Eldfell is a volcanic cone just over high on the Icelandic island of Heimaey. It formed in a volcanic eruption which began without warning on the eastern side of Heimaey, in the Westman Islands, on 23 January 1973. The name means Hill of Fire in Icelandic. The eruption caused a major crisis for the island and led to its temporary evacuation. Volcanic ash fell over most of the island, destroying around 400 homes, and a lava flow threatened to close off the harbour, the island's main income source via its fishing fleet. An operation was mounted to cool the advancing lava flow by pumping sea water onto it, which was successful in preventing the loss of the harbour. After the eruption, the islanders used heat from the cooling lava flows to provide hot water and to generate electricity. They also used some of the extensive tephra, fall-out of airborne volcanic material to extend the runway at the island's small airport and as landfill on which 200 new houses were built. Iceland is a region of frequent volcanic activity, due to its location astride the Mid-Atlantic Ridge, where the North American and Eurasian Plates are moving apart, and also over the Iceland hotspot, which greatly enhances the volcanic activity. It is estimated that a third of all the basaltic lava erupted in the world in recorded history has been produced by Icelandic eruptions. The Vestmannaeyjar (Westman Islands) archipelago lies off the south coast of Iceland, and consists of several small islands, all formed by eruptions in the Holocene epoch. Heimaey, the largest island in the group and the only inhabited one, also contains some material from the Pleistocene era. The most prominent feature on Heimaey before 1973 was Helgafell, a 200 meters (650 ft) high volcanic cone formed in an eruption about 5,000 years ago. The Vestmannaeyjar archipelago was settled in about 874 AD, originally by escaped Irish slaves belonging to Norse settlers on the mainland. These settlers gave the islands their name, Ireland being west of mainland Scandinavia.