Ica, Peru Ica, Peru The city of Ica () (Quechua: "Ika") is the capital of the Ica Region in southern Peru. While the area was long inhabited by varying cultures of indigenous peoples, the Spanish "conquistador" Gerónimo Luis de Cabrera claimed its founding in 1563. As of 2005, it had an estimated population of over 219,856. The city suffered extensive damage and loss of life during the 2007 Peru earthquake. The city is located on the Ica River about 300 km to the south of Lima, along the desert coast of southern Peru. Further south along the Pan-American Highway lies the city
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%