In this work, the effect of CaO and Fe2O3 on the geopolymer made from mine tailing and melting slag has been studied. Geopolymer was made from mine tailing, melting slag and blast furnace slag. The mechanical property of geopolymer prepared was affected by raw material used. Compressive strength of the geopolymer using blast furnace slag was higher than the geopolymer using melting slag. Because CaO and Fe2O3 content of two-type geopolymers was different. Therefore, the content of these controled to find out how to affect the property of geopolymer. According to the result of FT-IR(Fourier transform infrared spectroscopy), the compressive strength of geopolymer increased by activation of CS- H gel with increasing CaO content. In contrast, the compressive strength of geopolymer decreased by inhibition of geopolymerization with increasing Fe2O3 content. According to the result of XRD(X-ray diffraction), the geopolymerization was weakened by formation of olivine, goethite.