Abstract: A thermal two-step process for producing ferronickel (FeNi) alloy particles from a nickel-containing sulfide material is provided. The process comprises heating a solid mixture comprising a nickel-containing sulfide material and an iron-containing material in agglomerated form, in an inert or reducing atmosphere to a heating temperature at which the solid mixture is partially molten and obtaining a hot mixture comprising a nickel-containing liquid phase, gangue, and FeNi alloy particles, and then controlled cooling of the hot mixture to increase the particle size and Ni content of said FeNi alloy particles and obtaining a processed material comprising said FeNi alloy particles having an increased particle size and an increased Ni content. Finally, the FeNi alloy particles are separated from the processed material. There is also provided FeNi alloy particles obtained from the process.