A$ operating fixed forwards  $16 $16 $64 $133 
  NZ$ operating fixed forwards -  -  2  1 
 Diesel fixed forwards -  -  2  1 
 Total derivative instruments (Notes 19 and 21)$16 $16 $68 $135 
               
   Fair Value 
   At December 31, 2012 
   Other Current Assets Other Long-Term Assets Other Current Liabilities Other Long-Term Liabilities 
 Foreign currency exchange contracts:            
  A$ operating fixed forwards  $108  143  -  1 
  NZ$ operating fixed forwards   2  -  -  - 
 Diesel fixed forwards 2  1  1  1 
 Total derivative instruments (Notes 19 and 21)$112 $144 $1 $2 
Location and Amount of Gains (Losses) Reported in Condensed Consolidated Financial Statements 
   Foreign Currency Diesel Forward  Forward Starting
   Exchange ContractsContracts Swap Contracts
   2013 2012 2013 2012 2013 2012
 For the three months ended June 30,                 
 Cash flow hedging relationships:                 
  Gain (loss) recognized in other comprehensive income (loss) (effective portion)  $(386) $23 $(6) $(16) $- $-
  Gain (loss) reclassified from Accumulated other comprehensive income into income (loss) (effective portion) (1)   22  38  (4)  1  (6)  (3)
  Gain (Loss) reclassified from Accumulated other comprehensive income into income (loss) (ineffective portion) (2)   -  -  (3)  -  -  -
                    
 For the six months ended June 30,                 
 Cash flow hedging relationships:                 
  Gain (loss) recognized in other comprehensive income (loss) (effective portion)  $(368) $85 $(4) $(4) $- $36
  Gain (loss) reclassified from Accumulated other comprehensive income into income (loss) (effective portion) (1)   60  85  -  4  (9)  (4)
  Gain (loss) reclassified from Accumulated other comprehensive income into income (loss) (ineffective portion) (2)   -  -  -  -  -  2
Gains (Losses) Recorded for Hedged Item Related to Fair Value Hedges 

(1) The gain (loss) recognized for the effective portion of cash flow hedges is included in Cost Applicable to Sales, Write-downs and Interest expense, net.

(2) The ineffective portion recognized for cash flow hedges is included in Other income, net.

 

Investments (Tables)
Investment in Marketable Securities 
     At June 30, 2013 
     Cost/Equity Unrealized Fair/Equity 
     Basis Gain Loss Basis 
 Current:              
  Marketable Equity Securities:             
   Canadian Oil Sands Ltd. $293 $279 $- $572 
   Paladin Energy Ltd.  60  -  (17)  43 
   Other  15  3  (5)  13 
     $368 $282 $(22) $628 
                 
 Long-term:              
  Marketable Debt Securities:             
   Asset backed commercial paper  $24 $- $(2) $22 
   Auction rate securities    7  -  (3)  4 
   Corporate    13  -  -  13 
      44  -  (5)  39 
  Marketable Equity Securities:              
   Gabriel Resources Ltd.    74  -  (7)  67 
   Regis Resources Ltd.  166  91  -  257 
   Other    44  2  (15)  31 
      284  93  (22)  355 
                 
  Other investments, at cost     13  -  -  13 
                 
  Investment in Affiliates:             
   Euronimba Ltd.  3  -  -  3 
   Minera La Zanja S.R.L.  75  -  -  75 
     $419 $93 $(27) $485 
                 

     At December 31, 2012 
     Cost/Equity Unrealized Fair/Equity 
     Basis Gain Loss Basis 
 Current:              
  Marketable Equity Securities:             
   Paladin Energy Ltd. $60 $- $(3) $57 
   Other  17  14  (2)  29 
     $77 $14 $(5) $86 
 Long-term:              
  Marketable Debt Securities:              
   Asset backed commercial paper  $25 $- $(6) $19 
   Auction rate securities    7  -  (2)  5 
   Corporate    14  -  -  14 
      46  -  (8)  38 
  Marketable Equity Securities:              
   Canadian Oil Sands Trust  310  318  -  628 
   Gabriel Resources Ltd.    78  42  -  120 
   Regis Resources Ltd.  166  352  -  518 
   Other    51  14  -  65 
      605  726  -  1,331 
                 
  Other investments, at cost     12  -  -  12 
                 
  Investment in Affiliates:              
   Minera La Zanja S.R.L.  65  -  -  65 
     $728 $726 $(8) $1,446 
Gross Unrealized Losses and Fair Value of the Company's Investments 
  Less than 12 Months  12 Months or Greater  Total
At June 30, 2013 Fair Value  Unrealized Losses  Fair Value  Unrealized Losses  Fair Value  Unrealized Losses
Marketable equity securities$ 143 $ 44 $ -  $ -  $ 143 $ 44
Asset backed commercial paper   -    -    22   2   22   2
Auction rate securities    -    -    4   3   4   3
 $ 143 $ 44 $ 26 $ 5 $ 169 $ 49
                  
                  
                  
  Less than 12 Months  12 Months or Greater  Total
At December 31, 2012 Fair Value  Unrealized Losses  Fair Value  Unrealized Losses  Fair Value  Unrealized Losses
Marketable equity securities$ 79 $ 5 $ -  $ -  $ 79 $ 5
Asset backed commercial paper   -    -    19   6   19   6
Auction rate securities    -    -    5   2   5   2
 $ 79 $ 5 $ 24 $ 8 $ 103 $ 13
Inventories (Tables)
Summary of Inventories

NOTE 17    INVENTORIES

 

         
   At June 30, At December 31, 
  20132012 
 In-process $110 $143 
 Concentrate  153  152 
 Precious metals  29  31 
 Materials, supplies and other  511  470 
   $803 $796 
Stockpiles and Ore on Leach Pads (Tables)
Stockpiles and Ore on Leach Pads 

NOTE 18    STOCKPILES AND ORE ON LEACH PADS

 

         
   At June 30, At December 31, 
   20132012 
 Current:      
  Stockpiles$ 517 $ 602 
  Ore on leach pads  221   184 
   $ 738 $ 786 
 Long-term:      
  Stockpiles$ 2,475 $ 2,514 
  Ore on leach pads  254   382 
   $ 2,729 $ 2,896 
Stockpiles and Ore on Leach Pads, by Segment 
   At June 30, At December 31, 
   2013 2012 
 Stockpiles and ore on leach pads:      
  Nevada$829 $699 
  La Herradura 78  57 
  Yanacocha 504  498 
  Boddington 389  474 
  Batu Hijau 1,289  1,543 
  Other Australia/New Zealand 115  173 
  Ahafo 252  235 
  Akyem 11  3 
   $3,467 $3,682 
Other Assets (Tables)
Other Assets

NOTE 19    OTHER ASSETS

 

   At June 30, At December 31, 
   20132012 
 Other current assets:      
  Refinery metal inventory and receivable$530 $1,183 
  Prepaid assets 200  213 
  Derivative instruments  16  112 
  Restricted cash -  12 
  Other   98  141 
   $844 $1,661 
         
 Other long-term assets:      
  Income tax receivable$214 $92 
  Goodwill 132  188 
  Intangible assets 104  136 
  Restricted cash   94  90 
  Prepaid royalties 78  78 
  Debt issuance costs   67  73 
  Derivative instruments 16  144 
  Prepaid maintenance costs 23  17 
  Other   80  54 
   $808 $872 
Debt (Tables)
Debt

NOTE 20    DEBT

 

 At June 30, 2013 At December 31, 2012 
 Current Non-Current Current Non-Current 
Corporate revolving credit facility$ -  $ 310 $ -  $ -  
2014 Convertible Senior Notes, net  -    548   -    535 
2017 Convertible Senior Notes, net  -    481   -    471 
2019 Senior Notes, net   -    897   -    897 
2022 Senior Notes, net   -    1,490   -    1,489 
2035 Senior Notes, net   -    598   -    598 
2039 Senior Notes, net   -    1,087   -    1,087 
2042 Senior Notes, net   -    992   -    992 
Ahafo project finance facility    10   30   10   35 
PTNNT revolving credit facility  -    290   -    180 
Other   38   3   -    4 
 $ 48 $ 6,726 $ 10 $ 6,288 
             
Other Liabilities (Tables)
Other Liabilities
         
   At June 30, At December 31, 
   20132012 
 Other current liabilities:      
  Refinery metal payable$530 $1,183 
  Accrued operating costs 169  336 
  Accrued capital expenditures 123  172 
  Reclamation and remediation liabilities 77  82 
  Interest 74  74 
  Derivative instruments 68  1 
  Deferred income tax 64  65 
  Royalties 38  42 
  Holt property royalty 13  21 
  Boddington contingent consideration -  26 
  Taxes other than income and mining 7  14 
  Other 115  68 
   $1,278 $2,084 
         
 Other long-term liabilities:      
  Derivative instruments$135 $2 
  Holt property royalty 108  219 
  Income and mining taxes   71  65 
  Power supply agreements 40  46 
  Deferred income tax from discontinued operations 34  - 
  Boddington contingent consideration  28  15 
  Other  23  25 
   $439 $372 
         
Changes in Equity (Tables)
Changes in Equity

NOTE 22    CHANGES IN EQUITY

 

     Six Months Ended June 30, 
     2013 2012 
 Common stock:       
  At beginning of period $787 $784 
   Stock based awards   2  2 
  At end of period    789  786 
           
 Additional paid-in capital:       
  At beginning of period    8,330  8,408 
   Conversion premium on convertible notes  0  (172) 
   Stock based awards  53  55 
   Sale of noncontrolling interests  48   -  
  At end of period    8,431  8,291 
          
 Accumulated other comprehensive income (loss):       
  At beginning of period    490  652 
   Other comprehensive income (loss)  (561)  (291) 
  At end of period    (71)  361 
           
 Retained earnings:       
  At beginning of period    4,166  3,052 
   Net income (loss) attributable to Newmont stockholders    (1,704)  769 
   Dividends paid    (385)  (347) 
  At end of period    2,077  3,474 
           
 Noncontrolling interests:       
  At beginning of period    3,175  2,875 
   Net income (loss) attributable to noncontrolling interests    (170)  205 
   Dividends paid to noncontrolling interests  (2)  (3) 
   Sale of noncontrolling interests, net  10  0 
   Other comprehensive income    (1)  0 
  At end of period    3,012  3,077 
 Total equity   $14,238 $15,989 
           
Reclassifications out of Accumulated OCI (Tables)
Reclassifications Out of Accumulated Other Comprehensive Income [Table Text Block]
   Unrealized gain on marketable securities, net Foreign currency translation adjustments Pension and other post-retirement benefit adjustments Changes in fair value of cash flow hedge instruments Total
                 
December 31, 2012 $542 $177 $(276) $47 $490
                 
Change in other comprehensive income                
 (loss) before reclassifications  (287)  (21)  (1)  (237)  (546)
Reclassifications from accumulated                
 other comprehensive income (loss)  8  -  12  (35)  (15)
Net current-period other                
 comprehensive income (loss)  (279)  (21)  11  (272)  (561)
June 30, 2013 $263 $156 $(265) $(225) $(71)

 Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Condensed Consolidated Statement of Income (Loss) 
     Three Months Ended June 30, 2013 Six Months Ended June 30, 2013    
 Unrealized gain on marketable securities:          
   Impairment of marketable securities $7 $11  Other income, net 
  Total before tax  7  11    
  Tax expense  (2)  (3)    
  Net of tax $5 $8    
              
 Pension liability adjustments:          
   Amortization, net $10 $18  (1) 
  Total before tax  10  18    
  Tax expense  (3)  (6)    
  Net of tax $7 $12    
              
 Gain (loss) on hedge instruments:          
   Operating cash flow hedges $(37) $(79)  Costs applicable to sales 
   Capital cash flow hedges  1  1  Amortization 
   Capital cash flow hedges  18  18  Write-downs 
   Forward starting swap hedges  6  9  Interest expense, net 
   Hedge ineffectiveness  3  -  Other income, net 
  Total before tax  (9)  (51)    
  Tax benefit  4  16    
  Net of tax $(5) $(35)    
              
 Total reclassifications for the period,          
  net of tax $7 $(15)    
              
 (1)  This accumulated other comprehensive income (loss) component is included in General and administrative and costs that benefit the inventory/production process. Refer to Note 2 in the Newmont Annual Report on Form 10-K for the year ended December 31, 2012 for information on costs that benefit the inventory/production process. 
Net Change in Operating Assets and Liabilities (Tables)
Net Change in Operating Assets and Liabilities
   Six Months Ended June 30, 
   2013 2012 
 Decrease (increase) in operating assets:      
  Trade and accounts receivable  $187 $(14) 
  Inventories, stockpiles and ore on leach pads   (405)  (443) 
  EGR refinery assets   623  406 
  Other assets   8  (43) 
 Decrease in operating liabilities:      
  Accounts payable and other accrued liabilities   (227)  (227) 
  EGR refinery liabilities   (623)  (406) 
  Reclamation liabilities   (24)  (41) 
   $(461) $(768) 
Condensed Consolidating Financial Statements (Tables)
Condensed Consolidating Statement of Income 
##SR

                                      
    For Three Months Ended June 30, 2012
    Newmont USA  Other Subsidiaries  Eliminations
Condensed Consolidating Statement of Income As Previously Presented  Change  Subsidiary Merger  As Currently Presented  As Previously Presented  Change  Subsidiary Merger  As Currently Presented  As Previously Presented  Change  Subsidiary Merger  As Currently Presented
                                      
Sales$ 1,383 $ (919) $ 59 $ 523 $ 846 $ 919 $ (59) $ 1,706 $ -  $ -  $ -  $ -
                                      
Costs and expenses                                   
 Costs applicable to sales   550   (314)   7   243   464   302   (7)   759   (12)   12   -    -
 Amortization    135   (103)   7   39   113   103   (7)   209   -    -    -    -
 Reclamation and remediation   12   (11)   1   2   4   11   (1)   14   -    -    -    -
 Exploration    71   (52)   5   24   35   52   (5)   82   -    -    -    -
 Advanced projects, research and development    64   (56)   2   10   17   57   (2)   72   1   (1)   -    -
 General and administrative    44   2   -    46   2   9   -    11   11   (11)   -    -
 Other expense, net  42   (32)   -    10   84   32   -    116   -    -    -    -
     918   (566)   22   374   719   566   (22)   1,263   -    -    -    -
Other income (expense)                                    
 Other income, net    12   (8)   -    4   30   2   -    32   -    -    -    -
 Interest income - intercompany    1   5   -    6   6   (5)   -    1   (46)   -    -    (46)
 Interest expense - intercompany    (1)   2   -    1   (42)   (2)   -    (44)   46   -    -    46
 Interest expense, net    (7)   5   -    (2)   (2)   1   -    (1)   -    -    -    -
     5   4   -    9   (8)   (4)   -    (12)   -    -    -    -
Income (loss) before income and mining tax and other items  470   (349)   37   158   119   349   (37)   431   -    -    -    -
Income and mining tax benefit (expense)  (83)   24   -    (59)   (103)   (24)   -    (127)   -    -    -    -
Equity income (loss) of affiliates    (2)   234   (37)   195   50   (2)   -    48   (359)   (232)   37   (554)
Net income (loss)  385   (91)   -    294   66   323   (37)   352   (359)   (232)   37   (554)
Net loss (income) attributable to noncontrolling interests  (91)   91   -    -    (31)   (91)   -    (122)   30   -    -    30
Net income (loss) attributable to Newmont stockholders$ 294 $ -  $ -  $ 294 $ 35 $ 232 $ (37) $ 230 $ (329) $ (232) $ 37 $ (524)
                                      
Comprehensive income (loss)$ 357 $ (91) $ -  $ 266 $ (190) $ 295 $ (37) $ 68 $ (77) $ (204) $ 37 $ (244)
Comprehensive loss (income) attributable to                                   
  noncontrolling interests  (91)   91   -    -    (29)   (91)   -    (120)   30   -    -    30
Comprehensive income (loss) attributable to                                   
  Newmont stockholders$ 266 $ -  $ -  $ 266 $ (219) $ 204 $ (37) $ (52) $ (47) $ (204) $ 37 $ (214)

                                      
    For Six Months Ended June 30, 2012
    Newmont USA  Other Subsidiaries  Eliminations
Condensed Consolidating Statement of Income As Previously Presented  Change  Subsidiary Merger  As Currently Presented  As Previously Presented  Change  Subsidiary Merger  As Currently Presented  As Previously Presented  Change  Subsidiary Merger  As Currently Presented
                                      
Sales$ 3,000 $ (1,951) $ 137 $ 1,186 $ 1,912 $ 1,951 $ (137) $ 3,726 $ -  $ -  $ -  $ -
                                      
