Document:

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                                                                   Exhibit 10(x)

                              CONSULTING AGREEMENT
                          Agreement No. NCL-02-284-CFA

This Consulting Agreement (this "Agreement") is entered into effective as of
April 1, 2002 by and between Newmont Capital Limited, a Nevada corporation, with
offices at 1700 Lincoln Street, Denver, Colorado 80203 ("Newmont"), and Seymour
Schulich, an individual, with a business address of 20 Eglinton Avenue West,
Suite 1900, Box 2005, Toronto, Ontario, Canada M4R 1K8 ("Contractor").

                                    Recitals

A. Contractor currently serves on the Board of Directors of Newmont, in the
position of Chairman of the Board ("Chairman"). In consideration of such
service, Newmont will pay Contractor US$25,000.00 per year, paid quarterly, for
each year that he serves as Chairman.

B. Contractor also currently serves on the Board of Directors of Newmont's
parent company, Newmont Mining Corporation, a Delaware corporation ("NMC"). In
accordance with NMC's director compensation policy, NMC pays Contractor
US$25,000.00 per year for each year that he serves as a director of NMC. Because
of Contractor's status as Chairman of Newmont, Contractor is deemed to be
ineligible to participate in NMC's 2000 Non-Employee Directors Stock Plan (i.e.,
Contractor is not entitled to receive the annual restricted stock award received
by other non-employee directors of NMC or to receive stock options under such
Plan).

C. In addition to the services provided to Newmont by Contractor in his position
as Chairman, Contractor possesses certain other business and financial skills
and experience which may be beneficial to Newmont and, in relation thereto,
Newmont desires to engage Contractor to provide certain consulting services to
Newmont.

D. In light of Newmont's affiliation with NMC, and in order to clearly
distinguish between Contractor's duties and compensation in relation to his
positions as Chairman of Newmont and director of NMC and his duties and
compensation in relation to the consulting services which he will provide for
Newmont, Contractor and Newmont desire to enter into this Agreement.

                                    Agreement

In consideration of the mutual promises and conditions contained in this
Agreement, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

1. TERM

This Agreement shall be effective from April 1, 2002 to March 31, 2005 (the
"Term"), unless terminated earlier under Section 8, below. The Term may only be
extended by a written agreement between the parties.

2. STATEMENT OF SERVICES

A. During the Term, Contractor shall provide general merchant banking advice and
guidance to Newmont and, upon Newmont's request, to certain of Newmont's
affiliates, including but not limited to structuring acquisitions and sales of
properties and equity positions and the development and maintenance of a healthy
treasury (the "Services"). Contractor shall be available to perform the
Services, on an as-requested basis, for approximately 50% of his working time.

B. In performance of the Services, Contractor shall exercise that degree of
care, skill, and judgment

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that is standard in the industry for professionals engaged in the performance of
services of this nature.

C. Contractor shall comply with all applicable laws, statutes, regulations,
decrees, codes, ordinances, resolutions, and other acts of any applicable
governmental authority, including without limitation those pertaining to health,
safety, and the environment, the U.S. Foreign Corrupt Practices Act (which
prohibits the direct or indirect delivery of anything of value to government
officials to secure an improper advantage), and other laws that are applicable
to this Agreement or Contractor's performance of the Services. Contractor shall,
at all times, have applicable visas, work permits, and other documentation
necessary for performance of the Services, and shall comply with all immigration
requirements applicable to Contractor.

3. COMPENSATION FOR SERVICES

A. As compensation for performance of the Services hereunder, Newmont shall pay
Contractor Cdn$1,200,000.00 over the Term, payable in arrears in equal monthly
installments of Cdn$33,333.33. In addition, Newmont may, in its sole discretion,
pay Contractor an annual incentive payment if he generates exceptional profits
through performance of the Services. Nothing in this Agreement shall affect or
limit the payment to Contractor of compensation by Newmont for Contractor's
service as Chairman of Newmont or by NMC for Contractor's service as a director
of NMC.

