DENVER–(BUSINESS WIRE)–
Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company)
announced that Tom Palmer will succeed Chris Robison as Executive Vice
President and Chief Operating Officer on May 1, 2016. Mr. Robison
reached a decision to retire – concluding a distinguished 36-year career
in the mining industry – after having delivered a step-change in
Newmont’s operational performance that included lowering injury rates by
50 percent, significantly reducing all-in sustaining costs per ounce of
gold, and optimizing the Company’s asset portfolio and project pipeline.

Mr. Palmer joined Newmont in March 2014, bringing 20 years’ leadership
experience at Rio Tinto’s bauxite and alumina, coal, copper and iron ore
businesses to his role. He was initially appointed to lead the Company’s
Indonesian business and less than a year later, promoted to lead the
entire Asia Pacific region, which generates nearly 40 percent of
Newmont’s revenues. Under Mr. Palmer’s leadership, regional operations
delivered significant cost and productivity improvements; reduced total
injury rates by more than 50 percent; and were recognized for leading
diversity and environmental practices.

“Chris Robison has played a leading role in Newmont’s success. His
legacy will include safer and more efficient operations, and a stronger
portfolio and project pipeline,” said Gary Goldberg, President and Chief
Executive Officer. “We need an exceptional leader to take his place and
Tom Palmer fits the bill. He has a long track record of turning
operational performance around – as he did while leading our Asia
Pacific business – and a strong commitment to improving safety and
productivity at our current operations and building the next generation
of profitable Newmont mines.”

Tom Palmer was elected Senior Vice President, Asia Pacific in
February 2015 after serving as Senior Vice President, Indonesia since
March 2014. Prior to this role, he was Chief Operating Officer, Pilbara
Mines at Rio Tinto Iron Ore. His 25-year career includes leadership
roles in Rio Tinto’s bauxite and alumina, coal, copper and iron ore
businesses where he gained extensive experience leading global teams,
and improving safety, profitability, sustainability and diversity. Mr.
Palmer serves on the Board of the Minerals Council of Australia and as
Chair of the Council’s Health and Safety Committee. He earned his Master
of Engineering Science and Bachelor of Engineering degrees from Monash
University in Melbourne, Australia.

Chris Robison was elected Executive Vice President and Chief
Operating Officer in March 2015, having previously served as Executive
Vice President, Operations and Projects since May 2013. Prior to this,
Mr. Robison was Chief Operating Officer for Rio Tinto Minerals, where he
managed a global portfolio of mines, processing and shipping facilities.
His career spans the copper, gold, molybdenum, borates and talc mining
sectors and is distinguished by achievements in improving safety,
productivity, work practices and organizational effectiveness, and in
developing people. He is a member of the Society of Metallurgical
Engineers and serves on the Advisory Board for the University of Nevada,
Mackay School of Mines, where he also earned his Bachelor of Science
degree in Metallurgical Engineering.

Newmont is a leading gold and copper producer. The Company
employs approximately 29,000 employees and contractors, with the
majority working at managed operations in the United States, Australia,
Ghana, Peru, Indonesia and Suriname. Newmont is the only gold producer
listed in the S&P 500 index and was named the mining industry leader by
the Dow Jones Sustainability World Index in 2015. The Company is an
industry leader in value creation, supported by its leading technical,
environmental, social and safety performance. Newmont was founded in
1921 and has been publicly traded since 1925.

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Source: Newmont Mining Corporation