Costs and expenses                                   
 Costs applicable to sales   1,113   (625)   12   500   929   602   (12)   1,519   (23)   23   -    -
 Amortization    265   (197)   13   81   214   197   (13)   398   -    -    -    -
 Reclamation and remediation   23   (20)   2   5   9   20   (2)   27   -    -    -    -
 Exploration    124   (86)   5   43   70   86   (5)   151   -    -    -    -
 Advanced projects, research and development    152   (132)   2   22   31   133   (2)   162   1   (1)   -    -
 General and administrative    86   (21)   -    65   3   43   -    46   22   (22)   -    -
 Other expense, net  89   (72)   -    17   157   72   -    229   -    -    -    -
     1,852   (1,153)   34   733   1,413   1,153   (34)   2,532   -    -    -    -
Other income (expense)                                    
 Other income, net    25   (13)   -    12   53   2   -    55   -    -    -    -
 Interest income - intercompany    3   11   -    14   11   (11)   -    -    (93)   -    -    (93)
 Interest expense - intercompany    (1)   1   -    -    (84)   (1)   -    (85)   93   -    -    93
 Interest expense, net    (12)   9   -    (3)   (3)   2   -    (1)   -    -    -    -
     15   8   -    23   (23)   (8)   -    (31)   -    -    -    -
Income (loss) before income and mining tax and other items  1,163   (790)   103   476   476   790   (103)   1,163   -    -    -    -
Income and mining tax benefit (expense)  (229)   101   -    (128)   (305)   (101)   -    (406)   -    -    -    -
Equity income (loss) of affiliates    (13)   486   (103)   370   117   -    -    117   (933)   (486)   103   (1,316)
Income (loss) from continuing operations    921   (203)   -    718   288   689   (103)   874   (933)   (486)   103   (1,316)
Income (loss) from discontinued operations    4   (4)   -    -    (75)   4   -    (71)   -    -    -    -
Net income (loss)  925   (207)   -    718   213   693   (103)   803   (933)   (486)   103   (1,316)
Net loss (income) attributable to noncontrolling interests  (207)   207   -    -    (63)   (207)   -    (270)   65   -    -    65
Net income (loss) attributable to Newmont stockholders$ 718 $ -  $ -  $ 718 $ 150 $ 486 $ (103) $ 533 $ (868) $ (486) $ 103 $ (1,251)
                                      
Comprehensive income (loss)$ 898 $ (207) $ -  $ 691 $ (51) $ 660 $ (103) $ 506 $ (642) $ (453) $ 103 $ (992)
Comprehensive loss (income) attributable to                                   
  noncontrolling interests  (207)   207   -    -    (63)   (207)   -    (270)   65   -    -    65
Comprehensive income (loss) attributable to                                   
  Newmont stockholders$ 691 $ -  $ -  $ 691 $ (114) $ 453 $ (103) $ 236 $ (577) $ (453) $ 103 $ (927)
Condensed Consolidating Statement of Cash Flows 
     Six Months Ended June 30, 2013 
                 Newmont 
     Newmont         Mining 
     Mining Newmont Other   Corporation 
   Condensed Consolidating Statement of Cash Flows Corporation USA Subsidiaries Eliminations Consolidated 
Operating activities:                
  Net income (loss) $(1,704) $(136) $(2,165) $2,131 $(1,874) 
  Adjustments    1,731  495  2,976  (2,135)  3,067 
  Net change in operating assets and liabilities    (16)  (251)  (194)  -  (461) 
Net cash provided from (used in) continuing operations  11  108  617  (4)  732 
Net cash used in discontinued operations  -  -  (11)  -  (11) 
Net cash provided from (used in) operations    11  108  606  (4)  721 
Investing activities:                
  Additions to property, plant and mine development    -  (230)  (890)  -  (1,120) 
  Acquisitions, net     -  -  (13)  -  (13) 
  Sale of marketable securities  -  -  1  -  1 
  Purchases of marketable securities  -  -  (1)  -  (1) 
  Proceeds from sale of other assets  -  -  49  -  49 
  Other    -  -  (21)  -  (21) 
Net cash used in investing activities    -  (230)  (875)  -  (1,105) 
Financing activities:                
  Proceeds from debt, net  739  -  248  -  987 
  Repayment of debt  (429)  -  (105)  -  (534) 
  Net intercompany borrowings (repayments)  62  (215)  156  (3)  - 
  Proceeds from stock issuance, net  2  -  -  -  2 
  Sale of noncontrolling interests  -  -  32  -  32 
  Acquisition of noncontrolling interests  -  -  (10)  -  (10) 
  Dividends paid to noncontrolling interests  -  -  (5)  3  (2) 
  Dividends paid to common stockholders   (385)  -  (4)  4  (385) 
  Other    -  -  (3)  -  (3) 
Net cash provided from (used in) financing activities    (11)  (215)  309  4  87 
Effect of exchange rate changes on cash    -  -  (16)  -  (16) 
Net change in cash and cash equivalents    -  (337)  24  -  (313) 
Cash and cash equivalents at beginning of period    -  342  1,219  -  1,561 
Cash and cash equivalents at end of period   $- $5 $1,243 $- $1,248 

     Six Months Ended June 30, 2012
                Newmont 
     Newmont       Mining 
     Mining Newmont Other   Corporation 
   Condensed Consolidating Statement of Cash Flows Corporation USA Subsidiaries Eliminations Consolidated 
Operating activities:                
  Net income (loss) $769 $718 $803 $(1,316) $974 
  Adjustments    (767)  (192)  404  1,313  758 
  Net change in operating assets and liabilities    (7)  (752)  (9)  -  (768) 
Net cash provided from (used in) continuing operations    (5)  (226)  1,198  (3)  964 
Net cash used in discontinued operations    -  -  (8)  -  (8) 
Net cash provided from (used in) operations    (5)  (226)  1,190  (3)  956 
Investing activities:                
  Additions to property, plant and mine development    -  (324)  (1,254)  -  (1,578) 
  Acquisitions, net  -  -  (22)  -  (22) 
  Sale of marketable securities  -  106  -  -  106 
  Purchases of marketable securities  -  (196)  -  -  (196) 
  Proceeds from sale of other assets  -  -  13  -  13 
  Other    -  -  (37)  -  (37) 
Net cash used in investing activities    -  (414)  (1,300)  -  (1,714) 
Financing activities:                
  Proceeds from debt, net  3,345  -  (2)  -  3,343 
  Repayment of debt  (1,802)  (135)  (4)  -  (1,941) 
  Payment of conversion premium on debt  (172)  -  -  -  (172) 
  Net intercompany borrowings (repayments)   (1,034)  1,267  (229)  (4)  - 
  Proceeds from stock issuance, net    15  -  -  -  15 
  Dividends paid to noncontrolling interests  -  -  (7)  4  (3) 
  Dividends paid to common stockholders    (347)  -  (3)  3  (347) 
  Other    -  -  (1)  -  (1) 
Net cash provided from (used in) financing activities    5  1,132  (246)  3  894 
Effect of exchange rate changes on cash    -  -  1  -  1 
Net change in cash and cash equivalents    -  492  (355)  -  137 
Cash and cash equivalents at beginning of period    -  10  1,750  -  1,760 
Cash and cash equivalents at end of period   $- $502 $1,395 $- $1,897 

                                                 
                                                 
     At June 30, 2012
      Newmont Mining Corporation  Newmont USA  Other Subsidiaries  Eliminations
Condensed Consolidating Statement of Cash Flows  As Previously Presented  Change  As Revised  As Previously Presented  Change  Subsidiary Merger  As Revised  As Previously Presented  Change  Subsidiary Merger  As Revised  As Previously Presented  Change  Subsidiary Merger  As Revised
Operating activities:                                             
  Net income (loss) $ 769 $ -  $ 769 $ 925 $ (207) $ -  $ 718 $ 213 $ 697 $ (107) $ 803 $ (933) $ (490) $ 107 $ (1,316)
  Adjustments     32   (799)   (767)   273   (583)   118   (192)   (480)   895   (11)   404   933   487   (107)   1,313
  Net change in operating assets and liabilities     (7)   -    (7)   (514)   (216)   (22)   (752)   (247)   216   22   (9)   -    -    -    -
Net cash provided from (used in) continuing operations     794   (799)   (5)   684   (1,006)   96   (226)   (514)   1,808   (96)   1,198   -    (3)   -    (3)
Net cash used in discontinued operations     -    -    -    -    -    -    -    (8)   -    -    (8)   -    -    -    -
Net cash provided from (used in) operations     794   (799)   (5)   684   (1,006)   96   (226)   (522)   1,808   (96)   1,190   -    (3)   -    (3)
Investing activities:                                             
  Additions to property, plant and mine development     -    -    -    (1,090)   818   (52)   (324)   (488)   (818)   52   (1,254)   -    -    -    -
  Acquisitions, net      -    -    -    -    -    -    -    (22)   -    -    (22)   -    -    -    -
  Sale of marketable securities   -    -    -    -    106   -    106   106   (106)   -    -    -    -    -    -
  Purchases of marketable securities   -    -    -    (91)   (105)   -    (196)   (105)   105   -    -    -    -    -    -
  Proceeds from sale of other assets   -    -    -    9   (9)   -    -    4   9   -    13   -    -    -    -
  Other     -    -    -    -    -    -    -    (37)   -    -    (37)   -    -    -    -
Net cash used in investing activities     -    -    -    (1,172)   810   (52)   (414)   (542)   (810)   52   (1,300)   -    -    -    -
Financing activities:                                             
  Net borrowings (repayments)   1,543   -    1,543   (136)   1   -    (135)   (5)   (1)   -    (6)   -    -    -    -
  Payment of conversion premium on debt   (172)   -    (172)   -    -    -    -    -    -    -    -    -    -    -    -
  Net intercompany borrowings (repayments)    (1,833)   799   (1,034)   692   619   (44)   1,267   1,141   (1,414)   44   (229)   -    (4)   -    (4)
  Proceeds from stock issuance, net   15   -    15   -    -    -    -    -    -    -    -    -    -    -    -
  Dividends paid to noncontrolling interests   -    -    -    (3)   3   -    -    -    (7)   -    (7)   -    4   -    4
  Dividends paid to common stockholders     (347)   -    (347)   -    -    -    -    -    (3)   -    (3)   -    3   -    3
  Other     -    -    -    -    -    -    -    (1)   -    -    (1)   -    -    -    -
Net cash provided from (used in) financing activities     (794)   799   5   553   623   (44)   1,132   1,135   (1,425)   44   (246)   -    3   -    3
Effect of exchange rate changes on cash     -    -    -    (1)   1   -    -    2   (1)   -    1   -    -    -    -
Net change in cash and cash equivalents     -    -    -    64   428   -    492   73   (428)   -    (355)   -    -    -    -
Cash and cash equivalents at beginning of period     -    -    -    1,526   (1,516)   -    10   234   1,516   -    1,750   -    -    -    -
Cash and cash equivalents at end of period   $ -  $ -  $ -  $ 1,590 $ (1,088) $ -  $ 502 $ 307 $ 1,088 $ -  $ 1,395 $ -  $ -  $ -  $ -
Basis of Presentation (Details) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Basis Of Presentation Details [Line Items]
 
Line of Credit Facility, Current Borrowing Capacity
$ 15 
TMAC [Member]
 
Basis Of Presentation Details [Line Items]
 
VIE ownership interest percent
49.90% 
Segment Information (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
$ 1,993 
$ 2,229 
$ 4,170 
$ 4,912 
 
Costs Applicable to Sales
1,653 
1,002 
2,697 
2,019 
 
Amortization
415 
248 
682 
479 
 
Advanced Projects and Exploration
122 
188 
233 
378 
 
Pre-Tax Income (Loss)
(2,627)
557 
(2,085)
1,593 
 
Totals Assets
26,476 
28,660 
26,476 
28,660 
29,650 
Capital Expenditures
 
 
1,069 
1,576 
 
Segment Information (Textuals) [Abstract]
 
 
 
 
 
Change in accrued capital expenditures
 
 
51 
2 
 
Consolidated capital expenditures on a cash basis
 
 
1,120 
1,578 
 
Nevada [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
558 
571 
1,128 
1,294 
 
Costs Applicable to Sales
276 
258 
548 
525 
 
Amortization
60 
47 
119 
100 
 
Advanced Projects and Exploration
28 
43 
53 
77 
 
Pre-Tax Income (Loss)
181 
217 
390 
586 
 
Totals Assets
7,822 
7,280 
7,822 
7,280 
 
Capital Expenditures
 
 
243 
370 
 
La Herradura [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
71 
93 
161 
186 
 
Costs Applicable to Sales
42 
33 
82 
65 
 
Amortization
7 
6 
13 
11 
 
Advanced Projects and Exploration
15 
11 
21 
17 
 
Pre-Tax Income (Loss)
8 
46 
45 
91 
 
Totals Assets
479 
353 
479 
353 
 
Capital Expenditures
 
 
64 
29 
 
Other North America [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
0 
0 
0 
0 
 
Costs Applicable to Sales
0 
0 
0 
0 
 
Amortization
0 
0 
0 
0 
 
Advanced Projects and Exploration
0 
1 
1 
1 
 
Pre-Tax Income (Loss)
(2)
(2)
(5)
(4)
 
Totals Assets
68 
95 
68 
95 
 
Capital Expenditures
 
 
0 
0 
 
North America [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
629 
664 
1,289 
1,480 
 
Costs Applicable to Sales
318 
291 
630 
590 
 
Amortization
67 
53 
132 
111 
 
Advanced Projects and Exploration
43 
55 
75 
95 
 
Pre-Tax Income (Loss)
187 
261 
430 
673 
 
Totals Assets
8,369 
7,728 
8,369 
7,728 
 
Capital Expenditures
 
 
307 
399 
 
Yanacocha [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
420 
614 
875 
1,208 
 
Costs Applicable to Sales
197 
177 
355 
338 
 
Amortization
97 
62 
167 
112 
 
Advanced Projects and Exploration
10 
18 
23 
35 
 
Pre-Tax Income (Loss)
87 
333 
282 
682 
 
Totals Assets
2,977 
2,775 
2,977 
2,775 
 
Capital Expenditures
 
 
89 
243 
 
Conga [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
 
0 
0 
0 
 
Costs Applicable to Sales
0 
0 
0 
0 
 
Amortization
0 
0 
0 
0 
 
Advanced Projects and Exploration
0 
12 
1 
39 
 
Pre-Tax Income (Loss)
(1)
(12)
0 
(39)
 
Totals Assets
1,700 
1,462 
1,700 
1,462 
 
Capital Expenditures
 
 
161 
342 
 
Other South America [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
0 
0 
0 
0 
 
Costs Applicable to Sales
0 
0 
0 
0 
 
Amortization
0 
0 
0 
0 
 
Advanced Projects and Exploration
5 
19 
10 
44 
 
Pre-Tax Income (Loss)
(6)
(19)
(12)
(44)
 
Totals Assets
122 
24 
122 
24 
 
Capital Expenditures
 
 
37 
20 
 
South America [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
420 
614 
875 
1,208 
 
Costs Applicable to Sales
197 
177 
355 
338 
 
Amortization
97 
62 
167 
112 
 
Advanced Projects and Exploration
15 
49 
34 
118 
 
Pre-Tax Income (Loss)
80 
302 
270 
599 
 
Totals Assets
4,799 
4,261 
4,799 
4,261 
 
Capital Expenditures
 
 
287 
605 
 
Boddington [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
298 
306 
692 
665 
 
Costs Applicable to Sales
314 
195 
536 
362 
 
Amortization
73 
61 
125 
99 
 
Advanced Projects and Exploration
0 
2 
0 
5 
 
Pre-Tax Income (Loss)
(2,161)
37 
(2,047)
180 
 
Totals Assets
2,334 
4,640 
2,334 
4,640 
 
Capital Expenditures
 
 
54 
52 
 
Boddington [Member] |
Gold [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
249 
264 
578 
562 
 
Costs Applicable to Sales
252 
157 
426 
294 
 
Amortization
59 
49 
101 
81 
 
Boddington [Member] |
Copper [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
49 
42 
114 
103 
 
Costs Applicable to Sales
62 
38 
110 
68 
 
Amortization
14 
12 
24 
18 
 
Other Australia New Zealand [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
332 
331 
724 
758 
 
Costs Applicable to Sales
263 
182 
495 
372 
 
Amortization
58 
35 
104 
72 
 
Advanced Projects and Exploration
12 
22 
24 
43 
 
Pre-Tax Income (Loss)
(175)
88 
(82)
273 
 
Totals Assets
1,639 
1,949 
1,639 
1,949 
 
Capital Expenditures
 
 
83 
137 
 
Australia/New Zealand [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
630 
637 
1,416 
1,423 
 
Costs Applicable to Sales
577 
377 
1,031 
734 
 
Amortization
131 
96 
229 
171 
 
Advanced Projects and Exploration
12 
24 
24 
48 
 
Pre-Tax Income (Loss)
(2,336)
125 
(2,129)
453 
 
Totals Assets
3,973 
6,589 
3,973 
6,589 
 
Capital Expenditures
 
 
137 
189 
 
Batu Hijau [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
114 
106 
195 
312 
 
Costs Applicable to Sales
476 
81 
530 
185 
 
Amortization
94 
17 
105 
36 
 
Advanced Projects and Exploration
5 
7 
11 
14 
 
Pre-Tax Income (Loss)
(477)
(16)
(481)
32 
 
Totals Assets
3,388 
3,651 
3,388 
3,651 
 
Capital Expenditures
 
 
56 
61 
 
Batu Hijau [Member] |
Gold [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
15 
18 
26 
52 
 
Costs Applicable to Sales
63 
11 
70 
30 
 
Amortization
13 
3 
15 
6 
 
Batu Hijau [Member] |
Copper [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
99 
88 
169 
260 
 