B. Newmont also shall provide to Contractor, at Newmont's expense: (i) office
space located at 20 Eglinton Avenue West, Suite 1900, Toronto, Ontario, Canada
through the end of the current lease for such space, and the same or alternative
office space, under terms reasonably acceptable to both parties, for any portion
of the Term after which such lease has expired, and (ii) the services of Ann
Brown as assistant/office manager and, in the event of Ms. Brown's resignation
or the termination of Ms. Brown's employment by Newmont for good cause, the
services of a replacement assistant/office manager under terms reasonably
acceptable to both parties.

C. Newmont also shall reimburse Contractor for the actual amount of reasonable
and necessary expenses incurred in the performance of the Services including,
without limitation, Cdn$12,400.00 per year in annual dues for Contractor's
membership in the entrepreneur category of the Canadian Counsel of Chief
Executives. Contractor shall submit an invoice of expenses for payment on a
monthly basis. Such invoice shall contain a reasonable itemization of the
expenses incurred. Copies of receipts, statements, and any other documents that
verify the accuracy of such invoice shall also be included. Newmont shall pay
the invoice within 30 days from the date the invoice is received by Newmont,
excepting any disputed amounts which may be withheld pending resolution of the
dispute.

D. Contractor hereby expressly acknowledges and agrees that the award of this
Agreement to him is in lieu of and replaces the severance compensation, in the
amount of US$750,000.00 ("Severance Compensation"), that would otherwise have
been due to Contractor from Newmont's affiliate, Franco-Nevada Mining
Corporation Limited ("Franco-Nevada"). Contractor hereby forever (1) waives any
and all rights and claims in and for payment of the Severance Compensation by
Newmont, Franco-Nevada, or any other Newmont affiliate; (2) discharges and
releases Newmont, Franco-Nevada, their affiliates, and their respective
officers, directors, employees, and agents (each, a "Releasee") from any and all
liabilities, claims, demands, causes of action, debts, accounts, damages, costs,
losses, and expenses, of any nature whatsoever, that Contractor may have, now or
in the future, relating to the Severance Compensation, and (3) covenants that
Contractor shall not at any time in the future, directly or indirectly, commence
or prosecute any action, suit, or other proceeding against any Releasee relating
to the Severance Compensation.

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4. OWNERSHIP AND SUBMISSION OF INFORMATION AND RECORDS

A. All records, reports, data, and other information, and all copies thereof and
notes related thereto, prepared, generated, researched, developed, compiled, or
obtained from any source whatsoever by or through Contractor in connection with
performance of the Services (the "Data") shall be promptly disclosed to Newmont,
and without further consideration shall become, to the extent legally possible,
the property of Newmont. Upon Newmont's request, Contractor shall promptly
execute and deliver to Newmont any document necessary to transfer legal title in
such property to Newmont.

B. Within 15 days after expiration or termination of this Agreement, Contractor
shall submit all Data to Newmont without retaining any copies thereof, unless
written approval to retain copies has been given by Newmont to Contractor.

5. NONDISCLOSURE/NON-USE

Contractor shall not disclose to third parties or use for purposes other than
performing the Services, any Data or any other information that relates to the
technical, legal, or business affairs or activities of Newmont or its affiliates
which was obtained by or on behalf of Contractor in connection with the
performance of the Services (collectively, "Confidential Information"), without
the prior written consent of Newmont, unless said information:

     (a) is, or shall have been, in the possession of Contractor and not subject
to a confidentiality obligation prior to Contractor's acquisition thereof in
connection with the performance of the Services;

     (b) through no act or omission of Contractor, becomes published or
otherwise available to the public under circumstances such that the public may
utilize the same without any direct or indirect confidentiality obligation to
Newmont or its affiliates; or

     (c) is acquired by Contractor from any third party rightfully in possession
of the same and having no direct or indirect confidentiality obligation to
Newmont or its affiliates with respect to the same.

