Answer should be E.
A conjunction such as "because" usually opens a new clause, and should be followed by a subject and verb:
I like Jane because she is smart.
however, the addition of a preposition ("of" or "to") changes this rule: 'Because of' or 'owing to' should be followed not by a clause, but rather by a thing or list of things (nouns): ..."because of A", or "because of A, B, and C".
e.g. "I like cinemas because of the air conditioning and comfy seats."
'owing to' in C is indeed followed by a list of things (erosion, movement and volcanic activity), but is then followed by "putting gold literally", where it is not clear who is the subject - who/what "put" gold in the hands of anyone with a shovel.
E solves this problem by taking the preposition out, so the conjunction "since" signals the beginning of a separate clause and rearranges the sentence so that the clause has a subject and a verb:
The plural subject of the clause is the list if A, B and C (erosion, movement and activity), and the verb is "put" - A, B, and C put gold in the hands of anyone with a shovel.