Costs Applicable to Sales
413 
70 
460 
155 
 
Amortization
81 
14 
90 
30 
 
Other Indonesia [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
0 
0 
0 
0 
 
Costs Applicable to Sales
0 
0 
0 
0 
 
Amortization
0 
0 
0 
0 
 
Advanced Projects and Exploration
0 
0 
0 
0 
 
Pre-Tax Income (Loss)
(1)
4 
2 
3 
 
Totals Assets
4 
5 
4 
5 
 
Capital Expenditures
 
 
0 
8 
 
Indonesia [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
114 
106 
195 
312 
 
Costs Applicable to Sales
476 
81 
530 
185 
 
Amortization
94 
17 
105 
36 
 
Advanced Projects and Exploration
5 
7 
11 
14 
 
Pre-Tax Income (Loss)
(478)
(12)
(479)
35 
 
Totals Assets
3,392 
3,656 
3,392 
3,656 
 
Capital Expenditures
 
 
56 
69 
 
Ahafo [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
200 
208 
395 
489 
 
Costs Applicable to Sales
85 
76 
151 
172 
 
Amortization
20 
16 
37 
40 
 
Advanced Projects and Exploration
11 
11 
24 
22 
 
Pre-Tax Income (Loss)
79 
100 
175 
250 
 
Totals Assets
1,545 
1,328 
1,545 
1,328 
 
Capital Expenditures
 
 
116 
108 
 
Akyem [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
0 
0 
0 
0 
 
Costs Applicable to Sales
0 
0 
0 
0 
 
Amortization
0 
0 
0 
0 
 
Advanced Projects and Exploration
2 
5 
5 
9 
 
Pre-Tax Income (Loss)
(2)
(5)
(7)
(10)
 
Totals Assets
1,159 
750 
1,159 
750 
 
Capital Expenditures
 
 
159 
189 
 
Other Africa [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
0 
0 
0 
0 
 
Costs Applicable to Sales
0 
0 
0 
0 
 
Amortization
0 
0 
0 
0 
 
Advanced Projects and Exploration
5 
3 
8 
5 
 
Pre-Tax Income (Loss)
(8)
(2)
(11)
(4)
 
Totals Assets
1 
9 
1 
9 
 
Capital Expenditures
 
 
0 
0 
 
Africa [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
200 
208 
395 
489 
 
Costs Applicable to Sales
85 
76 
151 
172 
 
Amortization
20 
16 
37 
40 
 
Advanced Projects and Exploration
18 
19 
37 
36 
 
Pre-Tax Income (Loss)
69 
93 
157 
236 
 
Totals Assets
2,705 
2,087 
2,705 
2,087 
 
Capital Expenditures
 
 
275 
297 
 
Corporate and Other [Member]
 
 
 
 
 
Financial Information of Newmont's Segments
 
 
 
 
 
Sales
 
 
0 
0 
 
Costs Applicable to Sales
 
 
0 
0 
 
Amortization
6 
4 
12 
9 
 
Advanced Projects and Exploration
29 
34 
52 
67 
 
Pre-Tax Income (Loss)
(149)
(212)
(334)
(403)
 
Totals Assets
3,238 
4,339 
3,238 
4,339 
 
Capital Expenditures
 
 
$ 7 
$ 17 
 
Reclamation and Remediation (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Reclamation And Remediation Expenses [Abstract]
 
 
 
 
 
Reclamation
$ 0 
$ 0 
$ 0 
$ 0 
 
Accretion
 
 
36 
32 
 
Reclamation and remediation expense, total
18 
16 
36 
32 
 
Reconciliation of Reclamation and Remediation Liabilities
 
 
 
 
 
Balance at beginning of period
 
 
1,539 
1,240 
 
Additions, changes in estimates and other
 
 
(3)
105 
 
Liabilities settled
 
 
(24)
(41)
 
Accretion
 
 
36 
32 
 
Balance at end of period
1,548 
1,336 
1,548 
1,336 
 
Reclamation And Remediation (Textuals) [Abstract]
 
 
 
 
 
Asset Retirement Obligation
1,548 
1,336 
1,548 
1,336 
 
Current portion of Reclamation and remediation liabilities
77 
 
77 
 
82 
Operating [Member]
 
 
 
 
 
Reclamation And Remediation Expenses [Abstract]
 
 
 
 
 
Accretion
15 
13 
30 
27 
 
Reconciliation of Reclamation and Remediation Liabilities
 
 
 
 
 
Balance at beginning of period
 
 
1,341 
 
 
Accretion
15 
13 
30 
27 
 
Balance at end of period
1,360 
 
1,360 
 
 
Reclamation And Remediation (Textuals) [Abstract]
 
 
 
 
 
Asset Retirement Obligation
1,360 
 
1,360 
 
 
Nonoperating [Member]
 
 
 
 
 
Reclamation And Remediation Expenses [Abstract]
 
 
 
 
 
Accretion
3 
3 
6 
5 
 
Reconciliation of Reclamation and Remediation Liabilities
 
 
 
 
 
Balance at beginning of period
 
 
198 
 
 
Accretion
3 
3 
6 
5 
 
Balance at end of period
188 
 
188 
 
 
Reclamation And Remediation (Textuals) [Abstract]
 
 
 
 
 
Asset Retirement Obligation
$ 188 
 
$ 188 
 
 
Write-downs (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Write-downs [Line Items]
 
 
 
 
 
Write-downs
$ 2,261 
$ 0 
$ 2,262 
$ 0 
 
Goodwill
132 
 
132 
 
188 
Property Plant And Mine Development [Member]
 
 
 
 
 
Write-downs [Line Items]
 
 
 
 
 
Write-downs
2,174 
 
 
 
 
Property Plant And Mine Development [Member] |
Yanacocha [Member]
 
 
 
 
 
Write-downs [Line Items]
 
 
 
 
 
Write-downs
 
 
1 
 
 
Property Plant And Mine Development [Member] |
Boddington [Member]
 
 
 
 
 
Write-downs [Line Items]
 
 
 
 
 
Write-downs
2,107 
 
2,107 
 
 
Property Plant And Mine Development [Member] |
Other Australia New Zealand [Member]
 
 
 
 
 
Write-downs [Line Items]
 
 
 
 
 
Write-downs
66 
 
66 
 
 
Property Plant And Mine Development [Member] |
Batu Hijau [Member]
 
 
 
 
 
Write-downs [Line Items]
 
 
 
 
 
Write-downs
1 
 
1 
 
 
Other Noncurrent Assets [Member]
 
 
 
 
 
Write-downs [Line Items]
 
 
 
 
 
Write-downs
87 
 
87 
 
 
Other Noncurrent Assets [Member] |
Boddington [Member]
 
 
 
 
 
Write-downs [Line Items]
 
 
 
 
 
Write-downs
31 
 
31 
 
 
Other Noncurrent Assets [Member] |
Other Australia New Zealand [Member]
 
 
 
 
 
Write-downs [Line Items]
 
 
 
 
 
Write-downs
$ 56 
 
$ 56 
 
 
Other Expense, Net (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Other Expense, Net
 
 
 
 
Transaction costs
$ 0 
$ 12 
$ 45 
$ 12 
Regional administration
18 
29 
36 
50 
Restructuring and other
21 
0 
30 
0 
Community development
17 
20 
30 
51 
Western Australia power plant
7 
4 
11 
8 
Hope Bay care and maintenance
0 
52 
(2)
102 
Other
14 
9 
26 
23 
Other expense, total
$ 77 
$ 126 
$ 176 
$ 246 
Other Income, Net (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Other Income, Net
 
 
 
 
Foreign currency exchange, net
$ 40 
$ 12 
$ 37 
$ (3)
Canadian Oil Sands
11 
11 
21 
20 
Development projects, net
7 
19 
8 
33 
Refinery income, net
4 
2 
7 
7 
Interest
2 
2 
6 
7 
Gain on asset sales, net
0 
0 
1 
10 
Reduction of allowance for loan receivable
0 
0 
0 
21 
Impairment of marketable securities
(7)
(8)
(11)
(32)
Derivative ineffectiveness, net
(3)
(2)
0 
0 
Other
(4)
0 
7 
6 
Total
$ 50 
$ 36 
$ 76 
$ 69 
Income and Mining Taxes (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Income And Mining Taxes (Textuals) [Abstract]
 
 
 
 
Estimated Income and mining tax expense
$ (325)
$ 175 
$ (144)
$ 518 
Effective tax rate
12.00% 
32.00% 
7.00% 
33.00% 
Total unrecognized tax benefit
 
 
391 
 
Unrecognized tax benefit, if recognized
44 
 
44 
 
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Lower Bound
5 
 
5 
 
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound
10 
 
10 
 
Income Tax Reconciliation [Abstract]
 
 
 
 
Income before income and mining tax and other items
(2,627)
557 
(2,085)
1,593 
Tax on income at statutory rate
35.00% 
35.00% 
35.00% 
35.00% 
Percentage depletion
2.00% 
(6.00%)
4.00% 
(7.00%)
Change in valuation allowance on deferred tax assets
(26.00%)
2.00% 
(33.00%)
3.00% 
Other
1.00% 
1.00% 
1.00% 
2.00% 
Income and mining tax expense
12.00% 
32.00% 
7.00% 
33.00% 
Tax at statutory rate
(919)
195 
(730)
558 
Percentage depletion
(52)
(34)
(93)
(108)
Change in valuation allowance on deferred tax assets
685 
13 
691 
46 
Other
(39)
1 
(12)
22 
Income and mining tax expense
(325)
175 
(144)
518 
U S Tax Credits [Member]
 
 
 
 
Income And Mining Taxes (Textuals) [Abstract]
 
 
 
 
Change in Valuation Allowance
 
 
535 
 
Stockpile Impairments [Member]
 
 
 
 
Income And Mining Taxes (Textuals) [Abstract]
 
 
 
 
Change in Valuation Allowance
 
 
$ 150 
 
Discontinued Operations (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Discontinued Operations Details [Abstract]
 
 
 
 
Income (loss) from discontinued operations
$ 74 
$ 0 
$ 74 
$ (71)
Loss from discontinued operations, income tax benefit
 
 
(34)
4 
Net operating cash used in discontinued operations
 
 
$ (11)
$ (8)
Net Income Attributable to Noncontrolling Interests (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Minority Interest [Line Items]
 
 
 
 
Net income attributable to noncontrolling interests
$ (212)
$ 92 
$ (170)
$ 205 
Minera Yanacocha [Member]
 
 
 
 
Minority Interest [Line Items]
 
 
 
 
Net income attributable to noncontrolling interests
26 
97 
83 
195 
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
 
 
 
 
Ownership/Economic interest in subsidiaries
51.35% 
 
51.35% 
 
Batu Hijau [Member]
 
 
 
 
Minority Interest [Line Items]
 
 
 
 
Net income attributable to noncontrolling interests
(238)
(5)
(241)
8 
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
 
 
 
 
Ownership/Economic interest in subsidiaries
48.50% 
 
48.50% 
 
TMAC [Member]
 
 
 
 
Minority Interest [Line Items]
 
 
 
 
Net income attributable to noncontrolling interests
(2)
 
(14)
 
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
 
 
 
 
Ownership/Economic interest in subsidiaries
70.40% 
 
70.40% 
 
Other Noncontrolling Interest [Member]
 
 
 
 
Minority Interest [Line Items]
 
 
 
 
Net income attributable to noncontrolling interests
2 
0 
2 
2 
Compania de Minas Buenaventura SAA [Member]
 
 
 
 
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
 
 
 
 
Noncontrolling interest, ownership percentage by noncontrolling owners
43.65% 
 
43.65% 
 
International Finance Corporation [Member]
 
 
 
 
Net Income Attributable to Noncontrolling Interests (Textuals) (Abstract)
 
 
 
 
Noncontrolling interest, ownership percentage by noncontrolling owners
5.00% 
 
5.00% 
 
Newmont Mining Corporation [Member]
 
 
 
 
Minority Interest [Line Items]
 
 
 
 
Net income attributable to noncontrolling interests
$ 0 
$ 0 
$ 0 
$ 0 
Income Per Common Share (Details) (USD $)
Share data in Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Earnings per share reconciliation [Abstract]
 
 
 
 
Continuing operations
$ (2,093,000,000)
$ 279,000,000 
$ (1,778,000,000)
$ 840,000,000 
Discontinued operations
74,000,000 
0 
74,000,000 
(71,000,000)
Net income attributable to Newmont stockholders
(2,019,000,000)
279,000,000 
(1,704,000,000)
769,000,000 
Weighted average common shares (millions):
 
 
 
 
Basic
497 
496 
497 
496 
Effect of employee stock-based awards
0 
1 
0 
1 
Effect of convertible notes
0 
1 
0 
5 
Diluted
497 
498 
497 
502 
Income (loss) per common share, basic
 
 
 
 
Continuing operations
$ (4.21)
$ 0.56 
$ (3.58)
$ 1.69 
Discontinued operations
$ 0.15 
$ 0 
$ 0.15 
$ (0.14)
Income per common share, basic
$ (4.06)
$ 0.56 
$ (3.43)
$ 1.55 
Income (loss) per common share, diluted
 
 
 
 
Continuing operations
$ (4.21)
$ 0.56 
$ (3.58)
$ 1.67 
Discontinued operations
$ 0.15 
$ 0 
$ 0.15 
$ (0.14)
Income per common share, diluted
$ (4.06)
$ 0.56 
$ (3.43)
$ 1.53 
Income Per Common Share (Textuals) Abstract
 
 
 
 
Anti-dilutive shares - stock options
 
 
4 
2 
Options to purchase common shares average exercise price
 
 
$ 48 
$ 58 
Company In Loss Position [Member]
 
 
 
 
Income Per Common Share (Textuals) Abstract
 
 
 
 
Anti-dilutive shares - stock options
 
 
1 
 
Employee Pension and Other Benefit Plans (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Other benefit costs [Member]
 
 
 
 
Employee Related Benefits [Line Items]
 
 
 
 
Service cost
$ 1 
$ 0 
$ 2 
$ 1 
Interest cost
2 
2 
3 
3 
Amortization, net
0 
0 
0 
0 
Pension benefit costs, net
3 
2 
5 
4 
Pension benefit costs [Member]
 
 
 
 
Employee Related Benefits [Line Items]
 
 
 
 
Service cost
9 
8 
18 
15 
Interest cost
10 
11 
20 
21 
Expected return on plan assets
(13)
(11)
(25)
(22)
Amortization, net
10 
8 
18 
14 
Pension benefit costs, net
$ 16 
$ 16 
$ 31 
$ 28 
Stock Based Compensation (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Stock Option and Other Stock Based Compensation
 
 
 
 
Share-based Compensation
$ 14 
$ 13 
$ 28 
$ 25 
Stock options [Member]
 
 
 
 
Stock Option and Other Stock Based Compensation
 
 
 
 
Share-based Compensation
2 
3 
5 
7 
Restricted Stock Units (RSUs) [Member]
 
 
 
 
Stock Option and Other Stock Based Compensation
 
 
 
 
Share-based Compensation
7 
6 
16 
11 
Performance leveraged stock units [Member]
 
 
 
 
Stock Option and Other Stock Based Compensation
 
 
 
 
Share-based Compensation
2 
3 
4 
6 
Strategic stock units [Member]
 
 
 
 
Stock Option and Other Stock Based Compensation
 
 
 
 
Share-based Compensation
$ 3 
$ 1 
$ 3 
$ 1 
Fair Value Accounting (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Assets:
 
 
 
 
Cash equivalents
$ 32,000,000 
 
$ 32,000,000 
 
Assets
1,193,000,000 
 
1,193,000,000 
 
Liabilities:
 
 
 
 
Liabilities
320,000,000 
 
320,000,000 
 
Fair Value Accounting (Textuals) [Abstract]
 
 
 
 
Assets measured at fair value hierarchy, percent
2.00% 
 
2.00% 
 
Liabilities measured at fair value hierarchy, percent
47.00% 
 
47.00% 
 
Write-downs
2,261,000,000 
0 
2,262,000,000 
0 
Property Plant And Mine Development [Member]
 
 
 
 
Fair Value Accounting (Textuals) [Abstract]
 
 
 
 
Write-downs
2,174,000,000 
 
 
 
Boddington Contingent Consideration [Member]
 
 
 
 
Liabilities:
 
 
 
 
Contingent consideration
28,000,000 
 
28,000,000 
 
Fair Value Accounting (Textuals) [Abstract]
 
 
 
 
Business Acquisition, Contingent Consideration, Potential Cash Payment
100,000,000 
 
100,000,000 
 
Boddington Contingent Consideration [Member] |
Monte Carlo [Member]
 
 
 
 
Fair Value Inputs
 
 
 
 
Fair Value Inputs, Discount Rate
 
 
5.00% 
 
Holt Property Royalty [Member]
 
 
 
 
Liabilities:
 
 
 
 
Royalty
121,000,000 
 
121,000,000 
 
Holt Property Royalty [Member] |
Monte Carlo [Member] |
Weighted Average [Member]
 
 
 
 
Fair Value Inputs
 
 
 
 
Fair Value Inputs, Discount Rate
 
 
5.00% 
 
Foreign exchange forward contracts [Member]
 
 
 
 
Liabilities:
 
