Fundamental studies on the transformations of iron oxides have been carried out and related to the solution conditions in the Becher process. The results show that a number of iron oxide interconversion reactions occur in the aeration reactor with the products depending on the pH, temperature and oxidation potential of the aeration liquor. It is concluded that the lack of process control in the aeration reactor of the Becher process significantly hinders the ability to predict and produce high quality single phase iron oxides of a consistent colour.