In this paper, the research mainly focused on utilization of iron ore tailing of Panzhihua region. Based on the analysis of its components, Carbothermal Reduction Nitridation (CRN) method was selected to synthesize eco-friendly composite material. Different additives were tried to improve the property of the samples. The influence of different sintering temperature, holding time and contents of additives were taken into account, and orthogonal design was employed to obtain the optimal parameters. It indicated that only when the temperature was 1450°C and the holding time was 5 hours, the samples with the bulk density of 3.42g/cm3 was obtained. The phase and surface morphology were characterized by X-ray diffraction (XRD) and scanning electron microscopy (SEM). Experimental results showed that the phases of the product were Fe3Si and TiC0.3N0.7. The research provided a novel recycling process for ore tailings.