To: Crimson Ghost who wrote (62000 ) 12/14/2000 3:51:26 PM From: long-gone Respond to of 116898 Buenaventura, Newmont, B.R.G.M. and Normandy Reach Global Settlement DENVER, Dec. 14 /PRNewswire/ -- Compania de Minas Buenaventura S.A.A. of Peru and Newmont Mining Corporation (NYSE: NEM) have settled a long-standing dispute with the Bureau de Recherches Geologiques et Minieres (BRGM), a French state-owned geologic and exploration body, and Normandy Mining Ltd. of Australia over ownership of the Minera Yanacocha gold mine and a separate Peruvian mining concern, Cedimin. The settlement was effected today in accordance with the terms of an agreement which had been announced by the parties on October 20, 2000. In addition to sums previously received, BRGM and Normandy received today consideration valued at $80 million (half from Newmont in the form of common shares and half from Buenaventura in cash.) In return, BRGM and Normandy acknowledge Newmont's and Buenaventura's title to BRGM's former 24.7 percent interest in Yanacocha and Buenaventura's title to BRGM's former 65 percent interest in Cedimin, which originally owned 40 percent of Minas Conga and other Peruvian assets. Under the settlement effected today, all pending litigation and arbitration claims will be dismissed, as will claims by BRGM against the Republic of Peru. The parties also released each other from any future claims relating to these disputes. SOURCE Newmont Mining Corporation Web site: newmont.com Company News On-Call: prnewswire.com fax, 800-758-5804, ext. 615675 CONTACT: media, Doug Hock, 303-837-5812, or investors, WendyYang, 303-837-6141, both of Newmont Mining Corporation; or Denisede Garrido of Compania de Minas Buenaventura S.A.A.,011-511-471-8337