romania copper privatisation, page-28

some relevant points:

-have you guys noticed that Europe is in full scale economic crisis so it will be extremely hard to sell any copper output in the current economic circumstances
- EU countries have incredibly strict employment laws making it almost impossible to downsize employment numbers to increase efficiency.
- Environmental regulation compliance will be incredibly onerous. Note that the company is moving from state ownership to foreign ownership ensuring the local bureaucrats will have a field day enforcing all the relevant legislation. It would realistically take Ozl years to get its relevant approvals approved etc.