the little grond canyon of the kennecott is the largest man-made hole on earth famous copper pit of the ken necott copper company is located near bingham utah the interesting contour plowing is the result of open pit mining for many yeors utah construction has been re tained to perform a variety of services in the develop nent of this mine as this amazing open pit mine deep ened r problem the solution h utah construction com efficient means of remo pit in the foreground part of the equipment v , been haulage tunnels which iny has been building os an lg ore from the bottom of the one of our new rotary drills employed for accelerated re moval of the overburden in the upper levels of ihe pit sually successful in our efforts to obtain new work we cannot sustain the rate of construction activity and the earnings experienced during the last two years in its 52 years of existence utah construction company has grown from an original capital of 25,000 to its present net worth of 16,288,457 this was made possible by the combined efforts of those loyal employees who have devoted all or a major part of their working lives to the furtherance of the company's interest to assist the permanent employees to meet the problem of ultimate retirement the board of directors adopted a retirement plan based on profit sharing under the terms of the plan an amount equal to not less than 67c of net worth from each year's earnings is first set aside for stock holders and then the company contributes a portion of any remaining earnings to a trust for the benefit of member employees during the past year the company's contribution to the plan was at the maximum rate which is limited by the government to 15 of the compensation paid to the members of the plan and the effect was to reduce net profits by 56e a share your board of directors only one member of whom derives any personal benefit from the plan studied the matter very carefully and determined that the fc ______ the two-bedroom duplex housing unit above was built by utah construction company in partnership with henry c beck company at mather field california consisting of 750 units ihis project was completed in 1 952 and provides comfortable and attractive quarters at low rent for airmen and their families at the right two views utah co of the americas on the colombian national highway colombia s a financed by funds from the international bank for re construction and development work has been in progress the past year and is expected to continue for approximately two more years