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DENVER, May 30 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM; ASX) (Toronto: NMC) today announced that its board of directors has retained PricewaterhouseCoopers LLP as the company's independent public accountants.

The audit committee of the board of directors conducted an in-depth review of the services provided by the major public accounting firms prior to making its recommendation to the board.

Previously, Newmont's independent auditor was Arthur Andersen LLP. "We thank Arthur Andersen for their years of service as our external auditors and commend its staff for consistently providing independent, high-quality work," said Newmont Senior Vice President and Chief Financial Officer Bruce Hansen.

Newmont, based in Denver, is the world's premier gold company and the largest gold producer with significant assets on five continents.

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SOURCE Newmont Mining Corporation

-0- 05/30/2002

/CONTACT: Investors, Russell Ball, +1-303-837-5927, or Wendy Yang, +1-303-837-6141, or Media, Doug Hock, +1-303-837-5812, all of Newmont Mining