Know all about Laterite and Taconite properties here. All properties of rocks are important as they define the type of rock and its application. Laterite and Taconite belong to Sedimentary Rocks.Texture of Laterite is Earthy, Massive, Porphyritic whereas that of Taconite is Banded, Trellis. Laterite appears Rough and Banded and Taconite appears Layered, Banded, Veined and Shiny. The luster of Laterite is dull while that of Taconite is earthy. Laterite is available in brown, buff, red colors whereas Taconite is available in red, reddish brown colors. The commercial uses of Laterite are an oil and gas reservoir, source of bauxite, used in aquariums and that of Taconite are as a touchstone, cemetery markers, creating artwork.