Contractor acknowledges that the Confidential Information is an important asset
of Newmont and/or its affiliates and that there is not an adequate remedy at law
for a breach by Contractor of this Section and Newmont and/or its affiliates
will suffer irreparable harm as a result of such a breach. Therefore, Contractor
agrees that Newmont and/or its affiliates shall be entitled to equitable relief,
including temporary and permanent injunctive relief without the obligation of
posting a bond (cash or otherwise), in the event of actual or threatened
unauthorized disclosure or use of Confidential Information in breach of this
Section.

This Section shall survive the expiration or termination of this Agreement.

6. STATUS OF CONTRACTOR; TAXES

A. Contractor shall perform the Services as an independent contractor in
accordance with Contractor's own methods, the terms of this Agreement, and
applicable laws and regulations. It is a condition of this Agreement that
Contractor will not have any employee, agent, worker, servant, subcontractor, or
representative in connection with provision of the Services. Contractor shall
not be deemed, for any purpose, to be an employee of Newmont as a result of or
in connection with his performance of the Services; however, Contractor shall
have such authority to act as agent and representative of Newmont and NMC as may
be delegated to him from time to time by the Managing Director of Newmont, with
respect to Newmont, or by the President or Chief Executive Officer of NMC, with
respect to NMC. Contractor shall not be eligible for any retirement plan,
insurance program, or any other employee or social benefits provided to
employees of Newmont ("Employee Benefits") other than those provided to him in
respect of his service as a director of NMC. Contractor acknowledges and agrees
that (1) Contractor shall not be eligible for any such Employee Benefits even if
Contractor is

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reclassified by a court or government agency as a common law employee of Newmont
or a Newmont affiliate, (2) the compensation payable to Contractor pursuant to
this Agreement has been negotiated between Newmont and Contractor on the
understanding and agreement that Contractor will not be eligible to participate
in or receive any Employee Benefits, and (3) if Contractor should receive any
Employee Benefits, Contractor shall hold all such amounts in trust for and on
behalf of Newmont and shall reimburse Newmont as restitution for the value of
any such Employee Benefits that Contractor may receive. CONTRACTOR SHALL NOT BE
ENTITLED TO ANY BENEFITS ON ACCOUNT OF OCCUPATIONAL ACCIDENTS NOR TO ANY OTHER
WORKERS' COMPENSATION, LABOR RIGHTS BENEFITS, OR SIMILAR BENEFITS PROVIDED BY
NEWMONT TO ITS EMPLOYEES. It is not the intent of the parties to create, nor
shall this Agreement be construed as creating, a partnership, joint venture,
employment relationship, agency relationship, or association, or to render the
parties liable as partners, co-venturers, or principals.

B. CONTRACTOR SHALL BE RESPONSIBLE FOR ALL INCOME AND OTHER TAXES LEVIED UPON
THE REMUNERATIONS EARNED HEREUNDER. For purposes of the foregoing sentence,
Contractor hereby accepts any and all withholdings that Newmont may be obliged
to make, pursuant to applicable laws, from payments to Contractor as
compensation for the Services. Contractor represents that Contractor is fully
aware of the applicable tax regulations currently in force and undertakes to
comply with the same, and accepts that if during the Term such tax regulations
are amended, complemented, or substituted, Contractor shall comply with the new
provisions so enacted.

7. INDEMNITY

Contractor shall indemnify, defend, and hold harmless Newmont, its affiliates,
and their respective directors, officers, employees, representatives, and
agents, against and from any and all losses, claims, orders, prosecutions,
charges, debts, actions, suits (including costs and reasonable lawyer's fees and
disbursements), and damages to the extent the same arise out of or are in any
way connected with or materially contributed to by Contractor's breach of this
Agreement or Contractor's negligence or willful misconduct. Neither Newmont nor
Contractor shall be liable to the other for any loss of or damage to property
resulting from or occurring in the course of the Services to the extent that
reimbursement shall be made for any such loss or damage through or by reason of
insurance provided for that purpose. This Section 7.B. shall survive the
expiration or termination of this Agreement.

