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Exhibit 4.11  


 
 

This is not a Letter of Transmittal. This Notice of Guaranteed Delivery is for use in accepting the Offer (as defined below).  


NOTICE OF GUARANTEED DELIVERY
  for Deposit of Common Shares and associated Rights of
  INCO LIMITED
  Pursuant to the Offer
dated May 23, 2006,

as amended and supplemented, made by
  TECK COMINCO LIMITED  




 THE OFFER WILL BE OPEN FOR ACCEPTANCE UNTIL MIDNIGHT (TORONTO TIME) 

ON AUGUST 16, 2006 ("EXPIRY TIME"), UNLESS ACCELERATED, EXTENDED OR WITHDRAWN. 

SEE SECTION 4 OF THE OFFER, "TIME FOR ACCEPTANCE".








	 





	

	USE THIS NOTICE OF GUARANTEED DELIVERY IF YOU WISH TO ACCEPT THE

OFFER BUT YOUR SHARE CERTIFICATES ARE NOT IMMEDIATELY

AVAILABLE OR YOU ARE NOT ABLE TO DELIVER YOUR SHARE CERTIFICATES TO

THE DEPOSITARY OR THE U.S. FORWARDING AGENT BEFORE THE EXPIRY TIME.
	






	 





        This Notice of Guaranteed Delivery must be used to accept the offer dated May 23, 2006 (the
"Offer"), as amended and supplemented by the notice of variation and extension dated July 24, 2006 and the notice of variation and
extension dated August 3, 2006, made by Teck Cominco Limited (the "Offeror"), a corporation existing under the laws of Canada, to purchase
all of the common shares ("Common Shares") and associated Rights (collectively, the "Inco Shares")
of Inco Limited, a corporation existing under the laws of Canada, other than any Inco Shares owned, directly or indirectly, by the Offeror and its affiliates on any Take-Up Date, if
certificates for the Inco Shares to be deposited are not immediately available or if the holder of Inco Shares (the "Shareholder") is not able to
deliver the certificates and all other required documents to the Depositary or the U.S. Forwarding Agent at or prior to the Expiry Time (as defined in the Offer). This Notice of
Guaranteed Delivery may be delivered by hand or transmitted by facsimile or mail to the Depositary at its office in Toronto, Ontario at the address or facsimile number, listed in this Notice of
Guaranteed Delivery. 


        The
terms and conditions of the Offer are incorporated by reference in this Notice of Guaranteed Delivery. Capitalized terms used but not defined in this Notice of Guaranteed
Delivery which are defined in the Offer (the "Offer") and accompanying Circular (together, the "Offer and
Circular") dated May 23, 2006, as amended and supplemented, have the meanings ascribed to them in the Offer and Circular. 


WHEN AND HOW TO USE THIS NOTICE OF GUARANTEED DELIVERY  


        As set forth in Section 5 of the Offer, "Manner of Acceptance — Procedure for Guaranteed Delivery", if a
Shareholder wishes to deposit Inco Shares pursuant to the Offer and certificates representing such Inco Shares are not immediately available or the Shareholder cannot deliver the certificates
and all other required documents to the Depositary or the U.S. Forwarding Agent by the Expiry Time, those Inco Shares may nevertheless be deposited pursuant to the Offer by utilizing the
procedures contemplated by this Notice of Guaranteed Delivery, provided that all of the following conditions are met: 



	(a)
	the
deposit is made only at the principal office of the Depositary in Toronto, Ontario or by or through an Eligible Institution;



	(b)
	this
Notice of Guaranteed Delivery or a manually signed facsimile hereof, properly completed and duly executed, including a guarantee to deliver by an Eligible Institution in
the form specified below, is received by the Depositary at its office in Toronto, Ontario as set out below, at or before the Expiry Time;



	(c)
	the
certificate(s) representing all deposited Common Shares, and if the Separation Time under the Rights Plan has occurred before the Expiry Time and Rights certificates have
been distributed to Shareholders before the Expiry Time, the certificate(s) representing the deposited Rights, each in 








 


proper
form for transfer, together with a properly completed and duly signed Letter of Transmittal and Election Form (the "Letter of Transmittal")
or a manually signed facsimile thereof, relating to such Inco Shares, with signatures guaranteed if so required in accordance with the Letter of Transmittal, and all other documents required by
the Letter of Transmittal, are received by the Depositary at its office in Toronto, Ontario at the address specified below before 5:00 p.m. (Toronto time) on the third trading day on the
Toronto Stock Exchange (the "TSX") after the date on which the Expiry Time occurs; and 



	(d)
	in
the case of Rights where the Separation Time has occurred prior to the Expiry Time but Rights certificates have not been distributed to Shareholders prior to the Expiry Time,
the certificate(s) representing the deposited Rights, in proper form for transfer together with the Letter of Transmittal (or a facsimile thereof), properly completed and duly executed,
covering the deposited Rights, and all other documents required by the Letter of Transmittal are received by the Depositary at its office in Toronto, Ontario or the U.S. Forwarding Agent
before 5:00 p.m. (Toronto time) on the third trading day on the TSX after Rights certificates are distributed to Shareholders. 




