The invention provides a method for synchronously extracting 
boron and iron in paigeite. The method comprises the following steps: fully mixing a paigeite 
powder and an additive composed of 
sodium carbonate, 
sodium sulfate, natrium humate, 
sodium fulvate and 
sodium oxalate by mixing, agglomerating, performing reduction 
roasting on dried paigeite agglomerates which take 
coal as a 
reducing agent, cooling the 
roasting agglomerates and placing in a bowl mill, synchronously 
grinding ore and leaching by water, performing 
solid-liquid separation on a pulp to obtain a filtrate containing 
sodium metaborate and filter residues containing metallic 
iron powder, evaporating and crystallizing a filtrate to obtain the 
sodium metaborate crystals; employ a wet type weak 
magnetic separation on the filter residue to obtain the directly reduced metallic 
iron powder with iron grade greater than 90%, wherein the metallic 
iron powder is a high-quality furnace material used for making steel of an electric furnace; and treating the 
magnetic separation nonmagnetic products to recover the valuable components such as 
magnesium and 
silicon. The method has the advantages of strong 
raw material adaptability, simple process flow, high production efficiency, less 
energy consumption, low cost, good comprehensive 
recovery effect of ferroboron and high product added value. The method provided by the invention can provide 
technical support for efficiently using the paigeite with abundant reserve volume for our country, and has wide popularization and application prospects.