Mining Mogul Plans to Rebuild the RSS Titanic

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It never ceases to amaze me what people do with their extra pocket change. I couldn’t help but laugh at the announcement that a collective group of millionaires is investing in a project to mine on asteroids—including go-getter and film director, James Cameron. While I’m sure they are acting with the best intentions, I’m curious to hear if it will be cost effective (I have my doubts…).

If it doesn’t make dollars, it doesn’t make sense, right?

Well, there is another individual with a dream and money to burn who made headlines recently: Australian mining mogul, Clive Palmer.

First, a little background…

Palmer knows a thing or two about metals and as the director and owner of Mineralogy, he oversees quite a few interesting projects. Seriously, check out the company website for a good read. From Australian football to a golf and spa resort, I’m fairly sure he has an interest in everything.

According to Bloomberg, “the mining magnate has a fortune of A$5.05 billion (US$5.3 billion) and is Australia’s fifth-richest person, according to BRW magazine rankings. He is developing coal and iron-ore mines in Australia, including the $8 billion China First coal project in Queensland state. Last year, he dropped plans to sell shares in his company Resourcehouse Ltd. in Hong Kong after commodity prices fell.”

What is he up to now?

Well, no doubt doin’ Mr. Cameron proud, Palmer is rebuilding the RSS Titanic.

Yes, you read that correctly. Palmer is planning to rebuild the “unsinkable” ship—predicting a voyage from London to New York in late 2016. But this time, “it is going to be designed so it won’t sink,” the billionaire told the Australian media during a press conference. Further noting, “It will be designed as a modern ship with all the technology to ensure that doesn’t happen.”

Building his ship from scratch, Palmer will be mimicking the original look and feel of the Titanic, but adding in a few luxury perks, including: state-of-the-art technology and navigational systems, along with gymnasiums and swimming pools.

According to Bloomberg, “The ship would sail under his company, to be named Blue Star Line in reference to the Titanic’s owner. China’s navy would be invited ‘to escort Titanic II on its maiden voyage to New York,’ Palmer said.”

Should you be interested in joining Palmer on his unsinkable ship, look no further: I found the sign-up sheet.

Bon voyage, my friends! Hopefully, the ship makes it to port… 

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