DFR sold its Namibian subsidiaries and licence interests ML111, ML139 and ML32 to related party JBDM in 2022. DFR retains annual payments of up to US$100,000 through 2035 and a 1% net sales royalty, but no operating ownership; the March 2026 filing reports US$210,040 of annual-payment and royalty receivables still unpaid.
- Country
- Namibia
- Commodity
- Diamond