 
 
 
Liabilities
168,000,000 
 
168,000,000 
 
Diesel forward contracts [Member]
 
 
 
 
Liabilities:
 
 
 
 
Liabilities
3,000,000 
 
3,000,000 
 
Extractive industries [Member]
 
 
 
 
Assets:
 
 
 
 
Marketable securities
979,000,000 
 
979,000,000 
 
Other Industries [Member]
 
 
 
 
Assets:
 
 
 
 
Marketable securities
4,000,000 
 
4,000,000 
 
Asset Backed Commercial Paper [Member]
 
 
 
 
Assets:
 
 
 
 
Marketable securities
22,000,000 
 
22,000,000 
 
Asset Backed Commercial Paper [Member] |
Discounted Cash Flow [Member] |
Minimum [Member]
 
 
 
 
Fair Value Inputs
 
 
 
 
Fair Value Inputs Recoverability Rate
 
 
72 
 
Asset Backed Commercial Paper [Member] |
Discounted Cash Flow [Member] |
Maximum [Member]
 
 
 
 
Fair Value Inputs
 
 
 
 
Fair Value Inputs Recoverability Rate
 
 
88 
 
Corporate Debt Securities [Member]
 
 
 
 
Assets:
 
 
 
 
Marketable securities
13,000,000 
 
13,000,000 
 
Auction Rate Securities [Member]
 
 
 
 
Assets:
 
 
 
 
Marketable securities
4,000,000 
 
4,000,000 
 
Auction Rate Securities [Member] |
Discounted Cash Flow [Member] |
Weighted Average [Member]
 
 
 
 
Fair Value Inputs
 
 
 
 
Fair Value Inputs Recoverability Rate
 
 
58 
 
Trade receivable from provisional copper and gold concentrate sales, net [Member]
 
 
 
 
Assets:
 
 
 
 
Trade receivable, net
139,000,000 
 
139,000,000 
 
Long Term Gold Price [Member] |
Boddington Contingent Consideration [Member] |
Monte Carlo [Member]
 
 
 
 
Fair Value Inputs
 
 
 
 
Fair Value Inputs Long Term Gold Price
 
 
1,400 
 
Long Term Gold Price [Member] |
Holt Property Royalty [Member] |
Monte Carlo [Member]
 
 
 
 
Fair Value Inputs
 
 
 
 
Fair Value Inputs Long Term Gold Price
 
 
1,400 
 
Long Term Copper Price [Member] |
Boddington Contingent Consideration [Member] |
Monte Carlo [Member]
 
 
 
 
Fair Value Inputs
 
 
 
 
Fair Value Inputs Long Term Copper Price
 
 
3.00 
 
Level 1 [Member]
 
 
 
 
Assets:
 
 
 
 
Cash equivalents
32,000,000 
 
32,000,000 
 
Assets
1,154,000,000 
 
1,154,000,000 
 
Level 1 [Member] |
Extractive industries [Member]
 
 
 
 
Assets:
 
 
 
 
Marketable securities
979,000,000 
 
979,000,000 
 
Level 1 [Member] |
Other Industries [Member]
 
 
 
 
Assets:
 
 
 
 
Marketable securities
4,000,000 
 
4,000,000 
 
Level 1 [Member] |
Trade receivable from provisional copper and gold concentrate sales, net [Member]
 
 
 
 
Assets:
 
 
 
 
Trade receivable, net
139,000,000 
 
139,000,000 
 
Level 2 [Member]
 
 
 
 
Assets:
 
 
 
 
Assets
13,000,000 
 
13,000,000 
 
Liabilities:
 
 
 
 
Liabilities
171,000,000 
 
171,000,000 
 
Level 2 [Member] |
Foreign exchange forward contracts [Member]
 
 
 
 
Liabilities:
 
 
 
 
Liabilities
168,000,000 
 
168,000,000 
 
Level 2 [Member] |
Diesel forward contracts [Member]
 
 
 
 
Liabilities:
 
 
 
 
Liabilities
3,000,000 
 
3,000,000 
 
Level 2 [Member] |
Corporate Debt Securities [Member]
 
 
 
 
Assets:
 
 
 
 
Marketable securities
13,000,000 
 
13,000,000 
 
Level 3 [Member]
 
 
 
 
Assets:
 
 
 
 
Assets
26,000,000 
 
26,000,000 
 
Liabilities:
 
 
 
 
Liabilities
149,000,000 
 
149,000,000 
 
Level 3 [Member] |
Assets [Member]
 
 
 
 
Changes in the Fair Value of the Company's Level 3 Financial Assets
 
 
 
 
Balance at beginning of period, assets
 
 
24,000,000 
 
Unrealized loss
 
 
(1,000,000)
 
Revaluation
 
 
3,000,000 
 
Balance at end of period, assets
26,000,000 
 
26,000,000 
 
Changes in the Fair Value of the Company's Level 3 Financial Liabilities
 
 
 
 
Revaluation
 
 
3,000,000 
 
Level 3 [Member] |
Liability [Member]
 
 
 
 
Changes in the Fair Value of the Company's Level 3 Financial Assets
 
 
 
 
Settlements
 
 
24,000,000 
 
Revaluation
 
 
(108,000,000)
 
Changes in the Fair Value of the Company's Level 3 Financial Liabilities
 
 
 
 
Balance at beginning of period, liabilities
 
 
281,000,000 
 
Settlements
 
 
(24,000,000)
 
Revaluation
 
 
(108,000,000)
 
Balance at end of period, liabilities
149,000,000 
 
149,000,000 
 
Level 3 [Member] |
Boddington Contingent Consideration [Member]
 
 
 
 
Liabilities:
 
 
 
 
Contingent consideration
28,000,000 
 
28,000,000 
 
Level 3 [Member] |
Boddington Contingent Consideration [Member] |
Liability [Member]
 
 
 
 
Changes in the Fair Value of the Company's Level 3 Financial Assets
 
 
 
 
Settlements
 
 
13,000,000 
 
Changes in the Fair Value of the Company's Level 3 Financial Liabilities
 
 
 
 
Balance at beginning of period, liabilities
 
 
41,000,000 
 
Settlements
 
 
(13,000,000)
 
Balance at end of period, liabilities
28,000,000 
 
28,000,000 
 
Level 3 [Member] |
Holt Property Royalty [Member]
 
 
 
 
Liabilities:
 
 
 
 
Royalty
121,000,000 
 
121,000,000 
 
Level 3 [Member] |
Holt Property Royalty [Member] |
Liability [Member]
 
 
 
 
Changes in the Fair Value of the Company's Level 3 Financial Assets
 
 
 
 
Settlements
 
 
11,000,000 
 
Revaluation
 
 
(108,000,000)
 
Changes in the Fair Value of the Company's Level 3 Financial Liabilities
 
 
 
 
Balance at beginning of period, liabilities
 
 
240,000,000 
 
Settlements
 
 
(11,000,000)
 
Revaluation
 
 
(108,000,000)
 
Balance at end of period, liabilities
121,000,000 
 
121,000,000 
 
Level 3 [Member] |
Asset Backed Commercial Paper [Member]
 
 
 
 
Assets:
 
 
 
 
Marketable securities
22,000,000 
 
22,000,000 
 
Level 3 [Member] |
Asset Backed Commercial Paper [Member] |
Assets [Member]
 
 
 
 
Changes in the Fair Value of the Company's Level 3 Financial Assets
 
 
 
 
Balance at beginning of period, assets
 
 
19,000,000 
 
Revaluation
 
 
3,000,000 
 
Balance at end of period, assets
22,000,000 
 
22,000,000 
 
Changes in the Fair Value of the Company's Level 3 Financial Liabilities
 
 
 
 
Revaluation
 
 
3,000,000 
 
Level 3 [Member] |
Auction Rate Securities [Member]
 
 
 
 
Assets:
 
 
 
 
Marketable securities
4,000,000 
 
4,000,000 
 
Level 3 [Member] |
Auction Rate Securities [Member] |
Assets [Member]
 
 
 
 
Changes in the Fair Value of the Company's Level 3 Financial Assets
 
 
 
 
Balance at beginning of period, assets
 
 
5,000,000 
 
Unrealized loss
 
 
(1,000,000)
 
Balance at end of period, assets
$ 4,000,000 
 
$ 4,000,000 
 
Derivative Instruments (Details)
3 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2013
USD ($)
Dec. 31, 2012
USD ($)
Jun. 30, 2013
Commodity Contracts [Member]
USD ($)
gal
Dec. 31, 2012
Commodity Contracts [Member]
USD ($)
Jun. 30, 2013
Commodity Contracts [Member]
Cash Flow Hedging [Member]
USD ($)
Jun. 30, 2012
Commodity Contracts [Member]
Cash Flow Hedging [Member]
USD ($)
Jun. 30, 2013
Commodity Contracts [Member]
Cash Flow Hedging [Member]
USD ($)
Jun. 30, 2012
Commodity Contracts [Member]
Cash Flow Hedging [Member]
USD ($)
Dec. 31, 2012
Commodity Contracts [Member]
Cash Flow Hedging [Member]
USD ($)
Jun. 30, 2013
Forward Starting Swap Contracts [Member]
USD ($)
Jun. 30, 2012
Forward Starting Swap Contracts [Member]
USD ($)
Jun. 30, 2013
Forward Starting Swap Contracts [Member]
USD ($)
Jun. 30, 2012
Forward Starting Swap Contracts [Member]
USD ($)
Jun. 30, 2013
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
USD ($)
Jun. 30, 2012
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
USD ($)
Jun. 30, 2013
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
USD ($)
Jun. 30, 2012
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
USD ($)
Jun. 30, 2013
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
USD ($)
Jun. 30, 2013
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
AUD ($)
Dec. 31, 2012
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
USD ($)
Jun. 30, 2013
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
NZD
USD ($)
Jun. 30, 2013
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
NZD
NZD ($)
Dec. 31, 2012
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
NZD
USD ($)
Jun. 30, 2013
Expected Maturity Date Year 2013 [Member]
Commodity Contracts [Member]
Cash Flow Hedging [Member]
USD ($)
gal
Jun. 30, 2013
Expected Maturity Date Year 2013 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
USD ($)
Jun. 30, 2013
Expected Maturity Date Year 2013 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
AUD ($)
Jun. 30, 2013
Expected Maturity Date Year 2013 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
NZD
USD ($)
Jun. 30, 2013
Expected Maturity Date Year 2013 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
NZD
NZD ($)
Jun. 30, 2013
Expected Maturity Date Year 2014 [Member]
Commodity Contracts [Member]
Cash Flow Hedging [Member]
USD ($)
gal
Jun. 30, 2013
Expected Maturity Date Year 2014 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
USD ($)
Jun. 30, 2013
Expected Maturity Date Year 2014 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
AUD ($)
Jun. 30, 2013
Expected Maturity Date Year 2014 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
NZD
USD ($)
Jun. 30, 2013
Expected Maturity Date Year 2014 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
NZD
NZD ($)
Jun. 30, 2013
Expected Maturity Date Year 2015 [Member]
Commodity Contracts [Member]
Cash Flow Hedging [Member]
USD ($)
gal
Jun. 30, 2013
Expected Maturity Date Year 2015 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
USD ($)
Jun. 30, 2013
Expected Maturity Date Year 2015 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
AUD ($)
Jun. 30, 2013
Expected Maturity Date Year 2015 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
NZD
USD ($)
Jun. 30, 2013
Expected Maturity Date Year 2015 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
NZD
NZD ($)
Jun. 30, 2013
Expected Maturity Date Year 2016 [Member]
Commodity Contracts [Member]
Cash Flow Hedging [Member]
USD ($)
gal
Jun. 30, 2013
Expected Maturity Date Year 2016 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
USD ($)
Jun. 30, 2013
Expected Maturity Date Year 2016 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
AUD ($)
Jun. 30, 2013
Expected Maturity Date Year 2017 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
USD ($)
Jun. 30, 2013
Expected Maturity Date Year 2017 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
AUD ($)
Jun. 30, 2013
Expected Maturity Date Year 2018 [Member]
Foreign Exchange Contract [Member]
Cash Flow Hedging [Member]
AUD
USD ($)
Jun. 30, 2013
Gold [Member]
USD ($)
oz
Jun. 30, 2013
Gold [Member]
USD ($)
oz
Jun. 30, 2013
Copper [Member]
USD ($)
lb
Jun. 30, 2013
Copper [Member]
USD ($)
lb
Foreign Currency Derivatives
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Notional Amount of Foreign Currency Derivatives
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 3,501,000,000 
 
 
$ 100,000,000 
 
 
 
$ 656,000,000 
 
$ 40,000,000 
 
 
$ 1,117,000,000 
 
$ 50,000,000 
 
 
$ 847,000,000 
 
$ 10,000,000 
 
 
$ 564,000,000 
 
$ 273,000,000 
$ 44,000,000 
 
 
 
 
Average rate
 
 
2.85 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0.93 
 
 
0.80 
 
 
2.90 
0.95 
 
0.80 
 
2.87 
0.93 
 
0.80 
 
2.77 
0.92 
 
0.79 
 
2.70 
0.92 
 
0.91 
 
0.89 
 
 
 
 
Expected hedge ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
65.00% 
83.00% 
83.00% 
63.00% 
63.00% 
49.00% 
67.00% 
67.00% 
41.00% 
41.00% 
25.00% 
51.00% 
51.00% 
16.00% 
16.00% 
7.00% 
33.00% 
33.00% 
17.00% 
17.00% 
7.00% 
 
 
 
 
Diesel Derivative Contracts Outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diesel gallons
 
 
47,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
14,000,000 
 
 
 
 
21,000,000 
 
 
 
 
10,000,000 
 
 
 
 
2,000,000 
 
 
 
 
 
 
 
 
 
Average rate
 
 
2.85 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0.93 
 
 
0.80 
 
 
2.90 
0.95 
 
0.80 
 
2.87 
0.93 
 
0.80 
 
2.77 
0.92 
 
0.79 
 
2.70 
0.92 
 
0.91 
 
0.89 
 
 
 
 
Expected hedge ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
65.00% 
83.00% 
83.00% 
63.00% 
63.00% 
49.00% 
67.00% 
67.00% 
41.00% 
41.00% 
25.00% 
51.00% 
51.00% 
16.00% 
16.00% 
7.00% 
33.00% 
33.00% 
17.00% 
17.00% 
7.00% 
 
 
 
 
Forward Starting Swap Contracts [Abstract]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Forward starting swaps notional amount
 
 
 
 
 
 
 
 
 
2,000,000,000 
 
2,000,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Forward Starting Swaps Gross Settlement
 
 
 
 
 
 
 
 
 
362,000,000 
 
362,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Forward starting swaps, net of ineffectiveness settlement
 
 
 
 
 
 
 
 
 
 
 
349,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair values of Derivative Instruments Designated as Hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Current Assets
16,000,000 
112,000,000 
 
2,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
16,000,000 
 
108,000,000 
 
 
2,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Long-Term Assets
16,000,000 
144,000,000 
 
 
 
 
 
 
1,000,000 
 
 
 
 
 
 
 
 
16,000,000 
 
143,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Current Liabilities
68,000,000 
1,000,000 
2,000,000 
1,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
64,000,000 
 
 
2,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Long-Term Liabilities
135,000,000 
2,000,000 
1,000,000 
1,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
133,000,000 
 
1,000,000 
1,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Location and Amount of Gains (Losses) Reported in Condensed Consolidated Financial Statements
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gain recognized in other comprehensive income (effective portion)
 
 
 
 
(6,000,000)
(16,000,000)
(4,000,000)
(4,000,000)
 
 
 
 
36,000,000 
(386,000,000)
23,000,000 
(368,000,000)
85,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) reclassified from Accumulated other comprehensive income into income (effective portion)(1)
 
 
 
 
(4,000,000)
1,000,000 
 
4,000,000 
 
(6,000,000)
(3,000,000)
(9,000,000)
(4,000,000)
22,000,000 
38,000,000 
60,000,000 
85,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) recognized in income (ineffective portion)
 
 
(3,000,000)
 
 
 
 
 
 
 
 
 
