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In 1872, the Guillermo Wendell Nitrate Extraction Company founded the saltpeter works of Santa Laura, while the region was still a part of Peru. In the same year, James Thomas Humberstone founded the "Peru Nitrate Company", establishing the works of "La Palma". Both works grew quickly, becoming busy towns characterized by lovely buildings in the English style. Both works were abandoned in 1960 after the rapid decline that caused COSATAN to disappear in 1958. In 1970, after becoming ghost towns, they were declared national monuments and opened to tourism. In 2005 they were declared a World Heritage Site by UNESCO.