ASX 100 top gainers of the past week

Fortescue Metals Group hits its production goal and Arrium expands as an iron ore producer.

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The S&P ASX 100 Index (ASX: ^XTO) rose 0.6% in the past week. The Aussie dollar ended the week at 92.58 cents to the US$ up 1.9% over five days. The gold spot price retreated to below US$1,300/oz, ending the week down 3.1% at US$1,291/oz.

Here are the five top ASX 100 gainers of the week.

Arrium Ltd (ASX: ARI) price: $1.38 +7.81%

This steel maker also mines iron ore. It exported a record amount of iron ore in the first half of FY2014 and underlying net profit after tax was way up on 1H 2013.

Oz Minerals Limited (ASX: OZL) price: $3.42 +7.55%

The copper miner operates its Prominent Hill copper-gold mine and has a copper-gold project called Carrapateena, which is at the pre-feasibility stage.

The stock was removed from the ASX 100 Index after market close on 21 March.

Fortescue Metals Group Limited (ASX: FMG) price: $5.34 +7.23%

The iron ore miner completed its Pilbara expansion during the week and has achieved its 155 million tonnes per annum production capacity target on schedule. The company is the fourth largest iron ore producer in the world.

UGL Limited (ASX: UGL) price: $6.99 +6.23%

Last month the engineering and property services provider was awarded a $740 million contract for work at the Ichthys LNG project near Darwin.

The stock was removed from the ASX 100 Index after market close on 21 March.

Monadelphous Group Limited (ASX: MND) price: $16.84 +4.66%

The engineering and construction company won a total of $250 million in contracts for gas processing facilities in Queensland this month. This follows the award of a $680 million contract for work at the Ichthys LNG project near Darwin in February.

Foolish takeaway

It’s encouraging to see Fortescue hitting its goal, as it forecast in its interim report. If it can continue paying down its debt, I believe the stock can move forward. You should follow this story and watch the progress.

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Motley Fool contributor Darryl Daté-Shappard does not own shares in any company mentioned. 

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