What are the main reasons for this 8-K filing?

This 8-K is filed to update Newmont's 2008 Annual Report (10-K) due to the adoption of two new accounting standards (FSP APB 14-1 and FAS 160), the reclassification of the Kori Kollo operation to discontinued operations, and changes in the company's reportable segments.

How will the new accounting standards affect past financial results?

Both FSP APB 14-1 and FAS 160 are required to be applied retrospectively. This means that Newmont has restated its financial results for prior periods (2007 and 2008) to reflect these new accounting treatments, which will impact reported interest expense for convertible debt and the presentation of noncontrolling interests.

What is the significance of the Kori Kollo operation being reclassified to discontinued operations?

The reclassification indicates that Newmont's Board of Directors approved a plan to sell the Kori Kollo operation in Bolivia. Consequently, its financial results will be reported separately from continuing operations in the financial statements from the period the sale plan was approved.

What changes have been made to Newmont's reportable segments?

Newmont has realigned its reporting segments due to executive management changes. This includes moving the results of its Mexican operations to the North America segment and combining exploration and advanced projects under a single executive, with legacy exploration being assigned to regional segments. These changes are also applied retrospectively.

NEM/NEMCL 8-K SEC Disclosure

Summary

Newmont Mining Corporation filed this Form 8-K on September 14, 2009, primarily to update its previously filed 2008 Form 10-K and its amendments. The updates are necessitated by the adoption of two new accounting standards: FASB Staff Position APB 14-1 concerning convertible debt, and FASB Statement No. 160 which revises accounting for noncontrolling interests. These standards are applied retrospectively, impacting prior financial periods. Additionally, the filing notes the reclassification of the Kori Kollo operation in Bolivia to discontinued operations following board approval for its sale in June 2009. The company also updated its reportable segments due to executive management realignments in the first quarter of 2009, including the integration of Mexican operations into the North America segment and the consolidation of exploration activities. These changes are reflected retrospectively in all periods presented.

Key Highlights

1Adoption of new accounting standard FSP APB 14-1 for convertible debt, requiring retrospective application and impacting 2007-2008 financial results.
2Adoption of new accounting standard FAS 160 for noncontrolling interests, also requiring retrospective application and impacting prior periods' financial statements.
3Reclassification of the Kori Kollo operation in Bolivia to discontinued operations, reflecting a plan approved in June 2009 to sell the asset.
4Changes in Newmont's reportable segments due to executive management realignments, including the reallocation of Mexican operations and consolidation of exploration activities.
5Retrospective application of these changes to all periods presented, meaning prior financial statements have been restated.
6Updated financial information related to these changes is attached as Exhibits 99.1 and 99.2, incorporated by reference into the 8-K filing.

NEWMONT Corp /DE/ 8-K Report, Corporate Update (Sep 15, 2009)

Summary

Key Highlights

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