Many of the world's larger iron ore deposits are hosted by rock sequences of Archaean to early Proterozoic age. Most models for the genesis of these deposits are influenced, either directly or indirectly, by the nature of the atmosphere at the time of their formation, and more specifically by the presence or absence of oxygen in the early atmosphere._x000D_
Since the early-1950s, the geological literature suggests that the Archaean atmosphere was reducing', and that it may not have contained significant amounts of free oxygen until ca 2 Ga. There are many different definitions of the term reducing', but the criterion adopted here is whether crustal iron was limited to Fe2+, or whether Fe3+ was also widespread, ie was there scope for redox changes in the state of iron? Significantly, major Australian banded iron formations span this period of inferred atmosphere transition, eg Mt Goldsworthy, Mt Tom Price, Middleback Ranges._x000D_
Geological evidence for a reducing Archaean atmosphere is both ambiguous and controversial (see review by Phillips, Law and Myers, 2001). Many earlier ideas (eg no Archaean redbeds; all very large iron ore deposits being post-Archaean) have been disproved by dating, whereas other evidence (eg homogeneous detrital gold grains, inferred palaeosols) has not withstood geological scrutiny. The interpretation of some data sets (eg inferred detrital uraninite and pyrite in some Archaean meta-sedimentary rocks) is still controversial. In fact, some lines of evidence now suggest that oxygen was present in the atmosphere well before 2.5 Ga (eg sulfates in the Pilbara craton, carbon distribution in clastic sedimentary rocks)._x000D_
An oxidising Archaean atmosphere has important implications for the development of iron formations. First, the atmosphere is an obvious potential source of oxygen to stabilise ferric iron minerals. Second, reduced fluids in equilibrium with ferrous iron are commonly inferred to transport iron in solution to the depositional site. The redox state of the atmosphere thus provides critical constraints on the solution chemistry of surface waters, effective transport paths for iron and particularly on viable precipitation mechanisms. Iron formations developed from fluids in equilibrium with the atmosphere also have the potential to provide important constraints on the evolution of Earth's early atmosphere. If an oxygenated atmosphere is a necessary condition for the development of iron formations, then the Archaean atmosphere must have been oxidising since at least 3.5 Ga. If the redox state of the atmosphere is not a necessary condition, then the time distribution of iron formations cannot be used to provide constraints on atmospheric evolution._x000D_
Given these uncertainties, models for the genesis of iron ore deposits of Archaean or early Proterozoic age should not rely on a reducing atmosphere in the absence of independent evidence and the alternative of an oxidising atmosphere should also be considered.