8. TERMINATION

Newmont may terminate this Agreement by giving written notice of termination to
Contractor. Upon receipt of such notice, Contractor shall stop all work on the
date specified in the notice. Newmont shall pay Contractor for Services
performed and expenses incurred to the date of such termination, subject to
Section 3, and for all compensation which would have been due through the end of
the Term, pursuant to Section 3.A., above, had Newmont not so terminated this
Agreement. Newmont shall not be liable to pay any bonus, damage, or other claim
asserted by Contractor for Contractor's expected profit on the incomplete
portion of the Services.

9. NO ASSIGNMENT

This Agreement is a contract for Contractor's unique services and, therefore,
Contractor may not assign or subcontract this Agreement to any third party
without the prior written consent of Newmont.

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10. ENTIRE AGREEMENT; SEVERABILITY

This Agreement constitutes the complete and entire agreement and understanding
between the parties with respect to the subject matter hereof and supersedes,
merges, and voids all negotiations, prior discussions, and prior agreements and
understandings, whether written or oral, relating to the subject matter hereof.
This Agreement may not be altered or amended except by a written document
executed by each party. Should any clause or provision of this Agreement be held
or deemed unenforceable or illegal by any court or other final authority, the
remaining clauses and provisions of this Agreement shall survive and be fully
enforceable as if the unenforceable or illegal provision was never included
herein.

11. FORCE MAJEURE

Neither Newmont nor Contractor shall be considered in breach of its obligations
hereunder to the extent that performance or the need for performance is delayed
or prevented by any circumstance beyond such party's reasonable control,
including but not limited to an act of God or a public enemy, fire, flood,
area-wide strike, freight embargo, or unusually severe weather; provided that
the party claiming force majeure shall, within 10 days from the beginning of
such event, notify the other party in writing of the fact of the event and its
probable effect on performance. A force majeure event shall not be a basis for a
claim for additional compensation, and each party shall bear its own costs and
expenses associated with or caused by such an event. The party claiming force
majeure shall take reasonable measures to mitigate the potential impact of the
force majeure event on performance of obligations created by this Agreement.

12. SURVIVAL

In addition to those provisions which expressly state that they shall survive
the expiration or termination of this Agreement, any other provision which, by
its general terms, may be reasonably interpreted as being intended to survive,
shall also survive the expiration or termination of this Agreement.

13. NOTICE

All notices and other required communications under this Agreement ("Notices")
shall be in writing, and shall be sent to a party at the address set forth below
such party's signature block below. A party may change its address by sending
Notice to the other party of the new address. Notices shall be given: (a) by
personal delivery to the other party; (b) by facsimile, with a confirmation sent
by registered or certified mail, return receipt requested; (c) by registered or
certified mail, return receipt requested; or (d) by express courier (e.g. DHL,
Federal Express, etc.). Notices shall be effective and shall be deemed
delivered: (i) if by personal delivery, on the date of the personal delivery;
(ii) if by facsimile, on the date stated in the electronic confirmation,
delivered during normal business hours (8:00 a.m. to 5:00 p.m. at recipient's
location), and, if not delivered during normal business hours, on the next
business day following delivery; (iii) if solely by mail, on the date of receipt
as stated on the return receipt; or (iv) if by express courier, on the date
signed for or rejected as reflected in the courier's delivery log.

14. GOVERNING LAW; ARBITRATION

This Agreement shall be governed by and interpreted in accordance with the laws
of the Province of Ontario and the federal laws of Canada applicable therein.

