Document:

Ex_1023

		
			Exhibit 10.23
		

		
			NEWMONT MINING CORPORATION
		

		
			2013 Stock Incentive Plan
		

		
			Global 2018 DIRECTOR STOCK UNIT Award AGREEMENT
		

		
			This Director Stock Unit Agreement, including any country specific terms and conditions set forth in any appendix hereto (“Agreement”), is dated as of April 26, 2018, between Newmont Mining Corporation, a Delaware corporation (“Newmont”), and                        (“Director”).
		

		
			WITNESSETH:
		

		
			WHEREAS, Director is a director of Newmont; and
		

		
			WHEREAS, in recognition of the Director’s service as a director of Newmont rendered and to be rendered during the 2018 calendar year, the Board of Directors, the Leadership Development and Compensation Committee and the Corporate Governance and Nominating Committee (“Newmont Committee”) has awarded Director, pursuant to the terms and conditions of this Agreement and those of the Newmont Mining Corporation 2013 Stock Incentive Plan (“Plan”), the number of Director Stock Units (“DSUs”) specified below. Each DSU represents a right to receive a share of Newmont Common Stock (“Common Stock”) (rounded down to the nearest whole share), subject to the conditions and restrictions set for in this Agreement and the Plan. Capitalized terms used but not defined herein shall have the meanings given such terms in the Plan.  
		

		
			NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, receipt of which is hereby acknowledged, Newmont hereby documents such award to Director of              DSUs and, in connection with such award, Newmont and Director hereby agree as follows:
		

		
			AGREEMENT:
		

			
	
			
				 1.
			Immediate Vesting.  The DSUs are immediately fully vested and nonforfeitable.

			
	
			
				 2.
			No Ownership Rights Prior to Issuance of Common Stock.  Director shall not have any rights as a stockholder of Newmont with respect to the shares of Common Stock underlying the DSUs, including but not limited to the right to vote with respect to such shares of Common Stock, until and after such shares of Common Stock have been actually issued to Director and transferred on the books and records of Newmont; provided, however, that each DSU shall accrue Dividend Equivalents during the period from the date of this Agreement until the date such shares are delivered in accordance with Section 3, payable in cash at the time specified in Section 3 below.

			
	
			
				 3.
			Delivery of Shares of Common Stock.  Within thirty (30) days following the date of Director’s retirement from the Board, Newmont shall cause to be delivered to Director the full number of shares of Common Stock underlying the DSUs, together with all accrued Dividend 

		 

 

		

			 

		

	Equivalents, subject to satisfaction of any applicable tax withholding pursuant to Section 5 hereof and Section 18 of the Plan.  For purposes of this Agreement, “retirement” from the Board means separation from service (as a director, employee and all other service provider relationships) with Newmont and the Affiliates under any circumstances, including due to death.

			
	
			
				 4.
			Nature of Grant.  Director acknowledges receipt of and understands and agrees to the terms of the DSUs awarded hereunder and the Plan.  In addition to the above terms, Director understands and agrees to the following: 

			
	
			
				 (a)
			Director hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all of the terms and provisions thereof, including the terms and provisions adopted after the date of this Agreement but prior to the distribution of Common Stock underlying the DSUs.  If and to the extent that any provision contained in this Agreement is inconsistent with the Plan, the Plan shall govern.

			
	
			
				 (b)
			Director acknowledges that this Agreement and the Plan set forth the entire understanding between Director and Newmont regarding the DSUs and the shares of Common Stock underlying the DSUs and supersedes any prior oral and written agreements pertaining to the DSUs and/or such shares.

			
	
			
				 (c)
			The Plan is established voluntarily by Newmont, it is discretionary in nature, and it may be modified, amended, suspended or terminated by Newmont at any time as set forth in the Plan.

			
	
			
				 (d)
			All decisions with respect to future DSU grants, if any, will be at the sole discretion of Newmont. 

			
	
			
				 (e)
			Director acknowledges that the Director’s acceptance of the DSUs, including the terms and conditions herein, is voluntary.

			
	
			
				 (f)
			The future value of the underlying shares of Common Stock is unknown, indeterminable and cannot be predicted with certainty.

			
	
			
				 (g)
			Director acknowledges and understands the DSU grant and Director’s participation in the Plan shall not create a right to employment or service or be interpreted as forming or amending an employment or service contract with Newmont or any Affiliate. 

			
	
			
				 (h)
			The DSUs and the shares of Common Stock subject to the DSUs, and the income and value of same, are not intended to replace pension rights, if any.

			
	
			
				 (i)
			For Directors who reside outside the U.S., Director acknowledges and agrees that neither Newmont, nor any Affiliate shall be liable for any foreign exchange rate fluctuation between Director’s local currency and the United States Dollar that may affect the value of the DSUs or of any amounts due to Director pursuant to the vesting of the DSUs or the subsequent sale of any shares of Common Stock acquired at vesting.

