three generations of progress shortly after its founding some 60 years ago utah construction & mining co played a major role in the opening of the west building 700 miles of western pacific railroad trackage through cali fornia's feather river canyon in later decades utah was a prominent partici pant in the construction of boulder grand coulee and bonneville dams the san francisco-oakland bay bridge al can highway and st lawrence seaway followed in subsequent years utah's portfolio has seldom been without a con struction project of this magnitude the post-war period however has witnessed some significant changes in the nature of utah's activities and growth since its introduction to contract min ing during world war ii the company has developed its own mineral properties and maintains a program of mining opera tions and mineral development activities embracing several continents utah has become a leading producer of iron ore in the western united states and south america and also mines and processes uranium copper and coal these activi ties are complemented by a shipping affili ... ate's fleet of specialized ore carriers which . transport iron ore products to steel makers '-. throughout the world utah has also applied its construction j experience and resources to the creation i and improvement of land in the southern :! california and san francisco bay areas the company has under development and for sale a number of residential and in dustrial land properties other properties are being held for future development or investment the company's construction portfolio continues to be a sign of the times containing military defense proj ects in addition to a heavy backlog of conventional work the last ten years have also seen utah's annual earnings increase several times over prior levels and the formation of the vast majority of total growth in shareholders equity left preparing s early 1900's right atlas f built by utah joii base kansas ad bed during ssile in readiness over silo nture at schilling air force