I reviewed an ecological and environmental significance of microbial carbon respiration coupled to dis-similatory reduction of fe(III) to Fe(II) which is one of the major processes controlling mineralization of organic matter and behavior of metals and nutrients in various anaerobic environments. Relative significance of Fe(III) reduction in the mineralization of organic matter in diverse marine environments appeared to be extremely variable, ranging from negligible up to $100\%$. Cenerally, Fe(III) reduction dominated anaerobic car-bon mineralization when concentrations of reactive Fe(III) were higher, indicating that availability of reactive Fe(III) was a major factor determining the relative significance of Fe(III) reduction in anaerobic carbon mineralization. In anaerobic coastal sediments where $O_2$ supply is limited, tidal flushing, bioturbation and vegetation were most likely responsible for regulating the availability of Fe(III) for Fe(III) reducing bacteria (FeRB). Capabilities of FeRB in mineralization of organic matter and conversion of metals implied that FeRB may function as a useful eco-technological tool for the bioremediation of anoxic coastal environments contaminated by toxic organic and metal pollutants.