Using ICP-AES, EMPA and mineral magnetic measurement, the authors systematically analysed the mine waste and the surrounding soil of iron sulfide waste ore dump at Jiguanshan, Tongling. The results show that variations in heavy metal contents differ in different samples. Two mining waste sections with abandonment time being ten years (Section XO) and six years (Section XM) respectively exhibit an enrichment-leaching-enrichment model, while the section with abandonment time of three years (Section XN) shows an enrichment-leaching model. Taking migration into account, it is demonstrated that the heavy metals have potential impact on eco-environment. Researches on the magnetic susceptibility were also carried out to evaluate its relationship with heavy metal enrichment .In fact, there exists a close relationship between them. It is therefore considered that magnetic susceptibility is an effective indicator for variation in heavy metal concentrations, and may serve as a new method for studying heavy metal pollution.