| NOTE 11 NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS | |||||||||||
| Years Ended December 31, | |||||||||||
| 2013 | 2012 | 2011 | |||||||||
| Minera Yanacocha | $ | 75 | $ | 305 | $ | 326 | |||||
| TMAC | (18) | - | - | ||||||||
| Batu Hijau | (320) | (2) | 287 | ||||||||
| Other | 9 | 6 | (7) | ||||||||
| $ | (254) | $ | 309 | $ | 606 | ||||||
Newmont has a 51.35% ownership interest in Minera Yanacocha S.R.L. (“Yanacocha”), with the remaining interests held by Compañia de Minas Buenaventura, S.A.A. (43.65%) and the International Finance Corporation (5%).
Newmont has a 70.4% economic ownership interest in TMAC, with remaining interests held by various outside investors.
Newmont has a 48.50% effective economic interest in PT Newmont Nusa Tenggara (“PTNNT”) with remaining interests held by an affiliate of Sumitomo Corporation of Japan and various Indonesian entities. PTNNT operates the Batu Hijau copper and gold mine in Indonesia. Based on ASC guidance for variable interest entities, Newmont consolidates PTNNT in its Consolidated Financial Statements.