I would say that the elves' problem with the dwarves and their harvesting of the earth centered alot more around trees then around their mining etc. There are many references in the books to support this.
The dwarves needed a constant supply of fresh wood for their furnices and smithies and unlike the elves who mostly used dead wood for their fires, they had no problems with the felling of trees.
I am sure the elves had no real concerns with the dwarves' minings and if they did it would only be because of the extent to which they'd do it-always wishing for more, delving deeper.
Osse
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'A thinking tyrant, it seemed to Vetinari, had a much harder job than a ruler raised to power by some idiot system like democracy. At least HE could tell the people he was THEIR fault.'
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