(Ti,Ta)(C,N) solid solution-based cermets with cobalt as the binder phase were synthesised by a two-step milling process. The titanium-tantalum carbonitride solid solution (the ceramic phase) was obtained via a mechanically induced self-sustaining reaction (MSR) process from stoichiometric elemental Ti, Ta, and graphite powder blends in a nitrogen atmosphere. Elemental Co (the binder phase) was added to the ceramic phase, and the mixture was homogenised by mechanical milling (MM). The powdered cermet was then sintered in a tubular furnace at temperatures ranging from 1400°C to 1600°C in an inert atmosphere. The chemical composition and microstructure of the sintered cermets were characterised as ceramic particles grown via a coalescence process and embedded in a complex (Ti,Ta)-Co intermetallic matrix. The absence of the typical core-rim microstructure was confirmed.