Dominican Republic offers Barrick Gold a “final” deal

Santo Domingo.- Dominican Republic on Tuesday made to Barrick Gold what it calls the final proposal to amend its mining contract, the Presidency’s Press Office said in a statement.

"We have presented today (Tuesday) a final proposal and we expect an answer in the coming days," the document says.

"In any given scenario the government will demand compensation to the country for mineral exports payable retroactively," it said, noting that any decision the Executive Branch agrees to will affect the mining company’s total exports "since the first ounce of gold that left the country, November 13, 2012."

He said the commission designated for the talks underwent an intense process in recent weeks, "which should lead to a definitive definition, in the short term."