Orano - Annual Activity Report 2024 31 SITUATION AND ACTIVITIES OF THE COMPANY AND ITS SUBSIDIARIES DURING THE PAST FINANCIAL YEAR 2 The group’s businesses 2.3 The group’s businesses Refocused on all nuclear fuel cycle operations, Orano operates in Mining, the Front End and the Back End of the cycle, as well as other activities. SCOPE OF ORANO OPERATIONS AT DECEMBER 31, 2024 Source: Orano Mining Mining Chemistry Enrichment Front End Nuclear Medicine Other activities Recycling Back End Nuclear Packages and Services Dismantling and Services Engineering Battery Program Back End of the Future program 2.3.1 Mining The group’s mining activities concern the production and commercialization of natural uranium, which is used after conversion and enrichment to produce fuel for nuclear reactors. The principal operational businesses of the Mining business follow the lifecycle of a mine, i.e.: ● exploration: search for new deposits; ● development of mining projects: detailed studies, procurement and construction; ● production: extraction, using various mining techniques, followed by processing of uranium ore (concentration of natural uranium by chemical means); ● site redevelopment and conversion after operation: rehabilitation of mining sites in accordance with current environmental standards, followed by environmental monitoring. The lifecycle of a mine is shown in the following diagram.
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