Matucana, Peru Matucana, Peru Matucana is a town in Central Peru, capital of the province Huarochirí in the region Lima. It's located to the East of Lima at 2,378 m (7,802 ft) above sea level, along the Central Road () at km 74. Matucana was founded in 1647 by Miguel de Castro y García, a descendant of one of Francisco Pizarro's Conquistadores. He discovered gold in the hills outside of Matucana at a site that was once a holy shrine for the Incas. Using Inca slaves to operate the mine, he became very wealthy and eventually returned to live in Lima, Peru.
Mineral industry of Peru No. 868 of May 1996 (Texto Unico Official) provide guaranteed protections to mining ventures and contracts under the Peruvian Civil Code. Consequently, such ventures and contracts are immune from unilateral changes by any governmental authority in Peru without an appropriate legal or administrative remedy or arbitration by the Convenio Constitutivo del Centro Internacional de Arreglo de Differencias Relativas an Inversiones (Formal Consent of the International Center for Settlement of Relative Differences on Investments). Additionally, Peru enacted the Supreme Decree No. 047-2002-EF of April 2002 (import duties for capital goods) to reduce the duties paid to 7% from 20% and 12%