There is a new paper published in the November 2009 issue of Geology 
that argues that the Sudbury Impact in Canada ended the creation of 
Banded Iron Formations during the Precambrian.

The paper is

Slack, J. F. and W. F. Cannon, 2009, Extraterrestrial demise of banded 
iron formations 1.85 billion years  ago. Geology. vol. 37, no. 11, pp. 
1011-1014, 
doi:10.1130/G30259A.1

http://geology.gsapubs.org/content/37/11/1011.abstract

Previous Geological Society of America Meeting abstracts can be found at:
http://gsa.confex.com/gsa/2009AM/finalprogram/abstract_162145.htm
and http://gsa.confex.com/gsa/2008AM/finalprogram/abstract_146662.htm

Other web pages:

Banded iron formation 
http://en.wikipedia.org/wiki/Banded_iron_formation

Banded Iron Formation
http://jersey.uoregon.edu/~mstrick/RogueComCollege/RCC_Lectures/Banded_Iron.html

Geologic evidence for major environmental change 
http://tiny.cc/BandedIronClimate 
http://academic.udayton.edu/MichaelSandy/Global%20warming%20powerpoints/Geologic%20evidence%20for%20global%20change.ppt

Yours,

Paul H.
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