Why did large companies take over the mining of underground lodes?

Answer 1

Large companies took over the mining of underground lodes primarily due to the need for significant capital investment, advanced technology, and expertise required for efficient extraction. These companies could better manage the risks associated with mining operations, including geological uncertainties and fluctuating commodity prices. Additionally, consolidation allowed for economies of scale, enabling larger firms to optimize production and reduce costs, ultimately leading to higher profitability. This shift also facilitated improved regulatory compliance and environmental management, as larger firms had the resources to meet stricter industry standards.