			
	
			
				 5.
			Withholding Taxes.    Director acknowledges that, regardless of any action Newmont takes with respect to any or all income tax, social insurance, fringe benefits tax, payroll tax, payment on account or other tax-related items related to Director’s participation in the Plan 

		
			
		

		
			

		 

		

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			and legally applicable to Director (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains Director’s responsibility and may exceed the amount actually withheld by Newmont, if any.  Director further acknowledges that Newmont (i) makes no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the DSUs, including, without limitation, the grant, vesting or settlement of the DSUs, the issuance of Shares, the subsequent sale of shares of Common Stock acquired pursuant to such issuance, and the receipt of any dividends and/or Dividend Equivalents; and (ii) does not commit to and are under no obligation to structure the terms of the grant or any aspect of the DSUs to reduce or eliminate Director’s liability for Tax-Related Items or achieve any particular tax result.  Further, Director acknowledges that if Director is subject to tax in more than one jurisdiction, Newmont may be required to withhold or account for Tax-Related Items in more than one jurisdiction.
		

		
			Prior to any relevant taxable or tax withholding event, as applicable, Director agrees to make adequate arrangements satisfactory to Newmont to satisfy all Tax-Related Items.  In this regard, Director authorizes Newmont or its agent to satisfy any applicable withholding obligations with regard to all Tax-Related Items by withholding in shares of Common Stock to be issued upon settlement of the DSU.  In the event that such withholding in shares of Common Stock is problematic under applicable tax or securities law or has materially adverse accounting consequences, by Director’s acceptance of the DSU, he or she authorizes and directs Newmont to withhold from his or her wages or other cash compensation paid to Director by Newmont to satisfy any applicable withholding obligations for Tax-Related Items.
		

		
			Depending on the withholding method, Newmont may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates, including maximum applicable rates to the extent permitted by the Plan, in which case Director may receive a refund of any over-withheld amount in cash and will have no entitlement to the equivalent in Common Stock.  If the obligation for Tax-Related Items is satisfied by withholding in shares of Common Stock, for tax purposes, Director is deemed to have been issued the full number of shares of Common Stock subject to the vested DSU, notwithstanding that a number of the shares of Common Stock are held back solely for the purpose of paying the Tax-Related Items.
		

		
			Finally, Director agrees to pay to Newmont, including through withholding from cash compensation paid to him or her by Newmont, any amount of Tax-Related Items that Newmont may be required to withhold or account for as a result of his or her participation in the Plan that cannot be satisfied by the means previously described.  Newmont may refuse to issue or deliver the shares or the proceeds of the sale of shares of Common Stock, if Director fails to comply with any obligations in connection with the Tax-Related Items.
		

			
	
			
				 6.
			Privacy Information and Consent.  Newmont headquarters is located at 6363 South Fiddler’s Green Circle, Suite 800, Greenwood Village, Colorado 80111 U.S.A., and grants awards to employees of Newmont and its Subsidiaries, at Newmont’s sole discretion. If Director would like to participate in the Plan, please review the following information about Newmont’s data processing practices and declare Director’s consent.

			
	
			
				 (a)
			Data Collection and Usage. Newmont collects, processes and uses personal data of Directors, including name, home address and telephone number, date of birth, social insurance number or other identification number, salary, citizenship, job title, any shares 

		 

		

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	of Common Stock or directorships held in Newmont, and details of all awards or other entitlements to shares of Common Stock, granted, canceled, exercised, vested, unvested or outstanding in Director’s favor, which Newmont receives from Director. If Newmont offers Director an award under the Plan, then Newmont will collect Director’s personal data for purposes of allocating stock and implementing, administering and managing the Plan. Newmont’s legal basis for the processing of Director’s personal data would be his or her consent. 

			
	
			
				 (b)
			Stock Plan Administration Service Providers. Newmont transfers data to Fidelity Investments, an independent service provider based in the United States, which assists Newmont with the implementation, administration and management of the Plan. In the future, Newmont may select a different service provider and share Director’s data with another company that serves in a similar manner. Newmont’s service provider will open an account for Director to receive shares of Common Stock. Director will be asked to agree on separate terms and data processing practices with the service provider, which is a condition to Director’s ability to participate in the Plan. 

			
	
			
				 (c)
			International Data Transfers. Newmont and its service providers are based in the United States. If Director is outside the United States, Director should note that his or her country has enacted data privacy laws that are different from the United States. Newmont’s legal basis for the transfer of Director’s personal data is his or her consent. 

			
	
			
				 (d)
			Data Retention. Newmont will use Director’s data only as long as is necessary to implement, administer and manage Director’s participation in the Plan or as required to comply with legal or regulatory obligations, including under tax and security laws. When Newmont no longer needs Director’s personal data, which will generally be seven (7) years after Director is granted awards under the Plan, Newmont will remove it from its systems. If Newmont keeps the data longer, it would be to satisfy legal or regulatory obligations and Newmont’s legal basis would be relevant laws or regulations. 

			
	
			
				 (e)
			Voluntariness and Consequences of Denial or Withdrawal. Director’s participation in the Plan and Director’s grant of consent is purely voluntary. Director may deny or withdraw his or her consent at any time. If Director does not consent, or if Director withdraws his or her consent, Director cannot participate in the Plan. This would not affect Director’s career; Director would merely forfeit the opportunities associated with the Plan. 

