Vincent A. Calarco has been elected non-executive Chairman of the Board of Directors of Newmont Mining, effective January 1, 2008. He succeeds Wayne Murdy as Chairman, who will retire from the Board at the end of the year. Calarco first joined Newmont’s Board in 2000 and currently serves as Chairman of the Corporate Governance and Nominating Committee and a member of the Audit Committee.

“I’ve admired Vince for his independence, integrity and sharp intellect,” said Wayne Murdy, who retired as Chief Executive Officer in June. “I’ve appreciated his insight, CEO experience and guidance and I know Newmont’s management team will benefit from his leadership.”

Calarco was Chairman, President and CEO of Crompton Corp between 1985 and 2004. He is director of Consolidated Edison and served as President of Uniroyal Chemical Co from 1979 to 1985.

“I look forward to working with Vince in his new role as Chairman of our Board of Directors,” said Richard O’Brien, President and CEO. “I am confident that under Vince’s leadership, the Board will continue to provide the strategic direction and oversight necessary to help Newmont become The Gold Company of Choice through industry leading performance. The Board thanks Wayne for his years of distinguished service to the Company, and we wish him the best in retirement.”