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Company press release

DENVER, June 20 -- Newmont Mining Corp. today announced
that its subsidiary, Yandal Bond Co. Ltd. today agreed to
waive the minimum tender condition regarding the offer to
acquire all of the outstanding 8 7/8 percent senior notes
senior notes (the notes) due April 2008 issued by Newmont's
Australian subsidiary, Newmont Yandal Operations Limited
(Yandal), formerly Great Central Mines Ltd.

Under the original terms of the offer, the offer was
conditioned on the valid tender of notes and related consents
representing at least a majority in aggregate principal amount
of the notes not currently owned by YBCL. Under the amended
offer, upon the terms and subject to the conditions of the
offer, YBCL will accept for payment all notes that holders
validly tender prior to the expiration of the offer and do not
withdraw pursuant to the offer.

As of 5 p.m. New York City time, on June 19, 2002,
$40.145 million aggregate principal amount of notes had
been tendered into the offer. The scheduled expiration time
of the offer is 5 p.m., New York City time, on June 26,
2003.

Citigroup Global Markets Inc. is the dealer manager and
Mellon Investor Services LLC is the depositary and
information agent for the tender offer and consent solicitation.