Newmont Announces Board Approval for Akyem Project in Ghana

DENVER, March 24, 2011 /CNW/ -- 
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Newmont Mining Corporation (NYSE: NEM) ('Newmont' or the 'Company') today announced that its Board of Directors approved funding for the Akyem gold project in Ghana. Newmont's board has cleared Akyem through the fourth stage-gate in Newmont's four gate project review process, which roughly equates to 'bankable feasibility' approval.

Additional project information will be provided on our website at www.newmont.com in conjunction with our upcoming Analyst Tour in Ghana on March 31st and Investor Day on April 7th.

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Media, Omar Jabara, 1-303-837-5114, omar.jabara@newmont.com, or Investors, John Seaberg, 1-303-837-5743, john.seaberg@newmont.com, or Karli Anderson, 1-303-837-6049, karli.anderson@newmont.com, or Monica Brisnehan, 1-303-837-5836, monica.brisnehan@newmont.com, all of Newmont Mining Corporation Web Site: http://www.newmont.com