the company's business utah construction company continues to engage in two principal fields of activity engineering and construction work of all types ; and open-pit mining of coal and iron ore the construction work performed in the united states or its possessions may be per formed by the parent company alone or in association with other contractors through joint venture agree ments or through participation in the ownership of separate corporations formed to conduct construction work our activities outside of the united states or its possessions are usually conducted through subsidiary companies our principal wholly owned subsidiaries are utah co of the americas a nevada corporation engages in construction activities within the western hemisphere but outside of the united states this company is currently interested in construction work in the republic of colombia where in association with local firms it is engaged in con struction of an extensive highway project and a canal and irrigation project compania utah s a is a company organized in mexico and has been in existence since 1942 the company was originally formed to take care of construction contracts in mexico primarily the southern pacific de mexico during the last year this company was engaged in the construction of a zinc fuming plant in chihuahua and in the drilling of wells in the vicinity of hermosillo utah peru inc is a nevada corporation which became active on november 1 1952 this company was formed to carry out engineering and construction activities in the republic of peru this company maintains offices in lima and in new york and is currently performing engineering work under contract with the american smelting and refining company mineha marcona ltda is a peruviaji corporation which has been performing the exploratory work in peru on the marcona iron ore deposit which utah construction company has under option the argonaut co ltd is a company incorporated under the laws of british columbia it operates an iron mine and mill on vancouver island 1946 1947 1948 1949 1950 1951 1952 1946 1947 1948 1949 1950 1951 1952 consolidated consouoated