			
	
			
				 (f)
			Data Subject Rights. Director has a number of rights under data privacy laws in his or her country. Depending on where Director is based, Director’s rights may include the right to (i) request access or copies of personal data Newmont processes, (ii) rectification of incorrect data, (iii) deletion of data, (iv) restrictions on processing, (v) portability of data, (vi) to lodge complaints with the competent tax authorities in Director’s country, and/or (vii) a list with the names and addresses of any potential recipients of Director’s personal data. To receive clarification regarding Director’s rights or to exercise Director’s rights please contact Newmont at Newmont Mining Corporation, 6363 South Fiddler’s Green Circle, Suite 800, Greenwood Village, Colorado 80111 U.S.A., attention: Director of Compensation, Newmont Corporate. 

		
			If Director agrees with the data processing practices as described in this notice, please declare Director’s consent by clicking “Accept” on the online award acceptance page.
		

		
			

		 

		

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				 7.
			Miscellaneous

			
	
			
				 (a)
			No Right to Continued Service.  Neither the DSUs nor any terms contained in this Agreement shall confer upon Director any express or implied right to be retained in the service of Newmont or any Affiliate for any period at all, nor restrict in any way the right of Newmont or any Affiliate, which right is hereby expressly reserved, to terminate his or her service at any time with or without cause, subject to applicable law and the applicable provisions of Newmont’s Certificate of Incorporation and By-laws.  

			
	
			
				 (b)
			Compliance with Laws and Regulations.  The award of the DSUs to Director and the obligation of Newmont to deliver shares of Common Stock hereunder shall be subject to (a) all applicable federal, state, local and non-United States laws, rules and regulations, and (b) any registration, qualification, approvals or other requirements imposed by any government or regulatory agency or body which the Newmont Committee shall, in its sole discretion, determine to be necessary or applicable.  Moreover, shares of Common Stock shall not be delivered hereunder if such delivery would be contrary to applicable law or the rules of any stock exchange.

			
	
			
				 (c)
			Investment Representation.  If at the time of delivery of shares of Common Stock, the Common Stock is not registered under the Securities Act of 1933, as amended (the “Securities Act”), and/or there is no current prospectus in effect under the Securities Act with respect to the Common Stock, Director shall, if requested by the Newmont Committee, execute, prior to the delivery of any shares of Common Stock to Director by Newmont, an agreement (in such form as the Newmont Committee may specify) in which Director represents and warrants that Director is purchasing or acquiring the shares acquired under this Agreement for Director’s own account, for investment only and not with a view to the resale or distribution thereof, and represents and agrees that any subsequent offer for sale or distribution of any kind of such shares shall be made only pursuant to either (i) a registration statement on an appropriate form under the Securities Act, which registration statement has become effective and is current with regard to the shares being offered or sold, or (ii) a specific exemption from the registration requirements of the Securities Act, but in claiming such exemption Director shall, prior to any offer for sale of such shares, obtain a prior favorable written opinion, in form and substance satisfactory to the Newmont Committee, from counsel for or approved by the Newmont Committee, as to the applicability of such exemption thereto.

			
	
			
				 (d)
			Notices.  Any notice or other communication required or permitted hereunder shall, if to Newmont, be in accordance with the Plan, and, if to Director, be in writing and delivered in person or by registered or certified mail or overnight courier, postage prepaid, addressed to Director at his or her last known address as set forth in Newmont’s records or by such other means as set forth under Section 7(l) herein.

			
	
			
				 (e)
			Severability. The provisions of this Agreement are severable and if any one or more of the provisions are determined to be illegal or otherwise unenforceable, in whole or in part,  the remaining provisions shall nevertheless be binding and enforceable.

			
	
			
				 (f)
			Governing Law and Venue.  Except as to matters concerning the issuance of Common Stock or other matters of corporate governance, which shall be determined, and related DSU provisions construed, under the General Corporation Law of the State of Delaware, this 

		 

		

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	Agreement shall be governed by the laws of the State of Colorado, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Agreement to the substantive law of another jurisdiction.  The parties hereto submit to the exclusive jurisdiction and venue of the federal or state courts of Colorado to resolve any and all issues that may arise out of or relate to this Agreement or the Plan.

			
	
			
				 (g)
			Transferability of DSUs / Agreement.  This Agreement and DSUs granted hereunder may not be transferred, assigned, pledged or hypothecated by either party hereto, other than by will or by the laws of descent and distribution.  This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns, including, in the case of Director, his or her estate, heirs, executors, legatees, administrators, designated beneficiary and personal representatives.  Nothing contained in this Agreement shall be deemed to prevent transfer of the DSUs in the event of Director’s death in accordance with Section 14(b) of the Plan.

			
	
			
				 (h)
			No Advice Regarding Award.   The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding Director’s participation in the Plan, or his or her acquisition or sale of the underlying shares of Common Stock.  Director should consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan.

			
	
			
				 (i)
			Appendix A.   Notwithstanding any provisions in this Agreement, the DSU shall be subject to any special terms and conditions set forth in Appendix A to this Agreement for Director’s country.  Moreover, if Director relocates to one of the countries included in the Appendices, the special terms and conditions for such country will apply to him or her, to the extent the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons.  Appendix A constitutes part of this Agreement.

