This is a story from Ahram Online:
Last night looters sneaked into the southern quarry of the upper Egyptian city of Aswan in an attempt to cut and remove the statue of King Ramses II. The statue is half buried in the sand as it was originally cut in red granite and left in situ. Following an immediate report from the quarry’s security guards, archaeologists along with security personal headed directly to the site where they caught the thieves red handed.The article has a few more details and some pictures of the colossal statue. Worrying if looters think they could get away with stealing a 160 ton statue.