Wastewater treatment has become a global challenge with wastewater treatment cost fast increasing. Industrial processes such as downstream processes, wastewater treatment, and several fermentation processes depend largely on the use of flocculants. Synthetic flocculants, which are conventionally used in wastewater treatment, are hazardous to the environment and are carcinogenic to human health. Therefore, bioflocculants can be used as an alternative due to their biodegradable and environmentally friendly nature. However, low efficacy hinders their industrial application. This necessitates the need for a new technology to combat wastewater treatment challenges. Nanotechnology provides the platform to explore the possible solutions to these problems. The combination of two different metals results in the formation of bimetallic nanoparticles (BNPs). Due to better properties, bimetallic nanoparticles have attracted huge attention as compared to monometallic nanoparticles from both technological and scientific views. Iron copper bimetallic nanoparticles (FeCu BNPs) were successfully stabilized by bioflocculant and used in the coal mine wastewater treatment. Infrared spectrometric analysis showed the presence of carboxyl (COO−), hydroxyl (−OH), and amino (−NH2) functional groups. SEM images showed irregular and crystalline like morphology. Meanwhile, TEM analysis revealed chain like agglomerated nanoparticles. FeCu BNPs exhibited a wide pH stability range from 3, 7, and 11 with 99% flocculation activity at pH 7 and at lowest dosage of 0.2 mg/mL. After treating wastewater, the FeCu BNPs could remove pollutants such as phosphate, sulfate, calcium, chemical oxygen demand (COD), and biological oxygen demand (BOD) with phosphate having the highest removal efficacy of 99%.