Latest Magma Stories

VANCOUVER, July 28 /PRNewswire-FirstCall/ - Magma Energy Corp. (TSX: MXY) is responding to comments that have been made by the government of Iceland at a recent press conference. Magma understands that the government has announced its intention to establish a committee respecting foreign investment into Icelandic energy companies. The government has also advised HS Orka that it has not made a decision on Magma's purchase of further shares in HS Orka. The transaction to acquire Geysir Green...

VANCOUVER, June 21 /PRNewswire-FirstCall/ - Magma Energy Corp. (TSX: MXY) announces the following senior management changes: At our company's head office in Vancouver, Ms. Sandra Lim will retire as Chief Financial Officer on June 30. Sandra was instrumental in Magma's early development. We extend to Sandra our greatest appreciation for her outstanding contribution to Magma Energy and offer our best wishes for her retirement. Ms. Annette Cusworth has been appointed to replace Ms. Lim as...

(All amounts in US dollars and all MW according to the Geothermal Reporting Code) TSX: MXY VANCOUVER, June 16 /PRNewswire-FirstCall/ - Magma Energy Corp. (TSX: MXY) is pleased to provide an exploration update on our properties in Chile and Peru. In Chile, Magma has an exploitation permit enabling development of a 50 MW geothermal operation on the 4,000 hectare Laguna de Maule (Maule) property. Maule adjoins the 100,000 hectare Pellado property and together these properties encompass the...

(All amounts in US dollars unless otherwise stated) VANCOUVER, June 14 /PRNewswire-FirstCall/ - Magma Energy Corp. (TSX: MXY) is pleased to provide an update on its activities at three of its Nevada projects. At the Soda Lake operation, the Phase 1 Expansion program is on-going with further field optimization activities and new drilling planned to increase the plant output to its nameplate capacity of 23 MW from its current 13.5 MW. Costs remain well under the initial budget of $18.2...

Ancient goliaths blamed for multiple mass extinctions"Supervolcanoes" have been blamed for multiple mass extinctions in Earth's history, but the cause of their massive eruptions is unknown.Despite their global impact, the eruptions' origin and triggering mechanisms have remained unexplained. New data obtained during a recent Integrated Ocean Drilling Program (IODP) expedition in the Pacific Ocean may provide clues to unlocking this mystery.To explore the origins of these seafloor...

Like an angry dog, a volcano growls before it bites, shaking the ground and getting "noisy" before erupting. This activity gives scientists an opportunity to study the tumult beneath a volcano and may help them improve the accuracy of eruption forecasts, according to Emily Brodsky, an associate professor of Earth and planetary sciences at the University of California, Santa Cruz.Brodsky presented recent findings on pre-eruption earthquakes on Wednesday, December 16, at the fall...

NEW YORK, Dec. 15 /PRNewswire/ -- Agency Magma today announced it has launched Tuckerspointhotelandspa.com, an understated site created for Tucker's Point Hotel and Spa in Bermuda. The site reflects the attitude and beauty of the "Best in Bermuda." Tucker's Point partnered with Agency Magma in an effort to modernize the way the brand markets itself and is centering its strategy around the website. The new website is transparently innovative allowing for navigation that is intuitive, yet...

Plume slants northwest; magma body bigger than thoughtThe most detailed seismic images yet published of the plumbing that feeds the Yellowstone supervolcano shows a plume of hot and molten rock rising at an angle from the northwest at a depth of at least 410 miles, contradicting claims that there is no deep plume, only shallow hot rock moving like slowly boiling soup.A related University of Utah study used gravity measurements to indicate the banana-shaped magma chamber of hot and molten rock...

Hawaii may be paradise for vacationers, but for geologists it has long been a puzzle. Plate tectonic theory readily explains the existence of volcanoes at boundaries where plates split apart or collide, but mid-plate volcanoes such as those that built the Hawaiian island chain have been harder to fit into the theory. A classic explanation, proposed nearly 40 years ago, has been that magma is supplied to the volcanoes from upwellings of hot rock, called mantle "plumes," that originate deep in...

Geologists Show that Seafloor Dynamics Are at Work in Splitting African ContinentIn 2005, a gigantic, 35-mile-long rift broke open the desert ground in Ethiopia. At the time, some geologists believed the rift was the beginning of a new ocean as two parts of the African continent pulled apart, but the claim was controversial.Now, scientists from several countries have confirmed that the volcanic processes at work beneath the Ethiopian rift are nearly identical to those at the bottom of the...