big eildon dam project in australia built under the sponsorship of utah construction ltd big eildon will store 2,750,000 acre-feet of water and required excavation of more than six million cu yds of rock mg a 5-yard shovel to an island quarry for use in loading rock for the mazatlan mexico harbor breakwater section of the extensive road building program in colombia s a unloading air compressor unit at te of the sang dong tungsten mine and mill in korea utah construction company act technical consultant for these mining properties and i engaged in a railroad rehabilitati project in korea far left ore crushed at marcona iron mine in southern peru showing elaborate dust collecting system installed to give greater protection to men and equipment working near the crushing operations left a typical staff house built by utah co of the americas for marcona mining company in peru 30 such houses were completed during the year and additional housing was built for the empleados and obreros foreign work during the year utah construction company and its affiliated com panies directly or through joint venture were operating in alaska canada mexico panama colombia peru haiti korea guam and australia the services that we performed included engineering con tracts consulting activities on mining operations residential and non residential building highways and heavy construction work our foreign work was generally profitable and produced a more favorable return than domestic construction where the problems are less difficult but competitive profit margins are narrower there is a great need for construction services in foreign lands to raise the standards of living of the people and to take fuller advantage of unused natural resources the pace at which this work can be soundly undertaken will continue dependent upon the availability of capital in the various countries and this in turn will be influenced by the political stability of the country itself its attitude toward foreign in vestment currency convertibility and the prospects for attractive profit as the nations of the world move toward greater political and economic maturity the freer flow of capital will stimulate development programs and construction activity