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Latest Magma Stories

2011-01-07 10:52:18

Collaborating with an international research team, an economic geologist from The University of Western Ontario has discovered how gold-rich magma is produced, unveiling an all-important step in the formation of gold mines. The findings were published in the December issue of Nature Geoscience. Robert Linnen, the Robert Hodder Chair in Economic Geology in Western's Department of Earth Sciences conducts research near Kirkland Lake, Ontario and says the results of the study could lead to a...

2010-12-22 18:03:00

VANCOUVER, Dec. 22 /PRNewswire/ - Magma Energy Corp. (TSX: MXY) advises that it has issued 24,808,569 shares to a subsidiary of Geysir Green Energy ehf ("GGE") pursuant to the conversion of the subscription receipt issued to GGE as part of the consideration paid by Magma Energy Sweden A.B. ("Magma") for the acquisition of its 98.53% interest in HS Orka hf.  Magma's obligations to GGE under the share purchase agreement are now complete. About Magma Energy Corp. Magma Energy...

2010-12-15 15:30:00

VANCOUVER, Dec. 15 /PRNewswire-FirstCall/ - Magma Energy Corp. (TSX:MXY) announces that it has extended its existing $10 million credit facility from Ross Beaty, its Chairman and CEO from a 12 month term to a 24 month term and has increased the amount available under the facility to $20 million. Draws will be made in tranches as necessary to meet working capital needs, particularly during the period that $28.8 million of Magma's cash resources are restricted under a four month bridging...

2010-12-14 23:56:21

While there continues to be considerable debate among geologists about the availability of oxygen in the Earth's mantle, recent discoveries by a University of Rhode Island scientist are bringing resolution to the question. Analysis of erupted rock from Agrigan volcano in the western Pacific near Guam found it to be highly oxidized as a result of its exposure to oxygen when it formed in the Earth's mantle. When, over millions of years, seafloor rocks are transported back into the Earth's...

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2010-12-13 13:50:00

By Pam Frost Gorder, Ohio State University Ohio State University researchers have found a new way to gauge the depth of the magma chamber that forms the Hawaiian Island volcanic chain, and determined that the magma lies much closer to the surface than previously thought. The finding could help scientists predict when Hawaiian volcanoes are going to erupt. It also suggests that Hawaii holds great potential for thermal energy. Julie Ditkof, an honors undergraduate student in earth sciences at...

2010-12-07 15:35:00

VANCOUVER, Dec. 7 /PRNewswire/ - Magma Energy Corp. (TSX:MXY) advises that Magma Energy Sweden A.B. ("Magma Sweden") has provided a payment of approximately ISK 3.08 billion (USD 27 million) to Geysir Green Energy ehf ("GGE") to fund the final payment owing under the share purchase agreement between Magma Sweden and GGE pursuant to which Magma Sweden acquired its 98.53% interest in HS Orka hf.  Magma has arranged a short term loan to provide funding for this payment which loan is...

2010-12-06 12:30:00

DETROIT, Dec. 6, 2010 /PRNewswire-USNewswire/ -- SAE International's Professional Development department actively supports the Michigan Academy for Green Mobility Alliance (MAGMA) through participation on the governing board, the advisory group, the curriculum expansion committee, and the evaluation committee. MAGMA was created in response to the rapid growth in the renewable energy sector. It was done so by the Michigan Department of Energy, Labor & Economic Growth, in...

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2010-11-19 09:54:15

The Soufriere Hills Volcano on Montserrat erupted in 1995, and an international team of researchers has studied this volcano from land and sea since then to understand the workings of andesite volcanos more completely. "To the extent that the Soufriere Hills Volcano is typical of andesitic dome building volcanoes, results from this research can be expected to apply more generally," said Barry Voight, professor emeritus of geosciences, Penn State. Voight and R. S. J. Sparks, the Channing Wills...

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2010-11-16 09:44:21

The Earth is constantly manufacturing new crust, spewing molten magma up along undersea ridges at the boundaries of tectonic plates. The process is critical to the planet's metabolism, including the cycle of underwater life and the delicate balance of carbon in the ocean and atmosphere. Now, scientists at the Woods Hole Oceanographic Institution (WHOI) have observed ocean crust forming in an entirely unexpected way"”one that may influence those cycles of life and carbon and, in turn,...

2010-11-01 09:59:00

NEW YORK, Nov. 1, 2010 /PRNewswire/ -- The project known as The World Park, an event and campaign created for New York's Parks and Recreation group, launched in Central Park on Arbor Day weekend 2010. The event received over 1,500 participants and has been announced the FWA Mobile Site of the Day and finalist at the 2011 One Show Interactive for its innovative and integrated branding campaign. "The project has received so much recognition from the industry -- we couldn't be more excited....


Latest Magma Reference Libraries

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2005-05-25 18:34:42

Scoria is a term used by geologists to describe an igneous rock containing many gas bubbles, or vesicules. Scoria forms when magma rich in dissolved gases is vented. As the magma encounters lower pressures, the gasses are able to escape and form bubbles. These bubbles are trapped when the magma cools and solidifies. Volcanic cones of scoria can be left behind after eruptions, usually forming mountains with a crater at the summit. An example is Mount Wellington, Auckland in New Zealand....

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Word of the Day
penuche
  • A fudgelike confection of brown sugar, cream or milk, and chopped nuts.
'Penuche' is a variant of 'panocha,' a coarse grade of sugar made in Mexico. 'Panocha' probably comes from the Spanish 'panoja, panocha,' ear of grain.
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