An Australian mining magnate plans to build a replica of the Titanic . Construction is to begin next year in a Chinese shipyard . The ship will be built by Italian shipbuilder Fincantieri and cost about $US1 billion ( $1.7 billion ) A new documentary on the Titanic, which was sunk off Ireland in 1912, has The Titanic sank in 1912 on its maiden voyage , leaving more than 1,500 dead .
An Australian mining magnate plans to build a replica of the Titanic . Construction is to begin next year in a Chinese shipyard . He says the ship will be every bit as luxurious as the original . The Titanic sank in 1912 on its maiden voyage , leaving more than 1,500 dead .