        An
"Eligible Institution" means a Canadian Schedule I chartered bank, a major trust company in Canada, a member of the
Securities Transfer Agents Medallion Program (STAMP), a member of the Stock Exchange Medallion Program (SEMP), or a member of the New York Stock Exchange, Inc. Medallion Signature
Program (MSP). Members of these programs are usually members of a recognized stock exchange in Canada or the United States, members of the Investment Dealers Association of Canada,
members of the National Association of Securities Dealers, Inc. or banks or trust companies in the United States. 


        The
undersigned understands and acknowledges that payment for Inco Shares tendered pursuant to the Letter of Transmittal will be made only after timely receipt by the Depositary or
the U.S. Forwarding Agent of (i) such Inco Shares, and (ii) a Letter of Transmittal or a facsimile thereof, properly completed and duly executed, with any signatures
guaranteed, if so required, and all other documents required by the Letter of Transmittal before 5:00 p.m. (Toronto time) on the third trading day on the TSX after the date on which the
Expiry Time occurs. The undersigned also understands and acknowledges that under no circumstances will interest accrue or be paid by the Offeror or the Depositary to persons depositing Inco
Shares on the purchase price of Inco Shares purchased by the Offeror, regardless of any delay in making payment of such purchase price, and that the consideration for Inco Shares tendered
pursuant to the guaranteed delivery procedures will be the same as that for Inco Shares delivered to the Depositary before the Expiry Time, even if the Inco Shares to be delivered pursuant to
the guaranteed delivery procedures are not so delivered to the Depositary, and therefore payment by the Depositary on account of such Inco Shares is not made, until after the take up and payment
for the Inco Shares pursuant to the Offer. 


        All
authority conferred, or agreed to be conferred, by this Notice of Guaranteed Delivery may be exercised during any subsequent legal incapacity of the undersigned and shall, to
the extent permitted by law, survive the death or incapacity, bankruptcy or insolvency of the undersigned and all obligations of the undersigned under this Notice of Guaranteed Delivery shall be
binding upon the heirs, personal representatives, successors and assigns of the undersigned. 



	TO:	 	TECK COMINCO LIMITED
	

TO:	
 	

CIBC MELLON TRUST COMPANY, as Depositary





	
By Mail:	
 	

By Registered Mail, by Hand or by Courier:	
 	

By Facsimile Transmission:
	
 P.O. Box 1036

Adelaide Street Postal Station

Toronto, ON    M5C 2K4

Canada	
 	

199 Bay Street

Commerce Court West, Securities Level

Toronto, ON    M5C 1G9

Canada	
 	

(416) 643-3148





        DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OR TRANSMISSION OF THIS NOTICE OF GUARANTEED DELIVERY VIA FACSIMILE TO A NUMBER
OTHER THAN SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. TO CONSTITUTE DELIVERY FOR THE PURPOSE OF SATISFYING GUARANTEED DELIVERY, THE LETTER OF TRANSMITTAL AND ACCOMPANYING
CERTIFICATE(S) MUST BE DELIVERED TO THE SAME OFFICE OF THE DEPOSITARY IN TORONTO, ONTARIO WHERE THIS NOTICE OF GUARANTEED DELIVERY IS DELIVERED.


2







 

        THIS NOTICE OF GUARANTEED DELIVERY IS NOT TO BE USED TO GUARANTEE SIGNATURES ON THE LETTER OF TRANSMITTAL. IF A SIGNATURE ON THE LETTER OF TRANSMITTAL IS
REQUIRED TO BE GUARANTEED BY AN ELIGIBLE INSTITUTION, SUCH SIGNATURE MUST APPEAR IN THE APPLICABLE SPACE IN THE LETTER OF TRANSMITTAL.


        DO NOT SEND CERTIFICATES REPRESENTING COMMON SHARES OR RIGHTS WITH THIS NOTICE OF GUARANTEED DELIVERY. SUCH CERTIFICATES MUST BE SENT WITH YOUR LETTER
OF TRANSMITTAL.


        The
undersigned hereby deposits with the Offeror, upon the terms and subject to the conditions set forth in the Offer and Circular and Letter of Transmittal, receipt of which is
hereby acknowledged, the Inco Shares listed below, pursuant to the guaranteed delivery procedures set forth in Section 5 of the Offer, "Manner of
Acceptance — Procedure for Guaranteed Delivery". 



