Lava Could Fill Nátthagi Valley in Three Months From Nátthagi valley. Photo/Elvar Ólafsson Vala Hafstað Protective walls raised to slow down the lava flow did not prevent the lava from reaching Nátthagi valley, from where it could eventually threaten both a fiber optic cable for the Reykjanes peninsula and Suðurstrandarvegur – the road along the south coast of the peninsula. “According to our first assessment, based on the size of Nátthagi and the slope of the lava elsewhere, it will take about three months [for the valley to fill up],” Magnús Tumi explains. Geophysicist Magnús Tumi Guðmundsson.
The Icelandic State Financial Investments, “ISFI” (Bankasýsla ríkisins), on behalf of the Treasury of Iceland, and Íslandsbanki hf., have confirmed their intention to proceed with the next step towards an initial public offering (IPO) and listing of shares in Íslandsbanki on Nasdaq Iceland.