Banded iron formations (BIFs; also called banded ironstone formations) are distinctive units of sedimentary rock consisting of alternating layers of iron oxides and iron-poor chert. They can be up to several hundred meters in thickness and extend laterally for several hundred kilometers. Almost all of these formations are of Precambrian age and are thought to record the oxygenation of the Earth's oceans. Some of the Earth's oldest rock formations, which formed about (Ma), are associated with banded iron formations.
Banded iron formations are thought to have formed in sea water as the result of oxygen production by photosynthetic cyanobacteria. The oxygen combined with dissolved iron in Earth's oceans to form insoluble iron oxides, which precipitated out, forming a thin layer on the ocean floor. Each band is similar to a varve, resulting from cyclic variations in oxygen production.
Banded iron formations were first discovered in northern Michigan in 1844. Banded iron formations account for more than 60% of global iron reserves and provide most of the iron ore presently mined. Most formations can be found in Australia, Brazil, Canada, India, Russia, South Africa, Ukraine, and the United States.
A typical banded iron formation consists of repeated, thin layers (a few millimeters to a few centimeters in thickness) of silver to black iron oxides, either magnetite (Fe3O4) or hematite (Fe2O3), alternating with bands of iron-poor chert, often red in color, of similar thickness. A single banded iron formation can be up to several hundred meters in thickness and extend laterally for several hundred kilometers.
Banded iron formation is more precisely defined as chemically precipitated sedimentary rock containing greater than 15% iron. However, most BIFs have a higher content of iron, typically around 30% by mass, so that roughly half the rock is iron oxides and the other half is silica. The iron in BIFs is divided roughly equally between the more oxidized ferric form, Fe(III), and the more reduced ferrous form, Fe(II), so that the ratio Fe(III)/Fe(II+III) typically varies from 0.