Yungay, Peru (27 September 1962), the government ordered them to retract or face prison, and they fled the country. Citizens were forcibly prevented from speaking of an impending disaster. Eight years later the prediction came true. Caves Earthquake of 31 May 1970 Yungay, Peru Yungay is a town in the Ancash Region in north central Peru, South America. Yungay is located in the Callejón de Huaylas on Río Santa at an elevation of approximately 2,500 meters, 450 km north of Lima, the country's capital. East of the small town are the mountain ridges of snow-covered Cordillera Blanca, with Huascarán, Peru's highest mountain,
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%