	

	
 COMMON SHARES
	
 	

 

	Common Share

Certificate

Number(s)

(if available)
	 	Name(s) in which Registered (please print and fill in exactly as

name(s) appear(s) on certificates.)
	 	Number of

Common Shares

Represented by

Certificate
	 	Number of

Common Shares

Deposited*

	

 
	

 
	
 	

 
	
 	

 
	
 	

 

	

	 	 	 	 	 	 	 	 
	

	 	 	 	 	 	 	 	 
	

	 	 	 	 	 	 	 	 
	

	 	 	 	 	 	 	 	 
	

	 TOTAL	 	 
	

	    	 	 	 	 	 	 	 
	

RIGHTS** (To be completed if applicable)	
 	

 
	

	

Rights Certificate

Number
	 	Name(s) in which Registered (please print and fill in exactly as

name(s) appear(s) on certificates.)
	 	Number of Rights

Represented by

Certificate
	 	Number of

Deposited Rights*

	

 
	

 
	
 	

 
	
 	

 
	
 	

 

	

	 	 	 	 	 	 	 	 
	

	 	 	 	 	 	 	 	 
	

	 	 	 	 	 	 	 	 
	

	 	 	 	 	 	 	 	 
	

	 TOTAL	 	 
	

	*	Unless otherwise indicated, the total number of Common Shares and Rights evidenced by all certificates delivered will be deemed to have been deposited.
	**	Until the Separation Time, if any, certificates representing Common Shares also represent an equivalent number of Rights, no entry for Rights is required in this Box. If the Separation Time occurs and Rights certificates
have been delivered to holders of Common Shares, specify certificates representing Rights in this Box. Note that in any case, a deposit of Common Shares constitutes an agreement by the undersigned to deliver Rights certificate(s) representing Rights
equal in number to the number of deposited Common Shares to the Depositary or the U.S. Forwarding Agent, as applicable, within three trading days on the TSX after the date, if any, that Rights certificate(s) are distributed. The Offeror reserves
the right to require, if the Separation Time occurs before the Expiry Time, that the Depositary or the U.S. Forwarding Agent, as applicable, receive, prior to taking up the Common Shares for payment pursuant to the Offer, Rights certificate(s)
from the undersigned representing Rights equal in number to the Common Shares deposited.
	





(Please print or type. If space is insufficient, please attach a list to this Notice of Guaranteed Delivery in the above form.)


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ELECTION FOR CASH OR SHARES	

 
	
Pursuant to the Offer, the undersigned hereby elects to receive one of the following forms of consideration for all of the deposited Inco Shares represented by the certificate(s) listed above.
Shareholders may elect to receive the Cash Alternative (Choice A) OR the Share Alternative (Choice B).	

 
	
Shareholders may choose only ONE of the choices below:	

 
	
 o  Choice A — The CASH ALTERNATIVE	

 
	
Shareholders who check this box will receive Cdn.$82.50 in cash for each Inco Share

deposited under this Choice A (subject to pro ration and subject to the election made below with respect to currency of payment)	

 
	
o  Choice B — The SHARE ALTERNATIVE	

 
	
Shareholders who check this box will receive 1.1293 Class B subordinate voting shares of

Teck Cominco Limited ("Teck Subordinate Voting Share") and Cdn.$0.05 in cash for each

Inco Share deposited under this Choice B (subject to pro ration and subject to the election made below with respect to currency of payment)	

 
	
If a Shareholder fails to elect the Cash Alternative or does not properly elect either the Cash Alternative, on the one hand, or the Share Alternative, on the other hand, with respect to any Inco
Shares deposited by the Shareholder pursuant to the Offer, such Shareholder will be deemed to have elected the Share Alternative and will be entitled to receive only 1.1293 Teck Subordinate Voting Shares and Cdn.$0.05 in cash as consideration for
each of such Shareholder's Inco Shares, subject to pro ration as described in Section 1 of the Offer, "The Offer".	

 
	
 Fractional Teck Subordinate Voting Shares will not be issued in connection with the Offer. Where on any Take-Up Date a Shareholder is to receive Teck Subordinate Voting Shares as consideration pursuant
to the Offer and the aggregate number of Teck Subordinate Voting Shares to be issued to such Shareholder would result in a fraction of a Teck Subordinate Voting Share being issuable, the number of Teck Subordinate Voting Shares to be received by such
Shareholder will be rounded down and in lieu of a fractional Teck Subordinate Voting Share, the Shareholder will receive a cash payment determined on the basis of an amount equal to the Average Market Price multiplied by the fractional share amount.
See Section 1 of the Offer, "The Offer".	

