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Beattie played a key role in promoting new initiatives for the continued success of the coal industry throughout his time as premier.
"We did not always agree, but there was never any doubting that he backed a strong and growing resources sector and understood the significance of the sector to the state's continuing economic prosperity," Queensland Resources Council CEO Michael Roche said.
"He saw the important role mining and exploration can make - backing this up with the programs to aid in the discovery of new mines."
Roche said Beattie had been an unwavering supporter of the state' $18 billion coal industry at a time when it has been far from fashionable.
"He has been passionate about the need to create momentum for clean coal technology - as a result, the coal sector and the State Government have forged a $900 million alliance on clean coal demonstration projects," Roche said.
The first meeting of the new Clean Coal Council, to be chaired by the premier, will take place today.
Announcing his retirement yesterday, Beattie pointed to the need for a fresh start, saying renewal is vital for the future of any government or political party and the election of Anna Bligh as premier would provide that renewal.
"The Government has a strategy for the future and now we need new leadership to take Queensland forward," he said.
Beattie will resign as premier on Thursday, after caucus elects a new leader tomorrow.