Vale, the world's second largest iron ore giant, has suspended production at some iron mines due to heavy rains in southeastern Brazil. Vale said in a statement on Monday that it had partially suspended iron ore production in the southeastern and southern systems and train services on the Estrada de Ferro Vitoria a Minas railway in order to ensure the safety of its employees and communities. In a statement on Monday, despite the torrential rain, Vale reiterated its production target of 320 million to 335 million tons by 2022