Newmont Appoints Gary Goldberg as Executive Vice President and Chief Operating Officer

DENVER, Oct. 10, 2011 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") today announced the appointments of Gary Goldberg as Executive Vice President and Chief Operating Officer and Brian Hill as Executive Vice President for Sustainability and External Affairs.

Mr. Goldberg will join Newmont from Rio Tinto on December 5, 2011 and will assume responsibility for the Company's worldwide mining operations, health and safety, business excellence, and security functions.  

"Gary is a recognized leader in the mining industry, and we are confident in his ability to bring Newmont's performance to a new level of excellence," said Richard O'Brien, President and Chief Executive Officer.  "As an experienced leader in the areas of safety, sustainable development and business improvement, Gary's values and skills are an excellent fit with Newmont."  

Mr. Goldberg most recently served as President and Chief Executive Officer of Rio Tinto Minerals (Rio Tinto plc), the world's leading borate business, and has served in leadership roles in Rio Tinto's coal, gold, copper, and industrial minerals businesses.  Mr. Goldberg, 52, has 30 years of experience in the mining industry and also served as Chairman of the National Mining Association in the United States from 2008 to 2010.

Brian Hill, Newmont's Executive Vice President for Operations since 2008, will assume responsibility for environmental leadership and sustainability, social responsibility and community and government relations.

"Given the challenges and complexities facing our industry in jurisdictions around the globe, we need Brian's proven leadership capability and deep operating and business experience to create competitive advantage for Newmont through our industry leading sustainability efforts," said Mr. O'Brien.  "Brian has been instrumental in driving high performance and consistent execution in our operations, as well as building an exceptional operations team."

Mr. O'Brien added, "With Gary as Newmont's Chief Operating Officer and Brian leading our sustainability and external affairs efforts, I believe we have added to a strong leadership team, which is already recognized as one of the best in our industry."

About Newmont

Founded in 1921 and publicly traded since 1925, Newmont (www.newmont.com) is one of the largest gold companies in the world.  Headquartered in Colorado, the Company has more than 35,000 employees and contractors, with the majority working at core operations in the United States, Australia, Peru, Indonesia and Ghana.  Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index.  Newmont's industry leading performance is reflected through high standards in environmental management, health and safety for its employees and creating value and opportunity for host communities and shareholders.

SOURCE Newmont Mining Corporation