Know all about Taconite and Banded iron formation properties here. All properties of rocks are important as they define the type of rock and its application. Taconite and Banded iron formation belong to Sedimentary Rocks.Texture of Taconite is Banded, Trellis whereas that of Banded iron formation is Banded, Trellis. Taconite appears Layered, Banded, Veined and Shiny and Banded iron formation appears Layered, Banded, Veined and Shiny. The luster of Taconite and Banded iron formation is earthy. Taconite and Banded iron formation are available in red, reddish brown colors. The commercial uses of Taconite and Banded iron formation are as a touchstone, cemetery markers, creating artwork.