The lack of organic carbon in banded iron formation argues against microbial control of BIF deposition. On the other hand, there is fossil evidence for abundant photosynthesizing cyanobacteria at the start of BIF deposition and of hydrocarbon markers in shales within banded iron formation of the Pilbara craton. The carbon that is present in banded iron formations is enriched in the light isotope, 12C, an indicator of a biological origin. If a substantial part of the original iron oxides was in the form of hematite, then any carbon in the sediments might have been oxidized by the decarbonization reaction: