In this paper we present the analysis of two broadband (0.1-150 keV) BeppoS
AX observations of the Seyfert 1 galaxy NGC 3516. The two observations were
taken 4 months apart, on 1996 November 8 and 1997 March 12. We report a dr
amatic change in the degree of obscuration of the central source between th
e two observations and propose, as possible explanations, transient absorpt
ion by either a stationary-state cloud of cold gas crossing the line of sig
ht or a varying-state, initially neutral and dense amount of expanding gas
with decreasing density and therefore decreasing opacity. We also report th
e detection of a second highly ionized absorber/emitter, which causes deep
Fe XVII-XXII K edges at similar to7.8 keV to appear in both of the BeppoSAX
spectra of NGC 3516 and possibly produces the soft X-ray continuum emissio
n in the 1 keV blend of Fe L recombination lines detected during the epoch
of heavy nuclear obscuration.