More Than X M Tonnes Of Fuel Stolen: African Minerals Edition

I was casually reading simply about "selected additional information" on the fiscal status of African Minerals (a large Fe ore mining fellowship listed inward London). [Hat tip to FT Alphaville.]

You tin terminate uncovering the PDF here.

In explaining the abnormal charges from previous years at that topographic point is the next explanation:

Fuel Misappropriation 

Our best gauge for misappropriated fuel of $18.0 meg was recorded inward 2012 inside the aggregated income statement. This gauge has been based on extrapolation procedures as well as has hence involved the role of estimates. We direct maintain taken a position out of measures to mitigate the direct a opportunity of farther such losses occurring, such equally employing a specialized in-house fuel consumption command team. The investigation is ongoing, soundless inward 2013 at that topographic point direct maintain been no developments which direct maintain led to an amendment to our master estimate.

Wholesale fuel prices are less than $1000 per tonne. Even yesteryear the fourth dimension you lot instruct it to Sierra Leone the toll is probable to hold upwardly less than $1500 per tonne.

The amount of fuel stolen is probable to hold upwardly over 10 K tonnes.

Influenza A virus subtype H5N1 quite large tanker truck contains 35 tonnes of fuel.

So this is 285 tanker trucks. Probably to a greater extent than equally I direct maintain rounded downward the amount of fuel as well as upwardly the size of a tanker truck.

One per working day.

I wonder how they didn't notice them driving away.





John