			
	
			
				 (j)
			Imposition of Other Requirements.  The Company reserves the right to impose other requirements on Director’s participation in the Plan, on the DSUs and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require Director to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

			
	
			
				 (k)
			Language.  Director acknowledges that he or she is sufficiently proficient in English, or, alternatively, Director acknowledges that he or she will seek appropriate assistance, to understand the terms and conditions in this Agreement. Furthermore, if Director received this Agreement or any other document related to the Plan translated into a language other than English and if the meaning of the translated versions is different than the English version, the English version will control.

			
	
			
				 (l)
			Electronic Delivery and Acceptance.    Newmont may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means.  Director hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by Newmont or a third party designated by Newmont.

		
			

		 

		

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				 (m)
			Waiver.  Director acknowledges that a waiver by the Company of breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach of this Agreement.

			
	
			
				 (n)
			Insider-Trading/Market-Abuse Laws.  Director acknowledges that, depending on his or her country or broker’s country, or the country in which Common Stock is listed, he or she may be subject to insider trading restrictions and/or market abuse laws in applicable jurisdictions, which may affect his or her ability to accept, acquire, sell or attempt to sell, or otherwise dispose of the shares of Common Stock, rights to shares of Common Stock (e.g., DSUs) or rights linked to the value of Common Stock, during such times as Director is considered to have “inside information” regarding Newmont (as defined by the laws or regulations in applicable jurisdictions, including the United States and Director’s country). Local insider trading laws and regulations may prohibit the cancellation or amendment of orders Director placed before possessing inside information. Furthermore, Director may be prohibited from (i) disclosing insider information to any third party, including fellow directors (other than on a “need to know” basis) and (ii) “tipping” third parties or causing them to otherwise buy or sell securities. Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Newmont insider trading policy (such as Newmont’s Stock Trading Standard).  Director is responsible for complying with any applicable restrictions, so he or she should speak to his or her personal legal advisor for further details regarding any applicable insider-trading and/or market-abuse laws in his or her country.

			
	
			
				 (o)
			Foreign Asset/Account Reporting Requirements.  Director acknowledges that there may be certain foreign asset and/or account reporting requirements which may affect his or her ability to acquire or hold the shares of Common Stock acquired under the Plan or cash received from participating in the Plan (including from any dividends paid on the shares of Common Stock acquired under the Plan) in a brokerage or bank account outside his or her country.  Director may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country.  Director also may be required to repatriate sale proceeds or other funds received as a result of participating in the Plan to his or her country through a designated bank or broker within a certain time after receipt.  Director acknowledges that it is his or her responsibility to be compliant with such regulations, and he or she should speak to his or her personal advisor on this matter.

			
	
			
				 8.
			Counterparts.  This Agreement may be executed in two counterparts, each of which shall constitute one and the same instrument.

		
			IN WITNESS WHEREOF, Newmont Mining Corporation has caused this Agreement to be executed by a duly authorized officer, and Director has executed this Agreement, both as of the day and year first written above.
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						NEWMONT MINING CORPORATION

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						Name:  Logan Hennessey

				
	
					
						 

					
					
						 

					
					
						Title:    Vice President, Associate General Counsel and Corporate Secretary

				

		
			 
		

		

		 

		

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						Agreed to by:

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Director

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

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			APPENDIX A
		

		
			NEWMONT MINING CORPORATION
		

		
			2013 Stock Incentive Plan
		

		
			Global 2018 Director stock unit agreement
		

		
			Unless otherwise provided below, capitalized terms used but not explicitly defined in this Appendix A shall have the same definitions as in the Plan and/or the Agreement (as applicable). 
		

		
			Terms and Conditions
		

		
			This Appendix A includes additional country-specific terms and conditions that govern Director’s DSUs if he or she resides and/or works in one of the countries listed herein.  
		

		
			If Director is a citizen or resident of a country other than the one in which he or she is currently residing and/or working, relocates to another country after the DSUs are granted, or are considered a resident of another country for local law purposes, the terms and conditions of the DSUs contained herein may not be applicable to Director, and the Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall apply to him or her.
		

		
			Notifications
		

		
			This Appendix A also includes information regarding certain issues of which Director should be aware with respect to his or her participation in the Plan.  The information is based on the securities, exchange control and other laws in effect in the respective countries as of April 2018.  Such laws are often complex and change frequently.  As a result, the Company strongly recommends that Director not rely on the information in this Appendix A as the only source of information relating to the consequences of his or her participation in the Plan because the information may be out of date at the time that Director’s DSUs vest or he or she sells shares of Common Stock acquired under the Plan.
		

		
			In addition, the information contained herein is general in nature and may not apply to Director’s particular situation, and the Company is not in a position to assure him or her of a particular result.  Accordingly, Director should seek appropriate professional advice as to how the relevant laws in his or her country may apply to his or her situation.
		

		
			Finally, if Director is a citizen or resident of a country other than the one in which he or she is currently residing and/or working, transfer service after the DSUs are granted, or are considered a resident of another country for local law purposes, the information contained herein may not apply to Director.
		

