A holder of or an applicant for a Mining Title or Quarry operation permit and its direct subcontractors, are required to provide the MPDC with the identity of all parties having an interest in the Title, including:
The shareholders of each company legally identified as constituting the applicant, and the holder or its subcontractor;
The subsidiaries of each company constituting the applicant, the holder or its subcontractor, their relationship with the company and the jurisdiction in which they operate; and
The identity of directors and senior executives of each company constituting the applicant, the holder or its subcontractor, each shareholder of these companies, any person believed to control the company, and any person holding five percent (5%) or more of the votes of the company giving the right to control the company or to the rights to the profits of this company, and the chain through which these rights are exercised.