contents financial highlights utah construction & mining co annual report 1969 1 financial highlights 2 letter to stockholders 4 company progress 5 operations 7 mining activities 19 construction activities 21 land development activities 24 personnel and data processing 25 consolidated financial statements 29 auditors report 32 financial data ten year summary 33 directors and officers the specimen of copper ore shown on the cover was obtained from utah's island copper deposit on vancouver island british columbia canada and symbolizes a year of outstanding advancement in the mining field through the negotiation of long term contracts the expansion of current mining operations and the preparation for the opening of three major mines that will produce copper coking coal and uranium construction of the island copper mine and attendant facilities is underway the goonyella coking coal program in queensland australia should be operative in 1971 and the shirley basin uranium mine and mill in wyoming will be completed in late 1970 the expenditure of funds on these three projects will approximate 175 million