		
			
		

		
			

		 

		

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			AUSTRALIA
		

		
			Terms and Conditions
		

		
			Form of Settlement.  Notwithstanding any discretion in the Plan or anything contrary in Section 2 of the Agreement, due to tax considerations in Australia, the DSU grant (including any Dividend Equivalents) does not provide any right for Director to receive a cash payment, and the DSUs (including any Dividend Equivalents related thereto) are payable only in shares of Common Stock.
		

		
			Australian Offer Document.  The Award is intended to comply with the provisions of the Corporations Act 2001, ASIC Regulatory Guide 49 and ASIC Class Order CO 14/1000.  Additional details are set forth in the Offer Document for the offer of DSUs to Australian resident directors, which is being provided to Director with the Agreement.
		

		
			Notifications
		

		
			Tax Information.  The Plan is a plan to which Subdivision 83A-C of the Income Tax Assessment Act 1997 (Cth) applies (subject to the conditions in the Act).
		

		
			Exchange Control Information.  Exchange control reporting is required for cash transactions exceeding A$10,000 and international fund transfers.  The Australian bank assisting with the transaction will file the report.  If there is no Australian bank involved in the transfer, Director will be required to file the report.
		

		
			GHANA
		

		
			There are no country-specific provisions. 
		

		
			UNITED KINGDOM
		

		
			There are no country-specific provisions.
		

		 

		

			-  10  -Ex_1024

		

			EXHIBIT 10.24

		

		

			 

		

		
			OFFER DOCUMENT
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			NEWMONT MINING CORPORATION
		

		
			2013 STOCK INCENTIVE PLAN
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			OFFER OF DIRECTOR STOCK UNITS 
		

		
			TO AUSTRALIAN RESIDENT DIRECTORS
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			Investment in shares involves a degree of risk.  Directors who elect to participate in the Plan (as defined herein) should monitor their participation and consider all risk factors relevant to the acquisition of shares of Common Stock under the U.S. Plan as set out in this Offer Document and the attached documents. 
		

		
			 
		

		
			The information or advice contained in this Offer Document and the Additional Documents is general information only.  It is not advice or information specific to each Director’s particular circumstances.  Directors should consider obtaining their own financial product advice from an independent person who is licensed by the Australian Securities and Investments Commission to give such advice.
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			NEWMONT MINING CORPORATION
		

		
			2013 STOCK INCENTIVE PLAN 
		

		
			OFFER OF DIRECTOR STOCK UNITS 
		

		
			TO AUSTRALIAN RESIDENT DIRECTORS
		

		
			This Offer Document sets out information regarding the grant of Director Stock Units (“DSUs”) under the Newmont Mining Corporation 2013 Stock Incentive Plan (the “Plan”) to eligible Australian resident directors of Newmont Mining Corporation (“Newmont”) and its Australian Affiliates.
		

		
			Terms defined in the Plan have the same meaning in this Offer Document.
		

		
			The purpose of the Plan is to enhance Newmont’s and the Affiliates’ ability to attract and retain highly qualified personnel while enhancing the long-term performance and competitiveness of Newmont and the Affiliates.  The Plan seeks to achieve this purpose by providing for the grant of equity awards, including DSUs.  
		

		
			1.         OFFER
		

		
			This is an offer made by Newmont under the Plan to Eligible Individuals to accept the DSUs granted under the Plan.
		

		
			The Plan is supplemented by the terms of this Offer Document and is intended to comply with the provisions of the Corporations Act 2001, ASIC Regulatory Guide 49 and ASIC Class Order CO 14/1000.
		

		
			2.         ADDITIONAL DOCUMENTS
		

		
			In addition to the information set out in this Offer Document, the following documents provide further information necessary to make an informed investment decision in relation to your participation in the Plan:
		

		
			a.           the DSU Agreement, each under the Plan (which forms part of this Offer Document) (collectively, the “Award Agreement”); 
		

		
			b.           the Plan; and
		

		
			c.           the Plan Prospectus describing the terms of the Plan (the “Plan Prospectus”).
		

		
			(collectively, the “Additional Documents”).
		

		
			The Plan Prospectus is not a prospectus for the purposes of the Australian Corporations Act 2001 and has not been modified for Australia.  To the extent there is any inconsistency between the Offer Document and the Plan Prospectus, the terms of this Offer Document apply.
		

		
			
		

		
			

		 

		

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			The Additional Documents set out, amongst other details, the nature of the DSUs and the consequences of a change in the nature or status of your service relationship.
		

		
			3.         RELIANCE ON STATEMENTS
		

		
			You should not rely upon any oral statements made to you in relation to this offer.  You should only rely upon the statements contained in this Offer Document and the Additional Documents when considering your participation in the Plan.
		

		
			4.           WHO IS ELIGIBLE TO PARTICIPATE IN THE PLAN?
		

		
			You are eligible to participate under the Plan if, at the time of the offer, you are an Australian resident Director of Newmont or its Australian Affiliate and meet the eligibility requirements established under the Plan. 
		

		
			5.         WHAT ARE THE MATERIAL TERMS OF THE DSUs? 
		

		
			(a)         What are DSUs?
		

