The Tieshanmiao hosted by the metamorphosed Paleoproterozoic Upper Taihua Group, is a large-scale BIF–hosted Fe deposit in the southern margin of the North China Craton. The formation age, BIF type, depositional condition as well as the genesis of pyroxene–rich BIF is under heated debate. In this study, we present petrology, whole–rock geochemistry, zircon U–Pb geochronology and Lu–Hf isotope analyses on the Tieshanmiao Fe deposit. The Fe ore of the deposit can be divided into two sub-types, including banded pyroxene–magnetite quartzite (BMQ) and disseminated magnetite pyroxenite (DMP). The hanging wall rock pyroxene biotite gneiss yields an upper intercept age of 2406 ± 24 Ma, interpreted as the lower limited age for BIF deposition. The foot wall rock garnet–bearing biotite plagioclase gneiss yields a weighted mean 207Pb/206Pb age of 2739 ± 12 Ma, interpreted as its maximal depositional age. Lu-Hf isotope systematics indicates that pyroxene biotite gneiss is derived from the Paleoproterozoic mantle contaminated by the crust, and the provenance of garnet–bearing biotite plagioclase gneiss is derived from a Mesoarchean crust.The primary mineral assemblages of the pyroxene–rich Tieshanmiao Fe deposit are Fe–silicate, Ca/Mg–carbonate, ferrihydrite, and minor quartz. The BMQs have high and variable Y/Ho ratios (40–80), recording periodic alkaline hydrothermal injection that is progressively diluted by seawater, while the DMPs have low and constrained Y/Ho ratios, archiving well–supplied alkaline hydrothermal injection. We propose a REY (lanthanide elements and Y) modelling of multi–Fe sources for the Tieshanmiao BIF deposit. The BMQs are sourced from seawater and high–T hydrothermal fluid, while the DMPs are sourced from seawater, high–T hydrothermal fluids and one or several additional Fe fluxes (e.g. high-Fe dissolved riverine fluxes, low–T hydrothermal fluids or benthic Fe shuttles driven by dissimilatory iron reduction).The basic gneisses as metabasalts associated with the Tieshanmiao Fe deposit are characterized by high–Fe assay, variable LREE enrichment, relatively depletion in Nb, Ta, Zr, Ti, Y, and Th. The geochemistry of the basic gneisses shows affinities to both MORBs and volcanic–arc basalts, indicating a back–arc basin setting of the BIF deposition. It is most likely a Superior–type BIF–hosted Fe deposit, which is formed in a back–arc basin along the craton–side continental shelf.