6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16
Under the Securities Exchange Act of 1934

For the month of October, 2006
Commission File Number 1-1143

INCO LIMITED

(Translation of registrant’s name into English)

145 King Street West, Suite 1500
Toronto, Ontario M5H 4B7
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F þ                      Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).

Yes o                      No þ

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7).

Yes o                      No þ

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o                      No þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):                            

Furnished herewith is:

Exhibit 99.1  News Release dated October 27, 2006 of Inco Limited titled “Inco announces changes to Board of Directors and approves plan to de-list from NYSE and begin reporting as a ‘foreign private issuer’”

NOTE:  Inco Limited has historically satisfied its reporting obligations under the Securities Exchange Act of 1934, as amended, by filing reports on U.S. domestic issuer forms (such as Forms 10-K, 10-Q and 8-K). Effective today, Inco Limited will satisfy such reporting requirements by filing “foreign private issuer” forms (such as Forms 6-K and 20-F).

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date:  October 27, 2006	INCO LIMITED (Registrant)
	By:	/s/  Simon A. Fish
		Simon A. Fish
		Executive Vice-President General Counsel and Secretary

Exhibit Index

Exhibit No.	Description
Exhibit 99.1	News Release dated October 27, 2006 of Inco Limited titled “Inco announces changes to Board of Directors and approves plan to de-list from NYSE and begin reporting as a ‘foreign private issuer’”

EX-99.1

Exhibit 99.1

Inco announces changes to Board of Directors and approves plan to
de-list from NYSE and begin reporting as a “foreign private issuer”

Toronto, October 27, 2006 — Inco Limited (TSX, NYSE: N) (“Inco”) today announced that, following the acquisition by CVRD Canada Inc., a wholly-owned indirect subsidiary of Companhia Vale do Rio Doce (“CVRD”), of 174,624,019 Inco common shares, representing approximately 75.66% of Inco’s issued and outstanding common shares (on a fully-diluted basis), each of the members of Inco’s Board of Directors has resigned, with the exception of Scott Hand. The vacancies left by the departure of the incumbent directors have been filled with CVRD nominees Roger Agnelli (Chief Executive Officer, CVRD), José Auto Lancaster Oliveira (Executive Director, Non-Ferrous Minerals, CVRD), Murilo Pinto de Oliveira Ferreira (Executive Director, Equity Holdings and Business Development, CVRD), Fábio de Oliveira Barbosa (Chief Financial Officer, CVRD), Gabriel Stoliar (Executive Director, Planning, CVRD), Michael Phelps (independent), Mel Leiderman (independent), Stephen Wallenstein (independent) and Stanley Greig (independent). Roger Agnelli will serve as chair of the Board of Directors.

CVRD Canada has asked incumbent Inco Chief Executive Officer, Scott Hand, to remain with Inco to help oversee operations during the transition period.

Inco also announces that it intends to withdraw its common shares from listing on the New York Stock Exchange (the “NYSE”) and from registration under Section 12(b) of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”). Inco expects that the delisting will become effective in 20 days and that the deregistration will become effective in 100 days. The Company has not arranged for listing on any other U.S. national securities exchange or for quotation of the common shares in any quotation medium. Inco also intends to delist its common shares from the Toronto Stock Exchange as soon as it is in a position to do so.

CVRD Canada has previously disclosed that it intends to acquire 100% of the Inco common shares by way of either a “compulsory acquisition” or a “subsequent acquisition transaction” and to cause Inco to effect deregistration and to cease reporting under the Exchange Act once the number of Inco security holders is sufficiently reduced. In light of these facts, Inco’s Board of Directors authorized the withdrawal of Inco common shares from listing on the NYSE and from registration under Section 12(b) of the Exchange Act.

Effective immediately, Inco will satisfy its reporting obligations under the Exchange Act by filing reports with the SEC on the forms available for use by foreign private issuers, instead of those used by U.S. domestic reporting companies, which it has historically used on a voluntary basis.

Important Legal Information

In response to the CVRD Offer, Inco has filed with the U.S. Securities and Exchange Commission (“SEC”) a Solicitation/Recommendation Statement on Schedule 14D-9 and amendments thereto (as so amended, the “14D-9”). INCO’S SECURITY HOLDERS ARE URGED TO READ THE 14D-9, AND ANY AMENDMENTS INCO MAY FILE THERETO, BECAUSE IT, AND ANY SUCH AMENDMENTS, WILL CONTAIN IMPORTANT INFORMATION ABOUT CVRD’S PROPOSED COMBINATION WITH INCO.

Investors and security holders may obtain copies of the 14D-9 and Inco’s other public filings made from time to time with the Canadian Securities Regulators, at www.sedar.com, and with the SEC at the SEC’s web site, www.sec.gov, free of charge. The 14D-9 and Inco’s other public filings may also be obtained free of charge at www.inco.com or by contacting Inco’s media or investor relations departments.

October 27, 2006

IN 06/54

For further information:
Media Relations:

Inco Limited	Steve Mitchell	(416) 361-7950
Investor Relations:	Sandra Scott	(416) 361-7758
or www.inco.com