		
			DSUs represent the right to receive shares of Common Stock of Newmont upon satisfaction of service conditions.  Your DSUs are immediately fully vested and non-forfeitable; however, shares of Common Stock will only be issued to you following the date of your retirement from the Board.  The restrictions will be set forth in the Award Agreement.
		

		
			Prior to the settlement of your DSUs, you will not be eligible to receive any dividends or Dividend Equivalent payments.  Upon settlement of the DSUs, you will be entitled to Dividend Equivalents that accrued during the period from the date of the Award Agreement until the date such shares of Common Stock are delivered to you.
		

		
			(b)         Do I have to pay any money to receive the DSUs?
		

		
			You pay no monetary consideration to receive the DSUs.  Nor do you pay any monetary consideration to receive the shares of Common Stock upon vesting.
		

		
			(c)         How many shares of Common Stock will I receive upon vesting of my DSUs?
		

		
			The details of your DSUs and the Common Stock subject to the  DSUs are set out in the relevant Award Agreement.
		

		
			(d)         When do I become a stockholder?
		

		
			You are not a stockholder merely as a result of holding DSUs, and the DSUs will not entitle you to vote or receive dividends, notices of meeting, proxy statements and other materials provided to stockholders until the restrictions lapse, at which time the DSUs may be converted into an equivalent number of shares of Common Stock.  In this regard, you are not recorded as the owner of the Common Stock prior to issuance of such shares of Common Stock.
		

		
			

		 

		

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			(e)         Can I transfer the DSUs to someone else?
		

		
			The DSUs are non-transferable until they are issued to you; however, once shares of Common Stock are issued upon retirement from the Board, the shares of Common Stock will be freely tradable (subject to Newmont-wide trading policies).
		

		
			6.         WHAT IS A SHARE OF COMMON STOCK IN NEWMONT?
		

		
			The Common Stock subject to the DSUs is the common stock of Newmont Mining Corporation, the U.S. parent corporation.  The common stock of a U.S. corporation is analogous to ordinary shares of an Australian corporation.  Each holder of Common Stock is entitled to one vote for every share of Common Stock.
		

		
			Dividends may be paid on the Common Stock out of any funds of Newmont legally available for dividend at the discretion of Newmont. 
		

		
			The Common Stock is listed and may be traded on a number of stock exchanges, including the New York Stock Exchange, under the symbol “NEM.”
		

		
			The Common Stock is not liable to any further calls for payment of capital or for other assessment by Newmont and has no sinking fund provisions, pre-emptive rights, conversion rights or redemption provisions.  
		

		
			7.         HOW CAN I ASCERTAIN THE CURRENT MARKET PRICE IN AUSTRALIAN DOLLARS?
		

		
			You may ascertain the current market price of the Common Stock as traded on the New York Stock Exchange at https://www.nyse.com/index under the symbol “NEM.”
		

		
			The Australian dollar equivalent of that price can be obtained at: http://www.rba.gov.au/statistics/frequency/exchange-rates.html.
		

		
			This will not be a prediction of what the market price per share of Common Stock will be when the DSUs vest and are settled or the applicable exchange rate on the actual date of vesting or settlement. 
		

		
			8.         WHAT ADDITIONAL RISK FACTORS APPLY TO AUSTRALIAN RESIDENTS' PARTICIPATION IN THE PLAN?
		

		
			Australian residents should have regard for risk factors relevant to investment in securities generally and, in particular, to the holding of the Common Stock.  For example, the price at which Common Stock is quoted on the New York Stock Exchange market may increase or decrease due to a number of factors.  There is no guarantee that the price of the Common Stock will increase.  Factors which may affect the price of Common Stock include fluctuations in the domestic and international market for listed stocks, general economic conditions, including interest rates, inflation rates, commodity and oil prices, changes to government fiscal, monetary or regulatory policies, legislation or regulation, the nature of the markets in which Newmont operates and general operational and business risks.  You should be aware that in addition to fluctuations in 

		 

		

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value caused by the fortunes of Newmont, the value of Common Stock you may hold will be affected by the U.S.$/A$ exchange rate.  Participation in the Plan involves certain risks related to fluctuations in this rate of exchange.
		

		
			9.         PLAN MODIFICATION, TERMINATION, ETC.
		

		
			The Board may amend, alter, suspend, discontinue or terminate the Plan, or any portion of the Plan, at any time.  No such modification, alteration, amendment, suspension or termination of the Plan, however, shall adversely affect an Eligible Individual’s rights to a grant previously made without his or her consent, except any such amendment made to comply with applicable law, tax rules, stock exchange rules or accounting rules. 
		

		
			10.       WHAT ARE THE AUSTRALIAN TAXATION CONSEQUENCES OF PARTICIPATION IN THE PLAN?
		

		
			The following is a summary of the income tax consequences as of April 2018 for an Australian resident who is awarded DSUs under the Plan.  
		

		
			We note that for DSUs granted under the Plan prior to 1 July 2015, different employee share scheme rules apply.  The following taxation summary applies only to DSUs granted on or after 1 April 2018.  If you hold DSUs granted before 1 July 2015, please consult with your personal tax advisor on the applicable tax treatment. 
		