 
	
 As described in the Offer, the maximum amount of cash consideration available pursuant to the Offer is Cdn.$9,091,281,360 and the maximum number of Teck Subordinate Voting Shares issuable pursuant to
the Offer is 132,303,608 Teck Subordinate Voting Shares. The consideration payable pursuant to the Offer will be pro rated as necessary on each Take-Up Date to ensure that the total aggregate consideration payable pursuant to the Offer and in
any Compulsory Acquisition or Subsequent Acquisition Transaction does not exceed these maximum aggregate amounts and will be based on the number of Inco Shares on a Take-Up Date acquired in proportion to the number of Inco Shares outstanding on a
fully-diluted basis, as set forth in Section 1 of the Offer, "The Offer".	

 
	
An election (or deemed election) as to the consideration to be received by a Shareholder made in this Notice of Guaranteed Delivery shall supersede any election made in a Letter of
Transmittal.	

 
	





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CURRENCY OF PAYMENT	

 
	
 o	

Check here if you wish to receive payment of all cash consideration payable to you pursuant to the Offer in U.S. dollars based upon the Bank of Canada noon buying rate of exchange for U.S. dollars on the applicable Take-Up Date.	

 
	
A Shareholder who does not check the box above will receive payment of all cash consideration pursuant to the Offer in Canadian dollars.	

 
	






	 





	

	
 	


	Signature(s) of Shareholder(s)	 	Address(es)
	

	
 	


	Name (please print or type)	 	 
	

	
 	


	Date	 	Zip Code/Postal Code
	
 	
 	


	 	 	Daytime Telephone Number





	 





	
GUARANTEE OF DELIVERY

(Not to be used for signature guarantee)	

 
	
The undersigned, an Eligible Institution, guarantees delivery to the Depositary, at its address set forth herein, of the certificate(s) representing the Inco Shares deposited hereby in proper form for transfer, together
with a Letter of Transmittal or a facsimile thereof, properly completed and duly executed, with any required signature guarantees, covering the deposited Inco Shares and all other documents required by the Letter of Transmittal before 5:00 p.m.
(Toronto time) on the third trading day on the TSX after the date on which the Expiry Time occurs.	

 
	
 Failure to comply with the foregoing could result in a financial loss to such Eligible Institution	

 
	

	
 	

	

 
	Name of Firm	 	Authorized Signature	 
	

	
 	

	

 
	Address of Firm	 	Name (please print or type)	 
	

	
 	

	

 
	 	 	Title	 
	

	
 	

	

 
	Zip Code/Postal Code	 	Date	 
	

	
 	

 	

 
	Area Code and Telephone Number	 	 	 
	





5









The Depositary for the Offer is:
 CIBC Mellon Trust Company



	
By Mail

P.O. Box 1036

Adelaide Street Postal Station

Toronto, Ontario M5C 2K4	
By Registered Mail, by Hand or by Courier

199 Bay Street

Commerce Court West

Securities Level

Toronto, Ontario M5L 1G9






Telephone: (416) 643-5500

Toll Free: 1-800-387-0825

E-Mail: inquiries@cibcmellon.com 


The
Dealer Managers for the Offer are: 



	
In Canada

BMO Nesbitt Burns Inc.

1 First Canadian Place, 5th Floor

Toronto, Ontario

M5X 1H3

Telephone: (416) 359-6695	
In the United States

BMO Capital Markets Corp.

(formerly Harris Nesbitt Corp.)

3 Times Square

New York, New York 10036

Toll Free: (866) 769-7410
	
Merrill Lynch Canada Inc.

181 Bay Street, 4th Floor

Toronto, Ontario

M5J 2V8

Telephone: (416) 369-7744	
Merrill Lynch & Co.

1400 Merrill Lynch Drive

MSC-0401N

Pennington, New Jersey 08534

Telephone: (609) 818-8000

Toll Free: (877) 653-2948






The U.S. Forwarding Agent for the Offer is: 


Mellon Investor Services LLC


By
Mail, Registered Mail, by Hand or by Courier

120 Broadway, 13th Floor

New York, New York 10271

Toll Free: 1-800-777-3674 


The
Information Agent for the Offer is: 


Innisfree M&A Incorporated

501 Madison Ave., 20th Floor

New York, New York 10022 


North
American Toll Free Numbers:

(877) 825-8631 (English)

(877) 825-8777 (French) 


U.S. Banks
and Brokers Call Collect:

(212) 750-5833 


        Any questions and requests for assistance may be directed by Shareholders to the Depositary or the Information Agent at their respective telephone numbers and
locations set out above. Shareholders may also contact their broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offer.











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NOTICE OF GUARANTEED DELIVERY