The extensive literature on sulfide flotation indicates that pyrite poorly floats under alkaline condition. Xanthate concentration has a positive effect on pyrite flotation, but above a pH of 11, pyrite seems to be strongly depressed, independently of the concentration in xanthate. In this investigation, aeration and xanthate concentration effects were studied for pyrite flotation conditioned at pH 11 with lime. Results presented in this paper include surface infrared analyses and pulp chemistry measurements which have showed that aeration had a dual effect on pyrite flotation. It induced pyrite surface activation by oxygen, and oxidation of ferrous iron to ferric hydroxides or oxyhydroxides species. It also favoured dissolution of CO2, leading to calcium carbonate precipitation and adsorption onto pyrite surface. Both CO2 dissolution and ferrous oxidation generated protons and decreased pulp pH. Pyrite flotation was observed to be effective with a statistical monolayer of xanthate that could be adsorbed as mixture of dixanthogen and metal-xanthate complex. Non-floated fractions showed high amounts of carbonate, and presence of hydroxyl iron sulfate (Fen(OH)m(SO4)p, xH2O) which have inhibited the hydrophobicity effect of adsorbed xanthate. Environmental desulfurisation could be improved by aeration control causing pyrite oxidation and pH decrease to reach optimal flotation condition with a relatively low xanthate concentration.