Clive Palmer, born on March 26, 1954, is the owner of Mineralogy, a mining company in Australia. He is an Australian mining billionaire. He also owns coal, iron and nickel companies as well as golf courses. He plans to construct a replica of the RMS Titanic, to be called the Titanic II. This vessel is projected to set sail in 2016. The ship will have 835 cabins and will retrace the trip from Southampton to New York where the original Titanic sank and more than 1300 people perished. The Titanic II will have a similar design to the original Titanic, both with modern technology.