By Vladimir Isachenkov posted: 10:07 am ET 23 October 2000 MOSCOW (AP) -- A senior Cabinet official said on Monday that the Mir space station will be dumped early next year, leaving no hope for the survival of the last symbol of Soviet space glory. "We are planning to bring the Mir down into the ocean at the end of February," Deputy Prime Minister Ilya Klebanov said, according to Russian news agencies. Klebanov, who is in charge of space policy in the Cabinet, had previously voiced hope that private funds may still save the nearly 15-year-old Mir. Earlier this year, the station had won a new lease on life when the Netherlands-based MirCorp signed a lease agreement and provided some funds to keep it aloft. On Monday, however, Klebanov left no doubt that the decision to dump Mir was final, saying that officials are now preparing details of the operation to discard the venerable station. His spokeswoman, Oksana Onishchenko, said that the official Cabinet decision to dump the outpost would be made later, but added that Mir would certainly be brought down. MirCorp executives have been in Moscow this month, trying to persuade government officials that Mir should remain in orbit. Jeffrey Manber, president of Mircorp, still held out hope. "We have cash flow estimates next year of over $100 million. We've demonstrated to the Russian government that we have the capability, if we can get through this crisis now," Manber said. He said he expected a formal Cabinet decision within two weeks. MirCorp had recently announced a drive to raise $117 million in a stock offering to refurbish the station and keep it flying. Its plans included sending Santa Monica, California businessman Dennis Tito as a tourist to the station early next year for $20 million. Russian space officials have grown increasingly skeptical about MirCorp's ability to raise the money needed to keep the station aloft. MirCorp had said it would finance last week's fuel-supply flight by a Progress cargo ship, but Manber said Monday that it will be able to come up with the money only in two to three weeks. Mir has been quickly losing altitude since its latest crew left in June, and Russian space officials have said it's necessary to raise the orbit now so that the 130-ton station doesn't fall out of control. The uncontrollable plunge of Mir would be a nightmare that Russian space officials need to avoid at all costs, since heavy fragments of the station could conceivably fall on populated areas. Klebanov said that another Progress with a larger amount of fuel would be launched to Mir to give it the final impulse to bring it down. The government has pledged to devote its scarce space funds to the new International Space Station, a 16-nation project led by the United States, and has been under an intense pressure from NASA to dump Mir.