Theories on the origin of the Itabira iron formation (itabirite) in Quadriltero Ferrfero (QF), as elsewhere in the world, are restricted by the apparent lack of adjoining volcanic units, severe syndeformational metamorphism and deep weathering. Besides the three types of iron formations at QF (siliceous, dolomitic and amphibolitic; Dorr, 1969) we include a fourth type initially described as ocherous, goethitic, limonitic or even yellow iron formation. Considering its high magnetite content, it has been described as yellow magnetite itabirite (Pires, 1979). It was reported as formed by the alteration of the dolomitic itabirite (Dorr, 1969) although the anomalous Al2O3 contents are high for normal weathered itabirite. The yellowish magnetitic itabirite occurs at the bottom of the Itabira Iron formation, along the contact with the Batatal schists, and at the top units of the Itabira, within the Gandarela Formation. Within the magnetitic itabirite at the Tamandu iron ore mine there are metric zones, concordant to the bedding of pillow-like structures, exhibiting a porous core, surrounded by an intermediate, more granular zone with numerous, minute rounded cavities grading to an external, fine-grained zone with much less minute cavities. In the external portions of some pillows a breadcrust type structure, derived by quenching with the water can be observed. In some other zones, such as the Barreiro hill, an outer, vesicular, whitish yellow, 5 - 10 mm thick, band grades to an aphanitic, isotropic band. The vesicles are slightly flattened against the band surfaces. The existence of fragmental layers showing flowage and fragment alignment, kaolinitic laminas and vesicles filled with kaolinite at Barreiro Hill and Capito do Mato Mine represent mesoscopic structures, indicators of a possible volcanic origin. Chemical compositions of the magnetitic itabirite from a wide area in QF revealed a relatively high Al2O3 content, consistent with a volcanic origin.