exv10w24







Exhibit 10.24




Newmont Mining Corporation

Summary of Executive Compensation




     Set forth below is a summary of the compensation that Newmont Mining Corporation (the
“Company”) pays to its named executive officers (defined in Regulation S-K Item 402(a)(3)) in their
current positions as of the date of the filing of the Company’s Annual Report on Form 10-K for the
year ended December 31, 2008. All of the Company’s executives are at-will employees. The Company’s
Board of Directors has the discretion to change any executive’s compensation and employment status
at any time.


Base Salary. The named executive officers are to receive the following annual base salaries in
their current positions, effective January 1, 2009.




	 	 	 	 	 
	Name and Current Position	 	Base Salary ($)
	Richard T. O’Brien
	 	$	1,000,000	 
	President and Chief Executive Officer
	 	 	 	 
	Russell Ball
	 	$	540,000	 
	Executive Vice President and Chief Financial Officer
	 	 	 	 
	Randy Engel
	 	$	490,000	 
	Executive Vice President, Strategic Development
	 	 	 	 
	Guy Lansdown
	 	$	560,000	 
	Executive Vice President, Development
	 	 	 	 





Short-Term and Long-Term Incentive Compensation. In their current positions, the named executive
officers are eligible to:





	•	 	Participate in Senior Executive Compensation Program (filed as Exhibit
10.18 to this Annual Report on Form 10-K (“Form 10-K”), which includes
award of Financial Performance Shares, a Strategic Objectives Bonus
and Corporate Performance Bonus.
	 
	•	 	Participate in a long-term stock option incentive practice. See Proxy
Statement pursuant to Section 14(a) of Securities Exchange Act of 1934
filed February 28, 2008 (“Proxy Statement”) for description of the
stock option program.





	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Target	 	 	 	 	 	 
	 	 	Financial	 	Maximum	 	Target Corporate	 	 
	 	 	Performance	 	Strategic	 	Performance	 	 
	 	 	Stock	 	Objectives Bonus	 	Bonus (% of	 	Target Stock
	 	 	(% of annual	 	(% of annual base	 	annual base	 	Option Grant
	 	 	base salary)	 	salary )	 	salary)	 	(# options)
	Richard T. O’Brien
	 	 	135	 	 	 	125	 	 	 	62.5	 	 	 	90,000	 
	Russell Ball
	 	 	110	 	 	 	75	 	 	 	37.5	 	 	 	40,000	 
	Randy Engel
	 	 	110	 	 	 	75	 	 	 	37.5	 	 	 	40,000	 
	Guy Lansdown
	 	 	110	 	 	 	75	 	 	 	37.5	 	 	 	40,000	 





Benefit Plans and Other Arrangements. In their current positions, the named executive officers are
eligible to:





	•	 	Participate in the Company’s broad-based benefit programs generally
available to U.S. based salaried employees, including health,
disability, and life insurance programs, qualified 401(k), pension
plan and severance plan. See Proxy Statement for description of
disability benefits, qualified 401(k) plan, pension plan and severance
plan.






	•	 	Participate in Company’s non-qualified savings plan, non-qualified
pension plan, executive change of control plan and officer’s death
benefit plan (filed as Exhibits to this Form 10-K). See Proxy
Statement for description of the nonqualified savings plan,
non-qualified pension plan, executive change of control plan and
officer’s death benefit plan.






	•	 	Receive certain perquisites, including country club or social
membership for the Chief Executive Officer and personal use of
administrative assistant services. See Proxy Statement for description
of such perquisites.