		
			This summary is necessarily general in nature and does not purport to be tax advice in relation to an actual or potential recipient of DSUs.  
		

		
			If you are a citizen or resident of another country for local tax law purposes or if you transfer employment and/or residency to another country after the DSUs are granted to you, the information contained in this summary may not be applicable to you.  You are advised to seek appropriate professional advice as to how the tax or other laws in Australia and in your country apply to your specific situation.
		

		
			If you are awarded DSUs under the Plan, you should not rely on this summary as anything other than a broad guide, and you are advised to obtain independent taxation advice specific to your particular circumstances.
		

		
			(a)             What is the effect of the grant of the DSUs?
		

		
			 
		

		
			The Australian tax legislation contains specific rules, in Division 83A of the Income Tax Assessment Act 1997, governing the taxation of shares and rights (called “ESS interests”) acquired by employees under employee share schemes.  The DSUs granted under the Plan should be regarded as a right to acquire shares and accordingly, an ESS interest for these purposes. 
		

		
			Your assessable income includes any discount in relation to the acquisition of an ESS interest at grant, unless either the ESS interest is either (i) subject to a “real risk of forfeiture” or (ii) you are genuinely restricted from immediately disposing of the ESS interest and there is a statement in the Additional Documents that deferral is to apply, in which case you will be subject to deferred taxation.
		

		
			

		 

		

			-  4  -

		

 

		

		
			In the case of the DSUs, the real risk of forfeiture test requires that:
		

		
			(i)   there must be a real risk that, under the conditions of the Plan, you will forfeit the DSUs or lose them (other than by disposing of them or in connection with the vesting of the DSUs); or
		

		
			(ii) there must be a real risk that if your DSUs vest, under the conditions of the Plan, you will forfeit the underlying shares of Common Stock or lose them other than by disposing of them.
		

		
			The terms of your DSUs award are set out in the Additional Documents.  As the DSUs are fully vested and non-forfeitable at grant, your DSUs will not satisfy the real risk of forfeiture test.  However, as your DSUs are non-transferable and the Additional Documents contain a statement that tax deferral is to apply, you will be subject to deferred taxation (i.e., you generally should not be subject to tax when the DSUs are granted to you). 
		

		
			(b)             When will I be taxed if my DSUs are eligible for tax deferral?
		

		
			 
		

		
			You will be required to include an amount in your assessable income for the income year (i.e., the financial year ending 30 June) in which the earliest of the following events occurs in relation to the DSUs (the “ESS deferred taxing point”):
		

		
			(i)   when there are no longer any genuine restrictions on the disposal of the DSUs; or
		

		
			(ii) when the DSUs are settled in Common Stock and there no genuine restriction on the disposal of the resulting Common Stock (if such restrictions exist, the taxing point is delayed until they lift);
		

		
			(ii) cessation of relevant employment – you cease relevant employment when you are no longer employed by your employer or any entity in the Company group (but see Section 10(e) below),
		

		
			Generally, this means that you will be subject to tax when your DSUs vest (or at the first time after vesting that any genuine restrictions on disposal of the underlying shares of Common Stock cease to apply).  However, the ESS deferred taxing point for your DSUs will be moved to the time you sell the underlying shares of Common Stock if you sell the shares of Common Stock within 30 days of the original ESS deferred taxing point (i.e., typically within 30 days of vesting).
		

		
			In addition to income taxes, the assessable amount may be subject to Medicare Levy and surcharge (if applicable).
		

		
			(c)             What is the amount to be included in my assessable income if an ESS deferred taxing point occurs? 
		

		
			 
		

		
			The amount you must include in your assessable income in the income year in which the ESS deferred taxing point occurs in relation to your DSUs will be the difference between the “market value” of the underlying shares of Common Stock at the ESS deferred taxing point and the cost 

		 

		

			-  5  -

		

 

base of the DSUs (which should be nil because you do not have to pay anything to acquire the DSUs or the underlying shares of Common Stock).
		

		
			If, however, you sell the underlying shares of Common Stock within 30 days of the original ESS deferred taxing point, the amount to be included in your assessable income in the income year in which the sale occurs will be equal to the difference between the sale proceeds and the cost base of the DSUs (which, again, should be nil).
		

		
			(d)             What is the market value of the underlying shares of Common Stock?
		

		
			 
		

		
			The “market value” of the DSUs or the underlying shares of Common Stock, as applicable, at the ESS deferred taxing point is determined according to the ordinary meaning of “market value” expressed in Australian currency.  The Company will determine the market value in accordance with guidelines prepared by the Australian Taxation Office. 
		

		
			The Company has the obligation to provide you with certain information about your participation in the Plan at certain times, including after the end of the income year in which the ESS deferred taxing point occurs.  This may assist you in determining the market value of your DSUs or underlying shares of Common Stock at the ESS deferred taxing point.  However, this estimate may not be correct if you sell the shares of Common Stock within 30 days of the vesting date, in which case it is your responsibility to report and pay the appropriate amount of tax based on the sales proceeds.
		

		
			(e)             What happens if I cease employment before my DSUs vest? 
		

