I am assuming this is a stud about 3/8 in size.Center punch the stud as close to center as you can ,drill with a new drill bit about 1/8in size and then redrill at least 3/16. then tig weld your washer and nut on let cool and slowly work it back and forth griping it with a good pair of Vise grips .
Having a hole in it allows it to contract or shrink after welding the washer and nut on . you may have to heat the casting around the stud if it doesn't come out on the first try . just try repeated attemts at heating the casting and the back and forth method with the vise grips . leting it cool completely between attempts . you may also want to try dead blows with a hammeer on the welded nut to help loosen .
this mettod rarely fails for me, if it does you have hole in the center of the stud so you can drill to size and tap. let us know if this works for you .
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