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From BBC News:
Iceland has closed its the main airport and cancelled domestic flights after the country's most active volcano, Grimsvotn, began erupting. A plume of smoke has risen 20km (12 miles) into the sky from the volcano. But Iceland's Meteorological Office says the eruption should not cause widespread disruption to air traffic.

Last year, ash clouds from another Icelandic volcano, Eyjafjallajokul, led to the closure of a large section of European airspace. Governments feared that ash particles could cause aircraft engines to fail, and the closure caused chaos to air travellers.

Different ash

Hjordis Gudmundsdottir, a spokeswoman for the Isavia civil aviation authority - which has imposed a flight ban of 120 nautical miles (222 km) around Grimsvotn - said: "We have closed the area until we know better what effect the ash will have."

Keflavik airport, the country's main hub, will remain shut for the rest of the day, the authority said. But officials say the eruption is unlikey to have the same impact as last year's. Pall Einarsson, a geophysicist at the University of Iceland, said the 2010 eruption was a rare event.

"The ash in Eyjafjallajokull was persistent or unremitting and fine-grained," he said.

"The ash in Grimsvotn is more coarse and not as likely to cause danger as it falls to the ground faster and doesn't stay as long in the air as in the Eyjafjallajokull eruption."
Source: http://www.bbc.co.uk/news/world-europe-13489944

http://www.bloomberg.com/news/2011-05-2 ... ivert.html
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The eruption begun at about 6 p.m. yesterday in a crater underneath Vatnajokull Glacier, about 90 miles (145 kilometers) southeast of Iceland?s capital of Reykjavik. The volcano is the most active in Iceland and its last eruption ended in 2004.

Note: Iceland is on GMT/UT all year round with no daylight savings time. So the earthquake appears to have occured around 18:00 GMT on 21/05/2011.
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Mark
As thou conversest with the heavens, so instruct and inform thy minde according to the image of Divinity William Lilly

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Recent seismic activity at a volcano in Iceland has experts warning there could be an eruption that causes more travel disruption than back in 2010.

Seismologists are monitoring movement beneath the volcano called Katla - reportedly a far bigger threat to air-traffic than the Eyjafjallajokul volcano, which caused flight fiascos across Europe that cost airlines ?1.3 billion.

Small earthquakes and tremors around Katla have reportedly been growing in magnitude, moving up from level 3 tremors to a magnitude 4 quake last week, leading seismologists to warn an eruption could be on its way.

Records have shown that Katla usually has a large eruption twice a century, with its last being almost exactly 93 years ago.

http://www.mirror.co.uk/news/top-storie ... -23487045/

http://www.mirror.co.uk/news/top-storie ... -23487045/

This seems an interesting challenge for anyone interested in the astrology of volcanoes. Will this Volcano erupt soon? If so when?

To get the ball rolling here is the relevant ingress charts for 2011. Traditionally a fixed sign on the ASC as in this case means the Aries ingress chart applies for the whole year rather than just the quarter.
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Nevertheless, my practical experience is different and I have found the particular quarter chart is always relevent and worth consideration so I include the Libra ingress here as well:
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Mark
As thou conversest with the heavens, so instruct and inform thy minde according to the image of Divinity William Lilly

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Interesting subject Mark, a natural event prediction research.

Yesterday I made a notification of a (n accidentally discovered) refranation but the positions on 28 october of the Moon, Mercury and Venus close around 22? Scorpio, square to Mars in 22? Leo and sextile to Saturn in 21? Libra were the positions that first caught my attention. They all make aspect to the Aries ingress chart with MC on 26? Leo.

I also had a look at 1 June 2011 partial eclipse and visible in Iceland, close to the western horizon. Perhaps contrary to usual I experimented a bit with the moment at which the eclipse would be at its maximum in Iceland. According to NASA this was about 22:00 UT http://eclipse.gsfc.nasa.gov/OH/OHfigur ... -Fig02.pdf . I looked at topocentric (instead of geocentric) position. The result gives an MC in 19? Leo and square to Mars and Venus and in a wider orb, Mercury in Taurus. However no transits to the eclipse point itself 11? Gemini.

So my estimate is that there won't be much trouble, perhaps some spitting out of ashclouds causing black rain. In a symbolic way one could see this in the planets involved. The warm planets Moon, Mercury, Venus, Mars and the planet Saturn whose colour is black or ashy! according to Lilly http://www.skyscript.co.uk/colour.html