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