Exhibit 25.2

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                           ---------------------------

                                    FORM T-1

                            STATEMENT OF ELIGIBILITY
                   UNDER THE TRUST INDENTURE ACT OF 1939 OF A
                    CORPORATION DESIGNATED TO ACT AS TRUSTEE

          Check if an application to determine eligibility of a Trustee
                         pursuant to Section 305 (b)(2)

                            ------------------------

                                 CITIBANK, N.A.
               (Exact name of trustee as specified in its charter)

                                                                 13-5266470
                                                              (I.R.S. employer
                                                             identification no.)

399 Park Avenue, New York, New York                           10043
(Address of principal executive office)                       (Zip Code)

                             -----------------------

NEWMONT MINING CORPORATION                                   NEWMONT USA LIMITED
               (Exact name of obligor as specified in its charter)
DELAWARE                                                                DELAWARE
         (State or other jurisdiction of incorporation or organization)
84-1611629                                                            13-2526632
                     (I.R.S employer identification number)

 1700 Lincoln Street                                       1700 Lincoln Street
Denver, Colorado 80203                                    Denver, Colorado 80203
                    (Address of principal executive offices)

                            -------------------------
                     Subordinated Guaranteed Debt Securities
                       (Title of the indenture securities)
<PAGE>

Item 1.   General Information.

          Furnish the following information as to the trustee:

     (a)  Name and address of each examining or  supervising  authority to which
          it is subject.

          Name                                        Address

          Comptroller of the Currency                 Washington, D.C.

          Federal Reserve Bank of New York            New York, NY
          33 Liberty Street
          New York, NY

          Federal Deposit Insurance Corporation       Washington, D.C.

     (b)  Whether it is authorized to exercise corporate trust powers.

          Yes.

Item 2.   Affiliations with Obligor.

          If the obligor is an  affiliate  of the  trustee,  describe  each such
affiliation.

               None.

Item 16.  List of Exhibits.

          List  below  all  exhibits  filed  as a  part  of  this  Statement  of
Eligibility.

          Exhibits identified in parentheses below, on file with the Commission,
          are incorporated herein by reference as exhibits hereto.

          Exhibit 1 - Copy of Articles of Association of the Trustee,  as now in
          effect. (Exhibit 1 to T-1 to Registration Statement No. 2-79983)

          Exhibit  2 - Copy  of  certificate  of  authority  of the  Trustee  to
          commence  business.  (Exhibit 2 to T-1 to  Registration  Statement No.
          2-29577).

          Exhibit 3 - Copy of authorization of the Trustee to exercise corporate
          trust powers. (Exhibit 3 to T-1 to Registration Statement No. 2-55519)

          Exhibit 4 - Copy of existing By-Laws of the Trustee. (Exhibit 4 to T-1
          to Registration Statement No. 33-34988)

          Exhibit 5 - Not applicable.
<PAGE>

          Exhibit 6 - The consent of the Trustee  required by Section  321(b) of
          the Trust  Indenture  Act of 1939.  (Exhibit 6 to T-1 to  Registration
          Statement No. 33-19227.)

          Exhibit 7 - Copy of the latest  Report of Condition of Citibank,  N.A.
          (as of December 31, 2001 - attached)

          Exhibit 8 - Not applicable.

          Exhibit 9 - Not applicable.

                                -----------------

                                    SIGNATURE

          Pursuant to the  requirements  of the Trust Indenture Act of 1939, the
Trustee,  Citibank,  N.A., a national banking association organized and existing
under the laws of the United States of America,  has duly caused this  statement
of  eligibility  to be signed on its behalf by the  undersigned,  thereunto duly
authorized,  all in The City of New York and State of New York,  on the 23rd day
of April, 2002.

                                CITIBANK, N.A.

                                By /s/John J. Byrnes
                                  ----------------------------------------------
                                  John J. Byrnes
                                  Vice President
<PAGE>
                                                                       Exhibit 7
                                                                       ---------



Charter No. 1461
Comptroller of the Currency
Northeastern District
REPORT OF CONDITION
CONSOLIDATING
DOMESTIC AND FOREIGN
SUBSIDIARIES OF
Citibank, N.A. of New York in the State of New York, at the close of business on
December 31,  2001,  published  in response to call made by  Comptroller  of the
Currency,  under Title 12, United States Code,  Section 161. Charter Number 1461
Comptroller of the Currency Northeastern District.

ASSETS                                                      Thousands of dollars

Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin..............$ 11,056,000
Interest-bearing balances.......................................  19,181,000
Held-to-maturity securities.....................................           0
Available-for-sale securities...................................  47,054,000
Federal funds sold and securities purchased under
  agreements to resell..........................................  14,935,000
Loans and lease financing receivables:
  Loans and leases held for sale................................   4,354,000
  Loans and Leases, net of unearned income...................... 280,455,000
LESS: Allowance for loan and lease losses.......................   5,446,000
                                                                ------------
Loans and leases, net of unearned income, allowance,
  and reserve................................................... 275,009,000
Trading assets..................................................  36,633,000
Premises and fixed assets (including capitalized leases)........   3,920,000
Other real estate owned.........................................     179,000
Investments in unconsolidated subsidiaries and associated
  companies.....................................................     894,000
Customers' liability to this bank on acceptances
  outstanding...................................................   1,314,000
Intangible assets: Goodwill.....................................   5,068,000
Intangible assets: Other intangible assets......................   3,897,000
Other assets....................................................  28,849,000
                                                                ------------
TOTAL ASSETS....................................................$452,343,000
                                                                ============

LIABILITIES
Deposits: In domestic offices...................................$ 98,899,000
Noninterest-bearing.............................................  19,024,000
Interest-bearing................................................  79,875,000
In foreign offices, Edge and Agreement subsidiaries,
  and IBFs...................................................... 208,024,000
Noninterest-bearing.............................................  15,206,000
Interest-bearing................................................ 192,818,000
<PAGE>

Federal funds purchased and securities sold under
  agreements to repurchase......................................  23,278,000
Demand notes issued to the U.S. Treasury........................           0
Trading liabilities.............................................  20,306,000
Other borrowed money (includes mortgage indebtedness and
  obligations under capitalized leases): ss.....................  26,349,000
Bank's liability on acceptances executed and outstanding........   1,314,000
Subordinated notes and debentures...............................  10,700,000
Other liabilities...............................................  25,634,000
                                                                ------------
TOTAL LIABILITIES...............................................$414,504,000
                                                                ------------
Minority interest in consolidated Subsidiaries..................     216,000

EQUITY CAPITAL
Perpetual preferred stock and related surplus...................     350,000
Common stock....................................................     751,000
Surplus.........................................................  18,582,000
Retained Earnings...............................................  19,227,000
Accumulated net gains (losses) on cash flow hedges..............  -1,287,000
Other equity capital components.................................           0
                                                                ------------
TOTAL EQUITY CAPITAL............................................$ 37,623,000
                                                                ------------
TOTAL LIABILITIES AND EQUITY CAPITAL............................$452,343,000
                                                                ============

I, Grace B. Vogel, Vice President of the above-named bank do hereby declare that
this Report of  Condition  is true and correct to the best of my  knowledge  and
belief.
GRACE B. VOGEL, VICE PRESIDENT

We, the  undersigned  directors,  attest to the  correctness  of this  Report of
Condition.  We declare  that it has been  examined by us, and to the best of our
knowledge and belief has been prepared in conformance  with the instructions and
is true and correct.
ALAN S. MACDONALD
WILLIAM R. RHODES
VICTOR J. MENEZES
DIRECTORS