		
			 
		

		
			If you cease employment with your employer prior to the vesting date of some or all of your DSUs and the DSUs do not vest upon termination of employment (i.e., they are forfeited), you may be treated as having never acquired the forfeited DSUs in which case, no amount will be included in your assessable income.
		

		
			(f)              What happens if I sell my shares of Common Stock?
		

		
			 
		

		
			If you sell the shares of Common Stock acquired upon vesting of your DSUs within 30 days of the original ESS deferred taxing point, your ESS deferred taxing point will be shifted to the date of sale for purposes of determining the amount of assessable income as described in Section 11(c) and you will not be subject to capital gains taxation.
		

		
			If you sell the shares of Common Stock acquired upon vesting of your DSUs more than 30 days after the original ESS deferred taxing point, you will be subject to capital gains taxation to the extent that the sales proceeds exceed your cost base in the shares of Common Stock sold, assuming that the sale of shares of Common Stock occurs in an arm’s length transaction (as will generally be the case provided that the shares of Common Stock are sold through the New York Stock Exchange).  Your cost base in the shares of Common Stock will generally be equal to the market value of the shares of Common Stock at the ESS deferred taxing point (which will generally be the vesting date) plus any incremental costs you incur in connection with the sale (e.g., brokers fees).
		

		
			

		 

		

			-  6  -

		

 

		

		
			The amount of any capital gain you realize must be included in your assessable income for the year in which the shares of Common Stock are sold.  However, if you hold the shares of Common Stock for at least one year prior to selling (excluding the dates you acquired and sold the shares of Common Stock), you may be able to apply a discount to the amount of capital gain that you are required to include in your assessable income.  If this discount is available, you may calculate the amount of capital gain to be included in your assessable income by first subtracting all available capital losses from your capital gains and then multiplying each capital gain by the discount percentage of 50%.
		

		
			You are responsible for reporting any income you realize from the sale of shares of Common Stock acquired upon vesting of DSUs and paying any applicable taxes due on such income.
		

		
			If your sales proceeds are lower than your cost basis in the shares of Common Stock sold (assuming the sale occurred in an arm’s length transaction), you will realize a capital loss.  Capital losses may be used to offset capital gains realized in the current tax year or in any subsequent tax year, but may not be used to offset other types of income (e.g., salary or wage income).
		

		
			(g)             What are the taxation consequences if a dividend is paid on the shares of Common Stock?
		

		
			 
		

		
			If your DSUs are settled in shares of Common Stock and you become a stockholder of the Company, you may be entitled to dividends, if the Board, in its discretion, declares a dividend.  Any dividends paid on shares of Common Stock will be subject to income tax in Australia in the income year in which they are paid.  The dividends are also subject to U.S. federal withholding tax.  You may be entitled to a foreign income tax offset against your Australian income tax for the U.S. federal income tax withheld on any dividends.
		

		
			(h)             Will I be subject to withholding and reporting?
		

		
			 
		

		
			In general, your employer will not be subject to any income tax withholding obligations in connection with your DSUs so long as you have provided your Tax File Number (“TFN”) or Australian Business Number (“ABN”) (as the case requires). Instead, you will be personally responsible for reporting on your tax return and paying any tax liability in relation to the DSUs and any shares of Common Stock issued to you at vesting.  In addition, you will be responsible for reporting any capital gains or losses you realize from the sale of the shares of Common Stock and paying the applicable taxes.  
		

		
			However, your employer will provide you (generally, no later than 14 July after the end of the year) and the Commissioner of Taxation (generally, no later than 14 August after the end of the year) with a statement containing certain information about your DSUs in the income year in which the original ESS deferred taxing point occurs.  This statement will include an estimate of the market value of the underlying shares of Common Stock at the taxing point.  
		

		
			Please note, however, that, if you sell the shares of Common Stock within 30 days of the ESS deferred taxing point, your taxing point will not be at the original ESS deferred taxing point, but will be the date of sale; as such, the amount reported by your employer may differ from your actual taxable amount (which would be based on the value of the shares of Common Stock when sold, 

		 

		

			-  7  -

		

 

rather than at the ESS deferred taxing point).  You will be responsible for determining this amount and calculating your tax accordingly.
		

		
			11.       WHAT ARE THE U.S. TAXATION CONSEQUENCES OF PARTICIPATION IN THE PLAN?
		

		
			Australian residents who are not U.S. citizens or tax residents should not be subject to U.S. tax by reason only of the grant or vesting of the DSUs and/or the sale of shares of Common Stock, except as described in section 10(g) above.  However, liability for U.S. tax may accrue if an Australian resident is otherwise subject to U.S. tax.
		

		
			This is only an indication of the likely U.S. tax consequences for an Australian resident who is granted DSUs under the Plan.  You should seek your own advice as to the U.S. tax consequences of your participation in the Plan.
		

		
			 
		

		
			*          *          *          *          *
		

		
			We urge you to carefully review the information contained in this Offer Document and the Additional Documents.
		

		
			Yours sincerely,
		

		
			NEWMONT MINING CORPORATION 
		

		
			 
		

		 

		

			-  8  -

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