Any controversy or claim arising out of or relating to this Agreement shall be
determined solely by binding arbitration conducted in accordance with the
International Commercial Arbitration Act of Ontario (the "Ontario Act"). The
arbitration shall be conducted by a single arbitrator mutually acceptable to the
parties (the "Arbitrator"), who shall be designated by the parties within 30
days of the delivery of the first written notice required to be given pursuant
to the Ontario Act. If the parties fail to so designate the Arbitrator within
such time period, the Arbitrator shall be selected in accordance with the
Ontario Act governing such situation. The place of arbitration shall be Toronto,
Ontario, Canada. The arbitration shall be conducted

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in the English language and all documents shall be submitted in English. The
parties hereby submit to the jurisdiction of the courts in the Province of
Ontario, Canada, solely for the purpose of enforcing the decision of the
Arbitrator.

15. LANGUAGE OF DOCUMENTATION

The parties hereto have required that this Agreement, all Confirmations, and all
documents or notices related thereto or resulting therefrom be drawn in the
English language only. Les parties aux presentes ont exiges que la presente
convention ainsi que toutes les Confirmations et tous les documents et avis qui
s'y rattachent et lou on decoulent soient rediges en langue anglaise seulement.

This Agreement is executed as of this __ day of December, 2002, intended to be
effective however as of the day and year first above written.

NEWMONT CAPITAL LIMITED

By: /s/ Britt D. Banks                        /s/ Seymour Schulich
   -------------------------------            ----------------------------------
Name:  Britt D. Banks                             Seymour Schulich
     -----------------------------
Title:  Vice President
      ----------------------------            Tax I.D. No.:
                                                           ---------------------
Address for Notice Purposes:                  Address for Notice Purposes:

Newmont Capital Limited
20 Eglinton Avenue West
Suite 1900, Box 2005
Toronto, Ontario, Canada  M4R 1K8
Attn:  Legal Department
Fax Number:  (416) 488-6598

With a copy of Notice to:

Newmont Capital Limited
1700 Lincoln Street - 28th Floor
Denver, Colorado 80203
Attn: Legal Department
Fax Number: (303) 837-6007

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                                                                   Exhibit 10(y)

                              CONSULTING AGREEMENT
                          Agreement No. NISL-02-240-CA

This Consulting Agreement (this "Agreement") is entered into and effective as of
the 16th day of May, 2002 (the "Effective Date") by and between Newmont
International Services Limited, a Delaware corporation, with offices at 1700
Lincoln Street - Suite 2800, Denver, Colorado 80203 ("Newmont"), and Ronald C.
Cambre, an individual with a residential address of 53 Natchez St., P.O. Box
4701, Santa Rosa Beach, Florida 32459 ("Contractor").

In consideration of the mutual promises and conditions contained in this
Agreement, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

1. TERM

This Agreement shall be effective from May 16, 2002 to December 31, 2002 (the
"Term"), unless terminated earlier under Section 8, below. The Term may only be
extended by a written agreement between the parties.

2. STATEMENT OF SERVICES

A. During the Term, Contractor shall provide the following services to Newmont
and, upon Newmont's request, to certain of Newmont's affiliates: provide general
mining industry advice and guidance and act as liaison with and hold positions
on the boards of various mining industry associations ("Associations"),
including but not limited to maintaining his position as Chairperson of the
National Mining Association (the "Services").

B. In performance of the Services, Contractor shall exercise that degree of
care, skill, and judgment that is standard in the United States industry for
professional Contractors engaged in the performance of services of this nature.

C. Contractor shall comply with all applicable laws, regulations, decrees,
codes, ordinances, resolutions, and other acts of any applicable governmental
authority, including without limitation federal, state, county, and local labor
laws (such as the Fair Labor Standards Act of 1938, as amended), tax laws, laws
addressing the preservation of health, safety, and the environment, the U.S.
Foreign Corrupt Practices Act (which prohibits the direct or indirect delivery
of anything of value to government officials to secure an improper advantage),
and other laws that are applicable to this Agreement or Contractor's performance
of the Services. Contractor shall, at all times, have applicable visas, work
permits, and other documentation necessary for performance of the Services, and
shall comply with all immigration requirements applicable to Contractor.

