Rocks are naturally occurring solids which are composed of minerals & have been used by humans since ages. From Stone Age, rocks are used for various purposes. Also, the metals and minerals found in rock play an important role in our life. Get to know all the Taconite Uses. We have provided you with all information about Taconite rock here. Taconite is a low-grade iron ore which belongs to sedimentary rock and containing about 27% iron and 51% silica. Taconite is available in red, reddish brown colors. The streak of a rock is the color of powder produced when it is dragged across an unweathered surface. The streak of Taconite is white. Get to know more about Taconite rock and characteristics of Taconite rock in the next sections.