A depressed aluminum market dragged down first-half earnings at Rio Tinto, the global mining company, which paid no interim dividend in order to husband cash and cope with $39 billion in net debt. Rio, fresh from a $15.2 billion rights issue, recorded a $206 million loss before interest, tax, depreciation and amortization at its Rio Tinto Alcan aluminum unit, compared with an ebitda gain of $2.38 billion in the first half of 2008