D. This Agreement does not preclude Contractor from undertaking work of this
general nature for others.

3. COMPENSATION FOR SERVICES

A. Newmont shall pay Contractor U.S.$100,000 for the initial Term, payable in
arrears in eight equal monthly installments of U.S.$12,500, with the first
payment due and payable on May 31, 2002.

B. Newmont also shall reimburse Contractor for the actual amount of reasonable
and necessary expenses incurred in the performance of the Services. Contractor
shall submit an invoice of expenses for payment on a monthly basis. Such invoice
shall contain a reasonable itemization of the expenses incurred. Copies of
receipts, statements, and any other documents that verify the accuracy of such

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invoice shall also be included. Newmont shall pay the invoice within 30 days
from the date the invoice is received by Newmont, excepting any disputed amounts
which may be withheld pending resolution of the dispute.

4. OWNERSHIP AND SUBMISSION OF INFORMATION AND RECORDS

A. All records, reports, data, and other information, and all copies thereof and
notes related thereto, prepared, generated, researched, developed, compiled, or
obtained from any source whatsoever by or through Contractor in connection with
performance of the Services (the "Data") shall be promptly disclosed to Newmont,
and without further consideration shall become, to the extent legally possible,
the property of Newmont. Upon Newmont's request, Contractor shall promptly
execute and deliver to Newmont any document necessary to transfer legal title in
such property to Newmont.

B. Within 15 days after expiration or termination of this Agreement, Contractor
shall submit all Data to Newmont without retaining any copies thereof, unless
written approval to retain copies has been given by Newmont to Contractor.

5. NONDISCLOSURE/NON-USE

Contractor shall not disclose to third parties or use for purposes other than
performing the Services, any Data or any other information that relates to the
technical, legal, or business affairs or activities of Newmont or its affiliates
which was obtained by or on behalf of Contractor in connection with the
performance of the Services (collectively, "Confidential Information"), without
the prior written consent of Newmont, unless said information:

     (a) is, or shall have been, in the possession of Contractor and not subject
to a confidentiality obligation prior to Contractor's acquisition thereof in
connection with the performance of the Services;

     (b) through no act or omission of Contractor, becomes published or
otherwise available to the public under circumstances such that the public may
utilize the same without any direct or indirect confidentiality obligation to
Newmont or its affiliates; or

     (c) is acquired by Contractor from any third party rightfully in possession
of the same and having no direct or indirect confidentiality obligation to
Newmont or its affiliates with respect to the same.

Contractor acknowledges that the Confidential Information is an important asset
of Newmont and/or its affiliates and that there is not an adequate remedy at law
for a breach by Contractor of this Section and Newmont and/or its affiliates
will suffer irreparable harm as a result of such a breach. Therefore, Contractor
agrees that Newmont and/or its affiliates shall be entitled to equitable relief,
including temporary and permanent injunctive relief without the obligation of
posting a bond (cash or otherwise), in the event of actual or threatened
unauthorized disclosure or use of Confidential Information in breach of this
Section.

This Section shall survive the expiration or termination of this Agreement.

6. STATUS OF CONTRACTOR

Contractor shall perform the Services as an independent contractor in accordance
with Contractor's own methods, the terms of this Agreement, and applicable laws
and regulations. It is a condition of this Agreement that Contractor will not
have any employee, agent, worker, subcontractor, or representative during the
Term. Contractor shall not be deemed, for any purpose, to be an employee, agent,
servant, worker, or representative of Newmont and shall not have authority to
enter into agreements on behalf of Newmont. Except as specifically set forth
herein, this Agreement and the Services performed hereunder shall not make
Contractor eligible for any retirement plan, insurance program, or any other
employee or social benefits provided to employees of Newmont. CONTRACTOR IS NOT
ENTITLED TO ANY BENEFITS ON ACCOUNT OF OCCUPATIONAL ACCIDENTS NOR TO ANY OTHER
WORKERS'

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COMPENSATION, LABOR RIGHTS BENEFITS, OR SIMILAR BENEFITS PROVIDED BY NEWMONT TO
ITS EMPLOYEES. CONTRACTOR SHALL PAY ALL FEDERAL AND STATE INCOME TAX ON MONIES
EARNED PURSUANT TO THIS AGREEMENT. It is not the intent of the parties to
create, nor shall this Agreement be construed as creating, a partnership, joint
venture, employment relationship, agency relationship, or association, or to
render the parties liable as partners, co-venturers, or principals.

