At the end of last year, a state judge chipped away at a company’s plans to reopen a long-abandoned copper mine near Hillsboro. On Dec. 28, New Mexico Third Judicial District Court Judge James J. Wechsler found that most of the water rights claimed by the company are not valid. New Mexico Copper Corporation (NMCC) planned to use groundwater rights that two men purchased after operations were abandoned at Copper Flat Mine in 1982. William Frost and Harris Gray, along with NMCC and its attorneys, tried to show that those rights were still valid, even though the water hadn’t been put to use over the past four decades—or even when the mine operated.
The New Mexico Supreme Court heard oral arguments on a rule related to the state’s regulation of groundwater beneath copper mines last fall. There’s no saying exactly when the court, which heard the case at the end of September, will issue its opinion. But it could be this year. This comes as the price of copper is on the rise after two years of declines. At the end of last year, the metal rallied—and some analysts expect it to do well in 2017.
As New Mexico legislators get ready to tackle the ailing state budget in a few weeks, oil and gas prices are on the rise. Today, the U.S. Energy Information Administration announced that energy commodity prices rose more than any other sectors last year. According to the EIA, after two years of significant declines, crude oil prices rose late in the year. That happened after OPEC (Organization of Petroleum Exporting Countries) and non-OPEC countries announced they would cut production in early 2017. A widespread boost in production over the last few years, in the United States as well as the Middle East and Russia, had led to a glut of oil and lower prices.