2,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gains (Losses) Recorded for Hedged Item Related to Fair Value Hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Approximate gain amount to be reclassified from accumulated other comprehensive income, net of tax to income
46,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provisional Copper and Gold Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Average price
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,415 
1,523 
3.25 
3.42 
Recorded average provisional price
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,408 
1,517 
3.22 
3.38 
Provisional pricing mark-to-market gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ (24,000,000)
$ (22,000,000)
$ (15,000,000)
$ (24,000,000)
Provisional pricing mark-to-market gain (loss) rate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(18)
(9)
(0.27)
(0.25)
Provisional pricing quantity sales
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
88,000 
88,000 
54,000,000 
54,000,000 
Average price, subject to final pricing
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,192 
1,192 
3.07 
3.07 
Investments (Details)
In Millions, unless otherwise specified
0 Months Ended
Jun. 30, 2013
USD ($)
Dec. 31, 2012
USD ($)
Jun. 30, 2013
Current [Member]
USD ($)
Dec. 31, 2012
Current [Member]
USD ($)
Jun. 30, 2013
Long-term [Member]
USD ($)
Dec. 31, 2012
Long-term [Member]
USD ($)
Jun. 30, 2013
Marketable Equity Securities [Member]
USD ($)
Dec. 31, 2012
Marketable Equity Securities [Member]
USD ($)
Jun. 30, 2013
Marketable Equity Securities [Member]
Long-term [Member]
USD ($)
Dec. 31, 2012
Marketable Equity Securities [Member]
Long-term [Member]
USD ($)
Jun. 30, 2013
Debt Securities [Member]
Long-term [Member]
USD ($)
Dec. 31, 2012
Debt Securities [Member]
Long-term [Member]
USD ($)
Jun. 30, 2013
Paladin Energy Ltd [Member]
Current [Member]
USD ($)
Dec. 31, 2012
Paladin Energy Ltd [Member]
Current [Member]
USD ($)
Jun. 30, 2013
Equity Securities, Other [Member]
Current [Member]
USD ($)
Dec. 31, 2012
Equity Securities, Other [Member]
Current [Member]
USD ($)
Jun. 30, 2013
Equity Securities, Other [Member]
Long-term [Member]
USD ($)
Dec. 31, 2012
Equity Securities, Other [Member]
Long-term [Member]
USD ($)
Jun. 30, 2013
Asset Backed Commercial Paper [Member]
USD ($)
Dec. 31, 2012
Asset Backed Commercial Paper [Member]
USD ($)
Jun. 30, 2013
Asset Backed Commercial Paper [Member]
Long-term [Member]
USD ($)
Dec. 31, 2012
Asset Backed Commercial Paper [Member]
Long-term [Member]
USD ($)
Jun. 30, 2013
Auction Rate Securities [Member]
USD ($)
Dec. 31, 2012
Auction Rate Securities [Member]
USD ($)
Jun. 30, 2013
Auction Rate Securities [Member]
Long-term [Member]
USD ($)
Dec. 31, 2012
Auction Rate Securities [Member]
Long-term [Member]
USD ($)
Jun. 30, 2013
Corporate Debt Securities [Member]
Long-term [Member]
USD ($)
Dec. 31, 2012
Corporate Debt Securities [Member]
Long-term [Member]
USD ($)
Jul. 8, 2013
Canadian Oil Sands Ltd [Member]
USD ($)
Jul. 8, 2013
Canadian Oil Sands Ltd [Member]
CAD ($)
Jun. 30, 2013
Canadian Oil Sands Ltd [Member]
Current [Member]
USD ($)
Dec. 31, 2012
Canadian Oil Sands Ltd [Member]
Long-term [Member]
USD ($)
Jun. 30, 2013
Gabriel Resources Ltd [Member]
Long-term [Member]
USD ($)
Dec. 31, 2012
Gabriel Resources Ltd [Member]
Long-term [Member]
USD ($)
Jun. 30, 2013
Regis Resources Ltd [Member]
Long-term [Member]
USD ($)
Dec. 31, 2012
Regis Resources Ltd [Member]
Long-term [Member]
USD ($)
Jun. 30, 2013
Euronimba Ltd [Member]
Long-term [Member]
USD ($)
Jun. 30, 2013
Minera La Zanja S.R.L [Member]
Long-term [Member]
USD ($)
Dec. 31, 2012
Minera La Zanja S.R.L [Member]
Long-term [Member]
USD ($)
Investment in Marketable Securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost/Equity Basis
 
 
$ 368 
$ 77 
$ 419 
$ 728 
 
 
$ 284 
$ 605 
$ 44 
$ 46 
$ 60 
$ 60 
$ 15 
$ 17 
$ 44 
$ 51 
 
 
$ 24 
$ 25 
 
 
$ 7 
$ 7 
$ 13 
$ 14 
 
 
$ 293 
$ 310 
$ 74 
$ 78 
$ 166 
$ 166 
 
 
 
Unrealized Gain
 
 
282 
14 
93 
726 
 
 
93 
726 
 
 
 
 
3 
14 
2 
14 
 
 
 
 
 
 
 
 
 
 
 
 
279 
318 
0 
42 
91 
352 
 
 
 
Unrealized Loss
 
 
(22)
(5)
(27)
(8)
 
 
(22)
 
(5)
(8)
17 
(3)
(5)
(2)
(15)
 
 
 
(2)
(6)
 
 
(3)
(2)
 
 
 
 
 
 
7 
 
 
 
 
 
 
Fair/Equity Basis - Current Marketable Equity Securities
 
 
 
 
 
 
 
 
 
 
 
 
43 
57 
13 
29 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
572 
 
 
 
 
 
 
 
 
Fair/Equity Basis - Long-Term Marketable Debt Securities
 
 
 
 
 
 
 
 
 
 
39 
38 
 
 
 
 
 
 
 
 
22 
19 
 
 
4 
5 
13 
14 
 
 
 
 
 
 
 
 
 
 
 
Fair/Equity Basis - Long-Term Marketable Equity Securities
 
 
 
 
 
 
 
 
355 
1,331 
 
 
 
 
 
 
31 
65 
 
 
 
 
 
 
 
 
 
 
 
 
 
628 
67 
120 
257 
518 
 
 
 
Current Investments
628 
86 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Investments, at Cost
 
 
 
 
13 
12 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity Method Investments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3 
75 
65 
Long-Term Investments
485 
1,446 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available For Sale Securities Continuous Unrealized Loss Position Fair Value Abstract
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities continuous unrealized losses less than 12 months - fair value
143 
79 
 
 
 
 
143 
79 
 
 
 
 
 
 
 
 
 
 
0 
0 
 
 
0 
0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities continuous unrealized losses greater than 12 months - fair value
26 
24 
 
 
 
 
0 
0 
 
 
 
 
 
 
 
 
 
 
22 
19 
 
 
4 
5 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities continuous unrealized losses - fair value
169 
103 
 
 
 
 
143 
79 
 
 
 
 
 
 
 
 
 
 
22 
19 
 
 
4 
5 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Abstract
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized Loss Less than 12 Months
44 
5 
 
 
 
 
44 
5 
 
 
 
 
 
 
 
 
 
 
0 
0 
 
 
0 
0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized Loss 12 Months or Greater
5 
8 
 
 
 
 
0 
0 
 
 
 
 
 
 
 
 
 
 
2 
6 
 
 
3 
2 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Unrealized Loss
49 
13 
 
 
 
 
44 
5 
 
 
 
 
 
 
 
 
 
 
2 
6 
 
 
3 
2 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments (Textuals) [Abstract]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gain on sale of investments, net
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
300 
 
 
 
 
 
 
 
 
 
 
Proceeds From Sale Of Available For Sale Securities Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 608 
 
 
 
 
 
 
 
 
 
Inventories (Details) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Dec. 31, 2012
Jun. 30, 2013
Costs Applicable to Sales [Member]
Jun. 30, 2013
Amortization [Member]
Jun. 30, 2013
Boddington [Member]
Jun. 30, 2013
Batu Hijau [Member]
Jun. 30, 2013
Other Australia New Zealand [Member]
Jun. 30, 2013
Nevada [Member]
Summary Of Inventories [Line Items]
 
 
 
 
 
 
 
 
In-process
$ 110 
$ 143 
 
 
 
 
 
 
Concentrate
153 
152 
 
 
 
 
 
 
Precious metals
29 
31 
 
 
 
 
 
 
Materials, supplies and other
511 
470 
 
 
 
 
 
 
Total Inventories
803 
796 
 
 
 
 
 
 
Aggregate write-downs
 
 
$ 12 
$ 3 
$ 7 
$ 6 
$ 1 
$ 1 
Stockpiles and Ore on Leach Pads (Details) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Stockpiles And Ore On Leach Pads [Line Items]
 
 
 
Current stockpiles and ore on leach pads
$ 738 
 
$ 786 
Long-term stockpiles and ore on leach pads
2,729 
 
2,896 
Total stockpiles and ore on leach pads
3,467 
 
3,682 
Costs Applicable to Sales [Member]
 
 
 
Stockpiles And Ore On Leach Pads [Line Items]
 
 
 
Aggregate write-downs
555 
22 
 
Amortization [Member]
 
 
 
Stockpiles And Ore On Leach Pads [Line Items]
 
 
 
Aggregate write-downs
126 
 
 
Nevada [Member]
 
 
 
Stockpiles And Ore On Leach Pads [Line Items]
 
 
 
Total stockpiles and ore on leach pads
829 
 
699 
La Herradura [Member]
 
 
 
Stockpiles And Ore On Leach Pads [Line Items]
 
 
 
Total stockpiles and ore on leach pads
78 
 
57 
Yanacocha [Member]
 
 
 
Stockpiles And Ore On Leach Pads [Line Items]
 
 
 
Total stockpiles and ore on leach pads
504 
 
498 
Aggregate write-downs
83 
2 
 
Boddington [Member]
 
 
 
Stockpiles And Ore On Leach Pads [Line Items]
 
 
 
Total stockpiles and ore on leach pads
389 
 
474 
Aggregate write-downs
105 
 
 
Other Australia New Zealand [Member]
 
 
 
Stockpiles And Ore On Leach Pads [Line Items]
 
 
 
Total stockpiles and ore on leach pads
115 
 
173 
Aggregate write-downs
54 
20 
 
Batu Hijau [Member]
 
 
 
Stockpiles And Ore On Leach Pads [Line Items]
 
 
 
Total stockpiles and ore on leach pads
1,289 
 
1,543 
Aggregate write-downs
439 
 
 
Ahafo [Member]
 
 
 
Stockpiles And Ore On Leach Pads [Line Items]
 
 
 
Total stockpiles and ore on leach pads
252 
 
235 
Akyem [Member]
 
 
 
Stockpiles And Ore On Leach Pads [Line Items]
 
 
 
Total stockpiles and ore on leach pads
11 
 
3 
Stockpiles [Member]
 
 
 
Stockpiles And Ore On Leach Pads [Line Items]
 
 
 
Current stockpiles and ore on leach pads
517 
 
602 
Long-term stockpiles and ore on leach pads
2,475 
 
2,514 
Ore On Leach Pads [Member]
 
 
 
Stockpiles And Ore On Leach Pads [Line Items]
 
 
 
Current stockpiles and ore on leach pads
221 
 
184 
Long-term stockpiles and ore on leach pads
$ 254 
 
$ 382 
Other Assets (Details) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Other current assets:
 
 
Refinery metal inventory and receivable
$ 530 
$ 1,183 
Prepaid assets
200 
213 
Derivative instruments
16 
112 
Restricted cash
0 
12 
Other
98 
141 
Other current assets, total
844 
1,661 
Other long-term assets:
 
 
Income tax receivable
214 
92 
Goodwill
132 
188 
Intangible assets
104 
136 
Restricted cash
94 
90 
Prepaid royalties
78 
78 
Debt issuance costs
67 
73 
Derivative instruments
16 
144 
Prepaid maintenance costs
23 
17 
Other
80 
54 
Other long-term assets, total
$ 808 
$ 872 
Debt (Details) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Debt
 
 
Other
 
$ 4 
Current Debt
48 
10 
Long-term Debt
6,726 
6,288 
Debt (Textuals)
 
 
Long-term Debt, Maturities, Repayments of Principal in Remainder of Fiscal Year
43 
 
Long-term Debt, Maturities, Repayments of Principal in Year Two
558 
 
Long-term Debt, Maturities, Repayments of Principal in Year Three
11 
 
Long-term Debt, Maturities, Repayments of Principal in Year Four
11 
 
Long-term Debt, Maturities, Repayments of Principal in Year Five
1,087 
 
Long-term Debt, Maturities, Repayments of Principal after Year Five
5,064 
 
Current [Member]
 
 
Debt
 
 
Other
38 
 
Non-current [Member]
 
 
Debt
 
 
Other
3 
 
Convertible Senior Notes Net Of Discount 2014 [Member] |
Non-current [Member]
 
 
Debt
 
 
Convertible senior notes, net
548 
535 
Convertible Senior Notes Net Of Discount 2017 [Member] |
Non-current [Member]
 
 
Debt
 
 
Convertible senior notes, net
481 
471 
Senior Notes Net Of Discount 2019 [Member] |
Non-current [Member]
 
 
Debt
 
 
Senior notes, net
897 
897 
Senior Notes Net of Discount 2022 [Member] |
Non-current [Member]
 
 
Debt
 
 
Senior notes, net
1,490 
1,489 
Senior Notes Net Of Discount 2035 [Member] |
Non-current [Member]
 
 
Debt
 
 
Senior notes, net
598 
598 
Senior Notes Net Of Discount 2039 [Member] |
Non-current [Member]
 
 
Debt
 
 
Senior notes, net
1,087 
1,087 
Senior Notes Net Of Discount 2042 [Member] |
Non-current [Member]
 
 
Debt
 
 
Senior notes, net
992 
992 
Ahafo Project Finance Facility [Member] |
Current [Member]
 
 
Debt
 
 
Project Facility
10 
10 
Ahafo Project Finance Facility [Member] |
Non-current [Member]
 
 
Debt
 
 
Project Facility
30 
35 
Corporate [Member] |
Non-current [Member]
 
 
Debt
 
 
Revolving credit facility
310 
 
PTNNT [Member] |
Non-current [Member]
 
 
Debt
 
 
Revolving credit facility
$ 290 
$ 180 
Other Liabilities (Details) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Other current liabilities:
 
 
Refinery metal payable
$ 530 
$ 1,183 
Accrued operating costs
169 
336 
Accrued capital expenditures
123 
172 
Reclamation and remediation liabilities
77 
82 
Interest
74 
74 
Derivative instruments
68 
1 
Deferred income tax
64 
65 
Royalties
38 
42 
Holt property royalty
13 
21 
Boddington contingent consideration
0 
26 
Taxes other than income and mining
7 
14 
Other
115 
68 
Other current liabilities, total
1,278 
2,084 
Other long-term liabilities:
 
 
Derivative instruments
135 
2 
Holt property royalty
108 
219 
Income and mining taxes
71 
65 
Power supply agreements
40 
46 
Deferred income tax from discontinued operations
34 
0 
Boddington contingent consideration
28 
15 
Other
23 
25 
Other long-term liabilities, total
$ 439 
$ 372 
Changes in Equity (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Changes in Equity
 
 
 
 
Beginning Balance
 
 
$ 16,948 
 
Net income attributable to Newmont stockholders
(2,019)
279 
(1,704)
769 
Net loss (income) attributable to noncontrolling interests
212 
(92)
170 
(205)
Conversion premium on convertible notes
 
 
0 
 
Other comprehensive income
(500)
(299)
(562)
(291)
Ending Balance
14,238 
15,989 
14,238 
15,989 
Common Stock [Member]
 
 
 
 
Changes in Equity
 
 
 
 
Beginning Balance
 
 
787 
784 
Stock based awards
 
 
2 
2 
Ending Balance
789 
786 
789 
786 
Additional paid-in capital [Member]
 
 
 
 
Changes in Equity
 
 
 
 
Beginning Balance
 
 
8,330 
8,408 
Stock based awards
 
 
53 
55 
Conversion premium on convertible notes
 
 
 
(172)
Sale of noncontrolling interests
 
 
48 
 
Ending Balance
8,431 
8,291 
8,431 
8,291 
Accumulated other comprehensive income [Member]
 
 
 
 
Changes in Equity
 
 
 
 
Beginning Balance
 
 
490 
652 
Other comprehensive income
 
 
(561)
(291)
Ending Balance
(71)
361 
(71)
361 
Retained earnings [Member]
 
 
 
 
Changes in Equity
 
 
 
 
Beginning Balance
 
 
4,166 
3,052 
Net income attributable to Newmont stockholders
 
 
(1,704)
769 
Dividends paid
 
 
(385)
(347)
Ending Balance
2,077 
3,474 
2,077 
3,474 
Noncontrolling interests [Member]
 
 
 
 
Changes in Equity
 
 
 
 
Beginning Balance
 
 
3,175 
2,875 
Net loss (income) attributable to noncontrolling interests
 
 
(170)
205 
Other comprehensive income
 
 
(1)
 
Dividends paid
 
 
(2)
(3)
Sale of noncontrolling interests
 
 
10 
 
Ending Balance
$ 3,012 
$ 3,077 
$ 3,012 
$ 3,077 
Reclassifications out of Accumulated OCI (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2013
Reclassification [Line Items]
 
 
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance
 
$ 490 
Change in other comprehensive income (loss) before reclassifications
 
(546)
Reclassifications from accumulated other comprehensive income (loss)
 
(15)
Net current-period other comprehensive income (loss)
 
(561)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance
(71)
(71)
Unrealized gain on marketable securities, gross of tax
7 
11 
Pension liability adjustments: Amortization, net
10 
18 
Pension liability adjustments, gross of tax
10 
18 
Gain (loss) on hedge instruments, gross of tax
(9)
(51)
Other Income [Member]
 
 
Reclassification [Line Items]
 
 
Unrealized gain on marketable securities: Impairment of marketable securities
7 
11 
Other Income [Member] |
Operating Cash Flow Hedges [Member]
 
 
Reclassification [Line Items]
 
 
Gain (loss) on hedge instruments:
(3)
 
Costs Applicable to Sales [Member] |
Operating Cash Flow Hedges [Member]
 
 
Reclassification [Line Items]
 
 
Gain (loss) on hedge instruments:
37 
79 
Interest Expense [Member] |
Forward Starting Swap Hedges [Member]
 