7. INSURANCE; INDEMNITY

A. Newmont shall provide and maintain, at Newmont's expense, directors and
officers liability insurance coverage for the period of calendar year 2002, in
amounts and with such coverage as it generally provides for its senior
executives, providing coverage for Contractor in his capacity as director and/or
officer of the Associations on which he serves at Newmont's request pursuant to
this Agreement.

B. To the fullest extent permitted by the indemnification provisions of
Newmont's articles of incorporation and bylaws in effect as of the Effective
Date and the indemnification provisions of the corporation statute of the
jurisdiction of Newmont's incorporation in effect from time to time
(collectively, the "Indemnification Provisions"), and in each case subject to
the conditions thereof, Newmont shall (i) indemnify Contractor, as a director or
officer of any Association on which he serves, at any time during calendar year
2002, at Newmont's request ("Company Positions"), against all liabilities and
reasonable expenses that may be incurred by Contractor in any threatened,
pending, or completed action, suit, or proceeding, whether civil, criminal,
administrative, or investigative, and whether formal or informal, because
Contractor does or did hold any Company Position and against which Contractor
legally may be indemnified by Newmont, and (ii) pay for or reimburse the
reasonable expenses incurred by Contractor in the defense of any proceeding to
which Contractor is a party because Contractor does or did hold any Company
Position. The rights of Contractor under the Indemnification Provisions shall
survive the expiration or termination of this Agreement. The foregoing provision
shall in no way reduce or otherwise alter the insurance coverages provided for
Contractor by Newmont or any of its affiliates, for periods of time prior to the
Effective Date, for Contractor's activities as a director, officer, and/or
employee of Newmont and/or such affiliates.

C. Contractor shall indemnify, defend, and hold harmless Newmont, its
affiliates, and their respective directors, officers, employees, and agents,
against and from any and all losses, claims, actions, suits (including costs and
reasonable attorneys fees), and damages to the extent the same arise out of or
are in any way connected with Contractor's negligence or willful misconduct.
Neither Newmont nor Contractor shall be liable to the other for any loss of or
damage to property resulting from or occurring in the course of the Services to
the extent that reimbursement shall be made for any such loss or damage through
or by reason of insurance provided for that purpose. This Section 7.C. shall
survive the expiration or termination of this Agreement.

8. TERMINATION

A. Newmont may terminate this Agreement by giving written notice of termination
to Contractor. Upon receipt of such notice, Contractor shall stop all work on
the date specified in the notice. Subject to the provisions of Section 3, above,
Newmont shall pay Contractor for Services performed and expenses incurred to the
date of such termination and for all compensation which would have been due to
Contractor through the end of the Term had Newmont not so terminated this
Agreement.

B. Contractor may terminate this Agreement by giving written notice of
termination to Newmont. Contractor shall stop all work on the date specified in
the notice. Subject to the provisions of Section 3, above, Newmont shall pay
Contractor for Services performed and expenses incurred to the date of such
termination. Contractor waives and shall forfeit all additional compensation
which would have been due to Contractor through the end of the Term had
Contractor not so terminated this Agreement.

C. In the event of any termination, Newmont shall not be liable to pay any
bonus, damage, or other claim asserted by Contractor for Contractor's expected
profit on the incomplete portion of the Services.

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9. NO ASSIGNMENT

This Agreement is a contract for Contractor's unique services and, therefore,
Contractor may not assign or subcontract this Agreement to any third party
without the prior written consent of Newmont.

