Australian mining minnows head for the clouds

SYDNEY, Feb 4 (Reuters) – Several failed Australian mining firms are finding a profitable future above ground – in the cloud. Three small mining shell firms are the target of reverse takeovers on the Australian Stock Exchange (ASX) to transform into cloud computing services firms, looking to capitalise on Australia’s reputation as a “benign host” in the booming cloud industry.

http://www.reuters.com/article/2014/02/03/australia-cloud-miners-idUSL3N0L41AO20140203