 
Reclassification [Line Items]
 
 
Gain (loss) on hedge instruments:
(6)
(9)
Amortization [Member] |
Capital Cash Flow Hedges [Member]
 
 
Reclassification [Line Items]
 
 
Gain (loss) on hedge instruments:
1 
1 
Writedowns [Member] |
Capital Cash Flow Hedges [Member]
 
 
Reclassification [Line Items]
 
 
Gain (loss) on hedge instruments:
18 
18 
Unrealized gain on marketable securities net [Member]
 
 
Reclassification [Line Items]
 
 
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance
 
542 
Change in other comprehensive income (loss) before reclassifications
 
(287)
Reclassifications from accumulated other comprehensive income (loss)
 
8 
Net current-period other comprehensive income (loss)
 
(279)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance
263 
263 
Tax (expense) benefit
(2)
(3)
Foreign Currency Translation Adjustments [Member]
 
 
Reclassification [Line Items]
 
 
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance
 
177 
Change in other comprehensive income (loss) before reclassifications
 
(21)
Net current-period other comprehensive income (loss)
 
(21)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance
156 
156 
Pension And Other Post Retirement Benefit Adjustments [Member]
 
 
Reclassification [Line Items]
 
 
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance
 
(276)
Change in other comprehensive income (loss) before reclassifications
 
(1)
Reclassifications from accumulated other comprehensive income (loss)
 
12 
Net current-period other comprehensive income (loss)
 
11 
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance
(265)
(265)
Tax (expense) benefit
(3)
(6)
Changes In Fair Value Of Cash Flow Hedge Instruments [Member]
 
 
Reclassification [Line Items]
 
 
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance
 
47 
Change in other comprehensive income (loss) before reclassifications
 
(237)
Reclassifications from accumulated other comprehensive income (loss)
 
(35)
Net current-period other comprehensive income (loss)
 
(272)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance
(225)
(225)
Tax (expense) benefit
$ 4 
$ 16 
Net Change in Operating Assets and Liabilities (Details) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Decrease (increase) in operating assets:
 
 
Trade and accounts receivable
$ 187 
$ (14)
Inventories, stockpiles and ore on leach pads
(405)
(443)
EGR refinery assets
623 
406 
Other assets
8 
(43)
Increase (decrease) in operating liabilities:
 
 
Accounts payable and other accrued liabilities
(227)
(227)
EGR refinery liabilities
(623)
(406)
Reclamation liabilities
(24)
(41)
Net change in operating assets and liabilities
$ 461 
$ 768 
Condensed Consolidating Financial Statements (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Condensed Consolidating Statement of Income (Loss)
 
 
 
 
 
Sales
$ 1,993 
$ 2,229 
$ 4,170 
$ 4,912 
 
Costs and expenses
 
 
 
 
 
Costs applicable to sales
1,653 
1,002 
2,697 
2,019 
 
Amortization
415 
248 
682 
479 
 
Reclamation and remediation
18 
16 
36 
32 
 
Exploration
76 
106 
135 
194 
 
Advanced projects, research and development
46 
82 
98 
184 
 
General and administrative
54 
57 
110 
111 
 
Write-downs
2,261 
0 
2,262 
0 
 
Other expense, net
77 
126 
176 
246 
 
Total costs and expenses
4,600 
1,637 
6,196 
3,265 
 
Other income (expense)
 
 
 
 
 
Other income, net
50 
36 
76 
69 
 
Interest expense, net
(70)
(71)
(135)
(123)
 
Total other income (expense)
(20)
(35)
(59)
(54)
 
Income before income and mining tax and other items
(2,627)
557 
(2,085)
1,593 
 
Income and mining tax expense
325 
(175)
144 
(518)
 
Equity income (loss) of affiliates
(3)
(11)
(7)
(30)
 
Income from continuing operations
(2,305)
371 
(1,948)
1,045 
 
Income (loss) from discontinued operations
74 
0 
74 
(71)
 
Net income (loss)
(2,231)
371 
(1,874)
974 
 
Net loss (income) attributable to noncontrolling interests
212 
(92)
170 
(205)
 
Net income attributable to Newmont stockholders
(2,019)
279 
(1,704)
769 
 
Comprehensive income (loss)
(2,731)
72 
(2,436)
683 
 
Comprehensive income attributable to noncontrolling interests
212 
(90)
171 
(205)
 
Comprehensive income attributable to Newmont stockholders
(2,519)
(18)
(2,265)
478 
 
Operating activities:
 
 
 
 
 
Net income (loss)
(2,231)
371 
(1,874)
974 
 
Adjustments
 
 
3,067 
758 
 
Net change in operating assets and liabilities (Note 23)
 
 
461 
768 
 
Net cash provided from continuing operations
 
 
732 
964 
 
Net cash used in discontinued operations
 
 
(11)
(8)
 
Net cash provided from operations
 
 
721 
956 
 
Investing activities:
 
 
 
 
 
Additions to property, plant and mine development
 
 
(1,120)
(1,578)
 
Sale of marketable securities
 
 
1 
106 
 
Purchases of marketable securities
 
 
(1)
(196)
 
Acquisitions, net
 
 
(13)
(22)
 
Proceeds from sale of other assets
 
 
49 
13 
 
Other
 
 
(21)
(37)
 
Net cash used in investing activities
 
 
(1,105)
(1,714)
 
Financing activities:
 
 
 
 
 
Proceeds from debt, net
 
 
987 
3,343 
 
Repayment of debt
 
 
(534)
(1,941)
 
Payment of conversion premium on debt
 
 
 
(172)
 
Sale of noncontrolling interests
 
 
32 
0 
 
Acquisition of noncontrolling interests
 
 
(10)
0 
 
Dividends paid to common stockholders
 
 
(385)
(347)
 
Dividends paid to noncontrolling interests
 
 
(2)
(3)
 
Proceeds from stock issuance, net
 
 
2 
15 
 
Other
 
 
(3)
(1)
 
Net cash provided from (used in) financing activities
 
 
87 
894 
 
Effect of exchange rate changes on cash
 
 
(16)
1 
 
Net change in cash and cash equivalents
 
 
(313)
137 
 
Cash and cash equivalents at beginning of period
 
 
1,561 
1,760 
 
Cash and cash equivalents at end of period
1,248 
1,897 
1,248 
1,897 
 
Assets
 
 
 
 
 
Cash and cash equivalents
1,248 
1,897 
1,248 
1,897 
 
Trade receivables
257 
 
257 
 
283 
Accounts receivable
289 
 
289 
 
577 
Investments
628 
 
628 
 
86 
Inventories
803 
 
803 
 
796 
Stockpiles and ore on leach pads
738 
 
738 
 
786 
Deferred income tax assets
215 
 
215 
 
195 
Other current assets
844 
 
844 
 
1,661 
Current assets
5,022 
 
5,022 
 
5,945 
Property, plant and mine development, net
16,244 
 
16,244 
 
18,010 
Investments
485 
 
485 
 
1,446 
Stockpiles and ore on leach pads
2,729 
 
2,729 
 
2,896 
Deferred income tax assets
1,188 
 
1,188 
 
481 
Other long-term assets
808 
 
808 
 
872 
Total assets
26,476 
28,660 
26,476 
28,660 
29,650 
Liabilities
 
 
 
 
 
Debt
48 
 
48 
 
10 
Accounts payable
551 
 
551 
 
657 
Employee-related benefits
261 
 
261 
 
339 
Income and mining taxes
60 
 
60 
 
51 
Other current liabilities
1,278 
 
1,278 
 
2,084 
Current liabilities
2,198 
 
2,198 
 
3,141 
Debt
6,726 
 
6,726 
 
6,288 
Reclamation and remediation liabilities
1,471 
 
1,471 
 
1,457 
Deferred income tax liabilities
806 
 
806 
 
858 
Employee-related benefits
598 
 
598 
 
586 
Long-term intercompany payable
400 
 
400 
 
 
Other long-term liabilities
439 
 
439 
 
372 
Total liabilities
12,238 
 
12,238 
 
12,702 
Equity
 
 
 
 
 
Newmont stockholders' equity
11,226 
 
11,226 
 
13,773 
Noncontrolling interests
3,012 
 
3,012 
 
3,175 
Total equity
14,238 
15,989 
14,238 
15,989 
16,948 
Total liabilities and equity
26,476 
 
26,476 
 
29,650 
Newmont Mining Corporation [Member]
 
 
 
 
 
Condensed Consolidating Statement of Income (Loss)
 
 
 
 
 
Sales
0 
0 
0 
0 
 
Costs and expenses
 
 
 
 
 
Costs applicable to sales
0 
0 
0 
0 
 
Amortization
0 
0 
0 
0 
 
Reclamation and remediation
0 
0 
0 
0 
 
Exploration
0 
0 
0 
0 
 
Advanced projects, research and development
0 
0 
0 
0 
 
General and administrative
0 
0 
0 
0 
 
Write-downs
0 
 
0 
 
 
Other expense, net
0 
0 
0 
0 
 
Total costs and expenses
0 
0 
0 
0 
 
Other income (expense)
 
 
 
 
 
Other income, net
2 
0 
2 
2 
 
Interest income-intercompany
34 
39 
82 
79 
 
Interest expense-intercompany
(3)
(3)
(6)
(8)
 
Interest expense, net
(68)
(68)
(133)
(119)
 
Total other income (expense)
(35)
(32)
(55)
(46)
 
Income before income and mining tax and other items
(35)
(32)
(55)
(46)
 
Income and mining tax expense
12 
11 
19 
16 
 
Equity income (loss) of affiliates
(1,996)
300 
(1,668)
799 
 
Income from continuing operations
(2,019)
 
(1,704)
769 
 
Income (loss) from discontinued operations
0 
 
0 
0 
 
Net income (loss)
(2,019)
279 
(1,704)
769 
 
Net loss (income) attributable to noncontrolling interests
0 
0 
0 
0 
 
Net income attributable to Newmont stockholders
(2,019)
279 
(1,704)
769 
 
Comprehensive income (loss)
(2,518)
(18)
(2,264)
478 
 
Comprehensive income attributable to noncontrolling interests
0 
0 
0 
0 
 
Comprehensive income attributable to Newmont stockholders
(2,518)
(18)
(2,264)
478 
 
Operating activities:
 
 
 
 
 
Net income (loss)
(2,019)
279 
(1,704)
769 
 
Adjustments
 
 
1,731 
(767)
 
Net change in operating assets and liabilities (Note 23)
 
 
16 
7 
 
Net cash provided from continuing operations
 
 
11 
(5)
 
Net cash provided from operations
 
 
11 
(5)
 
Financing activities:
 
 
 
 
 
Proceeds from debt, net
 
 
739 
3,345 
 
Repayment of debt
 
 
429 
1,802 
 
Payment of conversion premium on debt
 
 
 
(172)
 
Net intercompany borrowings (repayments)
 
 
62 
(1,034)
 
Dividends paid to common stockholders
 
 
(385)
(347)
 
Proceeds from stock issuance, net
 
 
2 
15 
 
Net cash provided from (used in) financing activities
 
 
(11)
5 
 
Assets
 
 
 
 
 
Accounts receivable
17 
 
17 
 
20 
Intercompany receivable
3,336 
 
3,336 
 
2,748 
Investments
43 
 
43 
 
58 
Current assets
3,396 
 
3,396 
 
2,826 
Investments in subsidiaries
15,418 
 
15,418 
 
16,599 
Deferred income tax assets
1,164 
 
1,164 
 
791 
Long-term intercompany receivable
3,065 
 
3,065 
 
3,907 
Other long-term assets
48 
 
48 
 
52 
Total assets
23,091 
 
23,091 
 
24,175 
Liabilities
 
 
 
 
 
Intercompany payable
5,077 
 
5,077 
 
3,969 
Other current liabilities
72 
 
72 
 
71 
Current liabilities
5,149 
 
5,149 
 
4,040 
Debt
6,403 
 
6,403 
 
6,069 
Employee-related benefits
5 
 
5 
 
5 
Long-term intercompany payable
 
 
 
 
381 
Total liabilities
11,957 
 
11,957 
 
10,495 
Equity
 
 
 
 
 
Newmont stockholders' equity
11,134 
 
11,134 
 
13,680 
Total equity
11,134 
 
11,134 
 
13,680 
Total liabilities and equity
23,091 
 
23,091 
 
24,175 
Newmont Mining Corporation [Member] |
Scenario Previously Reported [Member]
 
 
 
 
 
Operating activities:
 
 
 
 
 
Adjustments
 
 
 
32 
 
Net change in operating assets and liabilities (Note 23)
 
 
 
(7)
 
Net cash provided from continuing operations
 
 
 
794 
 
Net cash provided from operations
 
 
 
794 
 
Financing activities:
 
 
 
 
 
Net borrowings (repayments)
 
 
 
1,543 
 
Payment of conversion premium on debt
 
 
 
(172)
 
Net intercompany borrowings (repayments)
 
 
 
(1,833)
 
Dividends paid to common stockholders
 
 
 
(347)
 
Proceeds from stock issuance, net
 
 
 
15 
 
Net cash provided from (used in) financing activities
 
 
 
(794)
 
Newmont Mining Corporation [Member] |
Restatement Adjustment [Member]
 
 
 
 
 
Operating activities:
 
 
 
 
 
Adjustments
 
 
 
(799)
 
Net cash provided from continuing operations
 
 
 
(799)
 
Net cash provided from operations
 
 
 
(799)
 
Financing activities:
 
 
 
 
 
Net intercompany borrowings (repayments)
 
 
 
799 
 
Net cash provided from (used in) financing activities
 
 
 
799 
 
Newmont USA [Member]
 
 
 
 
 
Condensed Consolidating Statement of Income (Loss)
 
 
 
 
 
Sales
517 
523 
1,048 
1,186 
 
Costs and expenses
 
 
 
 
 
Costs applicable to sales
246 
243 
496 
500 
 
Amortization
48 
39 
96 
81 
 
Reclamation and remediation
2 
2 
4 
5 
 
Exploration
17 
24 
28 
43 
 
Advanced projects, research and development
10 
10 
23 
22 
 
General and administrative
24 
46 
54 
65 
 
Write-downs
0 
 
0 
 
 
Other expense, net
14 
10 
30 
17 
 
Total costs and expenses
361 
374 
731 
733 
 
Other income (expense)
 
 
 
 
 
Other income, net
5 
4 
9 
12 
 
Interest income-intercompany
8 
6 
15 
14 
 
Interest expense-intercompany
0 
1 
0 
0 
 
Interest expense, net
(4)
(2)
(6)
(3)
 
Total other income (expense)
9 
9 
18 
23 
 
Income before income and mining tax and other items
165 
158 
335 
476 
 
Income and mining tax expense
(71)
(59)
(121)
(128)
 
Equity income (loss) of affiliates
(464)
195 
(350)
370 
 
Income from continuing operations
(370)
 
(136)
718 
 
Income (loss) from discontinued operations
0 
 
0 
0 
 
Net income (loss)
(370)
294 
(136)
718 
 
Net loss (income) attributable to noncontrolling interests
0 
0 
0 
0 
 
Net income attributable to Newmont stockholders
(370)
294 
(136)
718 
 
Comprehensive income (loss)
(382)
266 
(144)
691 
 
Comprehensive income attributable to noncontrolling interests
0 
0 
0 
0 
 
Comprehensive income attributable to Newmont stockholders
(382)
266 
(144)
691 
 
Operating activities:
 
 
 
 
 
Net income (loss)
(370)
294 
(136)
718 
 
Adjustments
 
 
495 
(192)
 
Net change in operating assets and liabilities (Note 23)
 
 
251 
752 
 
Net cash provided from continuing operations
 
 
108 
(226)
 
Net cash provided from operations
 
 
108 
(226)
 
Investing activities:
 
 
 
 
 
Additions to property, plant and mine development
 
 
(230)
(324)
 
Sale of marketable securities
 
 
 
106 
 
Purchases of marketable securities
 
 
 
(196)
 
Net cash used in investing activities
 
 
(230)
(414)
 
Financing activities:
 
 
 
 
 
Repayment of debt
 
 
 
135 
 
Net intercompany borrowings (repayments)
 
 
(215)
1,267 
 
Net cash provided from (used in) financing activities
 
 
(215)
1,132 
 
Net change in cash and cash equivalents
 
 
(337)
492 
 
Cash and cash equivalents at beginning of period
 
 
342 
10 
 
Cash and cash equivalents at end of period
5 
502 
5 
502 
 
Assets
 
 
 
 
 
Cash and cash equivalents
5 
502 
5 
502 
 
Trade receivables
51 
 
51 
 
57 
Accounts receivable
4 
 
4 
 
10 
Intercompany receivable
6,485 
 
6,485 
 
6,276 
Investments
1 
 
1 
 
7 
Inventories
163 
 
163 
 
147 
Stockpiles and ore on leach pads
332 
 
332 
 
245 
Deferred income tax assets
155 
 
155 
 
109 
Other current assets
109 
 
109 
 
48 
Current assets
7,305 
 
7,305 
 
7,241 
Property, plant and mine development, net
2,980 
 
2,980 
 
2,869 
Investments
6 
 
6 
 
6 
Investments in subsidiaries
5,147 
 
5,147 
 
5,504 
Stockpiles and ore on leach pads
494 
 
494 
 
448 
Deferred income tax assets
188 
 
188 
 
146 
Long-term intercompany receivable
53 
 
53 
 
45 
Other long-term assets
178 
 
178 
 
172 
Total assets
16,351 
 
16,351 
 
16,431 
Liabilities
 
 
 