10. ENTIRE AGREEMENT; SEVERABILITY

This Agreement constitutes the complete and entire agreement and understanding
between the parties with respect to the subject matter hereof and supersedes,
merges, and voids all negotiations, prior discussions, and prior agreements and
understandings, whether written or oral, relating to the subject matter hereof.
This Agreement may not be altered or amended except by a written document
executed by each party. Should any clause or provision of this Agreement be held
or deemed unenforceable or illegal by any court or other final authority, the
remaining clauses and provisions of this Agreement shall survive and be fully
enforceable as if the unenforceable or illegal provision was never included
herein.

11. FORCE MAJEURE

Neither Newmont nor Contractor shall be considered in breach of its obligations
hereunder to the extent that performance or the need for performance is delayed
or prevented by any circumstance beyond such party's reasonable control,
including but not limited to an act of God or a public enemy, fire, flood,
area-wide strike, freight embargo, or unusually severe weather; provided that
the party claiming force majeure shall, within 10 days from the beginning of
such event, notify the other party in writing of the fact of the event and its
probable effect on performance. A force majeure event shall not be a basis for a
claim for additional compensation, and each party shall bear its own costs and
expenses associated with or caused by such an event. The party claiming force
majeure shall take reasonable measures to mitigate the potential impact of the
force majeure event on performance of obligations created by this Agreement.

12. SURVIVAL

In addition to those provisions which expressly state that they shall survive
the expiration or termination of this Agreement, any other provision which, by
its general terms, may be reasonably interpreted as being intended to survive,
shall also survive the expiration or termination of this Agreement.

13. NOTICE

All notices and other required communications under this Agreement ("Notices")
shall be in writing, and shall be sent to a party at the address set forth below
such party's signature block below. A party may change its address by sending
Notice to the other party of the new address. Notices shall be given: (a) by
personal delivery to the other party; (b) by facsimile, with a confirmation sent
by registered or certified mail, return receipt requested; (c) by registered or
certified mail, return receipt requested; or (d) by express courier (e.g. DHL,
Federal Express, etc.). Notices shall be effective and shall be deemed
delivered: (i) if by personal delivery, on the date of the personal delivery;
(ii) if by facsimile, on the date stated in the electronic confirmation,
delivered during normal business hours (8:00 a.m. to 5:00 p.m. at recipient's
location), and, if not delivered during normal business hours, on the next
business day following delivery; (iii) if solely by mail, on the date of receipt
as stated on the return receipt; or (iv) if by express courier, on the date
signed for or rejected as reflected in the courier's delivery log.

14. GOVERNING LAW

This Agreement shall be governed by and interpreted in accordance with the laws
of the State of Colorado, excepting Colorado law pertaining to choice of law or
conflicts of law. The parties hereby submit to the jurisdiction of the state and
federal courts in the state of Colorado and agree that the state and federal
courts in the state of Colorado shall be the exclusive forum for the resolution
of any disputes related to, arising out of, or arising under this Agreement,
whether based in tort, contract, or other legal theory.

                                                                          Page 4

<PAGE>

     This Agreement is executed as of this 25th day of May, 2002, intended to be
effective, however, as of the Effective Date.

NEWMONT INTERNATIONAL SERVICES LIMITED

By:    /s/ Britt D. Banks                     /s/ Ronald C. Cambre
   ---------------------------------          ----------------------------------
Name:  Britt D. Banks                         Ronald C. Cambre
Title:  Vice President and Secretary          Tax I.D. No.:

Address for Notice Purposes:                  Address for Notice Purposes:

Newmont International Services Limited
1700 Lincoln Street - 28th Floor
Denver, Colorado  80203
Attn:  Chief Executive Officer
Fax Number:  (303) 837-6100

With a copy of Notice to:

Newmont International Services Limited
1700 Lincoln Street - 28th Floor
Denver, Colorado 80203
Attn: Legal Department
Fax Number: (303) 837-6007

                                                                          Page 5

Individual - Colorado
Consulting Agreement
Version1(9/01)

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