economy
May 5, 2026
Alert at Cerro Matoso: they warn that a possible gas cut compromises its operation and ferronickel production
This mine depends heavily on the gas supply. Photo: Courtesy - A.P.I.
TL;DR
- Cerro Matoso's operations are at risk of ceasing due to Canacol Energy's request to terminate gas supply contracts.
- The company relies on natural gas for approximately 80% of its industrial processes, particularly for its continuous-operation furnaces.
- A daily suspension of operations could result in losses of approximately COP $1 billion for the national economy and COP $5.1 billion for the company.
- Potential structural damage to furnaces could cost between COP $550 billion and $730 billion each, with repair times exceeding ten months.
- The cessation of activities would impact over 2,000 direct and contracted jobs and jeopardize social programs benefiting 50,000 people.
- The termination of contracts could also affect gas supply in the Atlantic Coast, potentially increasing tariffs for users.