 
 
Accounts payable
71 
 
71 
 
97 
Intercompany payable
5,323 
 
5,323 
 
5,192 
Employee-related benefits
112 
 
112 
 
149 
Income and mining taxes
 
 
 
 
16 
Other current liabilities
148 
 
148 
 
175 
Current liabilities
5,654 
 
5,654 
 
5,629 
Debt
1 
 
1 
 
1 
Reclamation and remediation liabilities
184 
 
184 
 
183 
Deferred income tax liabilities
36 
 
36 
 
24 
Employee-related benefits
396 
 
396 
 
385 
Other long-term liabilities
21 
 
21 
 
13 
Total liabilities
6,292 
 
6,292 
 
6,235 
Equity
 
 
 
 
 
Newmont stockholders' equity
10,059 
 
10,059 
 
10,196 
Total equity
10,059 
 
10,059 
 
10,196 
Total liabilities and equity
16,351 
 
16,351 
 
16,431 
Newmont USA [Member] |
Scenario Previously Reported [Member]
 
 
 
 
 
Condensed Consolidating Statement of Income (Loss)
 
 
 
 
 
Sales
 
1,383 
 
3,000 
 
Costs and expenses
 
 
 
 
 
Costs applicable to sales
 
550 
 
1,113 
 
Amortization
 
135 
 
265 
 
Reclamation and remediation
 
12 
 
23 
 
Exploration
 
71 
 
124 
 
Advanced projects, research and development
 
64 
 
152 
 
General and administrative
 
44 
 
86 
 
Other expense, net
 
42 
 
89 
 
Total costs and expenses
 
918 
 
1,852 
 
Other income (expense)
 
 
 
 
 
Other income, net
 
12 
 
25 
 
Interest income-intercompany
 
1 
 
3 
 
Interest expense-intercompany
 
(1)
 
(1)
 
Interest expense, net
 
(7)
 
(12)
 
Total other income (expense)
 
5 
 
15 
 
Income before income and mining tax and other items
 
470 
 
1,163 
 
Income and mining tax expense
 
(83)
 
(229)
 
Equity income (loss) of affiliates
 
(2)
 
(13)
 
Income from continuing operations
 
 
 
921 
 
Income (loss) from discontinued operations
 
 
 
4 
 
Net income (loss)
 
385 
 
925 
 
Net loss (income) attributable to noncontrolling interests
 
(91)
 
(207)
 
Net income attributable to Newmont stockholders
 
294 
 
718 
 
Comprehensive income (loss)
 
357 
 
898 
 
Comprehensive income attributable to noncontrolling interests
 
(91)
 
(207)
 
Comprehensive income attributable to Newmont stockholders
 
266 
 
691 
 
Operating activities:
 
 
 
 
 
Net income (loss)
 
385 
 
925 
 
Adjustments
 
 
 
273 
 
Net change in operating assets and liabilities (Note 23)
 
 
 
(514)
 
Net cash provided from continuing operations
 
 
 
684 
 
Net cash provided from operations
 
 
 
684 
 
Investing activities:
 
 
 
 
 
Additions to property, plant and mine development
 
 
 
(1,090)
 
Purchases of marketable securities
 
 
 
(91)
 
Proceeds from sale of other assets
 
 
 
9 
 
Net cash used in investing activities
 
 
 
(1,172)
 
Financing activities:
 
 
 
 
 
Net borrowings (repayments)
 
 
 
(136)
 
Net intercompany borrowings (repayments)
 
 
 
692 
 
Dividends paid to noncontrolling interests
 
 
 
(3)
 
Net cash provided from (used in) financing activities
 
 
 
553 
 
Effect of exchange rate changes on cash
 
 
 
(1)
 
Net change in cash and cash equivalents
 
 
 
64 
 
Cash and cash equivalents at beginning of period
 
 
 
1,526 
 
Cash and cash equivalents at end of period
 
1,590 
 
1,590 
 
Assets
 
 
 
 
 
Cash and cash equivalents
 
1,590 
 
1,590 
 
Newmont USA [Member] |
Restatement Adjustment [Member]
 
 
 
 
 
Condensed Consolidating Statement of Income (Loss)
 
 
 
 
 
Sales
 
(919)
 
(1,951)
 
Costs and expenses
 
 
 
 
 
Costs applicable to sales
 
(314)
 
(625)
 
Amortization
 
(103)
 
(197)
 
Reclamation and remediation
 
(11)
 
(20)
 
Exploration
 
(52)
 
(86)
 
Advanced projects, research and development
 
(56)
 
(132)
 
General and administrative
 
2 
 
(21)
 
Other expense, net
 
(32)
 
(72)
 
Total costs and expenses
 
(566)
 
(1,153)
 
Other income (expense)
 
 
 
 
 
Other income, net
 
(8)
 
(13)
 
Interest income-intercompany
 
5 
 
11 
 
Interest expense-intercompany
 
2 
 
1 
 
Interest expense, net
 
5 
 
9 
 
Total other income (expense)
 
4 
 
8 
 
Income before income and mining tax and other items
 
(349)
 
(790)
 
Income and mining tax expense
 
24 
 
101 
 
Equity income (loss) of affiliates
 
234 
 
486 
 
Income from continuing operations
 
 
 
(203)
 
Income (loss) from discontinued operations
 
 
 
(4)
 
Net income (loss)
 
(91)
 
(207)
 
Net loss (income) attributable to noncontrolling interests
 
91 
 
207 
 
Net income attributable to Newmont stockholders
 
0 
 
 
 
Comprehensive income (loss)
 
(91)
 
(207)
 
Comprehensive income attributable to noncontrolling interests
 
91 
 
207 
 
Comprehensive income attributable to Newmont stockholders
 
0 
 
 
 
Operating activities:
 
 
 
 
 
Net income (loss)
 
(91)
 
(207)
 
Adjustments
 
 
 
(583)
 
Net change in operating assets and liabilities (Note 23)
 
 
 
(216)
 
Net cash provided from continuing operations
 
 
 
(1,006)
 
Net cash provided from operations
 
 
 
(1,006)
 
Investing activities:
 
 
 
 
 
Additions to property, plant and mine development
 
 
 
818 
 
Sale of marketable securities
 
 
 
106 
 
Purchases of marketable securities
 
 
 
(105)
 
Proceeds from sale of other assets
 
 
 
(9)
 
Net cash used in investing activities
 
 
 
810 
 
Financing activities:
 
 
 
 
 
Net borrowings (repayments)
 
 
 
1 
 
Net intercompany borrowings (repayments)
 
 
 
619 
 
Dividends paid to noncontrolling interests
 
 
 
3 
 
Net cash provided from (used in) financing activities
 
 
 
623 
 
Effect of exchange rate changes on cash
 
 
 
1 
 
Net change in cash and cash equivalents
 
 
 
428 
 
Cash and cash equivalents at beginning of period
 
 
 
(1,516)
 
Cash and cash equivalents at end of period
 
(1,088)
 
(1,088)
 
Assets
 
 
 
 
 
Cash and cash equivalents
 
(1,088)
 
(1,088)
 
Newmont USA [Member] |
Subsidiary Merger [Member]
 
 
 
 
 
Condensed Consolidating Statement of Income (Loss)
 
 
 
 
 
Sales
 
59 
 
137 
 
Costs and expenses
 
 
 
 
 
Costs applicable to sales
 
7 
 
12 
 
Amortization
 
7 
 
13 
 
Reclamation and remediation
 
1 
 
2 
 
Exploration
 
5 
 
5 
 
Advanced projects, research and development
 
2 
 
2 
 
Total costs and expenses
 
22 
 
34 
 
Other income (expense)
 
 
 
 
 
Income before income and mining tax and other items
 
37 
 
103 
 
Equity income (loss) of affiliates
 
(37)
 
(103)
 
Income (loss) from discontinued operations
 
 
 
0 
 
Net income (loss)
 
 
 
0 
 
Operating activities:
 
 
 
 
 
Net income (loss)
 
 
 
0 
 
Adjustments
 
 
 
118 
 
Net change in operating assets and liabilities (Note 23)
 
 
 
(22)
 
Net cash provided from continuing operations
 
 
 
96 
 
Net cash provided from operations
 
 
 
96 
 
Investing activities:
 
 
 
 
 
Additions to property, plant and mine development
 
 
 
(52)
 
Net cash used in investing activities
 
 
 
(52)
 
Financing activities:
 
 
 
 
 
Net intercompany borrowings (repayments)
 
 
 
(44)
 
Net cash provided from (used in) financing activities
 
 
 
(44)
 
Other Subsidiaries [Member]
 
 
 
 
 
Condensed Consolidating Statement of Income (Loss)
 
 
 
 
 
Sales
1,476 
1,706 
3,122 
3,726 
 
Costs and expenses
 
 
 
 
 
Costs applicable to sales
1,407 
759 
2,201 
1,519 
 
Amortization
367 
209 
586 
398 
 
Reclamation and remediation
16 
14 
32 
27 
 
Exploration
59 
82 
107 
151 
 
Advanced projects, research and development
36 
72 
75 
162 
 
General and administrative
30 
11 
56 
46 
 
Write-downs
2,261 
 
2,262 
 
 
Other expense, net
63 
116 
146 
229 
 
Total costs and expenses
4,239 
1,263 
5,465 
2,532 
 
Other income (expense)
 
 
 
 
 
Other income, net
43 
32 
65 
55 
 
Interest income-intercompany
(3)
1 
(5)
0 
 
Interest expense-intercompany
(36)
(44)
(86)
(85)
 
Interest expense, net
2 
(1)
4 
(1)
 
Total other income (expense)
6 
(12)
(22)
(31)
 
Income before income and mining tax and other items
(2,757)
431 
(2,365)
1,163 
 
Income and mining tax expense
384 
(127)
246 
(406)
 
Equity income (loss) of affiliates
(163)
48 
(120)
117 
 
Income from continuing operations
(2,536)
 
(2,239)
874 
 
Income (loss) from discontinued operations
74 
 
74 
(71)
 
Net income (loss)
(2,462)
352 
(2,165)
803 
 
Net loss (income) attributable to noncontrolling interests
323 
(122)
256 
(270)
 
Net income attributable to Newmont stockholders
(2,139)
230 
(1,909)
533 
 
Comprehensive income (loss)
(3,013)
68 
(2,823)
506 
 
Comprehensive income attributable to noncontrolling interests
323 
(120)
257 
(270)
 
Comprehensive income attributable to Newmont stockholders
(2,690)
(52)
(2,566)
236 
 
Operating activities:
 
 
 
 
 
Net income (loss)
(2,462)
352 
(2,165)
803 
 
Adjustments
 
 
2,976 
404 
 
Net change in operating assets and liabilities (Note 23)
 
 
194 
9 
 
Net cash provided from continuing operations
 
 
617 
1,198 
 
Net cash used in discontinued operations
 
 
(11)
(8)
 
Net cash provided from operations
 
 
606 
1,190 
 
Investing activities:
 
 
 
 
 
Additions to property, plant and mine development
 
 
(890)
(1,254)
 
Sale of marketable securities
 
 
1 
 
 
Purchases of marketable securities
 
 
(1)
 
 
Acquisitions, net
 
 
(13)
(22)
 
Proceeds from sale of other assets
 
 
49 
13 
 
Other
 
 
(21)
(37)
 
Net cash used in investing activities
 
 
(875)
(1,300)
 
Financing activities:
 
 
 
 
 
Proceeds from debt, net
 
 
248 
(2)
 
Repayment of debt
 
 
105 
4 
 
Net intercompany borrowings (repayments)
 
 
156 
(229)
 
Sale of noncontrolling interests
 
 
32 
 
 
Acquisition of noncontrolling interests
 
 
(10)
 
 
Dividends paid to common stockholders
 
 
(4)
(3)
 
Dividends paid to noncontrolling interests
 
 
(5)
(7)
 
Other
 
 
(3)
(1)
 
Net cash provided from (used in) financing activities
 
 
309 
(246)
 
Effect of exchange rate changes on cash
 
 
(16)
1 
 
Net change in cash and cash equivalents
 
 
24 
(355)
 
Cash and cash equivalents at beginning of period
 
 
1,219 
1,750 
 
Cash and cash equivalents at end of period
1,243 
1,395 
1,243 
1,395 
 
Assets
 
 
 
 
 
Cash and cash equivalents
1,243 
1,395 
1,243 
1,395 
 
Trade receivables
206 
 
206 
 
226 
Accounts receivable
268 
 
268 
 
547 
Intercompany receivable
4,238 
 
4,238 
 
4,025 
Investments
584 
 
584 
 
21 
Inventories
640 
 
640 
 
649 
Stockpiles and ore on leach pads
406 
 
406 
 
541 
Deferred income tax assets
60 
 
60 
 
153 
Other current assets
735 
 
735 
 
1,613 
Current assets
8,380 
 
8,380 
 
8,994 
Property, plant and mine development, net
13,306 
 
13,306 
 
15,178 
Investments
479 
 
479 
 
1,440 
Investments in subsidiaries
3,013 
 
3,013 
 
3,115 
Stockpiles and ore on leach pads
2,235 
 
2,235 
 
2,448 
Deferred income tax assets
1,049 
 
1,049 
 
685 
Long-term intercompany receivable
573 
 
573 
 
564 
Other long-term assets
582 
 
582 
 
648 
Total assets
29,617 
 
29,617 
 
33,072 
Liabilities
 
 
 
 
 
Debt
48 
 
48 
 
10 
Accounts payable
480 
 
480 
 
560 
Intercompany payable
3,659 
 
3,659 
 
3,888 
Employee-related benefits
149 
 
149 
 
190 
Income and mining taxes
60 
 
60 
 
35 
Other current liabilities
1,058 
 
1,058 
 
1,838 
Current liabilities
5,454 
 
5,454 
 
6,521 
Debt
322 
 
322 
 
218 
Reclamation and remediation liabilities
1,287 
 
1,287 
 
1,274 
Deferred income tax liabilities
1,984 
 
1,984 
 
2,040 
Employee-related benefits
197 
 
197 
 
196 
Long-term intercompany payable
3,333 
 
3,333 
 
4,172 
Other long-term liabilities
418 
 
418 
 
359 
Total liabilities
12,995 
 
12,995 
 
14,780 
Equity
 
 
 
 
 
Newmont stockholders' equity
11,819 
 
11,819 
 
13,245 
Noncontrolling interests
4,803 
 
4,803 
 
5,047 
Total equity
16,622 
 
16,622 
 
18,292 
Total liabilities and equity
29,617 
 
29,617 
 
33,072 
Other Subsidiaries [Member] |
Scenario Previously Reported [Member]
 
 
 
 
 
Condensed Consolidating Statement of Income (Loss)
 
 
 
 
 
Sales
 
846 
 
1,912 
 
Costs and expenses
 
 
 
 
 
Costs applicable to sales
 
464 
 
929 
 
Amortization
 
113 
 
214 
 
Reclamation and remediation
 
4 
 
9 
 
Exploration
 
35 
 
70 
 
Advanced projects, research and development
 
17 
 
31 
 
General and administrative
 
2 
 
3 
 
Other expense, net
 
84 
 
157 
 
Total costs and expenses
 
719 
 
1,413 
 
Other income (expense)
 
 
 
 
 
Other income, net
 
30 
 
53 
 
Interest income-intercompany
 
6 
 
11 
 
Interest expense-intercompany
 
(42)
 
(84)
 
Interest expense, net
 
(2)
 
(3)
 
Total other income (expense)
 
(8)
 
(23)
 
Income before income and mining tax and other items
 
119 
 
476 
 
Income and mining tax expense
 
(103)
 
(305)
 
Equity income (loss) of affiliates
 
50 
 
117 
 
Income from continuing operations
 
 
 
288 
 
Income (loss) from discontinued operations
 
 
 
(75)
 
Net income (loss)
 
66 
 
213 
 
Net loss (income) attributable to noncontrolling interests
 
(31)
 
(63)
 
Net income attributable to Newmont stockholders
 
35 
 
150 
 
Comprehensive income (loss)
 
(190)
 
(51)
 
Comprehensive income attributable to noncontrolling interests
 
(29)
 
(63)
 
Comprehensive income attributable to Newmont stockholders
 
(219)
 
(114)
 
Operating activities:
 
 
 
 
 
Net income (loss)
 
66 
 
213 
 
Adjustments
 
 
 
(480)
 
Net change in operating assets and liabilities (Note 23)
 
 
 
(247)
 
Net cash provided from continuing operations
 
 
 
(514)
 
Net cash used in discontinued operations
 
 
 
(8)
 
Net cash provided from operations
 
 
 
(522)
 
Investing activities:
 
 
 
 
 
Additions to property, plant and mine development
 
 
 
(488)
 
Sale of marketable securities
 
 
 
106 
 
Purchases of marketable securities
 
 
 
(105)
 
Acquisitions, net
 
 
 
(22)
 
Proceeds from sale of other assets
 
 
 
4 
 
Other
 
 
 
