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EXHIBIT 31.2(b)

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF
2002

I, F.S. Hakimi, Executive Vice-President and
Chief Financial Officer (Principal Financial Officer) of Inco
Limited, certify that:



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| | 1. | I have reviewed this Amendment No. 1 to the
    quarterly report on Form 10-Q of Inco Limited (the
    registrant) for the quarter ended March 31,
    2004 (this Form 10-Q, as amended by the Amendment
    No. 1 to that report, the report);                                                                     
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| | 2. | Based on my knowledge, the report does not
    contain any untrue statement of a material fact or omit to state
    a material fact necessary to make the statements made, in light
    of the circumstances under which such statements were made, not
    misleading with respect to the period covered by the report;
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| | 3. | Based on my knowledge, the financial statements,
    and other financial information included in the report, fairly
    present in all material respects the financial condition,
    results of operations and cash flows of the registrant as of,
    and for, the periods presented in the report;                   
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| | 4. | The registrants other certifying officer(s)
    and I are responsible for establishing and maintaining
    disclosure controls and procedures (as defined in Exchange Act
    Rules 13a-15(e) and 15d-15(e)) for the registrant and have:                                                                              



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| | (a) | Designed such disclosure controls and procedures,
    or caused such disclosure controls and procedures to be designed
    under our supervision, to ensure that material information
    relating to the registrant, including its consolidated
    subsidiaries, is made known to us by others within those
    entities, particularly during the period in which the report is
    being prepared;  
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| | (b) | Evaluated the effectiveness of the
    registrants disclosure controls and procedures and
    presented in the report our conclusions about the effectiveness
    of the disclosure controls and procedures, as of the end of the
    period covered by the report based on such evaluation; and                                                                                                      
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| | (c) | Disclosed in the report any change in the
    registrants internal control over financial reporting that
    occurred during the registrants most recent fiscal quarter
    (the registrants fourth quarter in the case of an annual
    report) that has materially affected, or is reasonably likely to
    materially affect, the registrants internal control over
    financial reporting; and



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| | 5. | The registrants other certifying officer(s)
    and I have disclosed, based on our most recent evaluation of
    internal control over financial reporting, to the
    registrants auditors and the audit committee of the
    registrants board of directors (or persons performing the
    equivalent functions):



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| | (a) | All significant deficiencies and material
    weaknesses in the design or operation of internal control over
    financial reporting which are reasonably likely to adversely
    affect the registrants ability to record, process,
    summarize and report financial information; and
|
| | (b) | Any fraud, whether or not material, that involves
    management or other employees who have a significant role in the
    registrants internal control over financial reporting.                                                                                                       

Date: August 10, 2004

| |                              
| | -----------------------------
| | /s/ F.S. HAKIMI              
| |                              
| | F.S. Hakimi                  
| | Executive Vice-President and 
| | Chief Financial Officer      
| | (Principal Financial Officer)

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