(37)
 
Net cash used in investing activities
 
 
 
(542)
 
Financing activities:
 
 
 
 
 
Net borrowings (repayments)
 
 
 
(5)
 
Net intercompany borrowings (repayments)
 
 
 
1,141 
 
Other
 
 
 
(1)
 
Net cash provided from (used in) financing activities
 
 
 
1,135 
 
Effect of exchange rate changes on cash
 
 
 
2 
 
Net change in cash and cash equivalents
 
 
 
73 
 
Cash and cash equivalents at beginning of period
 
 
 
234 
 
Cash and cash equivalents at end of period
 
307 
 
307 
 
Assets
 
 
 
 
 
Cash and cash equivalents
 
307 
 
307 
 
Other Subsidiaries [Member] |
Restatement Adjustment [Member]
 
 
 
 
 
Condensed Consolidating Statement of Income (Loss)
 
 
 
 
 
Sales
 
919 
 
1,951 
 
Costs and expenses
 
 
 
 
 
Costs applicable to sales
 
302 
 
602 
 
Amortization
 
103 
 
197 
 
Reclamation and remediation
 
11 
 
20 
 
Exploration
 
52 
 
86 
 
Advanced projects, research and development
 
57 
 
133 
 
General and administrative
 
9 
 
43 
 
Other expense, net
 
32 
 
72 
 
Total costs and expenses
 
566 
 
1,153 
 
Other income (expense)
 
 
 
 
 
Other income, net
 
2 
 
2 
 
Interest income-intercompany
 
(5)
 
(11)
 
Interest expense-intercompany
 
(2)
 
(1)
 
Interest expense, net
 
1 
 
2 
 
Total other income (expense)
 
(4)
 
(8)
 
Income before income and mining tax and other items
 
349 
 
790 
 
Income and mining tax expense
 
(24)
 
(101)
 
Equity income (loss) of affiliates
 
(2)
 
 
 
Income from continuing operations
 
 
 
689 
 
Income (loss) from discontinued operations
 
 
 
4 
 
Net income (loss)
 
323 
 
693 
 
Net loss (income) attributable to noncontrolling interests
 
(91)
 
(207)
 
Net income attributable to Newmont stockholders
 
232 
 
486 
 
Comprehensive income (loss)
 
295 
 
660 
 
Comprehensive income attributable to noncontrolling interests
 
(91)
 
(207)
 
Comprehensive income attributable to Newmont stockholders
 
204 
 
453 
 
Operating activities:
 
 
 
 
 
Net income (loss)
 
323 
 
693 
 
Adjustments
 
 
 
895 
 
Net change in operating assets and liabilities (Note 23)
 
 
 
216 
 
Net cash provided from continuing operations
 
 
 
1,808 
 
Net cash provided from operations
 
 
 
1,808 
 
Investing activities:
 
 
 
 
 
Additions to property, plant and mine development
 
 
 
(818)
 
Sale of marketable securities
 
 
 
(106)
 
Purchases of marketable securities
 
 
 
105 
 
Proceeds from sale of other assets
 
 
 
9 
 
Net cash used in investing activities
 
 
 
(810)
 
Financing activities:
 
 
 
 
 
Net borrowings (repayments)
 
 
 
(1)
 
Net intercompany borrowings (repayments)
 
 
 
(1,414)
 
Dividends paid to common stockholders
 
 
 
(3)
 
Dividends paid to noncontrolling interests
 
 
 
(7)
 
Net cash provided from (used in) financing activities
 
 
 
(1,425)
 
Effect of exchange rate changes on cash
 
 
 
(1)
 
Net change in cash and cash equivalents
 
 
 
(428)
 
Cash and cash equivalents at beginning of period
 
 
 
1,516 
 
Cash and cash equivalents at end of period
 
1,088 
 
1,088 
 
Assets
 
 
 
 
 
Cash and cash equivalents
 
1,088 
 
1,088 
 
Other Subsidiaries [Member] |
Subsidiary Merger [Member]
 
 
 
 
 
Condensed Consolidating Statement of Income (Loss)
 
 
 
 
 
Sales
 
(59)
 
(137)
 
Costs and expenses
 
 
 
 
 
Costs applicable to sales
 
(7)
 
(12)
 
Amortization
 
(7)
 
(13)
 
Reclamation and remediation
 
(1)
 
(2)
 
Exploration
 
(5)
 
(5)
 
Advanced projects, research and development
 
(2)
 
(2)
 
Total costs and expenses
 
(22)
 
(34)
 
Other income (expense)
 
 
 
 
 
Income before income and mining tax and other items
 
(37)
 
(103)
 
Income from continuing operations
 
 
 
(103)
 
Income (loss) from discontinued operations
 
 
 
0 
 
Net income (loss)
 
(37)
 
(103)
 
Net income attributable to Newmont stockholders
 
(37)
 
(103)
 
Comprehensive income (loss)
 
(37)
 
(103)
 
Comprehensive income attributable to Newmont stockholders
 
(37)
 
(103)
 
Operating activities:
 
 
 
 
 
Net income (loss)
 
(37)
 
(103)
 
Adjustments
 
 
 
(11)
 
Net change in operating assets and liabilities (Note 23)
 
 
 
22 
 
Net cash provided from continuing operations
 
 
 
(96)
 
Net cash provided from operations
 
 
 
(96)
 
Investing activities:
 
 
 
 
 
Additions to property, plant and mine development
 
 
 
52 
 
Net cash used in investing activities
 
 
 
52 
 
Financing activities:
 
 
 
 
 
Net intercompany borrowings (repayments)
 
 
 
44 
 
Net cash provided from (used in) financing activities
 
 
 
44 
 
Eliminations [Member]
 
 
 
 
 
Condensed Consolidating Statement of Income (Loss)
 
 
 
 
 
Sales
0 
0 
0 
0 
 
Costs and expenses
 
 
 
 
 
Costs applicable to sales
0 
0 
0 
0 
 
Amortization
0 
0 
0 
0 
 
Reclamation and remediation
0 
0 
0 
0 
 
Exploration
0 
0 
0 
0 
 
Advanced projects, research and development
0 
0 
0 
0 
 
General and administrative
0 
0 
0 
0 
 
Write-downs
0 
 
0 
 
 
Other expense, net
0 
0 
0 
0 
 
Total costs and expenses
0 
0 
0 
0 
 
Other income (expense)
 
 
 
 
 
Other income, net
0 
0 
0 
0 
 
Interest income-intercompany
(39)
(46)
(92)
(93)
 
Interest expense-intercompany
39 
46 
92 
93 
 
Interest expense, net
0 
0 
0 
0 
 
Total other income (expense)
0 
0 
0 
0 
 
Income before income and mining tax and other items
0 
0 
0 
0 
 
Income and mining tax expense
0 
0 
0 
0 
 
Equity income (loss) of affiliates
2,620 
(554)
2,131 
(1,316)
 
Income from continuing operations
2,620 
 
2,131 
(1,316)
 
Income (loss) from discontinued operations
0 
 
0 
0 
 
Net income (loss)
2,620 
(554)
2,131 
(1,316)
 
Net loss (income) attributable to noncontrolling interests
(111)
30 
(86)
65 
 
Net income attributable to Newmont stockholders
2,509 
(524)
2,045 
(1,251)
 
Comprehensive income (loss)
3,182 
(244)
2,795 
(992)
 
Comprehensive income attributable to noncontrolling interests
(111)
30 
(86)
65 
 
Comprehensive income attributable to Newmont stockholders
3,071 
(214)
2,709 
(927)
 
Operating activities:
 
 
 
 
 
Net income (loss)
2,620 
(554)
2,131 
(1,316)
 
Adjustments
 
 
(2,135)
1,313 
 
Net change in operating assets and liabilities (Note 23)
 
 
0 
0 
 
Net cash provided from continuing operations
 
 
(4)
(3)
 
Net cash provided from operations
 
 
(4)
(3)
 
Financing activities:
 
 
 
 
 
Net intercompany borrowings (repayments)
 
 
(3)
(4)
 
Dividends paid to common stockholders
 
 
4 
3 
 
Dividends paid to noncontrolling interests
 
 
3 
4 
 
Net cash provided from (used in) financing activities
 
 
4 
3 
 
Assets
 
 
 
 
 
Intercompany receivable
(14,059)
 
(14,059)
 
(13,049)
Deferred income tax assets
 
 
 
 
(67)
Current assets
(14,059)
 
(14,059)
 
(13,116)
Property, plant and mine development, net
(42)
 
(42)
 
(37)
Investments in subsidiaries
(23,578)
 
(23,578)
 
(25,218)
Deferred income tax assets
(1,213)
 
(1,213)
 
(1,141)
Long-term intercompany receivable
(3,691)
 
(3,691)
 
(4,516)
Total assets
(42,583)
 
(42,583)
 
(44,028)
Liabilities
 
 
 
 
 
Intercompany payable
(14,059)
 
(14,059)
 
(13,049)
Current liabilities
(14,059)
 
(14,059)
 
(13,049)
Deferred income tax liabilities
(1,214)
 
(1,214)
 
(1,206)
Long-term intercompany payable
(3,733)
 
(3,733)
 
(4,553)
Total liabilities
(19,006)
 
(19,006)
 
(18,808)
Equity
 
 
 
 
 
Newmont stockholders' equity
(21,786)
 
(21,786)
 
(23,348)
Noncontrolling interests
(1,791)
 
(1,791)
 
(1,872)
Total equity
(23,577)
 
(23,577)
 
(25,220)
Total liabilities and equity
(42,583)
 
(42,583)
 
(44,028)
Eliminations [Member] |
Scenario Previously Reported [Member]
 
 
 
 
 
Costs and expenses
 
 
 
 
 
Costs applicable to sales
 
(12)
 
(23)
 
Advanced projects, research and development
 
1 
 
1 
 
General and administrative
 
11 
 
22 
 
Other income (expense)
 
 
 
 
 
Interest income-intercompany
 
(46)
 
(93)
 
Interest expense-intercompany
 
46 
 
93 
 
Equity income (loss) of affiliates
 
(359)
 
(933)
 
Income from continuing operations
 
 
 
(933)
 
Net income (loss)
 
(359)
 
(933)
 
Net loss (income) attributable to noncontrolling interests
 
30 
 
65 
 
Net income attributable to Newmont stockholders
 
(329)
 
(868)
 
Comprehensive income (loss)
 
(77)
 
(642)
 
Comprehensive income attributable to noncontrolling interests
 
30 
 
65 
 
Comprehensive income attributable to Newmont stockholders
 
(47)
 
(577)
 
Operating activities:
 
 
 
 
 
Net income (loss)
 
(359)
 
(933)
 
Adjustments
 
 
 
933 
 
Eliminations [Member] |
Restatement Adjustment [Member]
 
 
 
 
 
Costs and expenses
 
 
 
 
 
Costs applicable to sales
 
12 
 
23 
 
Advanced projects, research and development
 
(1)
 
(1)
 
General and administrative
 
(11)
 
(22)
 
Other income (expense)
 
 
 
 
 
Equity income (loss) of affiliates
 
(232)
 
(486)
 
Income from continuing operations
 
 
 
(486)
 
Net income (loss)
 
(232)
 
(486)
 
Net income attributable to Newmont stockholders
 
(232)
 
(486)
 
Comprehensive income (loss)
 
(204)
 
(453)
 
Comprehensive income attributable to Newmont stockholders
 
(204)
 
(453)
 
Operating activities:
 
 
 
 
 
Net income (loss)
 
(232)
 
(486)
 
Adjustments
 
 
 
487 
 
Net cash provided from continuing operations
 
 
 
(3)
 
Net cash provided from operations
 
 
 
(3)
 
Financing activities:
 
 
 
 
 
Net intercompany borrowings (repayments)
 
 
 
(4)
 
Dividends paid to common stockholders
 
 
 
3 
 
Dividends paid to noncontrolling interests
 
 
 
4 
 
Net cash provided from (used in) financing activities
 
 
 
3 
 
Eliminations [Member] |
Subsidiary Merger [Member]
 
 
 
 
 
Other income (expense)
 
 
 
 
 
Equity income (loss) of affiliates
 
37 
 
103 
 
Income from continuing operations
 
 
 
103 
 
Net income (loss)
 
37 
 
103 
 
Net income attributable to Newmont stockholders
 
37 
 
103 
 
Comprehensive income (loss)
 
37 
 
103 
 
Comprehensive income attributable to Newmont stockholders
 
37 
 
103 
 
Operating activities:
 
 
 
 
 
Net income (loss)
 
37 
 
103 
 
Adjustments
 
 
 
$ (107)
 
Commitments and Contingencies (Details)
6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended
Jun. 30, 2013
USD ($)
Dec. 31, 2012
USD ($)
Jun. 30, 2013
Yanacocha [Member]
USD ($)
Jun. 30, 2013
Yanacocha [Member]
PEN (S/.)
Jun. 30, 2013
Batu Hijau [Member]
Mar. 31, 2010
Batu Hijau [Member]
Mar. 31, 2009
Batu Hijau [Member]
Mar. 31, 2008
Batu Hijau [Member]
Mar. 31, 2007
Batu Hijau [Member]
Mar. 31, 2006
Batu Hijau [Member]
Jun. 30, 2013
La Herradura [Member]
Jun. 30, 2013
NUSA [Member]
USD ($)
Jun. 30, 2013
PTMDB [Member]
Batu Hijau [Member]
Jun. 30, 2013
To PTPI From NIL NTMC [Member]
Batu Hijau [Member]
Mar. 31, 2010
To PTPI From NIL NTMC [Member]
Batu Hijau [Member]
Mar. 31, 2009
To PTPI From NIL NTMC [Member]
Batu Hijau [Member]
Mar. 31, 2008
To PTPI From NIL NTMC [Member]
Batu Hijau [Member]
Mar. 31, 2007
To PTPI From NIL NTMC [Member]
Batu Hijau [Member]
Mar. 31, 2006
To PTPI From NIL NTMC [Member]
Batu Hijau [Member]
Jun. 30, 2013
NWG Ownership In NewWest Gold [Member]
Jun. 30, 2013
Jacob Safra Ownership In NWG [Member]
Jun. 30, 2013
Fronteer Ownership In Aurora [Member]
Jun. 30, 2013
PTPI [Member]
Jun. 30, 2013
NMC [Member]
oz
Jun. 30, 2013
NWG Investments Inc [Member]
USD ($)
Jun. 30, 2013
Hope Bay Mining Ltd [Member]
USD ($)
Jun. 30, 2013
Fresnillo PLC [Member]
Jun. 30, 2013
Minera Penmont [Member]
USD ($)
oz
Jun. 30, 2013
Minimum royalty payable year one [Member]
USD ($)
Jun. 30, 2013
Minimum royalty payable year two [Member]
USD ($)
Jun. 30, 2013
Minimum royalty payable year three [Member]
USD ($)
Jun. 30, 2013
Minimum royalty payable year four [Member]
USD ($)
Jun. 30, 2013
Minimum royalty payable year five [Member]
USD ($)
Jun. 30, 2013
Minimum royalty payable thereafter [Member]
USD ($)
Commitments and Contingencies (Textuals)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Range of reclamation and remediation liabilities upper limit
120.00% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Range of reclamation and remediation liabilities lower limit
5.00% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ownership/Economic interest in subsidiaries
 
 
51.35% 
51.35% 
48.50% 
 
 
 
 
 
44.00% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Noncontrolling interest, ownership percentage by noncontrolling owners
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
56.00% 
 
 
 
 
 
 
 
Ross Adams US Forest Service expenditures
 
 
 
 
 
 
 
 
 
 
 
$ 300,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Estimate of possible loss
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,000,000 
 
 
 
 
 
 
 
 
Fine paid under protest for spill of elementary mercury
 
 
500,000 
1,740,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss Contingency Number Of Plaintiffs
900 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5 
 
 
 
 
 
 
Number of Settlement Agreements entered into by Yanacocha
350 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Remaining plaintiffs in the Yanacocha matters
200 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Number of complaints to nullify settlements
23 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OEFA penalty
 
 
100,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Yanacocha Administrative Actions Range Minimum
 
 
100,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Yanacocha Administrative Actions Range Maximum
 
 
17,400,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percentage of ownership shares by the Indonesian government or Indonesian nationals in PTNNT
 
 
 
 
 
51.00% 
44.00% 
37.00% 
30.00% 
23.00% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other company ownership percentage in affiliate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
86.00% 
100.00% 
42.00% 
20.00% 
 
 
 
 
 
 
 
 
 
 
 
Aggregate interest to be offered
 
 
 
 
 
 
 
 
 
 
 
 
 
31.00% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sale and transfer of shares of interest percent
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7.00% 
7.00% 
7.00% 
7.00% 
3.00% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PTMDB's ownership in PTNNT
 
 
 
 
 
 
 
 
 
 
 
 
24.00% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Minimum royalty payable
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
60,000,000 
38,000,000 
38,000,000 
38,000,000 
38,000,000 
317,000,000 
Letters of Credit Surety Bonds and Bank Guarantees, outstanding
1,805,000,000 
1,755,000,000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Damages sought
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 750,000,000 
 
 
$ 64,000,000 
 
 
 
 
 
 
Loss Contingency Production
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
22,000 
 
 
 
50,000